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Latin America fintech, ecommerce awash in startup funding

VCs continue to funnel money into the region. Brazil and Mexico, the two largest markets in terms of population and economic activity, have shown the biggest uptick in startup funding. The Association for Private Capital Investment in Latin America (LAVCA), a not-for-profit membership organization, reports that VCs invested $10.3 billion in more than 400 Latin America startups in the first half of 2021, doubling the investment in the same period in 2020. Brazil is home to 53% of Latin-America startups, while Mexico contributes 14%.

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Sendbox raises $1.8M to digitise deliveries for African SMEs

October 21, 2021

Sandbox, the Nigeria-based e-commerce fulfillment platform for merchants in Africa, has announced the completion of a $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments. The new funding will be used to expand the company’s operations in other countries across West Africa, bolster the development of its product range, and hire new talent.

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Amazon Backs Down on Charging Sellers Who Don’t Use Its Fulfillment Services

September 25, 2023

There’s probably no limit to Amazon’s greed – because capitalism – but there are constraints as governments regulate BigTech more aggressively and, just maybe, the free market works its wonders. Amazon cited “seller sentiment related to the fee” in its statement pulling back from its planned 2% fee on sellers who don’t use its Prime fulfillment services.  But looming antitrust cases likely had something to do with it.

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