Expanding Market Reach

David discusses the impressive growth of their customer base, highlighting significant expansions into Mexico and Colombia, including the launch of savings accounts and the acquisition of over a billion dollars in retail deposits. While revenue soared to over $8 billion in 2023, the conversation shifts to the decline in venture funding in Latin America, with a notable drop from $7.5 billion in 2022 to $3.3 billion, raising questions about the future of global investment in the region.

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Equity
The tourist VCs in LatAm have gone home
Related Questions
- I have a question about the episode 20VC LATAM Part 2: a16z's Angela Strange on When To Expand Beyond Your Core Market, Why Serving the Unbanked is Such Good Business & Whether the Startup Will Acquire the Distribution before The Incumbent Acquires the Innovation? and the clip Timing Expansion. How can I expand a business?

Expanding Market Reach

In this clip

From this podcast

Equity

The tourist VCs in LatAm have gone home

Related Questions