Wildlife becomes a unicorn Sophia is also the co founder of LatAm List, an English language Latin American tech news source. cover iphone 8 plus More posts by this contributor Latin America roundup: Neobanks raise $205M+; Softbank backs VTEXLatin America Roundup: Uber acquires Cornershop, SoftBank invests in Buser and Olist December has been a strong month coque samsung galaxy j3 mininthbox for Brazilian startups, bringing a big IPO and a new unicorn for local companies. Stock Exchange in mid December, coque huawei p20 lite velo raising $1.81 billion in the fourth largest IPO of 2019. XP’s stock price jumped 30% on its first day of trading, from $27 per share to $34.50. XP was founded coque samsung a5 2017 mate in 2001 to provide brokerage training classes to Brazilians to help them invest in the international stock market. coque huawei Today, it is a full service brokerage firm, providing fund management and distribution to more than 1.5 million customers in Brazil. coque iphone Notably, XP has outlined a strategy for beating Brazilian banks, among the most profitable in the world, coque samsung galaxy grand plus silicone 3d in its 354 page report to the SEC. Brazil’s banking market coque iphone 4 style is highly concentrated, with the top five players coque spigen pour huawei p20 lite dominating 93% of market share. This concentration coque iphone 6s rabat has led to significant inefficiencies that XP tries to disrupt by offering a variety of financial products through an accessible online platform. The heavy bureaucracy of these banks will prevent them from innovating quickly enough to compete with newer institutions like XP, whose debt products are attractive to frustrated Brazilian customers. coque iphone The inefficiency of the Brazilian financial system has opened opportunities for companies like XP, or neobank Nubank, to coque huawei p20 lite 3d ecran rapidly attract customers who are disgruntled with the traditional system. iphone 11 pro hoesje Gaming startup Wildlife becomes a unicornBrazil has seen a new coque iphone 6 xdoria unicorn emerge almost every month this year, and December was no exception. custodia ipod cover or Europe to hit a $1 billion plus valuation in such an early round. Wildlife has created more than coque iphone 5c sport 60 games since 2011, including Zooba and Tennis Clash, which have both reached global acclaim. Founded by brothers Victor and Arthur Lazarte, Wildlife operates on a freemium model that only charges users for in app purchases. coque iphone They plan to use the funding to double their employee base coque iphone 5c bumper and grow to $2 billion in 2020, continuing the 80% yearly growth they have seen since 2011. Mexico’s lender Konfio receives $100 million from SoftBankKonfio provides small business loans in Mexico through an online platform coque samsung galaxy core plus licorne to help SMEs gain liquidity and grow their operations. These small businesses are often overlooked by banks in Mexico and Latin America, which do not know how to price risk for businesses that process less than $10 million per year. Konfio recently raised $100 million from SoftBank’s Innovation Fund, the third investment that SoftBank coque iphone 6 disney silicone has coque huawei p20 lite avec dessin made coque samsung galaxy note 2 paillettes into Mexico since launching the fund. The capital will go toward financing working capital loans, as well as creating new aliexpress coque iphone 6s products for Konfio’s customers. custodia iphone cover Today, Konfio’s loans average around $12,000, coque iphone 5 souple while banks still struggle to loan less than $40,000. The tech driven platform allows Konfio to disburse loans within 24 hours without requiring collateral. Small business lending is a tremendous opportunity in Latin America, where banks are among the most profitable and the least competitive in the world. Brazil’s Creditas and Colombia’s OmniBnk are among the other startups providing innovative products that calculate risk more effectively than banks in Latin America’s complex lending environment. Albo, Mexico’s leading neobank, raises $19 million In an extension of a Series A round, Mexico’s albo raised a further $19 million from Valar Ventures to bring coque samsung s9 360 their newest round to $26.4 million in total. Albo previously raised $7.4 million from Mountain Nazca, Omidyar Network and Greyhound Capital in January 2019. Albo’s mission is to provide banking services to unbanked and underbanked clients in Mexico. More than half of albo’s customers claim that albo was their first ever bank account. Founded by Angel Sahagun in 2016, albo quickly became Mexico’s largest neobank, serving more than 200,000 customers and sending out thousands of new cards every day. cover iphone 7 The investment from Valar Ventures, founded by Peter Thiel (also an investor in N26 and TransferWise), is a vote of confidence for this Mexican fintech. Albo has also previously received investment from Arkfund, Magma Partners and Mexican angels. Albo plans to use the capital to develop new products, including savings and credit services, in the coming year. Mexico will likely be a battleground for Latin American neobanks in 2020, as Klar, Nubank and potentially Argentina’s Uala will begin to grow in the region’s coque samsung verre second largest market. iphone xr hoesje While there is room for several competitive neobanks to thrive in Mexico, this industry will be one to watch in 2020. coque iphone News and Notes: Mercado Credito, Mimic, Rebel and RappiGoldman Sachs loaned $125 million to MercadoLibre to continue developing their credit product, MercadoCredito. MercadoLibre will use the capital to triple its $100 million debt facility for small business loans in Mexico. bijoux personnalise To date, MercadoCredito has loaned more than $610 million to 270,000 businesses around the region in Mexico, Brazil and Argentina. cover iphone 8 Brazilian cloud kitchen startup Mimic raised $9 millionin a seed round led by Monashees to develop a more efficient food delivery model in Brazil. Mimic will exclusively manage the logistics of “dark kitchens,” which exist only for delivery and have no sit down facilities, saving time and money for clients. Mimic will use coque huawei p20 souple the investment to grow its team. An coque iphone x ultra fine early stage online lending startup in Brazil, Rebel, recently raised $10 millionfrom Monashees and Fintech Collective to provide unsecured loans to middle class Brazilians at affordable rates. Rebel has lowered rates to coque samsung galaxy s6 pasteque around 2.9% per month, compared to 40 400% at Brazil’s largest banks. The startup uses a proprietary algorithm to calculate risk for clients and provide loans rapidly through its online platform. Colombia’s Rappi recently announced an expansion into Ecuador, where it has rapidly reached coque huawei p20 lite lakers 100,000 users between Quito and Guayaquil, the country’s coque samsung j3 harley quinn two largest cities.