Patria Investimentos exited Brazilian enterprise resource planning company Supplier through a strategic sale to software company Totvs. The total deal value of the transaction was R$455m. (Brazil Journal) A Totvs…
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FTV Capital, a US-based growth equity firm, made an undisclosed follow-on investment in Brazilian payments processor EBANX at a reported valuation over US$1b. FTV Capital invested US$30m in 2018 with…
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Axon Partners made an undisclosed investment in Billpocket, a Mexican payments fintech. (Press Release) Axon Partners Group, through its Amerigo Ventures Pacífico Fund, invested an undisclosed amount in mobile payments…
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Mexican private equity firm PC Capital announced an initial close of its private equity fund PC Capital Development Fund II. The fund will invest in Latin American companies through equity…
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Kandeo fully exited Grupo Factoring de Occidente (GFO), A Colombia company that offers financing solutions to SMEs, through a sale to Latin Trade Capital, a member of Crecera Capital LLC,…
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Mutuo Financiera, a Mexican vehicle fleet leasing company focused on clean energy passenger transportation, raised US$100m in debt financing from Crayhill Capital Management to expand its fleet. (Press Release) Mutuo…
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SoftBank acquired ~R$1b in shares of Banco Inter, a publicly traded Brazilian digital bank. WSJ reports SoftBank had been in talks with Nubank previously. (Brazil Journal) O Softbank comprou quase…
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Brazilian fintech BTX Digital raised R$10m from RedLions Capital and partnered with Hubchain Technologies. (Tiinside) Desde os primórdios, 6% da sinergia da receita financeira de empresas são deixadas para os…
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Variv Capital and Austrian VC Speedinvest made an undisclosed investment in Bnext, a Spain-based marketplace for financial products. (Press Release) VARIV II invested in Bnext’s latest round. Speedinvest, an Austrian…
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Nubank doubled its valuation to US$4b this year with a US$180m investment from Tencent, representing about a 5% stake in the company. US$90m was a direct investment from Tencent; the other US$90m in equity was purchased from existing shareholders. In March 2018, DST Global led a US$150m round in Nubank at a valuation over US$2b, with participation from Thrive Capital, Dragoneer Investment Group, and existing investors Founders Fund, Redpoint Ventures, Ribbit Capital, and QED Investors. Previous investors include KaszeK Ventures, Sequoia Capital, and Tiger Global Management. Tencent’s last disclosed direct investment in Latin America was a 2017 Series B in Satellogic, an Argentine space exploration platform.
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