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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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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 terminals. Today, the London-based company has expanded into a wider range of business services that are used by some 4 million small and medium businesses…

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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 might have hoped, a new report claims. Subscribers in Peru who were opted in to new password-sharing restrictions have reported confusion over Netflix&#821…

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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 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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Without a clear ask, your pitch deck is useless

Having a great "ask" slide can reassure investors: It shows a founder wants to raise an amount of money that unlocks the next stage of growth and knows what milestones they need to hit to get there.

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Equity crowdfunding appears immune to market volatility, on track for its best year yet

With the fundraising climate now showing cloudy skies, equity crowdfunding is getting ready for a field day.

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