“We are all one. Only egos, beliefs, and fears separate us.” - Nikola Tesla
llow: Makes your website compliant in less than 5 minutes. They enable companies to use users’ data. Their SaaS gets/stores users’ consent and their API helps companies to automate data deletion once users request it. Only non-European Union startup that won a Privacy Grant from the EU.
Worknmates is a marketplace for remote companies and employees → Work from anywhere. In Worknmates, companies set up a maximum budget for employees. What can employees do with this budget?
Dive deeper into other fundraising firms in LatAm here.
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Nubank reaches 85 million customers, surpassing Banco do Brasil and becoming the 4th largest bank in Brazil. The financial institution now ranks behind Caixa Econômica Federal with 150.4 million customers, Bradesco with 104.5 million, and Itaú with 99.9 million, according to data from the Central Bank.
Despegar, in partnership with Binance and Inswitch, introduces cryptocurrency payments as a new option for its customers in Colombia, making it the first online travel agency in Latin America to accept virtual currency for its products and services. The collaboration aims to offer more payment alternatives and financial freedom to travelers, expanding gradually to other countries where Despegar operates.
Nico Barawid, CEO and co-founder of Casai, announces the completion of the sale of their operations and portfolio after four years of challenges and accomplishments. While they didn't achieve the ultimate outcome they hoped for, Nico reflects on the journey and shares valuable learnings, expressing pride in the team's achievements and the impact Casai had on the short-term rental industry in Latin America.
Let’s stay out of the obvious markets this time 😉
Guatemala: Paggo provides access to mobile payments for SME's through an app and mPOS that accepts debit and credit cards, create link payments for ecommerce, will come with a historical sales dashboard and financial ratios. Stage = Pre-Seed. Total funding = $600k.
Ecuador: Kushki offers clients an integrated payments platform and omnichannelsolutions for e-commerce, m-commerce, and physical stores. Stage = Series B.Total funding = $194M.
Bolivia: Koban aims to reduce complexity and revolutionize the way money worksin Latam by offering their users digital financial services that are easy to use,innovative and accessible to move, transact and save money in a secure digitalplatform. Stage = Pre-Seed. Total funding = $2.3M
Paraguay: eCLUB is on a mission to make digital payments and fair credits a realityfor millions in Latin America. It offers an international Mastercard card and is thefirst free contactless card on the market in Paraguay. Stage = Pre-Seed. Totalfunding = $1M.p
Guyana has extended the deadline for companies to submit bids for its first competitive auction of oil blocks to September 12. The extension is to accommodate the finalization of a model Production and Sharing Agreement (PSA) and core legislation for the country's oil industry, aimed at attracting new explorers and reducing the dominance of Exxon Mobil-led groups in the country's oil output.
Argentina is running out of time to secure the next tranche of a $44 billion loan with the International Monetary Fund (IMF) and may need to use a swap line with China to make a $3.4 billion payment due soon. The country's central bank reserves have been dwindling, and the potential inflationary impacts of policy steps make implementing comprehensive stabilization and adjustment measures politically challenging before the upcoming presidential elections in October.
Mexico and the United States have agreed to enhance firearm tracing and oversight of arms trafficking by implementing an electronic monitoring system for firearms seized from criminal organizations in Mexico. The plan aims to track the origin of weapons to inform seizure strategies and includes proposals such as revoking licenses of gun stores selling firearms to cartels and increasing oversight of license providers, seizures, and arrests related to arms trafficking.
Colombian police have seized property and bank accounts worth 1.3 trillion pesos ($329 million), which were proceeds from the sale and export of stolen crude oil by four criminal organizations. The stolen oil was often mixed with legally-purchased crude and smuggled, with the majority state-owned oil company Ecopetrol being the main victim of the scheme, losing 60 billion pesos due to illegal operations.
Dive deeper into the trade policy in LatAm here.
