Kueski, the buy now pay later (BNPL) online consumer lender has completed more than 5 million transactions online and has just announced a US $202 million Series C financing round. The funding will be used to grow the BNPL footprint in Mexico and to build out the product ecosystem for Mexican consumers.
Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, listed on Nasdaq on Dec 2nd following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp (AGC.O). The deal is the world’s biggest ever by a blank-check company and the biggest U.S. listing by a Southeast Asian firm.
KIO Networks, a leading digital infrastructure provider with assets in Mexico, Central America and the Caribbean, will broaden I Squared Capital’s digital infrastructure. To date, I Square Digital has deployed over $3 billion across six investments with assets in 41 countries.
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.