Latin America retail media advertising trends 2023

Latin America’s US$1 billion retail media market boasts some of the highest return on ad spending in the world. Amid worsening economic conditions, marketers are turning to retailers to deliver performance advertising and results at scale. Flush with data and innovative ad formats, several retail media frontrunners are already emerging—and revolutionizing the ad industry as we know it.

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Former Fave execs launch pre-seed fund to support consumer-focused startups in Southeast Asia

July 6, 2023

Former Fave Execs Joel Neoh and Audra Pakalnyte have launched First Move, a founder-led early-stage fund, to empower consumer-focused startups across Southeast Asia. First Move said that the fund sets the bar high with its commitment to accelerate the success of early-stage consumer ventures. The fund provides vital pre-seed funding of up to US$100,000 and has a current portfolio of seven companies spanning Singapore, Malaysia, and Indonesia.

CDPI Emerging Markets
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Chile’s Shinkansen closes a US$3M investment round

July 6, 2023

Shinkansen, the Chilean fintech startup, has closed a seed investment round of US$3 million led by ALLVP, a Mexican venture capital firm. The investment aims to support Shinkansen’s expansion into Mexico, Peru, and other parts of Latin America. Shinkansen aims to provide a solution for fast money transfer and transactions in the banking and fintech sectors. The company offers a unique and simple API integration that facilitates money movement in the fragmented Latin American market.

CDPI Emerging Markets
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Microsoft Lets Publishers Block Bing Chat Separately from Bing Search

September 26, 2023

Nearly one-third of major news publishers have blocked generative AI tools from reading their content.   But that’s a drastic measure which could also exclude their results from conventional search engines.  Microsoft has just given publishers the option to block access by Bing Chat without also removing their content from search results.  We’ll see if competitors do the same.

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