Latin America roundup: Neobanks raise $205M+; Softbank backs VTEX

Argentina’s Ualá became the most recent Latin American fintech to receive a growth-stage funding ($150 million) from Asian investors, Tencent and Softbank.  This marks Tencent’s second round of investment in Ualá, the first coming in April 2019. Tencent also invested $180M in Brazil’s leading neobank, Nubank in 2018. With Ualá, Tencent and Softbank will join a […]

VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called VTEX — which originally got its start in Latin America helping companies like Walmart expand their business […]

Latin America Roundup: Uber acquires Cornershop, SoftBank invests in Buser and Olist

Sophia Wood Contributor Sophia Wood is a principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia and the U.S. Sophia is also the co-founder of LatAm List, an English-language Latin American tech news source. More posts by this contributor Latin America Roundup: SoftBank bets on Brazilian unicorns and […]

Latin America roundup: SoftBank bets on Brazilian unicorns and Konfio raises $250M for lending plans

Sophia Wood Contributor Sophia Wood is a Principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia, and the U.S. Sophia is also the co-founder of LatAm List, an English language Latin American tech news source. SoftBank did not let up the flow of capital to Brazil this month, […]