Tag: latin america

Komal Dadlani, Lab4U: Turning Smartphones in Science Labs, Ep 63

From a very young age, Komal Dadlani has wanted to make a difference in the world. After studying the careers of people who had changed the world – Albert Einstein, Marie Curie, Pablo Valenzuela – Komal realized that she wanted to be a scientist, specifically a biochemist. Studying science in Chile is not easy; up to 88% of schools don’t have lab equipment, and even those that do are not using it. This struggle inspired Komal to cofound Lab4U, a company that democratizes science by turning smartphones into scientific experiment devices. Komal has grown Lab4U across Chile, the US, and […]

How to Pay Bills Across Latin America: Problems and Opportunities

You would think that in 2018 you could pay almost any bill online. But that’s not the case in many Latin American countries, although the process is becoming easier. While companies such as Xoom, Multicaja, and Nequi are streamlining online payments in Mexico, Chile, and Colombia, respectively, many people still find themselves queuing up in three-hour lines to pay their utilities, credit cards and other bills every month. One expat in Mexico explained how he used five different payment methods for his electric bills over ten months because the rules changed each time. So how do people keep track of […]

An Overview of the Insurtech Industry in Latin America

The insurtech industry worldwide received over US$2.3B in investment in 2017, a 36% increase from the year before. From 2014 to 2017, the Latin American share of the insurtech market grew from 1% to 7.6%, and the number of insurtech startups increased by 114% in 2017. This uptick is logical as insurance plays a vital role in stabilizing emerging economies and minimizing risk. Latin America is underinsured, despite steadily growing incomes over the past two decades. Currently, insurance penetration, calculated as the ratio between insurance premiums written and GDP, hovers between 2-4% across the region compared to 6.2% globally and 7.3% in the US, […]

Latin American Shipping: Opportunities for Startups

In 2014, the US government launched an initiative called “Look South” to show companies in the United States the benefits of shipping to the Latin American market. Despite numerous trade agreements between Latin America and the US, 58% of US companies at the time were exporting to only one other country: Canada or Mexico. Latin America is a close US trading partner, yet the complicated shipping logistics in most Latin American countries – whether by air, water, or overland – are hurting the region’s supply chain. The challenge of automating and streamlining shipping logistics in Latin America is becoming more […]