Reserva tu cupo para el entrenamiento más completo en Open Finance de Colombia 🇨🇴. Inscríbete a nuestro Fellowship
Por favor verifica tu e-mail para tener acceso completo al Hub haciendo click al link enviado a youremail@gmail.com
Reenviar correo de verificación

SoftBank Earmarks $1B For FinTech, eCommerce And Healthcare In LatAm

April 7, 2020
Por
Jorgelina do Rosario
Jorgelina do Rosario
Editor @ Bloomberg LP.
📷
bloomberg.com
SoftBank Group Corp. will continue to invest in Latin America this year, focusing on industries including e-commerce, health care and fintech.
Contenido para Usuarios 🔒

As part of its $5 billion Latin America Fund launched in the first quarter of 2019, the Japanese giant plans to dole out $1 billion in 2020, adding to last year’s $1.6 billion. It’s poured $100 million to $150 million into each of 17 companies and two venture capital firms so far, though the playing field is bigger: SoftBank has its sights on roughly 650 firms in the region.

“We are focused on investing in companies that could achieve long-term profitability,” Andres Freire, a managing partner and head of SoftBank’s Southern Cone region, said during a roundtable with reporters in Buenos Aires. Countries such as Argentina, Brazil, Chile, Colombia and Mexico are in the spotlight, and Freire said there’s no preset amount by nation.

SoftBank’s investments include the Colombia-based delivery startup Rappi, Brazil fitness company Gympass and Argentine fintech Uala. The firm’s expansion in Latin America is also looking at startups that apply artificial-intelligence to food-related businesses, especially those focused on plant-based food.

It’s “paying special attention” to two companies from Brazil, one from Peru and one from Chile, Freire said.

In addition to the investments, SoftBank will launch an 11-week program with the Correlation One foundation to train and potentially hire future AI experts, he said. The firm will also continue to invest directly in venture capital firms, after taking a $130 million stake in Kaszek Ventures and making a $100 million investment in Valor Capital Group in 2019.

More than 50% of the startups the regional fund has invested in are from Brazil:

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

As part of its $5 billion Latin America Fund launched in the first quarter of 2019, the Japanese giant plans to dole out $1 billion in 2020, adding to last year’s $1.6 billion. It’s poured $100 million to $150 million into each of 17 companies and two venture capital firms so far, though the playing field is bigger: SoftBank has its sights on roughly 650 firms in the region.

“We are focused on investing in companies that could achieve long-term profitability,” Andres Freire, a managing partner and head of SoftBank’s Southern Cone region, said during a roundtable with reporters in Buenos Aires. Countries such as Argentina, Brazil, Chile, Colombia and Mexico are in the spotlight, and Freire said there’s no preset amount by nation.

SoftBank’s investments include the Colombia-based delivery startup Rappi, Brazil fitness company Gympass and Argentine fintech Uala. The firm’s expansion in Latin America is also looking at startups that apply artificial-intelligence to food-related businesses, especially those focused on plant-based food.

It’s “paying special attention” to two companies from Brazil, one from Peru and one from Chile, Freire said.

In addition to the investments, SoftBank will launch an 11-week program with the Correlation One foundation to train and potentially hire future AI experts, he said. The firm will also continue to invest directly in venture capital firms, after taking a $130 million stake in Kaszek Ventures and making a $100 million investment in Valor Capital Group in 2019.

More than 50% of the startups the regional fund has invested in are from Brazil:

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

Este contenido es solo para
usuarios Prime 👑 del Hub.

Hacer upgrade ▸
Apoyado por:
Contacta al equipo
No items found.

Fintechs en
tendencia del Hub

No items found.

Ecosistema Fintech

¿Alguna novedad que quieras compartirnos?
escrÍbenos a hola@latamfintech.co
¿Alguna novedad que quieras compartirnos?
escrÍbenos a hola@latamfintech.co

Últimos movimientos

¿Alguna novedad que quieras compartirnos?
escrÍbenos a hola@latamfintech.co
¿Alguna novedad que quieras compartirnos?
escrÍbenos a hola@latamfintech.CO

Más Makers Imparables

PFM 💰
Somos la reparadora de crédito más grande de Latam y Europa. Cambiamos vidas.

Más Insights

Por
Finerio Connect
Finerio Connect
Newsroom about Finerio Connect
Open Finance 💡

Nuestra comunidad

Grupo de SLACK

Tenemos un grupo de Slack con todos los miembros registrados del Hub para que sigamos conversando.
uNIRSE AL GRUPO

RESUMEN SEMANAL

Todas las semanas envíamos a tu email un resumen con todos los avances en el ecosistema Fintech.
Abrir el Blueprint

Usuario pRIME 👑

Acceso ilimitado. Desbloquee la cobertura exclusiva, entrevistas con CEOs, eventos especiales y más.
Activar suscripción