On Friday, Brazil’s top court ordered the immediate suspension of X—formerly Twitter—in the country following a months-long feud with owner Elon Musk. Now, rival platforms are benefiting. Bluesky Sees Surge in Sign-Ups Bluesky, which fully opened to the public in February 2023, is seeing massive surge in users, reportedly gained one million new users in just three days. The decentralized social app started off as a project by Twitter co-founder Jack Dorsey in 2019 when he was Twitter’s CEO. It has since become an independent public benefit corporation, with Twitter founder
Mexican fintech company OCN, which offers car rental models for gig workers in Mexico and the US, has successfully raised $86 million in equity and debt. The Series A funding round was led by Brazil’s Caravela Capital, with additional contributions from Collide Capital and Great North Ventures on the equity side, and New York-based i80 Group leading the debt portion. Innovative Solutions For Gig Workers Launched in 2022, OCN provides gig workers with new car rentals on a weekly fee basis, inclusive of maintenance and insurance. Users also have the
Caliza has secured $8.5 million funding. Founded in 2021 by Ezra Kebrab, the Brazil-based startup transforms cross-border transactions in Latin America through the use of crypto stablecoins. The company recently secured funding led by Initialized Capital, enabling them to expand their innovative payment solutions that leverage Circle’s USDC (USD Coin), according to TechCrunch. “Caliza is building global financial infrastructure that removes borders from commerce,” Kebrab wrote on LinkedIn. “I’m excited to unveil the latest including our recent $8.5M round.” Bringing Speed and Stability to Cross-Border Payments Unlike traditional transfers made
Brazil’s government is hiring OpenAI to speed up the screening and analysis of thousands of lawsuits using AI to avoid costly court losses, according to Reuters. Court-ordered debt payments have consumed a growing share of Brazil’s federal budget. Their government estimated it would spend 70.7 billion reais ($13.2 billion) next year on judicial decisions it can no longer appeal. That figure does not include small-value claims, meaning the combined account of over 100 billion reais represents a sharp increase from 37.3 billion reais in 2015. How Will It Work? The
Prósperos has successfully raised $3 million in seed funding to advance its mission of empowering Latine communities through innovative financial solutions. This funding round saw investments from FEBE Ventures, BAT VC, Tekton Ventures, and Courtyard Ventures, among others. Revolutionizing Financial Services For Latine Communities Founded in 2023 by Vinay Pai and Salvador Chavez, Prósperos aims to transform the financial landscape for Latine communities in the USA and Latin America. The Prósperos platform provides two bank accounts and cards: one for the account holder in the USA and another for their
The Folklore, a platform known for connecting global consumers with African brands and diasporic fashion, has secured a substantial $3.4 million seed funding. This round was spearheaded by Benchstrength Ventures, with contributions from Techstars, Black Tech Nation Ventures, and Slauson and Co. Connecting brands with Major Retailers In 2022, Folklore underwent a transformation. Originally a shopping platform showcasing primarly African brands, it now aims to enhance how emerging brands integrate into the retail landscape. “[Brands] would come to me for advice on how to expand their footprint, how to get a loan or how
10Pearls, a global, purpose-driven digital technology partner, is launching a “Women in Tech” program for Latin American women in Costa Rica on February 10th. Founded by brothers Imran and Zeeshan Aftab, 10Pearls partners with clients to imagine, design, build, and deliver innovative mobile and digital products. The company has a diverse clientele that includes Global 1000 enterprises and high-growth startups and has offices in the US, Costa Rice, Colombia, the UK, Pakistan, and Peru. Women in Tech Program The Women in Tech launch event in Costa Rice will consist of a series of
New York-based fintech startup Comun is redefining the bank experience for Latine immigrant communities in the US and reimaging local banking for the digital world. Founded in 2021 by Andres Santos, CEO, and Abiel Gutierrez, CTO, both of whom experienced financial exclusion upon migrating to the US, Comun has secured $9 million in funding to date. Banking Disparities in the Latine Community The Latine population contributes a staggering $3.2 trillion to the US GDP. This makes it the world’s fifth-largest economy, more than the GDPs of India, the UK, and
A new report from the President’s Alliance on Higher Education and Immigration and Shorelight Education has found that students from African nations and the Global South are more likely to have visas rejected. What did the report find? The data from the report was collected through public records requests and found that visa denials to study in the U.S. rose significantly from 2015-2022, especially for Global South countries. African students faced a visa rejection rate of over 50% in 2022, up nearly 10% since 2015. The report stated that in 2015,
This article was first published by Ruben D Galvan on Medium. Creating Socavon was a deeply meaningful experience for me. It allowed me to create something truly unique while incorporating my roots and passion for storytelling. Play Socavon here <<<<<<<< Socavon A few months back, I listened to the song VOLVIÓ A LATIR — Milena Warthon x Chila Jatun, and a world of opportunity opened up. Milena Warthon and Chila Jatun have created a masterpiece by modernizing iconic sounds from the Andes. The song hits a special chord with me because I grew
