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Peruvian startup Leasy secures $17M in debt, equity to provide auto loans to Latam ride-hailing drivers

Leasy, a startup that offers automobile financing to ride-hailing drivers in Latin America via a subscription model, has secured $2 million in equity and $15 million in debt. They founded Leasy in 2018 with the mission to help people who would like to earn incomes as ride-hailing drivers be able to afford cars, thus earning a steady income. Traditional financial institutions charge outrageous interest rates and require hefty down payments, making it nearly impossible for members of a lower-income population to afford to purchase their own car.

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Riogrande takes in first capital to incubate Latin America’s next local brands

March 3, 2022

Riogrande focuses on brands like home, kitchen and beauty, and after going through Y Combinator, has already taken several brands in the home space from zero to $1 million in revenue in a span of two months. To help the company scale its plan, it took in $12 million in seeding funding in a round led by Y Combinator and Wollef, with participation from individual investors including Arielle Zuckerberg and Justin Mateen.

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SA crypto exchange VALR raises $50M Series B to expand across Africa

March 3, 2022

South African cryptocurrency exchange VALR has raised a US$50 million Series B funding round that values the company at US$240 million and will use the proceeds to expand across the continent. Launched in 2019, VALR is a digital asset platform that allows customers to buy, sell, store and transfer Bitcoin and 60 other cryptocurrencies – the widest selection of any platform in Africa – seamlessly and securely. It has so far processed over US$7.5 billion in trading volume and serves over 250,000 retail customers and 500 institutional clients from across... Read More >

CDPI Emerging Markets