Fast Track News this Tuesday: Investment Rounds, Business Events, and Changes in the Latin American Fintech Market

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.

Activity in Latin America’s technological and financial sectors is in full swing, with significant movements in the market for startups, fintech, and venture capital.

Kunzapp, the emerging startup with a presence in Mexico and Chile, closed an investment round of USD $750,000, backed by Platanus Ventures, Fen Ventures, and Daedalus. The startup has shown a 22% month-to-month growth and aims to reach $1 million in annual recurring revenue in the next 14 months.

Konfío, a leader in fintech in Mexico, announced the closure of its ERP software subsidiary, Gestionix, to focus on its service offerings for SMEs. This decision aims to adapt to the growing Mexican fintech market.

ALLVP has established itself as a driving force in venture capital in Latin America. Since its inception in 2012, the firm has invested in technologies that address regional challenges and manages more than USD $350 million in assets.

The Brazilian fintech giant Ebanx announced it will host the seventh edition of the Payments Summit, focusing on emerging markets such as Latin America and Africa. Executives from Microsoft, Uber, Sony, Canva, Mastercard, and others will be part of the expert panel.

From September 5 to 7, Mexico City hosted the second edition of Startups Latam Week, organized by Startups Latam. The event was a hotbed of activity for entrepreneurs, VCs, and other key players in the technological and financial ecosystem of the region.

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