The company’s goal is to connect the world’s balances through the web using shared, connected ledgers. The project in Colombia has proven this is possible and has become one of the fastest-growing real-time payments networks in the region, enabling previously slow money to move instantly and with minimal cost. The Bogotá-based company announced the closing of a Series A for US$24 million.
Latin America is the world’s most rapidly growing region when it comes to the funding of startup companies. According to Crunchbase, a leading business information company, venture capital investors poured a record $19.5 billion into startups based in Latin America last year. That was more than triple the amount invested in the region’s startups in 2020 and in just the first two weeks of 2022, Latin American startups pulled in more than $450 million.
Kenyan startup, Phindor has launched a next generation shop assistant system that employs artificial intelligence (AI) to help local businesses digitize record management, data collection and storage.
In a follow-up to their January report, the U.K. Competition and Markets Authority raised the number of concerns they have with Privacy Sandbox to 79. Among other issues, they adopted the privacy concerns raised by another U.K. regulator, the Information Commissioner’s Office. Google’s recent decision to shift third-party cookie deprecation to next year might mean they saw this coming.