Nubank obtains US$150M loan to strengthen its presence in Colombia

Brazil based Nubank, Latin America’s largest fintech aims to consolidate its growth in Colombia, where it has already issued 400,000 cards, with financing from the International Finance Corporation (IFC). Since 2020, is the third country in LatAm where this fintech operates, which previously opened in Mexico (2019) and Brazil (2013), with more than 70 million customers. Greater financial inclusion is a must for economic growth, and digital banking will play a key role in meeting the needs of underbanked and unbanked retail customers in Colombia.

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The intelligence behind Runway

January 26, 2023

Startup Runway announced the closing of a $50 million investment round, in which it was valued at $500 million. As important as the amount was the fund that led the financing, Felicis, a Californian VC, behind several companies that, after its backing, have become unicorns. Runway is a platform created by two Chileans and a Greek and today is at the forefront of the area. It’s one of the startups revolutionizing the ways we make videos, images, and texts thanks to AI.

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One-Third of Marketers Will Buy a CDP This Year: Optimove Survey

May 31, 2023

Just over one-third of marketers plan to either buy a new CDP (21%) or replace an existing one (13%) this year, according to this Optimove survey. Unfortunately, it doesn’t report how many have a CDP already in place, which would put the other values in perspective. It does seem that CDPs are a relatively low priority: they rank sixth on the list of new systems and eighth on the list of systems to replace.

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