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Posts Tagged ‘brazil’

Brazilian unicorn Ebanx will hit $2 billion in payments processed by the end of the year

Ebanx, the newly minted Brazilian financial services unicorn, expects to process $2 billion in payments by the end of the year and is looking to expand its offerings into domestic payments as it grows. Since its launch in 2012, Ebanx has primarily focused on helping international merchants sell locally in Brazil. The Brazilian business accounts ...

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

SoftBank did not let up the flow of capital to Brazil this month, staying busy despite the WeWork debacle. With two more $100 million-plus rounds in QuintoAndar and MadeiraMadeira, the Japanese investor has funded at least one more unicorn in the Brazilian ecosystem. Their investments in Brazil from the past two months alone far outstrip ...

The emergence of super apps in Latin America

Because of its vast population distributed in more or less similar countries regarding language, culture and religion, Latin America is an especially compelling region for the emergence of super apps. ...

Pressed about Amazon deforestation, Bolsonaro proposes only ******** on alternate days to remediate climate change

Torture apologist/homophobe/racist Jair Bolsonaro -- whose successful election to the Brazilian presidency was the result of a conspiracy among the wealthy and senior prosecutors and judges, who subverted the justice system in order to ensure that his rival was kept off the ballot -- has presided over record-breaking Amazon deforestation.

The deforestation was revealed by ...

Brazil prisoner who almost escaped in ‘teen girl’ disguise is found hanged to death

A Brazilian prison inmate whose attempt to escape jail dressed as his own teen daughter went internet-viral has been found dead in his cell of an apparent hanging.

Rio de Janeiro state authorities reported on Tuesday that Clauvino da Silva, 42, hung himself with a bedsheet.

The convicted Rio drug dealer was serving a decades-long sentence ...

Fintech decacorn Nubank raises $400m led by TCV

Another day, another mega round for a fintech startup. And this one is mega mega. Brazil-based Nubank, which offers a suite of banking and financial services for Brazilian consumers, announced today that it has raised a $400 million Series F round of venture capital led by Woody Marshall of TCV, the growth-stage fund best known ...

That video of a drone shooting fireworks into a crowd is not what it seems

07.16.2019 · Posted in Technology Articles

Have you seen the video of someone who appears to use a drone to launch fireworks into a partying crowd in Brazil? Well, it's not exactly what it claims to be. The video, which has been circulating on Reddit in recent days, has a title which loosely ... ...

Fintech in Latin America continues to draw big dollars as Softbank invests $231 million in Creditas

As investors continue to move more aggressively into Latin America’s startup scene, there’s one industry that seems to be drawing more attention than any others — financial services. As wealth across the region continues to rise, access to adequate financial services — specifically debt — has become a pain-point for an upwardly mobile middle class ...

Uber CTO says competing with Didi is ‘very healthy’ despite their complicated relationship

Competing with a company that counts you as an investor is hardly conventional — some might call it strange — but for Uber it’s a situation that is not only normal but essential. That’s according to the ride-hailing giant’s CTO, Thuan Pham, who talked about the complicated rivalry Uber has with China’s Didi Chuxing, which ...

Crisis for Bolsonaro’s justice minister Sergio Moro after leaks reveal that he targeted Lulu for political prosecution

Sergio Moro was once the darling of the international press, lauded for his role as the judge in Brazil's Operation Carwash anti-corruption prosecutions, which saw public accusations against the country's most powerful people, from billionaire oligarchs to Dilma Rousseff, the successor to Luiz Inácio Lula da Silva (who had been term-limited out of office after ...