Connect33 Newsletter, August 2024

Juan Pablo Chapa

Juan Pablo Chapa

— 3 min read
Connect33 Newsletter, August 2024
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Hi readers, welcome to our August edition covering Latin American technology trends, expansion, and M&A. A special welcome to our new readers, you’re joining an exclusive community of readers from top technology companies worldwide. ¡Vámonos!

  • The AI wave continues to grow on software development teams: Github’s latest survey included 2,000 people on software development teams at enterprises in the US, Brazil, India, and Germany about the use, experience, and expectations around generative AI tools in software development.
    • Our take: With more than 97% of respondents reporting using AI tools at work, Brazil stands out, matching the US with usage level. The level of AI adoption is encouraging amongst the surveyed software engineers, data scientists, and software designers, who believe these tools improve code quality, security, and the ability to adopt new programming languages. However, there continues to be a shortage of skilled AI workers across Mexico and Latin America, with an estimated 2.5 million technology positions remaining vacant across Latin America. I encourage all software engineering leaders to read the full report. We will continue monitoring this topic via our network of software partners in the region, stay tuned.
  • Google (Nasdaq: GOOG) announced it will open its second data center in Latin America in the Uruguayan city of Canelones and invest more than $850 million. (Reuters)
  • Addepar, a global tech and data company, announced its partnership with Brazil’s Itaú Private Bank, its first regional partner. (Addepar)
  • Nuvei (Nasdaq: NVEI), the Canadian fintech company, announced its acquisition of Pay2All in Brazil. (PRNewswire)
  • Datapro, a leading provider of core banking systems and digital solutions, collaborated with Mastercard to expand the integration of Mastercard's cross-border services. (Yahoo Finance)
  • PowerSchool (NYSE: PWSC), the leading provider of cloud-based software for K-12 education in North America, announced partnerships in Belize, Honduras, Mexico, Panama, and Venezuela. (Yahoo Finance)
  • Nium, a global leader in real-time cross-border payments, is strengthening its presence in Latin America by applying for essential licenses and signing new customers. (PR Newswire)
  • Credit Saison, a Japanese credit investor, committed $200M to backing startups in Mexico and Brazil. (Reuters)
  • Assured, a prominent IT managed services provider for cloud data protection, announced its expansion into Latin America in partnership with Rubrik (NYSE: RBRK) (Business Wire)
  • Hitachi Vantara, the Japanese technology giant, is growing its presence in Latin America to capitalize on the region’s surging demand for data solutions. (Nearshore Americas)
  • Conduit, the LatAm-based cross-border payments provider, expanded from LatAm into Africa with a $6M round. (Techcrunch)
  • Coinflip, a leading US-based global digital currency platform, announced its expansion to Mexico, its third LatAm market. (Business Wire)
  • Mavenir, the cloud-native network infrastructure provider building the future of networks, and Whitestack, an open-source developer of Telco cloud solutions, announced a collaboration as part of a deployment in Latin America. (Globenewswire)
  • Connect33, announced a partnership with Equals11 to offer Salesforce consulting services across Latin America.
  • We recently onboarded our 20th software partner to the LatAm Partners marketplace. Please contact us via our website to learn more about our offering.
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