On The Web

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Deals

Transforming Latin American Corner Stores: Chiper Carries In $12M Series A

October 16 2020

• in
• Latin America

“Chiper has been amassing a network of digitized corner stores in Latin America for the past two years. Now armed with $12 million in Series A funding, the Colombia-based e-commerce platform for independent merchants is poised to capture even more corner-store retailers.”

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Global

Hoping to be LatAm’s Top Digital Bank for SMBs, Xepelin Launches a Lending and Revenue Management Service

October 13 2020

• in
• Latin America
• Small and Medium Business

“There’s another entrant in the startup race to provide financial services to Latin America’s small and medium-sized businesses. Financial services have been a huge opportunity for startups coming out of Brazil, Colombia and Mexico in recent years, and now Xepelin , a new company from Chile, is looking to join the fray.”

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Global

Colombian Fintechs Fill Latin American Banking Gaps

October 9 2020

• in
• Fintech
• Latin America

“When it comes to smartphone apps, banks in Latin America have been behind the curve. Movizzon, a Colombian fintech company, is helping them change that. The company buys thousands of smartphones into which it installs two apps: its own, and that of its bank clients. Movizzon’s app then takes control of the dummy phones, logging […]

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Global

Latin American mega-retailer reaches underbanked with cross-brand financing app

August 21 2020

• in
• Latin America

“Unicomer Group, Latin America’s equivalent of Best Buy, has teamed up with YellowPepper to develop a digital credit app that acts as a financial services center for underbanked and unbanked consumers. The Emma (Easy Mobile Money Access) app enables customers to apply digitally for multi-purpose installment loans and spend the funds at Unicomer stores and […]

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Domains

MercadoLibre Tops $50 Billion in Value Amid E-Commerce Boost

July 7 2020

• in
• Latin America
• Remote Commerce

“Shares of Latin America’s largest e-commerce marketplace MercadoLibre Inc. climbed above $1,000 for the first time as online sales surge in the region amid the coronavirus pandemic. Up 78% this year, MercadoLibre has benefited from a growing number of consumers that are either buying online for the first time or increasing the frequency of their […]

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Global

3 Biggest Fintech Trends Shaping Latin America

June 10 2019

• in
• Fintech
• Latin America

“Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American population with smartphones hit 61% , and LAVCA predicts it will reach 76% by 2025. In Brazil, for […]

On The Wires

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Global

Rapyd and PayMyTuition partner to enable students across Latin America and Asia Pacific to make international tuition payments in minutes

August 11 2020

• in
• APAC
• Latin America

“Rapyd, a global Fintech as a Service company, announced today a partnership with PayMyTuition, a leading provider of technology-driven global payment processing solutions for international tuition payments, that expands PayMyTuition’s ability to accept payments via bank transfers from several countries in Latin America and Asia Pacific through Rapyd’s platform, using a single API integration.”

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Deals

Colombian Point of Sale Financing Platform ADDI Raises $15 Million Series A Extension

June 10 2020

• in
• Buy Now Pay Later
• Latin America

“ADDI, a Bogota-based provider of point of sale (POS) financing solutions for Latin America, today announced the close of an equity financing of $15 million. The round was led by Quona Capital, a venture firm focused on fintech in emerging markets, alongside existing investors Andreessen Horowitz and Monashees, and new investors S7 Ventures, Foundation Capital […]