Rounds of the Week: Fintech Sector Continues to Dominate Early-Stag...
Summary
The real estate industry is very traditional, and transactions are still very manual, in the sense that they require many documents. And, historically, it is a process in which a number of agents participate in the sale and purchase, while digitization of that process has been a big challenge, in addition to the lack of financial education among the population, Tom\xe1s Denecken (Chief Investment Officer) told Bloomberg L\xednea.As of 2019, and as a result of the proptech boom, the Chilean startup has grown 100% and currently has an active community of more than 500,000 customers. The startup offers a restaurant operating system and software to manage tables, deliveries, and financials, a similar business to that operated by Brazils ZAK (which has been facing a tough financial situation of late) and Colombias Pirpos seek to capture.About to complete one year of operations in the Brazilian market, Investo, a fund manager specializing in exchange traded funds (ETFs) in Brazil, has announced a new $8 million round. Among the main investors is US-based Van Eck Associates Corporation.Pomelo, an Argentina-based fintech that enables companies to offer their own financial services in Latin America, announced a new investment of $15 million, extending its Series A round to a total of $50 million, and increasing its valuation by 50%.A platform for integrating systems, Brazils Fluid announced it has raised 3.3 million reais ($635,923) in a round led by Brazilian early-stage venture capital firm DOMO Invest, with participation from URCA Angels.The capital is made up of an earlier S$600,000 pre-seed round and a $3 million extension led by Tiger Global Management and included Y Combinator, Soma Capital, SV Angel, and a group of angel investors, including Dropbox co-founder Arash Ferdowsi and Vercel founder Guillermo Rauch.Rebill CEO Nahuel Candia had the initial idea for Rebill in 2018 when he was consulting for an insurance company in Argentina. Rebill was part of Y Combinators Winter 2022 cohort.At Loads, we accompany the grower from the sowing of the seed to the arrival in new markets, explains founder and CEO Larry Gil B., who has worked at the unicorn for over a decade, and who previously worked for Chilean unicorn Betterfly.