Mexican unicorn Konfío, a fintech that offers credit and financial solutions to small and medium-sized enterprises, received a $10 million loan Citibanamex, the DFC, and the Ford Foundation, to strengthen its offerings to SMEs in financially excluded communities or traditionally underserved communities.
PT GoTo Gojek Tokopedia Tbk, the largest digital ecosystem in Indonesia, announced its financial results for 1Q22 and FY 2021, with a 53% growth in gross revenue.
Argentina-based clicOH is the latest shipping technology company attracting venture capital funding, raising $25 million in Series A funding in a round led by Tiger Global. ClicOH, operates in Argentina, Mexico, Chile and Uruguay, and its proprietary technology enables sellers to track shipments in real time via a dashboard with key indicators and traceability. That demand has enabled clicOH to grow quickly since launching its current business model in 2020.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.