Connect33 Newsletter, Q2 2024

4-minute read

Hi readers, welcome to Connect33’s Q2 newsletter, our final quarterly newsletter. Going forward we will begin providing our readers with monthly updates so that you can stay better informed as to what’s happening on the ground across Latin America.

We’re also excited to announce that we’ve officially launched our LatAm Partners platform for companies to discover and engage top software development firms across Latin America. We aim to establish a platform where businesses can engage and collaborate with the best in Latin America to develop groundbreaking software solutions. Follow us. ¡Vámonos!

• Q&A Engineering Leaders in LATAM: Carlos Quirarte successfully scaled a 1200-person team for EPAM and currently serves as the Country Manager for C3.ai in Guadalajara, Mexico. We sat down with Carlos to ask him about the key to successfully scaling engineering teams in Latin America. Full interview to come

  

• Foxconn, the Taiwan-based electronics manufacturer, is being asked by US tech giants to step up production of AI-related hardware in Mexico. (WSJ)

• Revolut, the London-based fintech company, received its banking license in Mexico and is reportedly making a $100 million-plus bet on Mexico’s remittance market. (Reuters)

• HRPath, a global HR leader in digital transformation, acquired Intelligenza, a recognized SAP, Workforce software, and Qualtrics Partner in Brazil. (PRN)

• Emnify, the leading cloud-building block for cellular communications in the IoT stack, is expanding its presence in Brazil and Latin America. (Morningstar)

• Nayax, (NASDAQ: NYAX) a leading global commerce enablement, payments, and loyalty platform designed to help merchants scale their business acquired VMtecnologia, a leading technology provider for the automated self-service industry in Brazil. (GlobeNewswire)

• Motive, the all-in-one fleet management company previously known as KeepTruckin, announced it is expanding into Mexico. (Yahoo)

• GoFundMe expanded into Mexico as part of the for-profit crowdfunding platform's international growth. (AP)

• MercadoLibre (NASDAQ: MELI), the Latin American e-commerce, said it plans to invest a record $4.6B in Brazil. (Reuters)

• Google (NASDAQ: GOOG) announced the reorganization of its Core unit, moving some positions to India & Mexico. (CNBC)

• MercadoLibre (NASDAQ: MELI), the Latin American e-commerce and fintech giant is beginning conversations with Mexican authorities to apply for a banking license. (Bloomberg)

• Vela, a world leader in software for management solutions based in Canada, acquired Chilean Samtech. (Samtech) 

• Merkle, a leading tech-enabled, data-driven experience management company,  expanded its global footprint in Latin America. (Yahoo)

• Circle, the fintech firm and issuer of the leading regulated stablecoin announced its official launch in Brazil. (Business Wire)

• WorldCoin announced the launch of its World ID orb verifications, in Colombia. (WorldCoin)

• Mastercard (NYSE: MA) launches biometric checkout program in Uruguay. (Business Wire)

• Orium, the leading composable commerce specialist based in Toronto, announced it acquired Mexican e-commerce agency Gluo. (PRN)

• Transatel, a global provider of Managed IoT Connectivity solutions, announced entering the Latin American region, making Brazil its regional operational and infrastructural base. (IoT Business)

• Prometeo, a leading fintech infrastructure company based in Uruguay,  announced the launch of its Bank Account Validation offering for the US market and plans to expand into Mexico and Brazil. (Business Wire / Contxto)

• Incode Technologies, a leader in identity verification and trust solutions, announced the acquisition of MetaMap, a Silicon Valley-based identity verification company. (PRN)

• Fresh Consulting, a Bellevue, Washington-based innovation consulting firm, acquired Atomic31, a Mexico-City-based software team specialized in software and data engineering, including building Fintech software with 60% of Mexico’s regional banks. (Newswire)

• Nubank (NYSE: NU), the Brazilian neobank, acquired AI-for-banks startup Hyperplane. (Techcrunch)

Additional stories we’re reading:

• LatAm Emerging: A Tech Sector On The Rise

• Latin American developer outsourcers capitalise on remote work boom

• Meet the most active VC investors in Latin American startups

• Mexico Unicorn Clip Raises $100 Million

• Brazil’s QI Tech gets unicorn status after GA investment

• World Bank cuts Latam 2024 GDP forecast

• Latam fintechs quadrupled in past 6 years, with more room to grow

• Mexico-based Commerce and BNPL Aplazo Secures $70 Million

• Milei Adviser Expects Major Tech Investments

• LATAM Tech Talent Boom: A Global Shift In Workforce Dynamics

• Cash is No Longer King in Latin America

• How Tesla’s Mexico plans stalled out

Job Board

LatAm-focused roles at top tech companies. 

• Databricks is hiring a Solutions Architect

• Circle is hiring a Senior Manager, Partner Marketing

• Cloudflare is hiring an Account Executive

• TaskHuman is hiring a Head of Sales

• Acer is hiring a Business Manager

• Miro is hiring a Sales Development Representative 

• Duetto is hiring a Customer Success Manager

• C3.AI is hiring a Senior AI Solution Manager

• Matter Labs is hiring a Growth Lead

• Contentful is hiring a Customer Success Manager

• TikTok is hiring a Language Manager, Spanish

• Proofpoint is hiring a Business Development Representative

• Spreedly is hiring a Strategic Account Manager

Thanks for reading Connect33 Quarterly!