Domingo Brief — Lithium in Puno, Revolut’s Brazilian debut, & Chile looks to the stars

Each Sunday, take two minutes to catch key stories and opportunities shaping Latin America.

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🇦🇷🇧🇷🇵🇪 Argentina, Brazil, & Peru are just 3 of the Latin American countries seeing surges in job growth driven by the US drive for nearshoring. Amidst a push for remote-work outsourcing and supply chain issues with Asia, Latin America’s attractive location—sandwiched between the US and Western European time zones—and skilled workers with cheaper wages makes it a perfect fit for companies considering a change.

Latinometrics: The figures are looking good! Deel Inc., a global human resources company whose clients include both Shopify and Dropbox, said that 3K US-based companies hired Latin American workers through its service in the first quarter of 2023—that’s double the number from last year.

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🇧🇷 Revolut is at last making its Brazilian launch. The British fintech, which brought in revenues of over $460M last year, is making its splash in Latin America’s largest market by offering multi-currency accounts and crypto investments. The first 50 local employees have already been hired.

Latinometrics: With over 29M customers worldwide, Revolut is a massively successful tech company that currently operates in Europe, Japan, Singapore, and the United States. The neobank’s launch in Brazil will be its entry into highly-competed Latin America, though company executives are also exploring the Mexican market.