Latin Leap is a Venture Capital Studio seeking to contribute to the Latin American economy through technology investments in regional early-stage start-ups and to soft-land purpose-driven technology companies in Latin America. It expects to invest USD$25m in around 15 startups over the next three years. It will mainly focus its investments on the AI-enabled, fintech, healthtech, edtech, proptech, and mobility tech sectors in Mexico, Colombia, Peru, and Chile.
Latin Leap has appointed Apex Group to provide a full suite of Fund Administration Solutions which will be delivered via Apex Group’s established Uruguay office, led by Agustin Mariatti.
Fund Administration is at the core of Apex Group’s single-source solution, delivering timely, accurate and independent services, underpinned by market leading technology platforms. According to a recent Total Economic Impact (TEI) report by Forrester Consulting, clients of Apex Group’s single-source solution achieve, on average, cost benefits of $5.39m, with a net present value of $2.75m over a three-year period.
This appointment continues Apex Group’s growth momentum in Latin America, following the acquisitions of BRL Trust Investimentos and BRL DVTM, Brazil’s leading fund administrator and custodian and of MAF, the fund administration business of the Brazil-based Banco Modal.
Alex Contreras, SVP, Business Development at Apex Group comments: “The launch of Latin Leap’s VC fund is a welcome development against the wider backdrop of macroeconomic uncertainty slowing flows of capital to early-stage businesses. We are pleased to support Latin Leap, whose investment thesis focuses on investment in purpose-driven tech scale-ups that have a long-term positive impact on society, aligns with our own desire to provide positive change in the financial services industry. This latest appointment is testament to Apex Group’s ability to deliver unrivalled services and client experience, on a global scale, underpinned by leading technologies and experienced local teams.”
Stefan Krautwald, Managing Partner of Latin Leap adds: “We are delighted to partner with Apex Group as we launch our new Latin America focused early stage VC fund. We have been impressed by Apex Group’s ability to deliver reliable fund administration services across all our key jurisdictions with multilingual, expert local teams. As history has shown us, periods of market dislocation create opportunities for enterprising start-ups which seek capital to fund their growth; Apex Group’s fund administration services and single-source solution will enable us to scale our operations as we expand.”
About Apex Group
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices worldwide and 12,000 employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Press contact:
Antonia Powell| antonia.powell@apexgroup.com |
About Latin Leap
Latin Leap is a Venture Capital Studio (VC Studio) established to contribute to the leapfrogging of Latin America through technology investments in regional early stage start-ups and to soft-land purpose-driven tech companies in Latin America. Through strong human and financial commitment, Latin Leap aims to provide international tech scale-ups with access to essential resources for successful deployment in Latin America. Latin Leap is positioned to operate at levels of efficiency characteristic of tech-based companies.
By offering preferred access to corporate partnerships and experienced venture partners who serve as gatekeepers of the Latin American market, Latin Leap aims to help tech companies establish a unique geographical footprint in the region.
