Colombian-born Rappi has just become the most recent member of the exclusive club of Latin American ‘unicorn’ startups, joining the likes of Mercado Libre, Globant and online travel agent Despegar.com. With large contributions from VC firms DST Global, Andreessen Horowitz and Sequoia, Rappi finished a final funding round at the end of this September, meaning
Despegar, Latin America’s largest online travel agency, recently fell victim to this year’s global asset selloff in emerging markets when midway through last month its main shareholder Tiger Global announced it would sell all of its 43.7 percent stake in the company. The decision caught many off guard, coming just 11 months after Despegar debuted
Argentine 3D printer manufacturers Trimaker will be trying their luck in Europe as fortunes turn south in their native land. LATAM.tech spoke to CEO Fernando Fernandez on their newest iteration Cosmos II and their hopes to expand across the globe. The world isn’t flat. 3D printer manufacturers Trimaker are certain of this, taking their business
Gone are the days when cryptocurrency and blockchain were associated with drug dealers. Colombia is shedding that image too. And with help from a powerful friend, Bogotá is showing just how high they’re willing to bet on blockchain. On cryptocurrency and blockchain, Colombia has blown hot and cold, much like a typical day in the
Officials at online payment service PayPal announced this week that they will be teaming up with the southern hemisphere’s largest financial conglomerate, Itaú Unibanco Holdings S.A. After the 2008 merger of Brazilian public banks Itaú and Unibanco, the conglomerate became one of the largest banks in the world. Now, its clients will have access to
According to recent market research, the diaper market in both the US and Latin America was valued at approximately US $19 billion in 2017 and is expected to reach US $25 billion by 2023. As the world’s population continues to increase, the arrival of training diapers, cloth material diapers and swimming diapers is set to
Not only is Brazil the largest country in Latin America, as well as the only Portuguese-speaking one, but it also boasts one of the region’s leading e-commerce markets. According to the latest Statista business intelligence report, Brazil’s e-commerce market is expected to reach values of almost $21.3 billion this year and $31.7 billion by 2022. One
Colombia-based Media incubator ESPACIO announces the launch of Brazil Reports, an up-and-coming English language news source for Brazil, syndicated via Google News and other platforms. Through the acquisition, ESPACIO aims to promote the publication’s growth and to project Brazil’s voice to the wider international community. Brazil Reports was first launched in May 2018 and is led by Sophie
Just like Proust had his madeleines and Salman Rushdie had his pickles, the association of identity, memory and a different time can be related back to the foods that one ate as a child. Which is how Puerto Rican national Nestor Taveras, who had a digital development agency with his brother, decided to open up
In the bustling, hectic and at times overwhelming city of São Paulo, motorbikes are often just about the only form of efficient and fast transport. The ‘motoboy’ community is vast, with services ranging from your weekly supermarket shop, to just about any commodity you can think of available for home delivery. However, given the informal