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With the capital from this investment, the startup expects to consolidate its business model in Mexico and the rest of the region.
From BBVA Spark’s €20M deal with Payflow to Starlink’s expansion in Latin America and new insurance against cartel violence, this Tuesday’s Fast Track News covers the key updates in finance, tech, and more in the LATAM region.
From Fondo Córdoba selecting six startups for investment to Fretadão securing $10M, all the way to financial inclusion for migrants. Latin America is a hotbed of technological and social innovation.
Luis Enriquez, former CEO and founder of Cultura Colectiva, joins Bridge Latam, the Venture Capital fund focused on technology startups in Latin America. His arrival is expected to strengthen the fund’s focus on driving regional innovation.
From the robust fundraising of Databits and CleanLight to the financial innovations by Paymentology and Nelo, Latin America is a hotbed of activity in data science, sustainable energy, and payment solutions. As nearshoring attracts venture capital investment, startups face challenges and opportunities in a dynamic landscape.
Discover how nearshoring in Latin America opens up opportunities for venture capital investment and startups. Advantages such as low costs and technical talent make the region an attractive hub for global companies.
Highlights include Kunzapp’s $750K investment round, Konfío’s strategic shift, ALLVP’s role in venture capital, Ebanx’s upcoming Payments Summit, and Startups Latam Week in Mexico City.
Since its inception in 2012, ALLVP has established itself as a leader in venture capital in Latin America, backing entrepreneurs with technology solutions that address the region’s most pressing challenges. With more than USD $350 million in assets under management, the firm aims to transform innovation in the region.
From Stori’s recent acquisition to boost financial inclusion to Galileo’s project to reduce cash use in LatAm, and from EZvolt’s $2M investment for green mobility to Heineken’s extended challenge for water conservation, the startup scene is brimming with activity.
Brazilian agtech iRancho, already implemented in over 3,000 rural properties worldwide, secures investment from Banco do Brasil to pioneer sustainable livestock management.