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Latin America Tech Booms As Brazil Dominates And Regional Investors Grow

CB Insights

Investors from around the globe are flocking to Latin America — within the first half of 2018, deep-pocketed investors like Andreessen Horowitz, Sequoia Capital, and DST Global have backed startups in the region. in funding since 2012. Since 2012, investments into the region have nearly tripled. Amount ($M).

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Careem To Launch Food Delivery Service, Complete $500M Funding Round

PYMNTS

We believe the opportunity for deliveries in the region is even bigger than ride-hailing,” Chief Executive Mudassir Sheikha told Reuters. “It Careem Now will be separate from Careem’s ride-hailing operation and have its own app and call center. Careem has operated in 120 cities and 15 Middle East countries since its 2012 launch.

Regional 129
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In China, Food (Delivery) For Thought

PYMNTS

The departure marks a relatively quick exit from China, where Delivery Hero opened up shop in 2012, with initial presence in Shanghai and an expansion effort that ultimately spread to 19 cities across the country. What about capital flowing into the region, from investors? Separately, Ele.me has Alibaba at its back, with a $1.2

Capital 100
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Here Are The Asian Smartphone Upstarts Gunning To Displace Apple, Samsung, And Huawei In The Region

CB Insights

Founder Lei Jun has compared the company’s strategy to Walmart, explaining that Xiaomi’s focus is to operate an entire ecosystem of goods. In second place was Xiaomi, which has made major inroads in the region with its low-cost smartphones. With its headquarters in Noida, India, XOLO launched its first smartphone in 2012.

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Signal Media’s AI Reads The News

PYMNTS

The rental firm operates across websites and mobile apps and offers users short- and longer-term car leasing. Yello O2O, a business services company that operates as part of the country’s Yello Mobile, received $20.8 million from Q Capital Partners, which will be slated for health care and other verticals served by the company.

Examples 101
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Tech Center: Dubai Takes A Front Row Seat To FinTech Growth

PYMNTS

The city is able to attract investors due to its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies. As of 2012, Dubai was the 22nd most expensive city in the world and the most expensive city in the Middle East. 2016, the inflation rate was 0.12

Fintech 100
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COVID-19 Briefing: Pandemics, Natural Disasters and Banks’ Balance Sheets

BankUnderground

Banks active in the disaster area after hurricane Katrina hit, increased their capital ratios by reducing risk-weighted assets. Only stand-alone banks, especially those with already high capital ratios, behaved this way. Those part of a bank holding company did not. The importance of local lenders. Financing credit demand shocks.

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