Bloomberg Línea — The mergers and acquisitions market for technology companies remains heated amid a more complex scenario of high interest rates and high inflation. Road transport unicorn Frete.com (formerly known as CargoX) has 300 million reais ($55 million) in cash to spend on the purchase of tech companies in Brazil. And new Chilean unicorn Betterfly has bought fintech Flexoh to launch its operations in Europe.

On Monday, Mexican mobility startup Urbvan was bought by Swvl Holdings Corp for $82 million, providing an exit for Kaszek, Angel Ventures, DILA Capital, Mountain Nazca, Capria, Liil Ventures and angel investor Kevin Efrusy, who invested in the startup.

Source: Bloomberg Línea