Profile avatar
arnaud-scenius.bsky.social
Writing about Startups & VCs in Latin America | Venture Partner at Zenani Capital | Newsletter -> https://sceniusmexico.substack.com/
277 posts 1,407 followers 4,192 following
Regular Contributor
Active Commenter

🇲🇽 VEMO Secures US$77 million in Financing Cleantech VEMO secured $1,300 million pesos (approx. US$77 million) in financing to expand its Fintech arm, VEMO Impulso.

🇻🇪 Telefónica to Invest US$500 Million in Venezuela Telefónica is set to invest US$500 million in Venezuela to enhance its 4G network and deploy 5G technology using the Dynamic Spectrum Sharing scheme in the newly acquired 2,600 MHz band.

🇧🇷 BYX Capital acquired Nvio from Bitso BYX Capital, a Fintech specializing in payroll loans, has acquired Nvio, a direct credit company previously owned by Bitso. The acquisition, pending approval from Brazil's Central Bank, will strengthen BYX’s banking structure and enhances transaction security

Nubank Launches Mobile Operator NuCel NuCel is the new mobile operator launched by Nubank in Colombia. It aims to compete with major carriers like Claro and Tigo by offering flexible, affordable plans starting at $37,000 (approx. US$9).

🇦🇷 Ualá Launched an AI-powered Chatbot Fintech Ualá has launched an AI-powered chatbot called Uali, built on OpenAI’s GPT-4 model. Uali not only understands user queries but also proactively offers personalized solutions to enhance the customer experience

🇺🇸-🇲🇽 GenLogs raises US$14.6 million to go to Mexico GenLogs is a freight intelligence platform that utilizes roadside sensors and cameras to collect data on trucks and trailers, applying methodologies inspired by counterterrorism operations to monitor equipment trends.

🇲🇽 Niko Energy raises US$23 million in funding Niko Energy is a solar startup building Mexico’s first virtual power plant (VPP) to address the country’s growing energy demand and grid instability.

This week, Nubank rolled out its fixed-income product in Colombia 🇨🇴 In Mexico, the product is known as "Cajitas Congeladas" but over in Colombia, they chose the name CDT Nu to tap into the strong local savings culture and to use a term better known among Colombians: CDT. Why does it matter?

Startup Cheaf to Launches in Argentina Mexican startup Cheaf is launching in Argentina, offering a platform where users can buy near-expiry food at up to 50% off from major supermarkets like Jumbo, Disco, and Vea.

When you see this kind of data, you realize that the LATAM ecosystem still has a long road ahead. Are you aware of the same kind of benchmark in the US? Great work by the 500 LatAm team! We need more data to bring transparency and know where to focus our efforts to improve the ecosystem.

Nestlé announces a US$1 billion investment in Mexico 🇲🇽 Swiss multinational Nestlé announced a US$1 billion investment in Mexico over the next three years to expand its production capacity, as part of the broader "Plan Mexico" initiative.

In 2024, startup investments in Latin America surged by 23%, reaching US$4.27 billion across 621 rounds, up from US$3.4 billion in 2023, according to Distrito. Brazil remained the regional leader, capturing US$2.14 billion from 391 rounds, followed by Mexico and Colombia.

🇦🇷 Salesforce to invest US$500 million in Argentina Salesforce has announced a plan to invest US$500 million in Argentina over the next five years, focusing on AI innovation, workforce development, and the digital transformation of the public sector.

🇨🇴 Launches Bre-B its own instant payment system Colombia will launch Bre-B, an instant payment system, in September 2025, aiming to boost financial inclusion, streamline digital transactions, and reduce cash usage.

🇲🇽 Jüsto partners with Uber Eats Digital supermarket Jüsto has partnered with Uber Eats to offer over 6,000 fresh, organic, and household products through its app in Mexico City, Monterrey, and Querétaro.

Insurtech Olé Life raises US$13 million in Series B round The startup aims to transform financial security in Latin America by providing fully digital life insurance solutions tailored to regional needs, including USD-denominated policies.

Tether Holdings announces plans to move to El Salvador Tether, the issuer of the stablecoin USDT, announced plans to move all its operations and legal entity to El Salvador, where it will establish its global headquarters in a newly constructed skyscraper.