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Netflix lays off 300 more people — almost 3% of its staff

Video streaming company Netflix said it has laid off 300 people — which represents 3% of its workforce — because of slowing growth and the...

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SumUp raises $624M at $8.5B valuation, with its payments and business tech now used by 4M SMBs

A decade ago, SumUp was one of the army of fintechs that made names for themselves with dongles that turned basic smartphones into card payment...

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Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono is building a fully digital bank with accounts that can be opened in around 15 minutes versus an average of two weeks at an incumbent bank.

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Yummy’s super-sized round helps grow its delivery, ride-sharing super app in LatAm

Yummy is working with over 8,000 merchants, processing 800,000 monthly transactions across its markets and growing over 40% quarter over quarter.

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Netflix’s password-sharing test in Peru is confusing subscribers, report suggests

It’s been a bumpy ride for Netflix recently, and the announcement that it will be charging for password sharing hasn’t gone as smoothly as they...

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Fears grow for smaller nations after ransomware attack on Costa Rica escalates

The Russia-linked ransomware gang demanded $20 million in ransom — and the overthrow of Costa Rica's elected government.

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Gradient Ventures backs Mentum’s goal to democratize investment services in LatAm

The company offers technology in the form of APIs and widgets that businesses can use to create investment products for their customers.

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DeltaX wants to digitize the Andean region’s trucking sector

Transportation startup DeltaX is accelerating its plans to digitize the trucking industry in its native Bolivia and beyond thanks to a recent $1...

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Here’s how JOKR became gross-profit positive amid a cutthroat grocery delivery industry

Founder and CEO Ralf Wenzel, discussed, according to him, why his company’s grocery delivery model is doing better than most.

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Zubale bags new capital to match gig workers with LatAm e-commerce fulfillment jobs

Now flush with new capital, the company plans to launch some embedded financial products for the independent workers using its marketplace.

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Netflix to charge global members sharing their accounts an additional fee, following tests

In light of Netflix’s concerning subscriber losses, the company announced today during its first-quarter earnings call that it will expand its...

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Fintech NovoPayment raises first venture round in 15 years to expand its full-stack banking API platform

Miami-based, female-founded fintech NovoPayment raises $19 million to court new customers

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Jüsto grabs new capital as it expands grocery delivery in Brazil, Peru

Justo enables customers in Latin America to buy groceries directly from its website or app and get them delivered to their location of choice.

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Migrante steps on the gas of vehicle leasing for gig workers in Latin America

The company develops secured loans for motorcycles, cars and trucks so borrowers can improve their income.

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99minutos clocks in fresh capital for logistics infrastructure in Latin America

99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today...

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Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to LatAm ride-hailing drivers

Leasy, a startup that offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity...

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App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″...

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Skydropx taps new funding to expand logistics automation across Latin America

The company is now profitable and grew over 300% in revenue last year. It now serves over 50,000 customers and makes more than 1.5 million deliveries...

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Yummy bags $18M as its expands delivery app across Latin America

Yummy plans to have 50 active dark stores in both Peru and Chile by the end of 2022, touting that it will be able to deliver over 2,000 products in...

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Tiger Global backs Favo, which is building an easier way for Latin Americans to order groceries online

Favo enables under-employed entrepreneurs to create new income streams through steady sales commissions from their own local grocery network.

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

There has been significant hype around Latin America’s startup success. For good reason, too: Startups have raised $9.3 billion in just the first...

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Belvo, LatAm’s answer to Plaid, raises $43M to scale its API for financial services

Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of...

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Nuvemshop, LatAm’s answer to Shopify, raises $90M in Accel-led Series D

The COVID-19 pandemic has led to people everywhere shopping more online, and Latin America is no exception. São Paulo-based Nuvemshop has developed...

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Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A

“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and...

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Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the...

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