On January 7th 2021, MadeiraMadeira, a Brazilian homeware marketplace, became the first unicorn this year in Latin America, with its latest investment round of USD 190 million. Led by the Latin American investment fund of SoftBank, contributors to the compounded
German-based Wunder Mobility, a leader in the global transition to sustainable movement, announced it will power the car-sharing services, Kinto Share, for Purdy Group in Costa Rica. As the first carbon neutral certified automotive company in Latin America and a
With over three million active users, Hong Kong-based cryptocurrency and payment platform Crypto.com is looking to expand into Latin America. At the end of October 2020, the company announced they were hiring Filomena Ruffa as the new Latin America manager.
One of the biggest winners of the coronavirus pandemic has been the e-commerce giant, Amazon. According to the financial data firm Facetus, consumer spending was up by 60% between May and July from the same time last year. With an
On September 11, news broke that Goldman Sachs led an investment of approximately USD 22.5 million in Brazilian fintech company iugu. What was it that caught the eye of the global investment bank? Unlike other fintech companies in the region,
Although demand has decreased for an array of sectors in Latin America, e-commerce platform Mercado Libre has seen both its online sales services and fintech business in high demand. The Economist published that during the pandemic, the company’s market cap
Although the travel industry will be amongst the most hard-hit in Latin America, VCs are investing in startups in anticipation for the day when travel restrictions are lifted. Awake Travel, a platform that allows travelers to book eco-friendly trips and experiences
One7, a company offering financial solutions to businesses in Brazil, has recently purchased fintech startup Rapidoo in July 2020. Although the investment amount was undisclosed, One7 stated they will inject USD 9.3 million in financing for businesses to pay their
