LatAm will squander pandemic gains without digital infrastructure push | opinion
Nicolas Szekasy, co-founder and managing partner of KaszekWill the tech boom of the pandemic turn out to be a statistical blip, or can Latin America’s bumper crop of start-ups boost the region’s perennially disappointing economic growth?
Szekasy highlights some of Kaszek’s investments, including Brazil’s Nubank — the region’s biggest fintech. The companywith a market capitalisation of more than $40bn. Another is Mexico’s first unicorn, used-car marketplace Kavak, which was valued at more than $8bn in a funding round last year. SoftBank, one of the biggest tech investors, in January lost its Bolivian-born chief operating officer Marcelo Claure, the driving force behind its fast-growing Latin America investment fund.signalled that the Latin America fund
Carlos Ramos de la Vega, director of venture capital at LAVCA, says: “One of the most important trends . . . is how M&A activity plays out across the market, given the substantial capital pockets that these start-ups have raised,” he says. It is too early to tell whether last year’s $15.7bn funding record would be repeated.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Heathrow’s Covid losses top £4bn as autumn lull loomsAirlines cancel some flights amid higher fuel costs, Ukraine war and expected fourth pandemic wave
Read more »
Will Taiwan's banks stay stuck in a '1980s' time warp?How the pandemic may have jolted an old-fashioned banking industry to make changes.
Read more »
Are you suffering from ‘influencer fatigue’? Why young women are feeling exhausted by influencer cultureAre you suffering from ‘influencer fatigue’? Why young women are feeling exhausted by influencer culture.
Read more »
Lockdown gardener to star in Chelsea Flower ShowJason Williams started off with one marigold at the start of the pandemic before his balcony flourished into a 'cloud garden'.
Read more »
Fauci claims US being 'out of pandemic phase' comment was misconstruedDr. Anthony Fauci has flip-flopped on his COVID guidance yet again. Less than 24 hours after he said the U.S. was 'out of the pandemic phase,' Fauci retracted, saying we are not 'out of the woods' yet.
Read more »
Moving patients to care homes at start of Covid 'was unlawful'High Court judges have ruled on the government's policies at the start of the Covid outbreak.
Read more »