BayBrazil annual conference videos are out.
The two-day 10th edition was held at Stanford University and at the iconic SRI International, the birthplace of some of the world’s most important innovations.
Watch videos here.
Here are the highlights on Brazil’s tech and business scene in November:
Crypto regulation: the Brazilian House of Representatives approved the basic text of the regulatory framework for crypto assets in Brazil. It is the country’s first legislation for the sector, which must now proceed to presidential sanction. The text legally defines the types of service providers in the virtual asset market and establishes two large groups of cryptoassets, which have different rules and regulatory bodies.
Latitud’s LatAm report: Latin American consumer fintechs should hold off going public until unfavorable market conditions ease, a report by startup platform Latitud. The report noted a 29% drop in fundraising by private consumer financial technology startups in Latin America in the first half of 2022.
Fintech Flourish FI, founded by Brazilians in Silicon Valley, received a R$ 12 million investment, led by Magma Partners, with participation from Remarkable Ventures, Lightspeed Venture Partners Scout Fund, Canary, Potencia Ventures , Seedstars, Amplifica Capital, and angels. The company’s technology uses behavioral science and data intelligence to increase engagement and loyalty among customers and financial institutions.
BR Media, a company that runs marketing campaigns with digital influencers, raised R$ 105 million. In the round, Bridge One, a venture capital focused on B2B startups, took a minority stake in the company.
JazzTech will invest R$ 25 million in Sanus, a platform designed to help employees make better use of their health plan, bringing savings to HR.
The startup of home health services ISA raised R$ 30 million in an extension of the series A round and announced the acquisition of startup Saúde C.
Klavi, a SaaS platform for data aggregation, analytics and API services focused on Open Finance, is bringing new investors to its US$15 million Series A round, announced in August. New investors are BV bank and RX Ventures, the Renner CVC fund.
Softplan, focused on management and productivity software, has just announced two new strategic acquisitions: legaltech Justto, a platform for mediation and agreements that improves efficiency and facilitates the resolution of conflicts between companies, and the construtech eCustos, specialized in preparing budgets for the construction industry.
Flapper, a Brazilian on-demand executive aviation platform, has just raised another R$ 30 million in the extension of its series A. The round was led by DXA Invest and the alternative investment fund Arien Invest, complementing the BRL 10 million that the fund Aerotec and ACE Startups had already invested.
B3 acquired Neurotech, a technology company specializing in the creation of artificial intelligence, machine learning and big data systems and solutions. The amount to be disbursed could reach R$ 1.14 billion. The completion of the operation still depends on the approval of shareholders, CVM and CADE.
News gathering by Thais Chertman