Brazil-based 
digital bank Nubank recently raised USD 500 million from US-based holding company Berkshire Hathaway to help Nubank: (1) strengthen its management team with additional hires; (2)
Tag: Mexico
MICROCAPITAL BRIEF: Banverde of Mexico Raises $57m for Rooftop Solar Power from CIFI, Banverde Activos, WRB Serra Partners
Corporación Interamericana para el Financiamiento de Infraestructura (CIFI), a Panama-based financier of privately owned infrastructure projects in Latin America and the Caribbean, recently led a round of funding for Banverde, a private equity fund in Mexico that finances the installation of rooftop solar panels. The funding round totaled USD 57 million, with unspecified levels of funding invested by CIFI and
MICROCAPITAL BRIEF: Latinia Invests in Fintech Ábaco, Microlender in Colombia, Mexico
Spain-based software vendor and financial technology (fintech) investor Latinia recently announced it has invested an unspecified amount of funds in Ábaco, a fintech active in Colombia and Mexico. Based in Colombia, Ábaco makes lending decisions using software that “identifies the behavior of delivery platform workers and freela
MICROCAPITAL BRIEF: Mexico, Morocco Report Increases in Remittances Despite Dire Predictions Due to COVID-19 Pandemic
Residents of Mexico and Morocco received more in remittances from family members living abroad during most of 2020 versus 2019. This despite predictions from sources including the World Bank that the COVID-19 pandemic would cause global remittances to decrease 20 percent “due to a fall in the wages and emplo
MICROCAPITAL BRIEF: E-lending Company Creditas of Brazil Raises $225m in Equity, Eyeing Expansion to Mexico
Creditas, an online lending platform in Brazil, recently raised USD 225 million in equity, valuing the firm at approximately USD 1.75 billion. Among its plans for the new funds is
MICROCAPITAL BRIEF: Capria Investing $61m in Adobe Capital of Mexico, Fen Ventures of Chile After Raising $100m to Provide Finance, Networking Support to SME Funds
Capria Ventures, a US-based provider of financial and non-financial support to funders of “small and mid-sized social ventures,” recently completed its second funding round, raising USD 100 million. Capria also recently invested in Mexico-based
MICROFINANCE EVENT: Foro Latinoamericano de Inversión de Impacto (Latin American Impact Investing Forum); February 19-21, 2019; Merida, Mexico
This forum will host conversations among representatives of organizations that partake in and advocate for entrepreneurship in Latin America in general, and especially those focused on impact investing, a term that refers to investing with the dual aims of
MICROFINANCE EVENT: Aspen Network of Development Entrepreneurs (ANDE) Presents “Metrics from the Ground Up;” February 18 – 19, 2019; Merida, Mexico
Metrics from the Ground Up focuses on measuring the impact of small and growing businesses (SGBs) and developing strategies to increase that impact. Its organizer, the Aspen Network of Development Entrepreneurs (ANDE), is an adoption partner of the