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

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

March 3, 2022

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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Independent Grocer Is First to Deploy Amazon Just Walk Out Technology

December 7, 2022

Here’s a retail story that doesn’t involve a media network – but don’t worry, it does feature Amazon, AI, and Kansas City.  Independent retailer Community Groceries will be the first non-Amazon company to deploy the Amazon One entry gate and Amazon’s Just Walk Out checkout technology.  Amazon One grants entry after reading your palm or credit card, while Just Walk Out tracks what customers put in their cart and charges for it.  O brave new world.

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