This week two of the unicorn startups (valued at more than $1 billion) made it known that they were expanding. The Mexican startup for buying and selling used cars, Kavak, announced its foray into the Andean region in Colombia, Peru and Chile. Y Brazilian fintech Creditas announced that in addition to extending its Series F by US$50 million for a total of US$310 million dollars.

Kavak began its expansion to the aforementioned countries and Turkey a few months ago in the midst of a complicated situation in the world of venture capital and startups. With this expansion now the most valuable startup in Latin America has coverage in 80% of the regionbecause less than a year ago it arrived in Brazil and Argentina.

Source: Cuba Detail Zero