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Brazilian fintech Ali, which provides payroll credit—those deducted directly from a worker’s paycheck—had its Series A, which raised US$25 million. Investment bank BTG Pactual led the round. Ali reported that more than 250,000 employees had used its product, and with the new resources, they expect to reach one million clients next year.
Peruvian edtech uDocz raised US$2 million in a seed round, which intends to finance its expansion into Mexico. The round was led by GSV Ventures, an investor in other edtech platforms such as Domestika and Coursera, although this is the first time they have invested in a LatAm startup.
What does uDocz do? The platform presents itself as “a study community” that allows students and professionals to share their study materials and learn together.
Also from Peru, the fintech Prestamype—which provides loans to small businesses through factoring and mortgage guarantees—announced financing of up to US$2 million from IDB Lab and US$800 thousand from Salkantay Ventures, a local fund launched in February.