Hey, it’s Yoel 👋 Back again with the 93rd edition of Dealflow LatAm: your go-to source for all the deals, moves, and momentum in the region’s startup scene.
Plenty to break down—so let’s get into it 🚀
👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇨🇴 Siigo secures $103.5M, with Banco de Occidente contributing $18.5M, to expand its SMB accounting and invoicing software across LatAm.
🇻🇪 Cashea raises $100M Series B to expand its BNPL platform, which serves 10M+ consumers and 40K merchants in Venezuela.
🇸🇻 Ábaco raises $53M — Central America's largest fintech raise ever — to scale AI-powered SMB factoring across the region.
🇧🇷 Jusfy raises $15M Series A led by Quona Capital to scale its AI legal OS and expand JusPay across Brazil's legal market.
🇧🇷 Conta Cheia raises $9.8M from an undisclosed fund to scale its private payroll credit platform for CLT workers in Brazil.
🇲🇽 PuntoPost raises $4.8M with Liverpool as strategic investor to expand its 2,000+ last-mile delivery point network across Mexico.
🇲🇽 Mango raises $3M Seed led by Brick & Mortar Ventures to build the first credit bureau for Mexico's construction industry.
🇧🇷 Medipreço raises $500K from BDev Ventures to scale its AI-powered pharmacy benefits platform in Brazil.
🇧🇷 Urbis raises $394K pre-seed to scale its AI-powered white-label loyalty platform for subscription businesses in Brazil.
🇧🇷🇲🇽 Nubank launches banking ops in Mexico (Aug 6) and acquires Banco Porto Real in Brazil, pending Central Bank approval.
🇧🇷 Núclea acquires Data Rudder to bolster its fraud prevention and anti-money laundering capabilities, pending Central Bank approval.
🇨🇴🤝🇫🇷 Gopass acquires Pluxee Flotas Colombia (18M+ gallons/year, ~$130M in annual volume) to consolidate its position in Colombia's mobility market.
🇺🇾 HSBC acquires an $18M stake in DLocal, which posted Q1 revenue of $336M (+55% YoY), as UBS upgrades the stock to Buy with a $20 target.
🇧🇷 Sai do Papel launches its 4th fund ($3.9M) adopting a venture debt model with convertible notes above CDI for revenue-generating startups.
🇨🇱 Chile's fintech ecosystem grows 15% to 557 companies, with 85% of internationally active firms planning further expansion.
🇲🇽 Tec de Monterrey opens applications for EdTech Accelerator Batch 2026, selecting 10 LatAm startups to scale in the Mexican market. Apply by July 26.
🇸🇻 ISD Tour 2026 arrives in El Salvador on July 28, connecting startups with global investors and a $1M Startup World Cup prize.
🌎 Volcano Innovation Summit returns to Guatemala on 5–7 September, connecting 2,200 leaders and 50 LatAm startups with global investors.
🇲🇽 Decelera México 2026 opens applications for LatAm founders, offering up to $300K initial checks and expert support; 📅 October 2026 in Playa del Carmen.
🇺🇾 MERGE Startup Contest 2026 opens applications for Web3 startups, offering €50K+ in prizes and investor access. Deadline: September 6.
🇦🇷 Jeeves launches in Argentina with corporate accounts, cross-border payments, and stablecoin tools, targeting $500M in annual stablecoin volume.
🇦🇷 Nexo launches its crypto-backed card in Argentina via Pomelo, enabling daily payments with digital assets without selling holdings.
🇧🇷 El Niño's return is accelerating deal cycles for Brazilian climate techs like i4sea and Fractal, cutting contract negotiation times from 540 to 90 days.
🇧🇷 Zetta shifts stance, calling for closer collaboration with Febraban as member fintechs like Nubank increasingly adopt banking licenses.
🇧🇷 Zeom launches in Brazil with a $2.9M pre-seed, positioning its blockchain+AI platform as a "global banking" alternative to Wise and Nomad.
🇧🇷 XP Empresas enters the acquiring market and launches a Visa Infinite credit card for SMBs, expanding its financial ecosystem beyond investments.
🇨🇱 Global66 enables Apple Pay and Google Pay support for its Smart Card, allowing customers to pay at physical stores directly from their phones.
🇨🇱🇨🇴🇵🇪 nuam completes its regional rollout, unifying Chile, Colombia, and Peru on a single equity trading platform capable of 10K transactions per second.
🇨🇱🇲🇽 Xepelin targets 50% cllient growth in Mexico, repositioning from SMB lender to AI-powered financial intelligence platform for its 65K+ customers.
🇲🇽 Tec de Monterrey develops MicroSensOil, a microsensor that detects lithium battery degradation early to prevent EV fires, in collaboration with MIT.
🇲🇽 Rappi reports Mexico's World Cup matches drove up to 120% demand spikes and 40%+ higher average order values on its platform.
🇲🇽 Bsale and Tiendanube partner to help SMBs scale through omnichannel integration, real-time inventory management, and data-driven decision-making.
🇲🇽 Stori raises savings rates against the market trend, boosting its 90-day investment product from 8% to 11% GAT to strengthen its deposit offering.
🇵🇪 PathPilot (YC-backed) launches an AI agent platform for lenders, automating origination, servicing, collections, and auditing across the credit lifecycle.
🇵🇪 ALPS Perú integrates with Yape (20M+ users), enabling merchants to accept Peru's top digital wallet via a single API connection.
🇨🇴🇵🇪 Welli launches in Peru, targeting 5K patients in year one, as it expands its healthcare financing platform across LatAm with Mexico as its next key market.
🇧🇴 Banco Mercantil Santa Cruz launches KOIN, Bolivia's first bank-backed digital asset e-wallet, enabling USDC payments via Visa.
🇸🇻 TOHKN launches a regulated platform letting LatAm users invest in tokenized US stocks, ETFs, and crypto from just $10.
🇨🇴🇻🇪 Tpaga and Ábaco enable donations from Colombia to Venezuela's earthquake victims (5,300+ deaths), open to anyone without a platform account.
🇦🇷🇧🇷 Mercado Libre raises $295M in financial notes (2.2x oversubscribed) to fund Mercado Crédito's expansion in Brazil.
🇧🇷🇺🇸 The U.S. imposes 25% tariffs on Brazil, citing Pix as an unfair trade practice, the first time public digital payment infrastructure has been sanctioned.
🇨🇱 Chile approves a 15% payroll tax credit for digital service exports, boosting internationalization prospects for the country’s 557 fintechs.
🇲🇽 Mercado Pago and Klar call for Mexico's fintech regulatory framework to evolve faster and foster closer regulator-industry collaboration.
🇪🇸 Latitude published “I made 5 frontier models run 410 coding tasks. Coding ability is not what separates them.”
