Mercado Libre and Kavak boost auto lending

E-commerce giant Mercado Libre and Brazilian unicorn Creditas teamed up to offer credit for car purchases between individuals. This is not the only alliance between large technology companies in LatAm, as the Mexican used-car unicorn Kavak allied with credit institutions in Chile.

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Latin American startup funding fell further In Q1, 2023

May 18, 2023

Funding to Latin American startups plunged in the first quarter of 2023, hitting the lowest point in over two years amid a continued sharp contraction in late-stage dealmaking. Overall, investment in reported seed through growth stage financings in Q1 was down 84% from the year-ago quarter, per Crunchbase data. That puts Central and South America, which just over a year ago ranked as the fastest-growing startup investment region in the world, on the short list for the fastest shrinking.

CDPI Emerging Markets