Mexico

Tinder Announces Rollout of ID Verification in United States, United Kingdom, Brazil, and Mexico

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Tinder is expanding its identify verification program to users in the U.S., U.K., Brazil and Mexico, the company announced on Tuesday. The company found that users who completed the ID Verification option saw a 67% increase in matches than those not verified. Tinder now says that users who only complete the app’s Photo Verification will now receive a blue camera icon badge, while users who only complete the ID Verification will receive a blue ID icon badge. Users who complete both the ID Verification and Photo Verification will receive a blue checkmark. It makes sense for Tinder to expand ID verification to more countries, especially as AI scams and romance scams are on the rise.

“Leveraging $165M in Equity and Debt: Kapital Empowers LatAm Small Businesses with Financial Clarity”

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Bank and technology platform Kapital continues to rake in venture capital, grabbing another $40 million in Series B dollars and $125 million in debt financing. We previously covered Kapital’s $20 million Series A in May that included $45 million in debt. Rene Saul and Fernando Sandoval co-founded Kapital in 2020 to provide similar financial visibility to small businesses, using data and artificial intelligence, that large enterprises have. “Small businesses represent 90% of the world’s businesses; however, in Mexico, only 10.5% of those small businesses have access to total bank credit,” Saul said. “That’s what we’re fixing — we give them visibility of their finances.”In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru.