“Humans only have one ending. Ideas live forever.”― Barbie movie 2023
August 11, End Of Day
Fundraising picks of the week
Argentina: Avancargo is a B2B trucking platform that provides carriers and shippers with better availability by connecting supply and demand. Avancargo provides transparent management towards all those involved in the logistics chain. With over 100’000 registered and audited trucks and with more than 1’000 monthly trips, Avancargo has become the household name for logistics in Southern South America. Get to know the case here.
Colombia: Alfred emerges as the one-stop-shop solution for vehicle owners. As its name states, just like Batman has an Alfred that takes care of everything so Batman can focus on being a superhero, Alfred takes care of everything related to its customer’s vehicles. This is done by making the process of requesting any maintenance service much easier and providing the required transparency/information gathering throughout the whole process. Get to know the case here.
Dive deeper into other fundraising firms in LatAm here.
LATAM's EdTech ecosystem is rich and diverse, with startups and established companies offering a wide array of products and services. From online learning platforms to virtual classrooms, technology is breaking down barriers and reaching students across various socio-economic status.
The pandemic further emphasised the importance of EdTech around the world. As schools closed, online education became the norm, allowing learning to continue uninterrupted. This forced adaptation may have lasting positive effects on the integration of technology in education.
Many Latin American governments recognise the potential of EdTech and are collaborating with private entities to foster innovation. These partnerships are driving digital literacy, providing infrastructure, and making quality education accessible to remote and underserved areas.
Though promising, the EdTech landscape in LATAM faces challenges. Internet connectivity, affordability, and resistance to change in traditional education systems are some obstacles.
For those interested in social impact, innovation, and investment, the Latin American EdTech space offers inspiring stories, exciting opportunities, and the potential to be part of something truly transformative.
Bolivia, Brazil, Colombia, Ecuador, Guyana, Peru, Saint Vincent and the Grenadines, Suriname, Venezuela: Twelve rainforest countries have formed a pact to demand that developed nations pay to assist in the fight against climate change and preserve biodiversity. The joint statement, titled "United for Our Forests," calls for financing mechanisms to pay for the essential services provided by forests and expresses concerns over unfulfilled promises by richer countries to provide significant climate and biodiversity financing. The pact was formed ahead of the United Nations' COP28 climate summit, building on Brazil's efforts to create a united front among rainforest nations.
Brazil: Brazilian President Luiz Inácio Lula da Silva has unveiled a R$371bn ($76bn) public works program aimed at boosting growth in areas such as energy, transport, and healthcare. With private sector and state enterprise contributions, the total investment is expected to reach R$1.4 trillion ($287bn) by 2026. Critics have voiced concerns, citing previous issues with waste, corruption and fiscal crisis, but the government emphasises strong private sector involvement and necessary legal adjustments to facilitate the initiative.
Honduras: The IMF has reached a staff-level agreement with Honduras for a 36-month credit facility amounting to about $830 million, aimed at supporting the nation's economic reform policies. The facility will focus on addressing urgent social spending, investment needs, and maintaining macroeconomic stability, despite challenges posed by domestic and external shocks such as the pandemic and the global economic slowdown. The Honduran economy grew by 4% last year, and the government forecasts growth between 3.5% and 4.0% for this year. The deal is still pending approval by the executive board.
FURTHER READING
Want to dig in to the world of EdTech
