A bunch of Canadian news outlets are in a tizzy, suing OpenAI for allegedly using their content without permission. The Read more
India-based audio platform Pocket FM has a vast content library. However, CEO Rohan Nayak believes there is room for expansion Read more
ChatGPT Search, OpenAI's AI-powered web search experience, has officially launched for all ChatGPT users, introducing several new features to enhance Read more
Humanz, a cutting-edge marketing platform for content creators and brands, has officially made its debut in the U.S. market, as Read more
Mexico’s economic landscape has been favorable for startups, but potential trade barriers imposed by President-elect Donald Trump could jeopardize this growth. However, Jaime Tabachnik, co-founder and CEO of Mexican trucking finance startup Solvento, remains optimistic. The company recently secured a $12.5 million Series A funding round, demonstrating confidence in the market.
### Latin America Fintech Potential
Venture capital investment in Latin American fintech companies has seen a significant rise, with a 73% increase in funding from 2023 to 2024. The region received $2.6 billion in investments in 2024, indicating a promising future for the industry.
### Funding and Financial Updates
– Cardless secured $30 million to expand its co-branded credit card business.
– StoreCash closed a $3.7 million seed round for its instant cash-back app.
– N26, a German fintech unicorn, reported its first pretax profit in the third quarter of 2024.
### Highlights 🗞
– New UK crypto regulations to include stablecoins and staking services.
– Flipkart co-founder Binny Bansal exits PhonePe’s board.
– Revolut plans to launch mortgages, smart ATMs, and business credit products.
– Apple Pay, Cash App, PayPal, and similar apps to face stricter regulations resembling banks.
