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Delegation of Congress leaders gave memorandum to the Divisional Commissioner MLA Jitu Patwari tongue slipped
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Nelo raises $3M to grow buy now, pay later in Mexico
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Nelo raises $3M to grow ‘buy now, pay later’ in Mexico
Buy now, pay later is a way of paying for purchases via installment loans that generally have no interest. The concept has grown in popularity in recent years, especially in markets such as the United States, Europe and Australia. Numerous players abound, all fighting for market share from Affirm to Klarna to Afterpay, among others.
But notably, none of these bigger players have yet to penetrate another very large market Latin America. Enter Nelo, a startup founded by former Uber international growth team leads, which is building buy now, pay later in Mexico. The company is already live with more than 45 merchants and over 150,000 users.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Nuvocargo Raises $12M to Modernize US/Mexico Trade, Announces Plan to Add Financial Products .
NuvocargoApril 7, 2021 GMT
NEW YORK, April 07, 2021 (GLOBE NEWSWIRE) Nuvocargo, the only all-in-one digital platform for US/Mexico trade, announced today it has closed a $12M round of Series A funding led by QED Investors alongside new investors including David Velez (Founder/CEO, Nubank), Michael Ronen (Branded/SoftBank, who led Flexport’s $1B Series D), FJ Labs, Clocktower, Karim Atiyeh (Founder/CTO of Ramp), Raymond Tonsing (Caffeinated Capital), Satya Patel (Homebrew), Sebastian Castro (Founder, Kushki), and more. Existing investors NFX, ALLVP, MAYA Capital, Magma Partners, One Way Ventures, Ride Ventures, and others also participated. This round brings Nuvocargo’s total funding to $17.3M.
Nuvocargo Raises $12M to Modernize US/Mexico Trade, Announces Plan to Add Financial Products for Shippers
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