Latin America is the fastest-growing region for startups in the world

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.

In the midst of the wave of brand platforms jumping into the metaverse, Jakarta Fashion Week (JFW) in Indonesia, which is entering its 15th year, will hold its first fashion show in the metaverse.

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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.

CDPI Emerging Markets

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.

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Latin America is the fastest-growing region for startups in the world

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Indonesia’s Jakarta Fashion Week to hold first fashion show in metaverse

Colombian fintech Minka receives US$24M to grow in LatAm

Martech Spending Grows as Percentage of Marketing Budget: CMO Survey