Baubap offers micro loans ranging from $500 to 5,000 Mexican pesos (US$25 to US$258) through an Android-compatible mobile app. The company says it uses alternative data and a proprietary AI system to assess the likelihood of repayment. It has granted loans to 500 thousand people and expects to exceed 1.5 million in 2023.
Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. Atria was founded in 2022 as a disruptive startup that is revolutionizing the pre-owned market by offering simple, transparent, and agile loans. Atria’s proposal is backed by a team that has in-depth knowledge of the sector and expertise in loans, risk management, analysis, and technology.
Orda, a Nigerian food tech platform that provides a cloud-based restaurant operating system for small, independent restaurants, is announcing that it has secured a $3.4 million seed investment. The two-year-old startup raised $1.1 million in pre-seed funding this January, bringing its total funding raised this year to $4.5 million.
T-Mobile will allow advertisers to target more than 20,000 screens in 11,000 store locations. That’s a lot of screens, but how much foot traffic does the average T-Mobile store get? It’s also linking up with streaming media company Plex as a CTV partner.