nubank News of 07/18/19
Fintech In Latin America Continues To Draw Big Dollars As Softbank Invests $231 Million In Creditas
As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth across the region continues to rise, ...
From Seed To Series A: Scaling A Startup In Latin America Today
Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners , a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Movile is ...
Colombian Point-Of-Sale Lender ADDI Nabs $12.5 Million From Andreessen Horowitz
Andreessen Horowitz <3 Latin American startups. Latin America is the only region outside of the U.S. where the venture firm is routinely investing capital and it has just made another commitment, doubling down on its early stage support for the ...
The Stanford Connections Behind Latin America’S Multi-Billion Dollar Startup Renaissance
The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major ...
Trump’S Huawei Ban ‘Wins’ One Trade Battle, But The US May Lose The Networking War
While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers, the country is at risk of falling seriously behind ...
SoftBank Makes A Huge Bet On Latin America
Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken the region by storm, attracting a record amount of venture capital funding in mere months. Today marks the ...
Bringing Affiliate Marketing And Outsourced Customer Acquisition To Brazil Nets Escale $22.6 Million
Despite not being Brazilian and having their first exposure to the country only a few years ago, the two co-founders of Escale have managed to raise $22.6 million for their company, which provides customer acquisition services to companies in ...
Challenger Bank n26 Plans To Expand To Brazil
Fintech startup N26 plans to launch its bank service in Brazil in 2019. The company announced the news on stage at MWC in Barcelona. N26 has already announced that its next market would be the U.S. at some point during the first half of 2019. ...
A Private Equity Bet In Latin America Proves The Strength Of Fintech Investments There
Latin America is getting another fintech unicorn thanks to Advent International’s acquisition of a 51 percent stake of Prisma Medios de Pago , an Argentine payments company formed as a joint venture between Visa International and local banks. ...
Earnin Raises $125m To Help Workers Track And Cash Out Wages In Real Time
Before Ram Palaniappan founded Earnin , he developed a system for employees at a payments company called UniRush, where he spent eight years as president. If you needed money before payday, he would write you a check from his checking account and ...