LATEST REGIONAL PROJECT UPDATE
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MEXICO
COMPO EXPERT Mexico has signed a collaborative agreement with leading nanotechnology company Nano-Yield to bring sustainable and cutting-edge nanotechnology solutions to Mexican agribusiness .
Nano-Yield will ultimately supply COMPO EXPERT with several patented nano-based crop nutrition products , which both companies agree will greatly enhance nutrient delivery to specialty crops and row crops in Latin America .
Marcelino Lopez , General Director of COMPO EXPERT Mexico , said : “ This partnership represents an opportunity to continue offering our clients products with the highest technology that Nano-Yield provides .
“ That is the main concept that we as a company are interested in transmitting to our market : technology that translates into higher profits for farmers .”
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COLOMBIA
Colombian Proptech Habi secured $ 30m debt from the World Bank ’ s International Finance Corporation ( IFC ).
Victory Park Capital Advisors structured the loan , the first of its kind from the IFC to a Latin American proptech .
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BRAZIL
Logtech goFlux has landed a $ 6m Series A .
The freight management and contracting platform will use the funds to apply AI for freight prediction , grow its salesforce and further develop its fintech and platform capabilities .
The funding comes two years after goFlux ’ s $ 3m seed round in March 2022 .
goFlux offers a fully digital platform for quoting , negotiating , contracting and managing road freight – its platform handled transactions of 42 million tons of cargo in 2023 worth approximately $ 1.5b .
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CHILE
Chilian fintech Radar raised $ 1.5m in a round led by The Fintech Fund , Everywhere Ventures , Startup Istanbul , Rhombuz VC and the Co-founder of Global66 , Cristóbal Forno .
With the funds , Radar – a specialist in corporate treasury management – is to expand its engineering team in Chile and Mexico .
Habi will use the funds to grow its presence in Mexico and Colombia .
Founded in 2019 , Habi uses data-driven pricing algorithms to buy and sell properties on its platform and provides legal and financial guidance .
Founded in 2022 , Radar offers solutions for payment reconciliations , cash flow projections and massive payments processing .
Over the second half of 2024 , Radar plans to integrate AI to automate processes in their products .
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