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Brazil

US$17 million loss was planned, says Nubank CFO

Contxto – In the spirit of transparency, fintech Nubank recently published its financial results for the first half of 2020...

August 26, 2020

Kestraa wants to move import-export processes onto the cloud with US$2.7 million round

Contxto – Behind every imported product you own, multiple stakeholders were involved as were dozens of emails and at least...

August 24, 2020

Despegar wants to take flight with US$200M investment and fintech acquisition

Contxto – Has the time come for travel platform Despegar to take off again? Today (21), the publicly-traded company presented...

August 24, 2020

Following accounting scandal, Wirecard sells ops in Brazil to PagSeguro

Contxto – Following a scandal of tampered accounting books, the dismantling of German Wirecard's global operations has begun. Today (21)...

August 21, 2020

EBANX's Leve to connect e-commerce US vendors with Brazilian consumers

Contxto – Whaddya get when you cross a fintech unicorn with a large e-commerce market? An international logistics company. Enter...

August 21, 2020

Pontte closes US$29 million to revamp real estate loans

Contxto – Real estate loan. Ugh, just looking at the term can raise fears of paying high-interest rates, getting duped...

August 20, 2020

BeeJobs to launch recruitment platform for SMEs in Colombia and Honduras

Contxto – Freshly funded with US$3.8 million from its Series A, BeeJobs is planning its upcoming launch into two Latin...

August 19, 2020

Dark groceries see the future as Zipp raises US$636,000 to sustain growing operations

Contxto – Dark store grocery startup Zipp wrapped up an investment for R$3.5 million (~US$636,000). It doesn't come as a...

August 19, 2020

Amparo Saúde pivots with US$4.6M Series B. Fewer clinics, more telemedicine platform

Contxto – It's been more than six months since the first case of Covid-19 showed up in Brazil. And for...

August 18, 2020

Allya closes US$1.4 million to help employees save money

Contxto – Saving money is a priority for many employees, though they can lack the tools to make informed, financially-savvy...

August 17, 2020