Category: Mexico
With investors like Lightspeed and The Chainsmokers, Mexican neobroker Flink raises $57M to boost financial inclusion in LatAm
Flink, a Mexico City-based neobroker, has raised $57 million in a Series B round of funding led by Lightspeed Venture Partners. The financing comes just over six months after Flink raised $12 million in a Series A round led by Accel. Existing backers Accel, ALLVP, Clocktower and new investor Mantis…
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Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America
Merqueo, which operates a full-stack, on-demand delivery service in Latin America, has landed $50 million in a Series C round of funding. IDC Ventures, Digital Bridge and IDB Invest co-led the round, which also included participation from MGM Innova Group, Celtic House Venture Partners, Palm Drive Capital and previous shareholders.…
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Valoreo raises $30M more to acquire e-commerce brands across LatAm
Just over five months after securing $50 million in debt & equity, Valoreo has closed on a $30 million Series A funding round. Mexico City-based Valoreo aims to invest in, operate and scale e-commerce brands as part of its self-described mission “to bring better products at more affordable prices” to…
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This tool tells you if NSO’s Pegasus spyware targeted your phone
Over the weekend, an international consortium of news outlets reported that several authoritarian governments — including Mexico, Morocco and the United Arab Emirates — used spyware developed by NSO Group to hack into the phones of thousands of their most vocal critics, including journalists, activists, politicians and business executives. A…
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Play2Pay raises $13M to convert mobile user engagement into bill payment
The gamification of payments is not a new concept. A number of companies are attempting to combine gamification and payments in creative ways. And today, one such company, Play2Pay, has raised $13 million in a Series A round of funding. The Fort Lauderdale, Florida-based startup has a straightforward mission. It…
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Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual
Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset management in the region. One of those startups is Chilean-based Fintual, which today announced a $15 million round led by…
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