Gonzalo Sánchez

#CreditRating with #BehavioralData Major Disruptions in #B2C and #B2B Mexican #Digital Markets. "Comisionistas de Base Digital" (~ #openplatforms; 3rd party #digitalchannels) set the base for new data-driven, open #ecosystems. For more information on #ComisionistasDigitales and their expected impact in extending reach and access to major consumer bases, see: https://lnkd.in/eqm3j3Mx So Mexican regulation would support new digital players (retailers, CPGs, Telcos, Healthcare, etc.). What is the potential and speed of entry? Chart shows size opportunity in terms of 128 million Mexicans, by demographic segment, plus Mexicans living in USA (40 million). See https://lnkd.in/et6m9d47 and https://lnkd.in/eqm3j3Mx The figure of the #ComisionistaDigital (Digital Commissionist) will alter the Mexican competitive landscape, as more #data and information is transformed, in real time, into #intelligent automated tasks (use cases) #canalesdigitales. The era of #digitalmarketing; #GenAI driven (#Consumer360, #Campaign Management, personalize digital #CX enhancement). Innovation at both defensive and offensive moves. The former to defend profit pools of risk. The latter on profit pools with upside potential (#acquisition #underserved; #financialinclusion at scale). We are witness of the #Democratization of Mexican data, and data analytics, converted into new personalized products and services, according to consumer´s digital journey (data leverage for better cross-sell, risk and pricing. Data would become the competitive asset). #datacapabilities Lúcia Soares , The Carlyle Group. More to come on how to play these new game …. For example: Next Generation #CreditRating (Credit Score tools) ?; #Ecosystems with one stop convenient experience; ... ? #Acquiring Merchant Business Value Propositions …. ? New Services to drive #marketing and #customerjourneys through #data and #technology….? See chart. —————————- #whereiswally

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Here is the latest data on the investment environment in VC as per the latest study done by Endeavor México. Key highlights: 1. $1.1Bn raised during the 1H 2024 2. 162 investments made, representing a decrease of 63% vs. 2023 3. 76 startups completed their capital rounds 4. AI is leading the investments capturing 34% of the investments made 5. 70% of investors are focused on making investments in profitable companies. https://lnkd.in/gRRgDWqs

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First edition of our event, Generative AI for founders w/ Google. Great attendance and non-stop questions from the crowd. It’s always good to create this spaces with great partners that foster a collaborative ecosystem. LatAm has the chance to get ahead and catch up on more developed economies through tech. We can’t let this opportunity go. #startups #AI #founders #genai #startups

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Applications for PY6 Are Now Open! Are you a Latin fintech founder ready to take your startup to new heights? Join Pygma’s PY6 cohort and connect with a community that’s here to support, inspire, and drive you forward. From hands-on mentorship to industry connections and access to capital, PY6 is crafted to help founders unlock their full potential. Whether you're based in Latin America or the U.S., if you’re building something groundbreaking in fintech, this is your chance to partner with us. Pygma program is designed to help you build momentum. What PY6 offers: - Access to a network of top-tier mentors and experts. - Focus on expanding your network in LatAm and the US. - A supportive community of founders, investors, and operators. - Offline weeks during New York Tech Week, Colombia Tech Week, and Mexico Tech Week. - Demo Week, our online version of Demo Days. 📢 Don’t wait—apply now: https://lnkd.in/eufVccHa #Pygma #PY6 #Fintech #LatAmStartups

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Diego Reyeros a beautiful piece. James Gifford was a key member of my United Nations Environment Programme Finance Initiative (UNEP FI) team when he joined as an intern in 2002-3. I have always insisted that full credit is due to the broader team. Since leaving the UN 🇺🇳 in March 2012 to create The Blended Capital Group , I have been voluble on this.The UNEP FI team which delivered #esg and the United Nations Principles for Responsible Investment Investment for the late great UNSG Kofi Annan, who launched it at the NYSE in April 2006, included a core of: Jacob Malthouse Trevor Bowden Philip Walker and the non-LinkedIn real genius Gordon Haggart. James’ academic ideas on holding asset owners to account on systemic risks and opportunitywere visionary. The full risk-embracing UNEP FI team were at the heart of all achieved. We were neither popular nor properly supported in the UN except by the force of nature that is Jacqueline Aloisi de Larderel. UNEP FI was a renegade and off reservation unit always “asking forgiveness not permission.”I fostered that culture and was proud of the result.This ethos to challenge the status quo is why we have the PRI and the #esg phenomenon crafted to support it. The power of my driven, young team in the conception, evolution, and delivery of a range of key initiatives yielded not just the PRI but also: - the ”Value to Values” report - the late Professor Paul Watchman’s “Freshfield’s Report” (2005) on fiduciary law in the 9 major capital markets - the UN Principles for Sustainable Insurance - the Natural Capital Alliance - the ESRA ( Environmental and Social Risk Awareness) training course which has trained many 1,000s of bankers There were 160 UNEP FI publications generated over 12 years.During 2000-2012, I built a young and a vibrant team from 2 people to 22 when I left. When, post 2006 launch, we decided to free the nascent PRI from UNEP to become a stand alone UN-supported entity “the Giff” became the PRI’s first Executive Director - quite a rise from intern in 3 years. For dynamic growth the PRI needed this separation. Today’s 5,345 members with U$121 trillion in assets support this. This core team, supported by UN staffers Yuki Yasui & Ken Maguire, were in my Geneva office in May 2004 when we changed what was going to be SGE to ESG.It was a true collective effort over four years (2002-2006) of relentless work for a brilliant under resourced team. My contribution? Building and supporting this incredible team. Also, the old journalist in me flipped SGE to ESG against a looming publication deadline. I assert that I “Coined ESG” because of that letters flip. Full recognition of an unbelievably young UNEP FI team never to be forgotten always due. Other supporting team players: Careen Abb Lisa Petrovic Remco Fischer Mark Sanctuary ……the list goes on and my eternal thanks to all. Usher, E. please remember & honour the full UNEP FI team 2000-2012 as they should be. Thanks for that.

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If Latin America runs on WhatsApp, it’s fair to say Peru runs on Yape... Raimundo Morales is the CEO of Yape, the dominant fintech app in Peru and one of the biggest consumer fintechs in the world. For context, Yape has 16 million users in Peru, which represents 80% of the country’s total population. 65% of the country's adult population uses the app EVERY DAY. On average, they process 550+ million payments a month and are doubling in volume YoY. In this Fintech Leaders episode, we discuss: - The strategy that led them to onboard 65% of Peru’s adult population as daily active users in just eight years   - Yape was built within Credicorp (NYSE: BAP), a $14Bn company traded on the NYSE. How were they able to build a fintech disruptor within a large corporation?   - The road to building a super-app   - Why you should always set irrational goals; winning the war on cash… and a lot more! https://bit.ly/3XsISXy Special thanks to Gianfranco Ferrari, Francesca Raffo, and Milagros Cigueñas!

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🌴 Is Miami a legitimate startup hub 🤔 The recent news of A16Z closing their Miami office created a stir on Twitter with a lot of people dunking on Miami. "Miami is not for serious people." "There is not enough talent in the region." "It's only for LATAM related business." Etc., etc., etc. The belief is that all the startup people in Miami are going to give up on the city and go to back SF or NYC or some other startup hub. However I believe the talk is totally overblown and that Miami is absolutely capable of building a thriving startup ecosystem! It cannot replicate SF (as if that is even possible for any region). It will never be NYC. It is not Boston, Austin, Chicago, LA, or Seattle. But it is happening for Miami right now, supported by a government that welcomes startups and an ecosystem built over the past 15 years. There are flaws in every startup ecosystem. No developers in NYC wanted to do startups because Wall Street paid so well. Then the 2008 financial crash ended that safety net. There are similar stories for every major startup hub from Bangalore to to London to Singapore to Tel Aviv. It takes time to build the density of the ecosytem. Silicon Valley has had decades to build the density of talent, the companies, the investors, and the culture for it to become what it is today. So I am long on Miami despite whatever flaws the city may have. It's a great place to build a startup today 💪 #Miami #startups

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Venture Capital Mx - Nufi Accurate and reliable data verification is critical when establishing the identity of businesses or individuals, especially in dynamic and fast-growing markets like Mexico, where trust and compliance are essential. Nufi, co-founded by Hans Villa and Ilich Núñez, empowers all companies in México to make accurate and reliable decisions based on identity validation. "Our mission is straightforward yet bold — to establish Nufi as the leading platform for instant business verification across Latin America". - Hans Villa, Co-founder of Nufi By leveraging over 130 data sources, Nufi is leading the charge in KYB (Know Your Business) solutions, addressing a need, especially for financial institutions, governments, and industries that rely on fast and secure onboarding. (Full Feature in Comments) #startups #mexico #venturecapital

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🇦🇷 #Argentina's great hope for big investments The Large Investment Incentives Regime (#RIGI) promises to be a key tool to attract significant #investments to Argentina. Although a minimum amount of US$200 million is required to access all the benefits of the regime, the "fine print" of the regulation could significantly expand opportunities for investors, allowing entry with lower amounts and the inclusion of new sectors, reports Florencia Barragan in the Argentine economics daily El Cronista. The upcoming #regulation of #RIGI could expand benefits for investors, potentially allowing entry with smaller amounts, adding new sectors, and accelerating access to U.S. dollars. The official regulation is expected soon, and legal experts are closely watching the "fine print" for three key changes that could broaden its scope. 👇 - Lower Investment Threshold: While the RIGI law sets a minimum investment of $200 million to qualify, the regulation might allow entry with lower amounts in certain sectors, like renewable energy projects (e.g., regional connected wind or solar farms). It’s also possible that projects located near each other could be grouped together within a single entity, reducing individual thresholds. - Broader Sector Inclusion: The law covers specific industries such as forestry, tourism, mining, technology, energy, and oil and gas. However, sectors like technology are broad and could include other industries. For instance, automotive companies investing in electric mobility could be classified under the technology sector, potentially allowing them to benefit from the regime. - Faster Access to U.S. Dollars: RIGI allows exporting companies to access foreign currency progressively—20% in the first year, 40% in the second, and 100% in the third. However, the timeline for accessing dollars could be shortened if the regulation defines the "start of the project" from the construction phase rather than commercial operation. In addition, companies may be allowed to choose international courts for legal disputes, and sectors like oil and gas production (upstream) could be excluded from the regime to avoid granting benefits for activities that were already planned. The Ministry of Economy will oversee the application of RIGI, leaving room for discretionary decisions on who qualifies. https://lnkd.in/d5Ua3p63

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Applications for PY6 Are Now Open! Are you a Latin fintech founder ready to take your startup to new heights? Join Pygma PY6 cohort and connect with a community that’s here to support, inspire, and drive you forward. From hands-on mentorship to industry connections and access to capital, PY6 is crafted to help founders unlock their full potential. Whether you're based in Latin America or the U.S., if you’re building something groundbreaking in fintech, this is your chance to partner with us. Our program is designed to help you build momentum. What PY6 offers: - Access to a network of top-tier mentors and experts. - Focus on expanding your network in LatAm and the US. - A supportive community of founders, investors, and operators. - Offline weeks during New York Tech Week, Colombia Tech Week, and Mexico Tech Week. - Demo Week, our online version of Demo Days. 📢 Don’t wait—apply now: https://lnkd.in/eJghbEax #Pygma #PY6 #Fintech #LatAmStartups

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Venture Capital Mx - Aviva Only 33% of adults in the country have access to formal credit, leaving an estimated 61 million Mexicans without this essential financial service. David Hernández, Filiberto Castro, Amran Frey, and Israel Garcia realized that a different approach was needed to address the challenges faced by the underbanked population, especially those outside of major metropolitan areas. Enter Aviva. Aviva is looking to change things by leveraging new technology to bridge the gap between online and traditional banking creating a "phygital approach" (blending both digital and physical experiences). Also special thank you to Sara Hayden Van Velkinburgh for helping put this together. (Full Venture Capital Mx feature link in the comments) #startups #venturecapital #mexico

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Thanks for the mention LATAM Republic Cuantico At Plurall , we are applying technology, artificial intelligence, and a hyper-focus on customers to deliver mission-critical financial services to those entrepreneurs and SMEs who have been left out of the FinTech Ecosystem. Despite decades of product design, market presence, and market dominance by incumbents, we believe the ideal financial services platform, one that is accessible, instantaneous, friendly, and transparent – hasn’t been built yet. Not only have the most dynamic SME owners and entrepreneurs been completely left out of this digital revolution in payments and access to growth capital, but the limited access that a small number of them may have, doesn’t fit their needs. It doesn’t have to be this way, and it is our mission to deliver the solution. Plurall is the first AI-driven Fin-App for the 6.5mm+ entrepreneurs in Colombia who have been left out of traditional banking and the FinTech revolution. With investors and partners that include $4.0BB AUM Fasanara Capital , Visa , and dale! , the FinTech arm of the largest banking group in Colombia, Plurall delivers mission-critical access to working capital and mobile banking, directly and through Embedded Finance partnerships – first in Colombia and then across LatAm. Plurall is based in Bogota, Colombia - founded by a diverse team of professionals – with deep experience building and scaling successful FinTechs in the U.S. and LatAm - and we are building a team of exceptionally talented people to join us on our mission. https://lnkd.in/evxseXZF

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Latam startup Vambe raises a $3.85 million seed round for its AI agents platform Santiago-based startup #Vambe, founded by Nicolas Camhi, Matias Perez Pefaur, and Diego Chahuan, has transformed its trajectory by pivoting to conversational #AI for businesses. Originally designed as a #CRM for #debt collection, the company identified greater demand for its AI-powered WhatsApp agents, leading to a significant pivot in March 2024. This shift has paid off, with annual recurring revenue skyrocketing from $20,000 to $1 million within eight months. Vambe’s AI agents enable small and medium-sized businesses, from mom-and-pop shops to large retailers, to automate customer communication and close sales through platforms like WhatsApp. The startup recently raised $3.85 million in seed funding, led by Brazil-based Monashees, with participation from Mexico’s Nazca and U.S.-based M13. This round marks M13’s first investment in a Latin American company, driven by its belief in Vambe’s unique approach to conversational sales technology in a culturally aligned LatAm market. Currently generating 15% of its revenue in Mexico, Vambe plans to deepen its presence there while also catering to Spanish-speaking businesses in the U.S. and continuing to refine its tech. With its innovative solution tailored to a market where business thrives on personal connections, Vambe is setting a new standard for AI-driven sales and marketing in Latin America. The article on TechCrunch in the first comment.

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Venture Capital Mx: Pide Directo Thanks to Ronni Samir for sharing the inception story of PideDirecto and its journey to now serving over 5,000 clients across LATAM. PideDirecto began as a simple restaurant ordering app but quickly evolved into a comprehensive platform offering e-commerce, logistics, payment terminals, POS systems, and analytics. To better serve diverse clients, Pide Directo focused on digital services, leading to the launch of AmbitOne, which integrates both online and offline solutions. After acquiring Habitue in Uruguay and Ambit Technology in Mexico, AmbitOne became the holding company, uniting all three under one vision. AmbitOne is a one-stop solution that empowers consumer businesses across Latin America with a comprehensive suite of tools for thriving in the digital era. (Full Article in the Comments) #startups #venturecapital #mexico

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Excited about the future of tech innovation in Uruguay! As highlighted in this Bloomberg article, Uruguay is becoming a significant hub for AI and technology development, driven by the efforts of industry leaders like Marcos Galperin, David Vélez , Sergio Fogel and Martín Alcalá Rubí amongst others. Key points on the growth of Uruguay's tech scene: Talent Attraction: The country is successfully attracting top tech talent from across the globe. This influx is essential for fostering a robust ecosystem capable of driving substantial technological advancements. Innovative Companies: Companies like BrainLogic AI are at the forefront, leveraging AI to solve complex problems specific to the Latin American market. Their work demonstrates how localized AI solutions can have a broad impact. Infrastructure and Support: The supportive infrastructure, including government incentives and tech-friendly policies, plays a critical role in nurturing startups and established companies alike. This environment encourages innovation and sustained growth. Collaborative Ecosystem: A collaborative approach among tech companies, academia, and government institutions is fostering an environment ripe for innovation. https://lnkd.in/dZ8BGD34). #TechInnovation #AI #SoftwareDevelopment #Uruguay #LatinAmerica 🇺🇾🇺🇾

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