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Nocnoc raises $14m in Series A funding

Uruguay based cross-border payments startup raised $14m in Series A funding led by PayPal Ventures.

“Cross border e-commerce is growing faster than local commerce in the last five years,” said Nocnoc CEO Ilan Bajarlia. “People are keen to buy products that they can’t buy in their local market, so very large marketplaces from the world have been growing their share in Latin America, specifically, Chinese and U.S.-based marketplaces.”

Tags

payments, latam