Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.
Fintechs, mobility startups, and retail tech companies took the spotlight in the second half of May, with activity in countries such as Chile, Colombia, Mexico, Peru, and Venezuela. Here are the launches, partnerships, and expansions we saw over the last two weeks.
Launches
- Mercado Pago launched Melicoin, a stablecoin pegged to the US Dollar. Read more on Chocale.
- Mobility startup inDrive partnered with Mexican fintech R2 to launch inDrive Money in Peru, a product that offers loans to drivers registered on inDrive’s platform. Read more on El Comercio.
- Venezuelan fintech Cashea announced that it now allows users to buy motorcycles using a “Buy Now, Pay Later” option with flexible payment terms. Read more on 2001.
Partnerships
- Colombian fintech Liquitech partnered with Colombian fintech Kredit Plus to offer more funding and reach more businesses in Colombia, helping them get paid faster by turning unpaid invoices into cash through a simple online process. Read more on Startups Latam.
- OXXO and Nu México partnered up to offer Nu customers the possibility of depositing cash in OXXO locations in Mexico. Read more on Mundo Executivo.
- Chilean retailtech OK to Shop partnered with food company Carozzi to give customers accurate, up-to-date product information in supermarkets and traditional stores via a QR code. Read more on Prenda Digital.
Expansions
- Mobility startup Flix announced its expansion to Mexico, transporting passengers within Mexico and to the US and Canada. Read more on PR Newswire.
