"Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” - Pelé
December 14, End Of Day
Dora: Dora is transforming the long-term rental market with its innovative approach. Dora has reached nearly 1000 tenants in just 12 months and achieved a 30% month-over-month revenue growth. The company has expanded to 17 new city markets in Colombia in 2023 and was recognized as the best prop-tech of Latam in 2023 by CILA. Dora's partnership with the real estate marketplace MERCADO LIBRE further solidifies its position in the market. Their solution streamlines the rental process, offering services like instant tenant evaluation, lease approval, smart contract execution, assured cash flow for landlords, and online rent collection. Dive deeper into the case here.
Qurable: Qurable, is a pioneering company in the SaaS and Web 3 sectors, offering a blockchain-based loyalty platform. Their innovative approach allows businesses to launch loyalty programs 10 times faster, with interoperability between brands and without sharing users’ personal data. They are supported by major enterprises like Adidas, L’Oreal, SkyAirlines, and Despegar. The company is co-founded by seasoned entrepreneurs with a previous successful exit to Mercadolibre (NASDAQ:MELI). Qurable is redefining customer engagement and loyalty programs, making them more accessible, efficient, and secure for businesses of all sizes. Dive deeper into the case here.
Bucksapp: Bucksapp is a leading innovator in the fintech industry, specializing in data analytics for banks. With an experienced team in the financial and fintech sectors, Bucksapp offers an all-in-one integration service that includes data cleanup, data analytics, and personal finance management. They are currently working with Banco Regional, the second-largest bank in Paraguay. Bucksapp has a 6 LTV/CAC ratio and a remarkable 22% month-over-month growth in transactions processed. Their B2B SaaS fintech solution significantly increases bank ROI per customer and merchant by organizing, cleaning, and analyzing transactional data, saving banks two years of development and $300k in costs. Dive deeper into the case here.
Dive deeper into other fundraising firms in latam here.
Unicorns refer to privately held startup companies valued at over $1 billion. This name was chosen to represent the rarity of such successful ventures, much like the mythical unicorn.
The significance of tech unicorns lies not just in their high valuation but also in what they symbolize: a combination of innovation, investor confidence, and potential for significant impact on the market and society. Yet, nowadays they are not so mythical. As of November 2023, there were over 1200 unicorn companies worldwide, indicating a growing presence of such high-value startups in the global market.
However, the concept of tech unicorns has attracted some criticism. While their high valuations are noteworthy, these figures don't always translate into long-term success or market stability. The focus on achieving unicorn status can sometimes lead to overvaluation and an emphasis on rapid growth over sustainable business practices.
In Latin America, the tech unicorn landscape has been thriving, particularly in recent years. Increased investment led to a record number of new unicorns in Latin America. Brazil leads the region with the most unicorns, followed by significant contributions from Mexico, Argentina, Colombia, Chile, and Uruguay.
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Chile: The EU and Chile have signed an Advanced Framework Agreement and an Interim Trade Agreement, aimed at enhancing political cooperation and boosting trade and investment. These agreements focus on promoting shared values like human rights, sustainable trade, and gender equality, and respond to global challenges such as securing sustainable supply chains and addressing climate change. Chile becomes the first country in the region to conclude a next-generation agreement with the EU, with a focus on tackling challenges like climate action and sustainable development with the aims to modernize trade rules and support businesses in both regions towards achieving a net-zero economy.
Brazil: Marcus Nobel is offering a "Green Nobel" prize to honor environmental champions of the Amazon rainforest. The United Earth Amazonia prize, independent of the Nobel Foundation, focuses on projects preserving the rainforest and its biodiversity, with winners to be awarded in June at the Opera House in Manaus. This annual prize, first awarded last year without prize money, aims to give visibility to significant environmental efforts and will expand its scope in 2024 to include nations sharing the Amazon rainforest.
Argentina: Argentina's Economy Minister Luis Caputo has warned of a "substantially higher" inflation rate for December, following a 12.8% rate in November. This comes as the new government under President Javier Milei implements economic measures including a more than 50% devaluation of the peso and cuts in energy subsidies. These actions, part of Milei's economic shock therapy to address Argentina's financial crisis, have been cautiously welcomed by markets but are expected to further impact inflation and consumer prices.
Episode #29 of Find The Way Podcast is out:
🌱 Investing with Impact: Shaping the Future with Finance
Tune in to our latest episode focusing on the transformative power of impact investing in Latin America. This episode reveals how addressing the region's core challenges through strategic investments offers an exciting blend of impactful and financial returns. Impact investing is not just shaping the future of business, but also driving meaningful social and environmental change.
In this episode, we go through what is impact investing, why it matters, and how it gets measured with:
Anna Raptis is the founding and managing partner of Amplifica Capital. She is investing to increase economic participation and opportunities for women in Latin America. She is a co-founder of Mujeres Invirtiendo and Voz Experta.
Justin Schwartz is the managing partner of IMPAQTO Capital, an impact investing fund providing flexible capital to early-stage startups in the Andean Region. He is passionate about investing in entrepreneurs who are leveraging innovation to solve Latin America's most pressing problems.
🎧 Listen here.
