Tag: argentina

Overview of Fintech in Latin America: Startups, Funding and Opportunities

Only 11% of Latin Americans have access to credit from formal institutions. In fact, in Chile, 37% of adults have no accounts with a formal financial provider, even though Chile has one of the highest levels of financial inclusion in the region.

In comparison, under 40% of adults in Colombia, Mexico, and Peru have formal bank accounts. However, in one of the most chronically underbanked parts of the world, improvements in financial technology have opened the doors for widespread financial inclusion throughout the Latin America.

More and more people are accessing mobile payments, credit systems, and P2P lending opportunities through recent advances in local fintech, and investors are catching wind of the enormous opportunity.

While there have been considerable advances in financial technology in Latin America in the past five years, many tools are still only available in the countries where they were founded. A report by Oliver Wyman, released in September 2016, provides a snapshot of local fintech players in Chile, Brazil, Mexico, and Colombia.

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Ep 34 Cristobal Perdomo: Venture Capital in Latin America

I asked Cristobal Perdomo to join me on this episode of crossing borders to talk about venture capital in Latin America. Cristobal is one of the founders of Jaguar Ventures, a Latin American based VC firm.

After getting an MBA and consulting for a couple of large companies in Brazil, he realized that the VC world was largely ignoring the rest of LatAm, so he set about to expand funding opportunities for startups in Argentina and Mexico. He shares advice for managing a business in multiple countries, investing in startups across the region and tips for managing teams across borders.

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IncuBAte: Equity Free Startup Grants in Buenos Aires, Argentina

argentina startups

Silicon Valley is no longer the only hotspot for startup activity. Many more startup hotspots are popping up across Latin America, and new programs are not only bringing life to local economies but also helping Latin American entrepreneurs tap into international networks.

I was part of Start-Up Chile’s pilot round in 2010, which was the pioneering equity free accelerator in the world. Chile’s government-backed and equity-free accelerator program is well known for producing a vast network and many startup success stories.

By 2015, Start-Up Chile led to over 1,500 new jobs, its successful graduates raised over $100 million, and the program changed the culture around startups in Chile.

Now, under the direction of executive director Rocío Fonseca, Start-Up Chile offers multiple programs, including The S Factory, designed uniquely for female founders. Through its successes, Start-Up Chile has demonstrated Latin America’s incredible potential and sparked a movement across the region. (more…)

Ep 7: Nora Leary, Launchway Media

Welcome to Crossing Borders with Nathan Lustig, where I interview entrepreneurs doing startups across borders and the people who support them, with a focus on companies that have some relationship to Latin America.

If you’re new to the podcast, be sure to check out Episode 2 with Adrian Fisher, founder of PropertySimple, who went from selling hotdogs to raising $3m and Episode 5, with Devin Baptiste, cofounder of GroupRaise one of the most diverse startups in the world.

My guest today is Nora Leary cofounder and Head of Marketing and Business Development at Launchway Media, a marketing agency that works with global startups launching in the US.

Nora and I talk about her journey from the US to Africa to Latin America, to leaving a job in Latam to starting her own business. Nora lived in Buenos Aires and started her business there with two other female cofounders, and then moved to Medellin to continue to expand the business

We cover cultural difference between doing business in the US and Latin America, what it’s like being a woman in tech in Latin America, practical tips for getting PR in the US, getting into a US accelerator from Latin America, and tools and tricks you need to be successful launching in the US market. And also emojis.

I’ve been working with Nora and her team for a few months now and it was great to finally get to connect outside of a pure business context. I hope you enjoy our conversation.

I’ve had a great time talking with Nora and I hope you enjoy her story as much as I do. If you do, please subscribe on iTunes or Stitcher, leave a rating and tell your friends!

If you have questions, think there’s something I should improve or have recommendations for guests you’d like me to interview, please let me know in the comments!