Business

Facebook co-founder invests in Latin America for the first time: Mexico's Yalochat

Yalochat enables merchants to upsell products and services to their customers and receive payments over instant messages platforms

Eduardo Saverin, co-founder of Facebook. Photo: Eduardo Saverin's Facebook
  • The startup has just raised an investment of $15 million in a series B round;
  • Besides Eduardo Saverin’s venture capital group, Sierra Ventures also participated in the infusion.

Eduardo Saverin, the Brazilian billionaire co-founder of Facebook said in an exclusive interview with Exame that he was excited to invest for the first time in a Latin-American startup: the Mexican Yalochat.

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Yalochat is a conversational commerce platform. It enables merchants, such as Coca-Cola, to upsell products and services and collect payments over WhatsApp, Facebook Messenger, and WeChat.

The startup has just raised an investment of $15 million in a Series B round led by Eduardo Saverin‘s fund, the B Capital Group. The American venture capital fund Sierra Ventures also participated in the infusion.