PedidosYa acquires Glovo’s operations in Chile, redefines targets
Contxto – Following Glovo’s exit from the Chilean market last week, it now appears that PedidosYa will be filling the void. That’s to say, the Uruguayan startup plans to absorb the Spanish company’s...
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Meitre lands US$1.6 million seed round from Andreessen Horowitz
Contxto – Expansion. That’s what the Meitre founders had in mind before pitching (and landing) a US$1.6 million investment from Andreessen Horowitz, the renowned Silicon Valley venture capital firm....
View ArticleProtests erupt in Uruguay over national 5G network
Contxto – As reported recently, Uruguay was the first country in Latin America to install a commercial 5G network. Despite making history, protests recently erupted in the Maldonado region over the...
View ArticlePedidosYa prepares electronic wallet and subscription service
Contxto – Last-mile delivery apps continue to implement new fintech features into their platforms, the latest being Uruguayan startup PedidosYa. Ambitious plans Like other competitors, PedidosYa wants...
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Uruguay government agency premiers entrepreneurship program, ProyectaUruguay
Contxto – Uruguay’s National Research and Innovation Agency (ANII) plans to debut a new program to attract more innovative entrepreneurs to the country. Affordable travel The campaign consists of a...
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7 fintechs from Montevideo enhancing finances in Uruguay
Contxto – Uruguay often gains a lot of praise for its stable economy and progressive government. While it doesn’t make headlines as often as its Latin American peers, the small country famous for...
View ArticleUruguay Can partners with Aeternity to develop marijuana blockchain
Contxto – Yesterday, we stressed that blockchain technology yields the potential to improve practically any industry, even construction. This is especially true when it comes to transparency and...
View ArticleUruguay announces new San Francisco consulate to support techies
Contxto – When it comes to supporting entrepreneurship, Uruguay is on top of its game. Not only is the country using blockchain technology in politics and the cannabis industry, but also establishing...
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MonkeyLearn leverages machine learning for rapid text analysis
Contxto – If you are seeking a tech solution for rapid tech analysis, then MonkeyLearn could have your answer. Used by tech support teams, product management officials and developers alike, users can...
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MiCheque raises US$500,000 to expand early payroll benefits for SMEs
Contxto – In today’s world, living paycheck to paycheck can sure be stressful, especially in Latin America where most receive their earnings every two weeks. This is where fintechs such as MiCheque...
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Google selects Uruguay to host second Latin American data center
Contxto – At last, Google has found a new home in Latin America for its second data center. With 14 scattered across the globe, the newest establishment will be located in Uruguay. Storage and server...
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Rappi 101: A quick review of how the last-minute delivery app got to where it is
Contxto – Pay no heed to what seems to be Rappi’s trudge through the murky waters of controversy. On a grander scale, this last-mile delivery company’s growth strategy is going full-throttle. When it...
View ArticleEmergent fintech from Uruguay Prometeo raises funds from Latinia to integrate...
Contxto – In Greek mythology, Prometheus was the Titan credited for gifting humanity the fire of the gods. Although certainly a noble aim, ultimately Zeus punished him for petty theft by chaining him...
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Ultimate 2019 Latam Startup Ecosystem Recap
Contxto – It’s that time of the year when everyone gathers around and waits expectantly for old man Contxto to come down the internet shoot and dish out this year’s… Ultimate 2019 Latam Recap! So,...
View ArticleArgentine-Uruguayan, Eolo Pharma, prescribed US$2.7 million injection in...
Contxto – After having piqued the interest of various health-conscious investors, Eolo Pharma—a clinical research startup from both Uruguay and Argentina—received an investment of US$2.7 million. The...
View ArticleRegional company buys Uruguayan logistics platform, Gurucargo
Contxto – Uruguayan-Brazilian freighttech Gurucargo is making an exit. Notably, it’s “in the process of being sold to a regional traditional player,” according to a Medium post by one of the startup’s...
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Latam has two more satellites in space, courtesy of Argentina’s Satellogic
Contxto – Today two additional twinkles were added to the night sky thanks to Argentinian spacetech startup, Satellogic. Their names are Sophie (after mathematician and physicist, Sophie Germain) and...
View ArticlePlasticoin, the cryptocurrency that wants to clean up Uruguay’s coast
Contxto – Two entrepreneurs want to clean up beaches using crypto. As a result, they’ve joined forces with the Uruguayan government’s National Agency for Development (ANDE). Essentially, people will...
View ArticleGlovo withdraws from 2 more countries in Latin America
Contxto – January 2020 was not friendly towards massive growth startups, as Glovo recently learned. Near the end of this first month, the Spanish last-mile delivery startup is retreating from two...
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Lego-inspired Parconier encourages kids to learn about robotics through play
Contxto – I’m not a fan of cliché sayings, but kids do learn more by playing. And that’s precisely the value proposal Uruguayan Parconier brings to the table with their product. This startup designs...
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