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Colombia's TuHabi, latest property tech 'unicorn,' touts $200 million funding
MEXICO CITY (Reuters) - Colombia's TuHabi became the country's first property technology "unicorn," or company with a $1 billion valuation, after announcing a fresh $200 million funding round earlier this week.
Delivery app Rappi begins accepting cryptocurrency in Mexico
MEXICO CITY (Reuters) - Colombian delivery app Rappi, which offers on-demand deliveries of food and other goods across Latin America, said on Monday it has launched a cryptocurrency payment pilot program in Mexico.
Fintech Nubank nets $650 million credit line for Mexico, Colombia expansion
MEXICO CITY (Reuters) - Brazil's Nubank, Latin America's most valuable fintech, is fueling its expansion in Mexico and Colombia with the investment of a $650 million line of credit, the digital bank said Monday.
Analysis-Cyber insurers face hefty Ukraine war-related claims, despite fine print
LONDON (Reuters) - Insurers face potential multi-billion dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say.
US tech firms hunt for cheap home-based hires in Latin America
The remote-work revolution has led some US technology companies, from startups to Coinbase Inc and Shopify Inc, to seek new hires in Latin America – where they can find qualified people in roughly the same time zone who’ll work for much lower pay.
Bitcoin use on rise to launder drug money, report says
Drug cartels in Mexico and Colombia are increasingly using cryptocurrencies such as bitcoin to launder money, the UN-linked International Narcotics Control Board (INCB) said on March 10.
Argentine fintech 'unicorn' Uala launches in Colombia amid Latam push
(Reuters) - Argentine digital banking startup Uala announced its launch in Colombia on Thursday, a new frontier for the firm as it expands in Latin America and looks to tap in to the region's millions of unbanked savers.
Insurers run from ransomware cover as losses mount
LONDON (Reuters) - Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove a surge in ransomware attacks that left them smarting from hefty payouts.
Colombian beetles exported to Japan with help from cryptocurrency
TUNJA, Colombia (Reuters) - A Colombian exporter of long-horned beetles, a popular pet for Japanese children, has created its own cryptocurrency to avoid high commissions on international sales.
Brazil's Nubank, last valued at $30 billion, files for U.S. IPO
(Reuters) -Brazilian fintech Nubank, which was valued at $30 billion in a recent funding round led by Warren Buffett's Berkshire Hathaway, has filed for an initial public offering in the United States.
