Latin America Roundup: Loft raises $175M, Softbank invests in Mexico’s Alphacredit and Rappi pulls back

Brazil’s famously-tricky real estate market has long drawn international investors to the region in search of tech solutions. Loft is also a16z’s first and only Brazilian investment. Co-founded by serial entrepreneurs and investors, Mate Pencz and Florian Hagenbuch in 2018, Loft uses a proprietary algorithm to process transaction data and provide more transparent pricing for both buyers and sellers.

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