South America
The latest startup and technology news coming out of South America.
Qualcomm has launched the Snapdragon 4s Gen 2 chip to 5G smartphones in the sub-$100 price segment in India and other emerging markets.
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Endeavor CEO says long-term capital needs to be prioritized in emerging ecosystems
Venture capital has become a more global industry as the tech sector slowly decentralizes. In 2022, more than 50% of VC deployed globally was invested in startups outside the U.S., according to data available from the National Science Foundation (NSF) — a stark contrast to 20 years ago, when nearly…
Meta has suspended the use of its AI assistant after Brazil’s National Data Protection Authority (ANPD) banned the company from training its AI models on personal data from Brazilians. The…
Matera raises $100M from Warburg Pincus to help the US catch up to Brazil in instant payments
To say that Pix, the instant payment system created by the Central Bank of Brazil, has been a resounding success is an understatement. With Pix, money moves directly between core…
Real-time payments are becoming commonplace for individuals and businesses, but not yet for cross-border transactions. That’s what Caliza is hoping to change, starting with Latin America. Founded in 2021 by…
Cheap irrigation has transformed many regions around the world into breadbaskets, but it also means that there can be little left for other uses.
Remittances from workers in the U.S. to their families and friends in Latin America amounted to $155 billion in 2023. With such a huge opportunity, banks, money transfer companies, retailers,…
Here’s a shoutout to LatAm early-stage startup founders! We want YOU to apply for the Startup Battlefield 200 at TechCrunch Disrupt 2024. But you’d better hurry — time is running…
Accion’s new $152.5M fund will back financial institutions serving small businesses globally
For over six decades, the nonprofit has been active in the financial services sector.
Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market
Fintoc’s API lets online businesses accept instant payments coming directly from the customer’s bank account. This method, known as A2A, offers an alternative to credit card transactions.
Brazilian startup Salvy, a mobile carrier for businesses, was the only company based in Latin America in Y Combinator’s latest batch, the accelerator confirmed to TechCrunch.
Borderless Capital, an investment firm that specializes in web3, announced Tuesday that it is acquiring CTF Capital, a quantitative trading and asset management firm headquartered in Miami, with technology and…
India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures, with participation from Stepstone Group. The company, which counts Tencent and Times Internet…
Bold provides low-cost payment terminals, called dataphones, that enable small and medium businesses to accept link payments.
Many of Latin America’s SaaS businesses outperform others at efficiency metrics, but capital scarcity also puts a limit to innovation, although AI could change that.
Argentine construction tech startup Nuqlea recently raised a $750,000 extension round led by construction-focused VC firm Foundamental.
Leal enables merchants to create a customer database to then offer cashback and rewards products to loyal shoppers on everyday purchases.
Spot’s flagship product, VisionX, taps into deep learning and computer vision technologies to analyze consumer and theft behaviors.
Open banking — where traditional banks can share data, and build new services, by way of APIs that bring their ageing systems into the 21st century — has seen its…
Google announced today that the company plans to support more real-money games (RMG) on the Play Store this year by allowing more types of games in the category following local…
Gabriel’s urban intelligence infrastructure aims to create safer neighborhoods across Latin America
The company integrates cameras and computer vision with routine police operations to address public safety challenges across Latin America.
Spotify has reversed course on a decision to exit the Uruguayan market, after gaining assurances from the government that copyright law changes it’s introducing won’t result in Spotify incurring extra…
Vammo, the São Paulo-based startup that wants to scale electric motorcycle battery swapping in Latin America, has raised a $30 million Series A round to capture the growth in popularity…
NXTP Fund III represents over a 2x increase from the size of its previous fund, enabling the firm to invest in between 25 and 30 companies this time around.
Co-founders Roberto Arroyo and his brother, Nicolas Arroyo, bootstrapped the company for almost four years and reached profitability while expanding into Chile, Guatemala and Argentina.
Riverwood Capital has closed on $1.8 billion in new capital, the growth investment firm announced today. The firm last raised in 2020, with total capital commitments of $1.4 billion at…
InDrive, the “bid-based” ride-hail platform popular in Latin America and Asia, has launched a new venture and merger and acquisition division named New Ventures to invest up to $100 million…
The company expects to market 1 million kilograms of food monthly through its platform by the first quarter of 2024.
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. The raise is believed to be the largest…
In the past year, Finerio created an API hub for digital payments, credit and personal finance management, as well as a place for financial institutions to comply with new open…
