📊 INFOGRAPHIC
In the face of inflation, high-interest rates and the threat of a recession, what's next for Latin America in 2023?
This is what data from the International Monetary Fund says:
👉 Check out the Bloomberg Línea data from the International Monetary Fund here
📰 ARTICLE
As digital transaction trends accelerate, financial firms must stay one step ahead to ensure security and prevent fraud.
In Latin America, the annual cost of cybercrime mounts up to $90 billion USD so it’s no surprise that companies are increasingly supporting digital tools that verify customer identity quickly and efficiently.
👉 Read the full Jumio article by Marianela Pasquadibisceglie here
📰 ARTICLE
About a year ago, Nubank debuted on the New York Stock Exchange and wrote a new chapter in Latin America's startup ecosystem history.
The digital bank not only raised US$ 2,8B, but the IPO was also the largest dually-listed IPO globally since 2012, being the first IPO in the US with a simultaneous listing in Brazil. Fede Sandler had the opportunity to be a part of the team leading Nubank's IPO, as the company's Investor Relations Officer.
👉 Read the whole Latitud article here
👨💻 BLOG
The term “super app” has been tossed around the tech world for quite some time now, with Blackberry founder Mike Lazaridis being one of the first to define the term at the 2010 Mobile World Congress.
👉 Read the full Super Apps story by Timothy Motte here
💡INSIGHTS
Digital payments took center stage at the FIFA World Cup Qatar 2022.
Visa spend data at FIFA venues found that by value, fans spent 300% more at Qatar 2022 than at the 2014 FIFA World Cup. Fans also embraced tap-to-pay at FIFA venues, where over 5,300 payment terminals were deployed.
👉 Check the whole information here
🧐 ANALYSIS
Argentina’s startup scene is small, scrappy, and sometimes very successful.
Now, by global and even regional standards, Argentina is not a particularly large recipient of venture capital. Companies there raised just over $250 million in known seed and venture funding this year, per Crunchbase data. Unless there’s some end-of-year surprise, venture funding will likely be down about 60% year over year.
👉Read the full Crunchbase article by Joanna Glasner here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Brazil’s former F1 race driver Rubens Barrichello becomes a startup investor. Link here
⭐️ Paraguay is a South American country in which more people continue to use cash. Link here
BRAZIL
Brazil’s former F1 race driver Rubens Barrichello becomes a startup investor. Barrichello became a partner in the FTRM group, a holding company that owns several companies, including Futurum Capital. Link here
PARAGUAY
Paraguay is a South American country in which more people continue to use cash, followed by Argentina, according to a private sector survey on payment-method preferences in Argentina, Chile, Paraguay and Uruguay. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.