> #M&A Hotmart, a Brazilian edtech monetization platform, acquired Wollo, a Brazilian subscription monetization platform for content creators for an undisclosed amount.
- Since 2020, Hotmart has also acquired Klickpages and Teachable, a US-based edtech startup.
> #M&A Escale, a Brazilian digital marketing agency focused on telecommunications and healthcare companies, acquired Cobmax, a Brazilian sales management platform for an undisclosed amount.
> #M&A Localiza Hertz, a Brazilian car rental network with operations throughout Latin America, acquired Mobi7, a Brazilian fleet monitoring platform. Mobi7 had beenselected to enter Endeavor’s Scale-Up accelerator program earlier this year.
> iFood doubled the size of its assistance fund launched in March to R$100m and extended the initiative until June 30. The funds will be destined primarily to accelerate receipt processing for partner restaurants in their network.
> Rappi is offering its infrastructure to distribute antibody tests to Brazilians as part of Movimento #2em2, a national non-profit campaign aimed at scaling up testing capacity. The effort will also be joined by Loggi and Vitta, among others.
- Rappi also launched Rappi Makers in Brazil, a virtual internship program for students.
> Avista, a Colombian credit placement platform for under-banked Colombians that raised a US$75m credit line in April, launched a dedicated line of credit to support the elderly during the C19 crisis. CEO Andrea Giraldo sees the crisis as a moment of “reinventing financial processes to reduce people’s interactions with cash.”
> Ecuadorian digital payments processor Kushki launched operations in Mexico. Kushki’s checkout product, Cajita de Pago, allows small businesses to receive a variety of payments in one integrated solution. Kushki now has operations in Canada, the US, Colombia, Ecuador, Chile, Peru, and Mexico.
> Resultados Digitais, a Brazilian marketing automation platform for small businesses, donated equipment to Hospital Baia Sul to create a room for health professionals to rest and decompress. Riverwood led RD’s US$50m Series D in 2019.
> Mexico-based orthodontics startup Moons reconfigured their tech to 3D print medical equipment they are providing at cost to health workers. Moons raised US$5m from Jaguar Ventures, Foundation Capital, Tuesday Capital, and others earlier this year.
> Brazilian edtech Descomplica is offering its services free of charge to 1.5 million high school students in São Paulo in partnership with the local government in an effort to support public education amid the C19 crisis.
> Kinedu, a Mexican edtech for early childhood development, is offering free access to its platform until June 30. Kinedu is backed by DILA Capital, IGNIA, The Stanford-StartX Fund, NXTP, and others.
> Descifra, a Mexican geospatial analytics startup backed by Angel Ventures, launched a platform that provides updates on C19 positive cases and population mobility trends at the street level in Mexico.
> Omie, a Brazilian resource management platform for small businesses, is giving free access to Omie Academy, the company’s platform for entrepreneurial education, to support founders during the C19 crisis. The company also joined Estimulo 2020, a non-profit initiative offering credit with preferential rates to companies that have no access to the banking system. Omie is backed by Riverwood, Astella, and others.
> Truora, a Colombian fraud detection startup providing instant background checks, launched a free recruiting platform to connect talent with Latin American startups.
> Olivia, a US-based personal finance management application, reached 200,000 users in Brazil after seeing downloads spike since the C19 crisis. Investors in Olivia include Banco BV, XP Investimentos, and MSW Capital through BR Startups.
> Dr Consulta’s CEO Thomaz Srougi reviews the current state of the healthcare system in Brazil and the ways in which technology can help increase the access and quality of medical treatments in Latin America.
> ARCAP issued a report showcasing the ways in which tech-enabled companies are adapting amidst the current crisis in Argentina, including Citaldoc, Producteca, and Tiendanube.
> STARTUPS: How are you responding to the coronavirus pandemic? Share your updates by filling out this form.
> Check out LAVCA’s directory of 331 Latin American startups with at least US$1m in VC funding, verified by LAVCA (as of end-2018), our Unicorn Leaderboard, and our Inaugural Survey of Latin American Startups.