Wonder Brands, an e-commerce aggregator in Latin America, has secured $15.5 million in Series A funding led by Nazca and IDB Invest, allowing the company to extend its reach to South America. The company's shift towards acquiring e-commerce infrastructure and developing...

AI is undoubtedly shaping industries around the globe, and LATAM is no exception. From significant investment announcements to practical implementation the region's AI landscape offers unique insights. According to Andrés Barreto, Managing Director of the Techstars Miami accelerator...

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...

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...

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...

Invariantes, an investment firm from Guatemala, recently revealed a $30 million fund aimed at backing startups in the US and Latin America. The fund employs a hybrid approach, with half of the capital allocated for investments in emerging VC funds and the other half for direct investments in early-stage...

LATAM's three largest space tech countries are Brazil, Argentina, and Mexico.Brazil has the most advanced space program in the region, with the National Institute for Space Research (INPE) and the Brazilian Space Agency (AEB) being the primary space organizations. Brazil has developed and launched...

Some stats from the region. Chile was the only major tech country that received more investments in Q1 2023 vs. Q1 2022. Brazil faced a huge drop between Q1 of 2023 and 2022 = -93%. Top 3 countries in terms of capital investments in Q1 2023:Brazil = 150M USDChile = 96M USDMexico = 96M USD...

Visa, the credit card giant, is making a significant move in the fintech space with its acquisition of Brazilian startup Pismo for $1 billion. Pismo offers a cloud-native platform for payments infrastructure and core banking services, serving big-name customers including Citi, Itaú, and Revolut...