Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation

Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation

Buy now, pay later on is officially all over, and Latin America is no exception. Today, one start-up in the area, Addi, is revealing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had actually raised $35 million in an equity round led by […] Addi is presently offered for e-commerce, mobile and brick-and-mortar purchases in Brazil and Colombia, with plans to expand across Latin America in the coming years. Like many other business, Addi briefly saw a downturn in business as an outcome of the COVID-19 pandemic. In Mexico next year, Addi will join existing gamer, Nelo.

Flat.mx raises $20M from VCs, proptech unicorn creators to fix Mexico’s ‘broken’ realty market

Flat.mx raises $20M from VCs, proptech unicorn creators to fix Mexico’s ‘broken’ realty market

Flat.mx, which wants to build a property “super app” for Latin America, has actually closed on a $20 million Series A round of funding. Anthemis and 500 Startups co-led the investment, which included involvement from ALLVP and Expa. Previously, Flat.mx had actually raised a total $10 million in equity and $25 million in financial obligation. Other backers […] Formerly, Flat.mx had raised an overall $10 million in equity and $25 million in financial obligation. Founded in July 2019, Mexico City-based Flat.mx began out with a design comparable to that of Opendoor, purchasing homes, remodeling them and then reselling them.”The real estate market in Mexico is broken,” said co-founder Bernardo Cordero. Tim Chae, managing partner at 500 Start-ups, stated he visualizes that Flat.mx will become “the go-to route”for buyers, sellers, representatives and loan providers in Mexican real estate. …

Kocomo raises millions to give individuals a method to co-own a high-end villa

Kocomo raises millions to give individuals a method to co-own a high-end villa

Who doesn’t desire a vacation home?. That’s what I believed. Kocomo is a Mexico City-based startup that wants to help make that dream a reality. And it’s simply closed on a $6 million equity and $50 million debt financing to bear down that objective. The company intends to permit cross-border co-ownership of luxury […] Put just, the creators of Kocomo — — who are a mix of Colombian, British, Mexican, American, Panamanian — want to overthrow standard trip house ownership with a market that gives individuals a way to purchase, own, and sell fractional interests in high-end houses. In Schrimpff’s case, spending more time with friends good friends family household a top leading concern he accelerated his plans to find a vacation tripHouse”Kocomo is focused more on the cross-border trip houses which are more like a 2 to 3 hour flight away from where the owners are located,” he said. It acquires the house through an LLC, finds and vet certified co-owners, allocates time equitably amongst the co-owners and carries out all of the services essential to maintain the house and handle over time.

With investors like Lightspeed and The Chainsmokers, Mexican neobroker Flink raises $57M to enhance financial addition in LatAm

Flink, a Mexico City-based neobroker, has actually raised $57 million in a Series B round of financing led by Lightspeed Endeavor Partners. The financing comes simply over 6 months after Flink raised $12 million in a Series A round led by Accel. Existing backers Accel, ALLVP, Clocktower and brand-new investor Mantis Venture Capital (founded by The […]…

Why international investors are flocking to back Latin American startups

Why international investors are flocking to back Latin American startups

The Latin America startup ecosystem is having a terrific year, with mega-rounds being revealed at breakneck speed and new unicorns minted practically regular monthly. This is primarily due to the clearly growing start-up scene in the area, with proven successes such as Nubank, Cornershop, Gympass and Loggi helping to reinforce LatAm’s trustworthiness. Remarkably, a number of the […] Surprisingly, numerous of the area’s rounds are led by or saw participation from financiers based in other places. Companies such as SoftBank, Tiger Global Management, Tencent, Accel, Ribbit Capital and QED Investors are putting cash into LatAm. Local VCs are raving about the human capital in the region, but for some international investors, the appeal of Latin America extends beyond the talent to the basic people.

Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, prominent angels

Chilean fintech Xepelin secures $230M in debt and equity from Kaszek, prominent angels

Xepelin is built on a SaaS model developed to give SMEs a method to organize their monetary info in real time. Xepelin is built on a SaaS model developed to provide SMEs a way to arrange their financial info in genuine time. It has 110 staff members, up from 20 a year back. Xepelin has more than 60 collaborations (a number that it stated is growing each week) with midmarket corporate business, allowing for their suppliers to onboard to its platform for totally free and gain access to accounts payable, revenue-based funding.

Colombia’s Merqueo bags $50M to expand its online grocery shipment service throughout Latin America

Colombia’s Merqueo bags $50M to expand its online grocery shipment service throughout Latin America

Merqueo uses more than 8,000 products, including fresh foods, packaged goods, house fundamentals, drinks and frozen items. It presently operates in more than 25 cities and has over 600,000 users. Merqueo provides more than 8,000 products, consisting of fresh foods, packaged items, home fundamentals, drinks and frozen products. Merqueo also reached favorable money flow in Colombia, its most mature market. Merqueo prepares to utilize its new capital in part to expand geographically.”The pandemic sped up the adoption of online grocery shopping in LatAm,”McAllister informed TechCrunch. — TechCrunch” src=”https://techcrunch.com/2020/12/01/whos-building-the-grocery-store-of-the-future/embed/#?secret=51BbagN0rk” data-secret=”51BbagN0rk” width=”800″ height=”450″ frameborder=”0″ marginwidth=”0″ marginheight=”0″ scrolling=”no” >

Acrew Capital, Jeff Bezos back Colombia-based proptech La Haus’ $100M financial obligation, equity round

Acrew Capital, Jeff Bezos back Colombia-based proptech La Haus’ $100M financial obligation, equity round

La Haus, which has developed an online property marketplace operating in Mexico and Colombia, has actually protected $100 million in additional funding, consisting of $50 million in equity and $50 million in debt financing. The brand-new capital was gotten as an extension to the business’s Series B, the first tranche of which closed in January. With […] The new capital was acquired as an extension to the company’s Series B, the very first tranche of which closed in January. And the speed of constructing brand-new houses is sluggish because mid-sized and little designers– who are responsible for building the bulk of brand-new houses in Latin America– are money constrained. “La Haus is removing barriers to house ownership that suppresses millions of individuals from accomplishing financial security. For its part, the La Haus group is delighted to put its new capital to work.