“It is not uncommon for people to spend their entire lives waiting to start living.” ― Eckhart Tolle.
Colombia: Discover Lizit, the game-changing SaaS enterprise empowering equipment rental companies with its lightning-fast booking interface, comprehensive inventory management, and seamless e-commerce integration. Get to know the case here.
Argentina: Discover Qurable, their vision is to generate the largest ecosystem for exchanging benefits and reward points worldwide based on the current businesses’ and users' needs. What is the proposal? They democratize access to a loyalty ecosystem according to the business needs and not to what the technical teams can do. Bigger companies with solid technology teams can connect to the platform through APIs. At the same time, smaller ones can launch their complete loyalty program through a self-service journey. Get to know the case here.
Dive deeper into other fundraising firms in LatAm here.
Argentinian startup Kigüi, which aims to reduce food waste in supermarkets, received a $250k investment from Amazon as part of its AWS Impact Accelerator for Latino Founders program. Kigüi's app allows users to purchase products close to their expiration date at a discounted price, incentivizing the sale of such items and generating cost savings for consumers while reducing food waste. If you want to join the ride, there still might be some room left for investors 😉 Get to know their case here.
Fintech Albo acquires Delt.ai, a company specialized in credit for small and medium-sized enterprises (SMEs), for approximately $20 million. This acquisition will strengthen Albo's offerings in the SME credit segment, allowing it to expand its product range for its customer base, particularly for businesses, and further solidify its position in the financial technology sector in Mexico.
ConfiAbogado, a Mexico City-based legal services startup, raised $1.65 million in seed funding to provide more accessible and efficient legal services across Latin America. The platform uses proprietary technology to match clients with validated lawyers, generating legal strategies and documents in about 20 minutes, aiming to make legal help more affordable and efficient for individuals and businesses in the region.
Colombia: Will open three "safe mobility" sites to process Haitian, Venezuelan, and Cuban migrants and asylum seekers aiming to reach the United States, as part of a regional effort to curb irregular border crossings. These processing centers are part of the Biden administration's strategy to deter migrants from making the perilous journey to the US-Mexico border and seek refuge more safely and orderly in partner countries.
Peru: Scientists have discovered the fossils of an early whale called Perucetus colossus in Peru, which lived about 38-40 million years ago. This ancient whale was estimated to be about 66 feet long and weighed up to 340 metric tons, potentially making it larger than the blue whale, the heftiest animal on record, and the largest dinosaur.
Paraguay: Aims to attract more Taiwanese investment to diversify its economy, which is currently heavily reliant on exporting raw materials to China. The country, maintaining formal diplomatic relations with Taiwan, seeks to reinforce its friendship with the island and warns against over-reliance on China for economic and social development.
Argentina: The government has agreed to a $775 million loan from Qatar to make an upcoming repayment to the International Monetary Fund (IMF). The country is facing a severe economic crisis with high inflation and declining central bank reserves and is seeking external funding to meet its IMF obligations.
Want to dig in and get a very holistic view of LATAM? Below I have listed some reports and docs to get you started.
