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Latin America’s market is up and running. With big technological hubs spread throughout countries like Brazil, Mexico, and Colombia, for instance, it’s not by chance that the region has been showing an ever-growing number of companies reaching the status of unicorns, becoming a hotbed for innovative and disrupting businesses.
The ongoing development of the region caught the eye of the Japanese tech group SoftBank, which announced last week the launch of a $5 billion fund for technology in Latin America.
Latin America is on the cusp of becoming one of the most important economic regions in the world, and we anticipate significant growth in the decades aheadMasayoshi Son, chairman and chief executive officer of SBG
The company investments will target sectors such as e-commerce, fintech, healthcare, mobility and insurances, benefiting companies in countries across the region, like Brazil, Mexico, Chile, Colombia and Argentina.
During a press release, Marcelo Claure, who is executive chairman of SoftBank’s U.S. telecoms unit Sprint Corp, said: “There is so much innovation and disruption taking place in the region and I believe the business opportunities have never been stronger”. Claure, who’s from Bolivia, will lead the new project called SoftBank Innovation Fund in Latin America.