In per capita terms, the nation is a global leader in software exports. It was never Santiago Zabala’s dream to sell women’s underwear. But when the Uruguayan tech entrepreneur saw a gap in the US lingerie market for women of diverse shapes and sizes, the opportunity seemed too good to ignore. “It might sound weird [...]
DLocal, a payments startup, has seen its valuation more than quadruple to $5 billion after raising $150 million in an investment round led by Alkeon Capital. The Montevideo, Uruguay-based company also raised fresh capital from investment firms Bond, D1 Capital Partners and Tiger Global. DLocal, which processes cross-border payments, separately appointed Sumita Pandit, a former [...]
Ingleby Farms, an open range cattle ranch in Uruguay, is the first Certified Humane beef company in Latin America. The Certified Humane logo appears on its exported beef products and on products consumed locally in Uruguay, where seven farms with 60 employees are responsible for 17,000 head of cattle, raised open-range, without confinement. Uruguay differs from [...]
According to the SDG Center for Latin America and the Caribbean of the Los Andes University and the Sustainable Development Solutions Network, the results were not encouraging even before the pandemic. Climate action is the Sustainable Development Goal (SDG) in which Latin America has improved the most, while Innovation is the worst. In 2015, the [...]
Lupa, the Spanish startup, has announced that it will have one of its electric vehicle factories in Uruguay. The first two models to be produced will be the five-door compact (Lupa E26) and the van focused on the last mile distribution (Lupa E66). Later an SUV, the E137, will follow. This factory will distribute throughout [...]
The small South American country of Uruguay represents a modest BPO market with a unique set of advantages and challenges. These have been brought into sharp relief during the COVID-19 pandemic, as has the country’s long-held position as a resilient value play. “We don’t look at Uruguay as a cost play – this is a [...]
Uruguay’s dollar bonds have outperformed all their emerging-market peers this year as the small nation, sandwiched between the Covid-19 hotspots of Argentina and Brazil, gives its neighbors a masterclass on how to deal with the pandemic. Uruguay’s bonds have returned 14.8%, more than double that in China and Russia, according to the Bloomberg Barclays Emerging [...]
Yesterday, I was out at a stunning new golf community just outside of Cabo. There’s been a major water issue with many of the golf courses here. They can only be watered with grey water—which is fine during normal times—but because the hotels have been quieter than usual, there hasn’t been enough wastewater in recent [...]
Montevideo, Uruguay-based fintech dLocal has achieved a valuation of US$1.2bn, making it Latin America’s latest fintech unicorn Not only is it one of the continent’s most highly valued fintechs it is also Uruguay’s first and (to date) only unicorn. The company reached the milestone following a $200m funding round led by previous investor General Atlantic, [...]
As the pandemic's long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking for values far from the densely-packed districts that are their customary areas of interest. How far? How about Uruguay? As in the South American nation of 3.5 million [...]
Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI - currently equivalent to $378,000 - will qualify for tax residency. Newcomers can also obtain residency by investing more than 15 million UI in a business that creates at least 15 [...]
Latin America has become the new center of spread for the COVID-19 pandemic. Distressing images from Guayaquil and Manaus are met with riots in Santiago, Chile and the empty thoroughfares of Buenos Aires, Argentina. Today, most of the continent lives under strict quarantine. Uruguay is an exception, with the country seeing the shallowest decline in [...]
