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Fintech
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This private equity fund starts its activity with an initial investment of USD$2.5 million, with the purpose of backing 30 companies within the fintech and blockchain sectors.
Accion Venture Lab, SP Ventures, Glocal and Amplifica Capital also participated in the round. The startup also raised an additional USD$3.5 million in debt financing from Co_Capital, Addem Capital.
The startup, which is still in a proof-of-concept phase with large enterprises, does not plan to officially launch its blockchain transaction tracking platform until next month.
This credit card offers total control over credit limit, spending and budget, and is available in both virtual and physical form.
Cumplo entered the market and became one of the pioneering fintech companies in Chile. It recently surpassed USD$2 billion in financing for small and medium-sized enterprises (SMEs).
The proceeds will be used to expand the supply of loans for the purchase of used vehicles, thus enabling individuals to obtain a car through a loan.
Valor Capital led the investment round, in which FinTech Collective, Endeavor Catalyst, Altos Ventures, Wollef, Squareone, Clocktower Ventures, Gilgamesh Ventures, FJ Labs, Ivernet and Capem also participated.
This capital injection will be used to support the development of their open finance platform, which facilitates access to personalized financial services.
Fintech BRLA Digital, which specializes in cross-border payments and cryptocurrency infrastructure, has just raised BRL$3 million in its first round of funding.
Uruguayan startup Skyblue Analytics has been chosen by TechStars, the second largest accelerator in the world, backed by JP Morgan and several global companies, including eBay.