LatAm ICT financing, investment watch
Decentralized credit marketplace Credix raised US$11.5mn in a series A funding round led by US funds Motive Partners and ParaFi Capital to boost products and growth in Latin America.
The company connects investors such as banks and hedge funds with credit fintechs and non-bank lenders in emerging markets who are looking to raise capital.
Resources will be used mostly for platform development, hiring and integration with other Web3 projects, as well as to expand beyond Brazil, where its operations are currently concentrated.
Founded in 2021 by crypto and blockchain professionals, Credix enables quality loan originators globally to access previously untapped capital in a matter of days via a digital and regulatory compliant platform.
Proceeds will go “to expand efforts to meet businesses' demand for innovative payments solutions and improve financial access for Mexican businesses and consumers,” the company said in a statement.
Clip said that over 75% of its merchants transacted with cash only before joining its system.
The new credit facility follows the launch of new products in May. Those new products included three point-of-sale terminals – Clip Mini, Clip Pro 2 and Clip Stand – two hardware accessories – Clip Cashbox and Clip Printer – and three remote payments software features – QR Code, Payment Link and URL Link.
Uruguay is selecting local startups to participate in the new edition of Korea-LAC Startup Pitch Day, which is part of the Korea-LAC Business Summit, to be held September 29-30 in Seoul, South Korea.
Startups in the technology field that aim to expand their business into the Asian market and have attracted a series A investment or higher may apply, IT chamber Cuti reported.
For this program, the country’s export promotion agency is seeking mainly companies that have developed business ties with South Korean firms or that already have JVs, distribution channel partners, technology partners, among others.
It also seeks companies in the digital transformation and digital cities, ESG and climate technology sectors, as well as companies led or (co)founded by women.
Details are available here, in Spanish.
Argentine-based fintech Rebill, which offers payments orchestration and a recurring billing platform for companies, raised US$3.6mn in two early-stage rounds to expand in Latin America.
Currently, Rebill provides solutions to mid-sized and large companies in Mexico, Colombia, Argentina, Chile, Peru and Uruguay, and accepts payments in 15 currencies.
Rebill also aims to raise a series A round in 2023 and expand its operation with local offices in the main countries of the region.
Brazil’s Pernambuco state invested 3.2mn reais (US$611,000) in an Autodesk BIM (building information modeling) software to modernize its infrastructure works and projects.
BIM is a standard platform typically used for engineering and architecture projects.
The initiative, led by infrastructure and water resources department Seinfra, began in February this year and is aimed at the modernization of the planning, monitoring and control stages of road, air and water projects.
The implementation of the BIM methodology complies with federal decrees, which establish its use in the direct or indirect execution of engineering works and services performed by public bodies.
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