Argentine Unicorn Vercel Raises $250 Million in Series E Funding Round
Vercel, an Argentine software startup that provides a platform for creating cloud-based web applications, announced it has raised…
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MercadoLibre Kicks Off Talks to Apply for Mexico Banking License
MercadoLibre Inc., a leading e-commerce and fintech company, has initiated discussions with Mexican authorities to apply for a…
Uruguayan Fintech Inswitch Sold to U.S. Tech Giant TransNetwork
Uruguayan fintech Inswitch has been acquired by U.S.-based TransNetwork, a B2B payment infrastructure platform for instant money transfers…
Global Fintech Alliance Sets Roadmap for Innovation and Collaboration
GFA, led by Rodrigo García de la Cruz, outlines plans during Dubai FinTech Summit.
Uruguayan AI Sign Language Startup ELdeS Joins EU Accelerator
ELdeS partners with Spain's Fundación Once, receiving €30,000 in mentoring and support.
Invexor Leads $1.5M Capital Raise in Chilean Fintech BTrust
BTrust’s seed round aims to expand operations and enhance AI-driven fraud prevention.
Nubank Eyes Expansion in Mexico Amid Q1 Revenue Surge
Nubank reported record revenue of $2.7 billion in Q1 2024, with a net income of $378.8 million, surpassing the $357.3 million average estimate by analysts. Shares rose 8.2% in New York, marking the biggest intraday jump since September 2023, and extending the stock’s year-to-date rally to over 45%.
Ilya Sutskever Exits OpenAI
Sutskever, known for his pivotal role and involvement in a failed coup against CEO Sam Altman, announced his…
Instagram Co-Founder Mike Krieger Joins Anthropic as Product Chief
Anthropic, an Amazon-backed AI startup, appoints Krieger to lead product engineering, management, and design.
ABSeed Raises $30M to Invest in Early-Stage B2B SaaS Startups in Latin America
Anchored by existing shareholders, the new fund aims to prioritize software with additional monetization layers.