LatinAmerica

MercadoLibre Courts Pop Sensation Anitta Following Nubank's Partnership Dissolution

30 days ago

In a strategic move to enhance its brand appeal, MercadoLibre has turned to Brazilian pop icon Anitta after its rival Nubank's recent settlement with the artist concluded. This collaboration aims to leverage Anitta's immense popularity and influence in the Latin American market, particularly within the young consumer demographic that both companies target.

MercadoLibre to Create 28,000 New Jobs Across Latin America in 2025

1 month ago

The major Latin American ecommerce and fintech company, MercadoLibre, has announced ambitious plans to expand its workforce significantly in 2025. The company intends to create a staggering 28,000 new jobs across various countries in the region, marking a considerable investment in the local economies and enhancing its operational capacity.

MercadoLibre Unveils Ambitious $5.8 Billion Investment Plan in Brazil

1 month ago

In a significant move set to reshape the Brazilian e-commerce landscape, MercadoLibre, the leading online marketplace in Latin America, announced a monumental investment of $5.8 billion aimed at fostering growth, enhancing infrastructure, and creating an estimated 14,000 new jobs across the country. This bold initiative underscores MercadoLibre's commitment to bolstering its operations in Brazil, which represents one of its most crucial markets.

3G Capital Founder Roberto Telles Joins $215 Million Investment Round for Brazilian E-commerce Startup Merama

2 months ago

In a significant development within the e-commerce sector, Merama, a high-growth Brazilian startup, has successfully secured a hefty $215 million in a recent funding round. This impressive round comes with the backing of numerous prominent investors, further solidifying Merama's position in the competitive landscape of Latin American e-commerce.

Ualá Secures $66 Million in Series E Funding with Support from Televisa

2 months ago

In a remarkable boost for the fintech landscape, Argentinian financial technology company Ualá has successfully raised $66 million in a follow-on round of Series E funding. This significant influx of capital is bolstered by the backing of Televisa, a major media and telecommunications conglomerate, underscoring increasing investor confidence in the Latin American fintech sector.

Latin American Venture Capital Firms Join Forces: Nazca and Bridge Set to Fundraise $300 Million

2 months ago

In a significant development for the venture capital landscape in Latin America, two prominent investment firms, Nazca Ventures and Bridge, are set to merge their assets, totaling approximately $300 million. This merger positions the newly formed entity to attract investment and support a diverse range of startup ventures across the region.

MercadoLibre's Galperin Cashes Out: $330 Million Share Sale After Record Surge

3 months ago

In a significant financial maneuver, MercadoLibre Inc.'s CEO, Marcos Galperin, has offloaded $330 million worth of shares in the company. This decision comes on the heels of the firm achieving all-time high share prices, marking a notable moment in the e-commerce giant's trajectory.

Brazil’s Supreme Court Fines Rumble and Requires Legal Representation Amidst Contentious Policies

3 months ago

In a significant legal development, Brazil’s Supreme Court has levied a fine against the video-sharing platform Rumble, compelling the company to appoint a legal representative to ensure compliance with the nation’s laws. This ruling marks a pivotal moment in the ongoing dialogue surrounding content moderation, free speech, and the responsibilities of digital platforms within Brazil.

MercadoLibre Delivers Stellar Performance in Record-Breaking Quarter to Close 2024

3 months ago

In a remarkable turn of events, MercadoLibre Inc., the leading e-commerce platform in Latin America, has reported an exceptional financial performance in its latest quarterly results, surpassing analysts' expectations by a considerable margin. The company ended the fiscal year 2024 on a high note, showcasing the strength and resilience of its business model amidst a dynamic market landscape.

Rising Stars: Latin America's Promising Startups Poised to Become Unicorns

3 months ago

In an exciting development for the tech landscape in Latin America, several emerging startups have been identified as strong contenders to join the coveted unicorn club—companies valued at over $1 billion. Among these promising candidates are Blip, Petlove, and Pomelo, which have recently caught the eye of investors and industry experts alike.