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Brazil

Nubank officially has 25 million customers, we review the reasons why it’s hot

Contxto – On Monday (1), fintech Nubank announced it hit 25 million customers divided among the two countries where it...

June 2, 2020

Cortex lands R$120 million in SoftBank-led round to boost growth intelligence platform

Contxto – In a round as big as the data they manage, Cortex, a Brazilian startup raised R$120 million (around...

June 2, 2020

Fintech Brex undergoes restructuring, layoffs ensue

Contxto – One step forward, two steps back. In May, fintech Brex disclosed a US$150 million investment. Although last Friday...

June 2, 2020

Santander InnoVentures leads US$5 million investment in a55

Contxto – Santander Bank’s corporate venture capital (VC) arm, Santander InnoVentures led a US$5 million investment in Brazilian fintech a55....

May 30, 2020

Accountfy raises US$6.5 million with Redpoint eventures and HDI Seguros

Contxto – Accountants at Brazilian, Accountfy, recently added US$6.5 million onto the startup’s “assets” column in its balance sheet. The...

May 29, 2020

Stone acquires healthtech Vitta and invests in 3 other startups

Contxto – Fintech Stone is making its debut into healthcare (sort of). Expanding its scope, the Brazilian company bought Vitta,...

May 28, 2020

Fashion startup, houpa, is in vogue with investors, raises US$2.3 million

Contxto – Fashion marketplace houpa is looking sharp! The startup recently raised R$12 million (around US$2.3 million) with unnamed investors....

May 27, 2020

Escale buys Cobmax, proving CX is more important than ever

Contxto – Customer acquisitions startup, Escale, acquired customer-acquiring Cobmax (say that three times fast) and made the announcement last Monday...

May 27, 2020

Fintech Brex raises US$150 million in Series C extension

Contxto – Brazilian-founded Brex raised an investment for US$150 million as an extension of a previous Series C round. Returning...

May 26, 2020

Brazilian retailer, Via Varejo, acquires fintech Airfox

Contxto – More often than not, it’s banks that buy out fintechs. But this time around it’s a little different....

May 25, 2020