☀ Domingo Brief — Brazilian cotton, Uruguayan TV, & Caribbean cooperation
Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.
Welcome back to the Domingo Brief! This week, we’re checking out Clara’s HQ announcement, exploring Caribbean cooperation, celebrating the new factory heading to northern Mexico, and more.
Trivia of the Week
Just under half of you (41%) of you correctly guessed Brazil as the last country in the Americas to abolish slavery. Brazil received the most slaves of any colony or country between the 16th and 19th centuries, a little below half of the total of 12M people, and only abolished the institution in 1888. The country continues to deal with the ramifications of the slave trade.
Each week, tune back in for the answer to the previous week’s trivia question. No cheating!
🇧🇷 Clara is moving its headquarters to Brazil following its licensing as a payment institution. The fintech, currently based out of Mexico, is hoping to expand in Latin America’s largest market, where it currently processes roughly $20.8M in monthly transactions.
Latinometrics: While we hold lots of love for Clara’s other main markets in Colombia and Mexico, this move makes sense. The company will be able to use its new license to offer products integrated with PIX (Brazil’s instant payment system) and hopefully double their current transactions.
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