Orchata raises $4M, aims to develop a ‘Gopuff for Latin America’
Orchata’s mobile app allows consumers in Mexico to get groceries provided in 15 minutes without any replacements and at supermarket prices. …
Colombian on-demand shipment startup Rappi raises ‘over’ $500M at a $5.25 B evaluation
Rappi, a Colombian on-demand shipment start-up, has raised “over” $500 million at a $5.25 billion evaluation in a Series G round led by T. Rowe Rate, the company announced late Friday. Baillie Gifford, Third Point, Octahedron, GIC SoftBank, DST Global, Y Combinator, Andreessen Horowitz and Sequoia Capital and others likewise participated in the round. The […] According to the Latin American Endeavor Capital and Personal Equity Association (LAVCA), Rappi focused on providing beverages and initially, and has actually considering that broadened into meals, groceries, tech products and medication. The company likewise uses a cash withdrawal feature, allowing users to pay with credit cards and then get cash from one of Rappi’s delivery representatives. …
Jeeves emerges from stealth with $131M in financial obligation and equity and a16z as a lead investor
Jeeves, which is building an “all-in-one cost management platform” for international start-ups, is emerging from stealth today with $131 million in total financing, consisting of $31 million in equity and $100 million in debt financing. The $31 million in equity consists of a new $26 million Series A and a formerly unannounced $5 million seed round. […] Jeeves claims that by using its platform, any business can spin up their finance function “in minutes” and get access to 30 days of credit on a real business card, noncard payment rails, as well as cross-border payments. It says that “hundreds of companies,” consisting of Bitso, Belvo, Justo, Runa, Worky, Zinboe, RobinFood and Muncher, “actively” use Jeeves to handle their local and worldwide invest. One of Jeeves’ most significant achievements so far, Thazhmon stated, has actually been receiving approval to provide cards from its own credit BIN (bank recognition number) in Mexico.”That’s just the tip of the iceberg, “she informed TechCrunch. The $31 million in equity consists of a brand-new $26 million Series A and a previously unannounced $5 million seed round….
Belvo, LatAm’s response to Plaid, raises $43M to scale its API for monetary services
Belvo, a Latin American start-up which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. A mix of Silicon Valley and Latin American-based VC firms and angels participated in the financing consisting of Future Positive, Kibo Ventures, FJ Labs, Kaszek, MAYA Capital, Venture Friends, […] Mentioning Crunchbase data, Belvo believes the round represents the biggest series A ever raised by a Latin American fintech. Belvo aims intends work with leading fintechs in Latin America, spanning covering throughout like the neobanks, credit providers service providers personal finance financing Items Americans use utilize day. Belvo’s goal is to link all sorts of accounts together. Particularly, Belvo plans to hire more than 50 engineers in Mexico and Brazil by year’s end. …
Armed with $160M in funding, LatAm’s Merama gets in the e-commerce land grab
Merama, a five-month old e-commerce start-up focused on Latin America, announced today that it has actually raised $60 million in seed and Series A financing and $100 million in debt….
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