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Video streaming company Netflix said it has laid off 300 people — which represents 3% of its workforce — because of slowing growth and the economic downturn. This is the firm’s second layoff spree in two months, after it let go of 150 staffers in May. In April, it also laid off a bunch of [&h…

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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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clicOH’s shipping technology provides Amazon-like logistics to e-commerce companies in LatAm

clicOH delivers a package every 20 seconds and services customers of all sizes, from AB inBev and Red Bull to small Shopify merchants.

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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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Chilean fintech Xepelin wants LatAm businesses to get paid

The B2B payments company is doubling down in both Chile and Mexico, while also eyeing new countries for expansion.

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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 million seed funding round.

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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 test that charges members a higher price if they’re engaged in account sharing with people outside their household. The company first began test…

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Walmart is acquiring Memomi, an AR startup powering virtual try-on for eyewear

Walmart is expanding its array of virtual try-on services for shoppers with today’s news that it’s planning to acquire Memomi, an AR optical tech company and current Walmart partner offering virtual try-on experience for eyewear. Deal terms were not disclosed, but Memomi has enabled dig…

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Venture studio Adanian Labs fuels startup growth in Africa

The venture studio targets to help build 300 next-generation startups over the next five years.

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