Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities. The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks […]
View More Singapore fintech startup Instarem closes $41M Series C for global growthCategory: latin america
America Movil acquires Nextel in Brazil for $905M
Latin America continues to remain a focus for investors that are eyeing up its large population and growth potential. In the latest development, America Movil, the Latin American carrier that is part of the Carlos Slim empire, today announced that it would acquire Nextel in Brazil, owned by NII (formerly Nextel International), for $905 million. NII […]
View More America Movil acquires Nextel in Brazil for $905MAmerica Movil acquires Nextel in Brazil for $905M
Latin America continues to remain a focus for investors that are eyeing up its large population and growth potential. In the latest development, America Movil, the Latin American carrier that is part of the Carlos Slim empire, today announced that it would acquire Nextel in Brazil, owned by NII (formerly Nextel International), for $905 million. NII […]
View More America Movil acquires Nextel in Brazil for $905MPayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse
It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of […]
View More PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouseMeituan confirms Mobike’s retreat from most overseas markets
TechCrunch reported last Friday that Mobike has scrapped operations across the Asia Pacific region as a key step towards a long-term plan to scale back its international business. On Monday, its parent company Meituan confirmed that the pioneer in China’s bike rental sector will shut down most of its foreign markets. “Mobike international business is […]
View More Meituan confirms Mobike’s retreat from most overseas marketsWith these numbers, it’s no surprise SoftBank is investing in Latin America
After SoftBank announced its plans to launch a $5 billion innovation fund in Latin America, we reached out to the good folks at the Latin American Venture Capital Association (LAVCA) for some context.
View More With these numbers, it’s no surprise SoftBank is investing in Latin AmericaTransportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow […]
View More Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its beltSoftBank launches the Innovation Fund, committing $2B to invest in Latin America
While SoftBank continues to make big bets on startups out of its $100-billion Vision Fund, it has also launched another investment vehicle to invest in tech opportunities specifically in Latin America. Today the group announced the SoftBank Innovation Fund, which is starting out with a $2 billion commitment to invest in tech startups in Central […]
View More SoftBank launches the Innovation Fund, committing $2B to invest in Latin AmericaGlobal smartphone growth stalled in Q4, up just 1.2% for the full year: Gartner
Gartner’s smartphone marketshare data for the just gone holiday quarter highlights the challenge for device makers going into the world’s biggest mobile trade show which kicks off in Barcelona next week: The analyst’s data shows global smartphone sales stalled in Q4 2018, with growth of just 0.1 per cent over 2017’s holiday quarter, and 408.4 […]
View More Global smartphone growth stalled in Q4, up just 1.2% for the full year: GartnerGoTrendier raises $3.5 million to take on Spanish-language fashion marketplaces
Thanks to environmentally conscious young buyers, throwaway culture is dying not only in the U.S., but also in Latin America — and startups are poised to jump in with services to help people recycle used clothing. GoTrendier, a peer-to-peer fashion marketplace operative in Mexico and Colombia, has raised $3.5 million USD to do just that. […]
View More GoTrendier raises $3.5 million to take on Spanish-language fashion marketplacesGoEuro rebrands as Omio to take its travel aggregator business global
European multimodal travel booking platform GoEuro has announced a change of name and destination: Its new ambition is to go global, scaling beyond its regional grounding to tackle the challenge of intercity travel internationally — hence needing a more expansive brand name. The name it’s chosen is Omio, pronounced with the stress on the ‘me’ […]
View More GoEuro rebrands as Omio to take its travel aggregator business globalInvestors are pouring money into Latin America’s logistics and shipping businesses
New technology companies are poised to transform the shipping and freight industry across Latin America. Startups like Liftit, a Colombian provider of trucking services, and Nowports, a Mexican freight shipping startup, are angling to be the next Convoy and Flexport — at a time when shipping and logistics business in Latin America is booming thanks […]
View More Investors are pouring money into Latin America’s logistics and shipping businesses