"I have always imagined that Paradise will be a kind of library." - Jorge Luis Borges (Argentinian writer, essayist, poet and translator)
February 22, End Of Day
LEAF: LEAF is led by co-founders who bring over 20 years of combined experience in technology and climate change, ensuring a deep understanding of the market's needs and the environmental impact. Their platform addresses the growing demand for accessible carbon management solutions. Dive deeper into the case here.
Aquit: Pioneering advanced biotech solutions, Aquit addresses the challenges of sustainable aquaculture. With a natural immunity booster and a focus on replacing antibiotics, they've formed R&D alliances with other key players. Dive deeper into the case here.
Alfred: Alfred is transforming the vehicle maintenance industry into a hassle-free experience. Alfred has already demonstrated significant traction by registering over 25,000 vehicles across 6 cities and completing more than 60,000 services. Dive deeper into the initiative here.
Dive deeper into other fundraising firms in LatAm here.
New technologies are revolutionizing the energy sector in LatAm by enabling more efficient distribution networks. This shift towards renewable energy, supported by technological advancements, is reshaping the region's approach to energy production, distribution, and consumption, marking a pivotal step towards sustainability and efficiency. How are new technologies transforming energy?
Argentina: In January, Argentina reported a financial surplus of approximately $587 million, the first instance of spending less than its revenue in over a decade. This achievement is part of the government's economic adjustment program, aiming for fiscal balance amid challenging economic conditions. The surplus resulted from public sector income growth aligning closely with the country's annual inflation rate and a strategic reduction in public expenditures.
Brazil: Brazil plans to launch a $2 billion forex hedging program to attract foreign investment in green projects, in collaboration with the Inter-American Development Bank. The initiative aims to provide foreign exchange derivatives to mitigate currency risks for investors in sustainable development, facilitated through the central bank. This measure, part of a broader effort to bolster "green" investment and reduce currency volatility, includes extending the maturity of $100 billion in swaps and establishing a liquidity line for project finance in renewable energy and sustainable infrastructure.
Cuba: US state agriculture officials are eyeing opportunities in Cuba's evolving private sector amid economic reforms. During a visit, they observed the growth of non-farm businesses and met with Cuban officials, noting Cuba's openness to foreign investment in agriculture, a shift from its traditionally closed stance, though US investments are not yet authorized.
🏦 Insights from a Fintech expert
Georg Hauer, exGM at N26 and Banking Advisor, analyses two Fintech decks in the Credit and Web3 space. He breaks down and shares valuable insights on the decks, including:
Check how the companies managed to stand out and Georg's insights below.
Thanks to the startups included!
talo: Crypto Payments Infrastructure for businesses in LATAM
Presto: Changing the credit game in Bolivia.
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