Nubank, the Latin American fintech unicorn, makes its debut in the Mexican personal loans market. In just five minutes, customers can receive financing through the bank’s digital platform, a strong indicator of fintech evolution in the region.
The Chilean startup Biwiser is not far behind, raising USD $161,540 in a successful funding round that attracted 112 investors, exceeding its goal by 83%. Biwiser has been at the forefront in the field of Business Intelligence, building relationships with companies like Komax and Flesan.
In a quest to address environmental challenges, Nestlé Mexico and The Yield Lab LATAM have selected 10 startups for their initiative Regeneración by All In, which focuses on reducing CO2 emissions and a more sustainable circular economy.
Digital transformation also reaches Agrosuper, one of Chile’s largest food companies, which has implemented SAP tools to improve data availability and real-time decision-making.
Despite a funding round of USD $70 million in June, the Brazilian company Blip had to make the difficult decision to lay off 9% of its workforce, highlighting the fluctuating market conditions.
Meanwhile, German-based Home24 and the American fund Carlyle have reached a merger agreement with furniture and decor companies Mobly and Tok&Stok, further consolidating the online furniture market.
In sustainability, the startup Beeok aims to triple its customer base and monthly recurring revenue in the next 18 months. Ualabee, from Argentina, plans to expand to 15 cities, and Dual Vision focuses on safety and productivity in industrial spaces.
Finally, the Bolivian startup Ciudata is preparing to close its first three B2B contracts, using technology to capture the “pulse” of the city and improve urban quality of life.
This array of news once again demonstrates that Latin America is at the forefront of innovation, from fintech to sustainability and digital transformation.