Latin American e-commerce and fintech giant MercadoLibre reports Q1 revenue up 37% YoY to $5.9B, $494M in net income, and Argentina revenue up 125% YoY to $1.3B
Daniel Cancel / Bloomberg :
Argentina-based neobank Ualá raised an additional $66M for its Series E, after an initial raise of $300M led by Allianz X at a $2.75B valuation in November 2024
Carolina Millan / Bloomberg :
Netflix raises prices in the US, Canada, Portugal, and Argentina; the standard US plan rose from $15.49 to $17.99 and standard with ads jumped a dollar to $7.99
entertainment TV and films. — Now, customers are going to be subsidizing Netflix's push into live events like NFL and WWE, whether they want to or not. … @durrell : I swear to God, these MFs raise t...
Argentina-based Ualá, which offers financial services to 8M users, raised a $300M Series E led by Allianz X at a $2.75B valuation, up from $2.45B in August 2021
- Allianz, Soros, others put $300 million into fintech company — Country's largest startup eyes expansion, eventual IPO
Argentina's Tapi, a payments processor for Latin American consumer platforms like Mercado Pago and crypto exchange Lemon, raised a $22M Series A led by Kaszek
Patrick Gillespie / Bloomberg :
Bitcoin payment service Strike expands to 65 countries, beyond the US, El Salvador, and Argentina, and says it is taking a regulation-first approach in the US
Since starting in 2019, the Bitcoin-powered payments app Strike has aimed to become a global crypto-powered equivalent to Venmo or Cash App.
Mastercard and Binance launch the prepaid Binance Card in Brazil, seeking to “broaden the connection between traditional finance and crypto”, after Argentina
Mastercard Inc (MA.N) and Binance said on Monday they are lauching a prepaid card in Brazil, Latin America's largest economy …
The total value of all cryptocurrencies has gone down by roughly $2T, or two-thirds, since bitcoin hit its all-time high in November 2021
Wall Street Journal : Tweets: @mgsiegler , @hkanji , @imincorrigible , @nefrorantes , @paulvigna , @luciacholakian , @jason , and @briannawu Tweets: M.G. Siegler / @mgsiegler : Nice not-so-subtle Elo...
Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global
Christine Hall / TechCrunch :
Argentina-based ClicOH, which lets sellers across Latin America track shipments in real time via its dashboard, raises a $25M Series A led by Tiger Global
E-commerce is an $85 billion business in Latin America, and as that market is poised to essentially double in three years …