Here are the highlights on Brazil’s tech and business scene in March:
March 30
Ambassador Nestor Forster, Brazil’s Chargé d’Affaires to the U.S., had an exclusive conversation with BayBrazil CEO to discuss the Impact of COVID-19 on Brazil’s economy, trade and society. He also discussed the severity of the pandemic in Brazil and the financial incentives the government is putting in place to help small businesses. Watch the conversation here
March 27
Brazil introduces surveillance tech to slow the spread of coronavirus
States are looking to roll out a system developed by startup InLoco that uses geolocation tracking to support actions around the lockdowns intended to slow the spread of COVID-19.
March 27
Movile’s group Wavy announced ill merge with Swedish software company Sinch.
Wavy operates in the B2B market offering messaging services while Sinch provides software for telephone operators.
March 24
Brex, the San Francisco fintech startup founded by Brazilians, acquired three companies to build out its bank alternative for startups: Neji, Compose Labs and Landria.
March 17
Brazilian Hotmart, a platform that offers an ecosystem for the sale, promotion and purchase of digital products, bought American education startup Teachable, focused on the online education sector.
March 13
Brazilian startups received more than US$300 million in 37 rounds in the months of January and February. Check the outlook of Brazilian tech investments in early 2020.
March 11
Telefónica invests in Redpoint eventures to find Brazilian startups. Telefónica Innovation Ventures, will now be doubling down on its funding tickets. Sources report it will disperse up to R$ 1 million per startup.
March 10
Snap, Microsoft and Tesla are the world’s most innovative companies. That’s according to Fast Company’s annual ranking released today. Brex, founded by Brazilian entrepreneurs in San Francisco, is #27, ahead of Apple, #39. The 50 companies were selected by the publication’s editors and writers based on their groundbreaking businesses, across 44 sectors.
March 3
OLX, a global classifieds marketplace backed by Naspers, has made a R$2.9 billion to acquire Brazilian real estate classifieds platform Grupo ZAP, subject to approval by CADE.
