Miami startup iguama plans to open up its online shopping mall for U.S. brands to more consumers across Latin America, with the help of a $5 million Series A financing round led by technology venture capital firms Kibo Venturesand PeopleFund.
The company provides consumers in Latin America access to U.S. retail brands typically not available in local malls. Founded in 2014, iguama is the first cross-border e-commerce shopping club where members receive competitive pricing and exclusive deals, promotions on purchases from merchants such as Nordstrom, BCBG, Target, Overstock, Juicy Couture and others. All local customs, taxes and shipping are handled by iguama, removing international barriers from customers and providing a seamless shopping experience.
