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Latin American crypto exchange Bitso hits $2.2bn valuation 3 hours ago Latin America s largest cryptocurrency platform, Bitso, has hit a $2.2 billion valuation off the back of a $250 million Series C equity round led by Tiger Global and Coatue. Paradigm, Bond & Valor Capital Group, QED, Pantera Capital, and Kaszek joined the round for Bitso, which offers a crypto trading app for retail investors as well as a professional-grade platform.
Founded in 2014 in Mexico, Bitso already claims more than two million users, with a strong presence in its home market as well as Argentina. Last week its retail platform arrived in Brazil and the firm is planning to move into more countries, including Colombia, over the next few months.
By William Maher on May 4, 2021 5:13PM
Embedding digital capability in a holistic way not often attempted before.
Several years ago, Coles’ technology team looked at how it could use emerging technology to transform the business – not a small task for a business that had nearly 2,500 stores at the time.
There was plenty to experiment with. Technology could help retailers connect online and in-store shopping, making it easier to finish an online shop in a supermarket. It also offered other ways to change the shopping experience – cameras and machine learning technology could be used to detect fresh food at the checkout, for example.
Nido investors facing losses: lender strikes $46.3m conditional property sale
5 May, 2021 01:00 AM
4 minutes to read
NIDO shows off NZ s biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO
NIDO shows off NZ s biggest furniture store, planned to open soon. Julian Bottaro of Nido was filmed in the unfinished project late last year. Video / NIDO
Investors in a planned large-scale retail homeware store face losses after the building s conditional sale for $15.7 million came in well short of what was raised to buy the property. Neil Tuffin, managing director of