SStartup Updates

Latamlist Roundup July 16th – July 31th: iFood buys stake in Brazil’s CRMBonus

0
Shares

Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.

Latin America’s startup ecosystem saw a wave of product launches, strategic partnerships, and market shifts over the past two weeks. Fintech companies continued to launch payment solutions and financial infrastructure offerings, while major players like Nubank, Bitso, and Wibond expanded their services.

Launches

  1. Nubank expanded its NuCel offering with the launch of a physical SIM card. Customers in Brazil can now order the chip directly through the NuCel tab in the app. Read more on Nubank
  2. Chilean fintech Global66 added a new feature that allows users to pay Brazilian merchants via PIX. It is the second issuer on the platform after Prex. Read more on Chocale
  3. Wibond launched a Fintech-as-a-Service platform for businesses in Argentina. The Córdoba-based company offers a white-label solution to help firms build financial infrastructure without friction or large investments. Read more on Latamfintech
  4. Scanntech introduced ScannFarma, a tool designed for pharmacies. It automates tasks, improves customer service, and optimizes operations and sales. Read more on El País Uruguay
  5. Fiwind, an Argentine crypto fintech, launched peso-denominated yield products. These provide users with instant liquidity and aim to outperform traditional fixed-term deposits. Read more on iProup
  6. Bitso launched Bitso Onchain, a decentralized exchange (DEX) that simplifies memecoin and DeFi trading. The platform covers gas fees to encourage broader crypto adoption in Latin America. Read more on iProup

Partnerships

  1. Clip, a payments platform and aggregator, has allied with open finance specialist Belvo to strengthen its business credit services. Read more on El Economista
  2. Globant announced a strategic partnership with OpenAI to promote AI adoption in business. They will develop scalable solutions that enhance operational efficiency and drive competitive advantages across sectors. Read more on iProup
  3. Rappi partnered with OpenAI to offer ChatGPT Plus access to Rappi Pro Black users at no additional cost. The agreement gives members access to OpenAI’s most advanced model. Read more on Noticias Neo
  4. EBANX, a fintech company, teamed up with Yape, a digital wallet app, to enable cross-border payments. The integration allows global e-commerce merchants to offer Peruvian consumers seamless access to recurring, stored, and one-click payment options using Yape balances or linked cards. Read more on IBS Intelligence

Updates

  1. Merqueo, a Colombian delivery platform, shut down operations in Colombia after failing to raise the funding needed to overcome financial challenges. Read more on Forbes
  2. iFood, the Brazilian food delivery company, acquired a 20% stake in tech firm CRMBonus. The financial terms of the deal were not disclosed. Read more on Global Banking and Finance
0
0
0

Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.

You May Also Like