Open finance platform Klavi targets expansion throughout Latin America starting in 2024

Klavi, a Brazilian SaaS platform that offers Open Finance solutions, is getting ready to land in other Latin American countries. The fintech platform has processed more than 450 million transactions and performed more than 4 million connections in more than 30 financial institutions, as well as bureaus, fintechs, and startups. In operation since early 2020, Klavi is capitalized to follow through with its plans. In August last year, it raised a Series A of US$15 million.

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E-commerce startups in Latin America raised US$1.2B in 2022

June 8, 2023

E-commerce startups continue to raise Venture Capital in Latin America which amounted to $1.2B or 15% of total investments in the region for 2022.  It is second to only Fintech according to LAVCA. It makes sense as we have seen several great outcomes such as Mercado Libre ($65B market cap) and Vtex ($800M market cap) being public companies or Cornershop being acquired by UBER for over $3B.

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Helium Health gets US$30M, backed by AXA IM Alts and 23andMe’s Anne Wojcicki

June 8, 2023

Helium Health, the African startup that provides software-as-a-service tools, financing and insights for healthcare providers and public health organizations, has raised $30 million in Series B funding. The news is coming three years after the Lagos-headquartered health tech secured a $10 million Series A and 18 months following a rare Africa-GCC deal involving UAE-based healthcare provider-patient interaction platform Meddy.

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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