This the story of one regulator, the Brazilian Central Bank, and how it has taken center stage in creating a framework that will have far-reaching effects on merchants and fintechs in Brazil.
As its startup market accelerates, Brazil could be in for an IPO bonanza
“There are many high-quality tech companies being built in Brazil with very experienced management teams and very exciting stories that will capture the hearts and wallets of Brazilian … investors.”
Brazil’s Nuvemshop raises $500M at a $3.1B valuation months after last raise
Just five months after raising $90 million, Brazil’s Nuvemshop announced today it has raised $500 million in a round co-led by Insight Partners and Tiger Global Management. The financing values Nuvemshop — which some say is Latin America’s answer to Shopify — at $3.1 billion, and brings the São Paulo-based startup’s total funding in the […]
Brazilian singer turned congresswoman held over husband’s murder
Flordelis dos Santos de Souza arrested in Rio after losing protection of parliamentary privilegeThe Brazilian gospel star turned congresswoman accused of masterminding the murder of her preacher husband has been arrested after she was expelled from con…
Brazil edge Spain in men’s Olympic football final thanks to Malcom’s magic
Brazil 2-1 Spain after extra timeSubstitute Malcom scores winner as Brazil defend titleAs the final whistle blew at the end of 120 airless minutes, after six games in 17 days, and at the end of an 11-month season with barely a caesura of rest, the play…
Brazilian digital auto marketplace InstaCarro revs up with $23M in funding
InstaCarro, a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding. Notably, U.S.-based firms co-led the investment, including J Ventures, FJ Labs and Rise Capital. Spain’s All Iron Ventures and Big Sur also participated in the financing, among others. With the latest […]
The Fever review – dreamy film about an indigenous Brazilian’s alienation
Maya Da-Rin’s subtle, poetic debut about a man with a mysterious fever engages with the hidden lives of the Desana people of BrazilHere is a mysterious and opaque movie, a feature debut from 42-year-old Brazilian artist and film-maker Maya Da-Rin. It d…
Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America
Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities and has over 600,000 users.
Joshua Kushner’s Thrive Capital leads $20M investment in Brazilian healthcare startup Pipo Saude
The company’s business boomed amid the pandemic. In January 2020, it had two corporate clients. By December of the same year, it had around 70.
London court reopens $7bn Brazil dam collapse lawsuit against BHP
Six years after deadly Fundao dam rupture, lawsuit against Anglo-Australian mining giant proclaimed as ‘an opportunity for real justice’ London’s court of appeal made a U-turn on Tuesday by agreeing to reopen a US$7bn lawsuit by 200,000 claimants agai…