Business Latin America

  LEAFIO AI Retail Solutions Continues Its Global Expansion With Confidence Entering the Latin American Market LEAFIO AI Retail Solutions continues to expand its geographical presence steadily. This time the company opened representative offices in Mexico and Brazil. Source: NewsWires Even the most advanced and expensive ERP system cannot provide a high level of expertise in inventory management. So it's no surprise that LEAFIO's software has generated such genuine interest here." said Alex Medwin, CEO of LEAFIO Inc. LEAFIO AI Retail Solutions, one of the most innovative retail optimization solution providers in the market, continues to expand its geographical presence steadily. This time the company opened its representative offices in two countries of Latin America – Mexico and Brazil. Now there are Spanish and Portuguese-speaking representatives of the company who are rapidly mastering the local market, actively interacting with retailers from different industries

  Tienda Pago Raises $12M to Keep Helping Small Convenience Stores in Peru and Mexico The Women's World Banking Asset Management and IDC Ventures lead a Series B round of financing to promote financial inclusion in Peru and Mexico. Three out of four stores can't afford the stock they need for their clients, and only half of the stores have access to enough credit. Source: PR Newswire Tienda Pago, the leading short-term credits lender based in Peru and Mexico, has announced closing a Series B investment led by the Women's World Banking Asset Management and IDC Ventures for $12 million. Tienda Pago's innovative partnerships, technology, and process have attracted impact investors and traditional VCs. Women's World Banking Asset Management and IDC Ventures led this Series B round of investment in which Alumni Fund contributed as a new investor. Current investors Kaszek, QED, Agrega Partners, Accion Venture Labs, and Oiko Credit also participated in this round.

  Kavak the Mexican ‘unicorn’ startup, to receive US $810 million in debt financing Kavak.com used car company The used-car sales company isn't yet profitable, but claims it now will be within six months. Kavak, which runs online used-car marketplaces in seven countries, said Tuesday that it had secured $675 million in funding from the bank HSBC. Source: Mexico News Daily The used-car company aims to lower barriers to loans in Latin America, where only 1.5 in 10 people own a vehicle Mexico’s first “unicorn” company – a startup valued at more than US $1 billion – has secured US $810 million in additional funding Kavak – Latin America’s largest unlisted company – previously announced that it had reached credit line deals with Goldman Sachs and Santander bank for US $100 million and US $35 million, respectively. The HSBC financing will allow Kavak to increase its car loan offerings, while the funds provided by Goldman Sachs and Santander are for business development and to

Business Latin America: Greenberg Traurig Expands Latin America Practice by Adding Mexico Firm The additions come after high-level defections from Greenberg Traurig's Latin American corporate practice in Miami. Greenberg Traurig expanded its Latin America practice by adding a shareholder and four associates to its Mexico City office as a growing number of independent firms in the region seek global partners. Rodrigo Orozco Waters, founder of Orozco Waters Abogados, joins the Greenberg Traurig corporate group as a shareholder. He brings with him four associates: Víctor Felipe Callarisa Rivera, Alfonso Malagón Lozano, Edgar Fernando Orozco Ceballos and José Manuel López Castro. The additions expand Greenberg Traurig’s project finance capabilities as the Mexican government is slashing the federal budget and pushing ahead on ambitious infrastructure projects, such as a train through the Yucatán Peninsula. Public-private partnerships could fill some of the anticipate

Xiaomi launches in North America via Mexico Chinese smartphone superstar Xiaomi has just set up shop for the first time in North America . But, no, it isn’t in the US . True to its word, it isn’t yet ready to dive head-on into the US market. Instead, it is bringing its Redmi 4X and Redmi Note 4 smartphones to Mexico, aiming for a market where its blend of mid-range specs and dirt cheap price can better work its magic than in major markets like the US. One can’t really blame Xiaomi for picking its battles. It’s a cutthroat market and butting heads with the likes of Samsung and Apple in their own strongholds might be too much a risk even for the likes of Xiaomi. In emerging markets like Mexico , however, the giants have less of a hold due to their steep prices. Appropriately, Xiaomi didn’t launch its newly unveiled Xiaomi Mi 6 in Mexico either. The price tag on that flagship would have probably made Mexican consumers balk. What it is making available, instead, are the