Hey, it’s Yoel 👋 Back again with the 54th 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 🚀
This week’s newsletter is sponsored by Cubbo:
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👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇨🇴 Bold raises $40M to expand its SME-focused fintech platform internationally, starting with Peru. The round was led by General Atlantic, with Cóndor Inverlink, InQlab, and IFC participating.
🇧🇷 Kanastra raises $30M in Series B to scale its private credit infrastructure platform in Brazil. The round was led by F-Prime, with participation from IFC, Kaszek, Valor Capital, Quona Capital, and Itaú.
🇧🇷 Pagaleve raises $29M to scale its Pix-based BNPL platform in Brazil. The round was led by OIF Ventures and Sun Hung Kai & Co, with Credit Saison, Endeavor Catalyst, and others participating.
🇦🇷 Remitee raises $20M to expand its embedded remittance infra, serving clients like Galicia, Santander, and Copec across LatAm, US, and Europe.
🇦🇷 Lemon raises $20M in a record Series B to expand its crypto wallet across LatAm. The round was co-led by F-Prime and ParaFi.
🇧🇷 Zippi raises $15.9M to expand credit access for micro and small businesses in Brazil. The FIDC round was led by Itaú and Verde Asset, with backing from Tiger Global.
🇧🇷 Lastro raises $15M Series A to scale its AI real estate platform. The round was led by Prosus Ventures, with Kaszek and MAYA Capital.
🇧🇷 CredAluga raises $10.9M in Series A to expand its rental finance platform and invest in AI. The round was led by Provence Partners, with Caravela, Honey Island, and Norte participating.
🇨🇴 Akua raises $8.5M to expand its AI-native payments infrastructure across LatAm. The round was co-led by Flourish Ventures and Cathay Latam.
🇨🇱 Creditú raises $6M to expand housing finance in Brazil and Peru. The round was led by Alive Ventures and L4 Venture Builder.
🇦🇷 Takenos raises $5M to expand its digital wallet platform across LatAm. The round was led by Lattice and Variant, with participation from 7 other investors.
🇲🇽 Grupalia raises $4.8M in seed funding to build a neobank for microbusinesses in Mexico. The round included Platanus, Semilla Ventures, Innogen Capital, and Addem Capital.
🇲🇽 Pitz raises $2.1M in pre-seed funding to digitalize auto repair shops across LatAm. The round was led by BFF, Marathon, 500 Startups, and others.
🇺🇾 metaBIX Biotech raises over $1M to expand its AI-powered animal health platform to Mexico and the U.S. The round included AIR Capital, Danta Fund, The Board Perú, and Angel Hub.
🇧🇷 WorkAI raises $1M from M2 Digital to scale its humanized AI, which is already cutting healthcare losses and growing up to 40% monthly.
🇨🇴 Loto LatAm raises $1M in seed funding to expand its SME-focused expense and incentive management platform across LatAm.
🇧🇷 Agent.Shop raises $1M to launch its AI-powered conversational commerce platform in Brazil. The round was led by Maya Capital, Caravela Capital, and Mira Capital.
🇧🇷 Stefanini Group acquires 60% of Escala 24X7 to expand its digital services footprint across LatAm.
🇨🇱 Haulmer acquires Fpay Chile from Falabella to boost its payments ecosystem and gain a prepaid license, marking a key step in its journey to become the neobank for LatAm SMEs.
🇨🇴 Bold acquires VendeMás from Niubiz to enter the Peruvian market. The deal marks Bold’s first international expansion, adding 500K+ merchants to its network.
🇲🇽 Lotux closes second fund to invest $50K–$100K in early-stage startups across LatAm. The VC firm backs emerging ventures aiming to scale innovation in the region.
🇲🇽 Nascent VC launches $15M Fund II, backed by operators and founders like KAVAK, to fuel early-stage innovation across LatAm.
🇸🇻 CoreNest launches a $25M fund and accelerator with the Salvadoran government to support 300 high-potential startups across LatAm.
🇺🇾 Uruguay launches Uruguay Innovates (U+I) to attract investment and position itself as a rising innovation hub in LatAm.
🇵🇪 PVCC25 by PECAP returns Oct 2025, uniting 1,000+ leaders to boost startup investment and celebrate 10 years of VC impact in Peru.
🇨🇴 L’Oréal & Cambridge open global accelerator for sustainable startups with mentoring, certification & investment links; apply by Oct 15.
🇨🇱 inDrive launches 2026 Aurora Tech Award in Chile to empower women-led tech startups with up to $50K in prizes; apply by Nov 12.
🇦🇷 Gavin Wood returns as Parity CEO and will open Polkadot’s sub0 Symbiosis in Buenos Aires on Nov 14, spotlighting the next Web3 phase in LatAm.
🇦🇷 Skrill launches prepaid Mastercard in Argentina powered by Pomelo, expanding digital wallet use to everyday spending.
🇦🇷 Cresium wins the Banco Nación & Endeavor innovation prize among 436 startups, taking home $10K for its digital B2B account solution for SMEs.
🇦🇷 Mozart launches in Argentina with its empathetic AI voice agents for debt collection and support, already billing $15K monthly and raising a $1.5M round.
🇦🇷 SeedsMatch launches AI-powered interview robots to help candidates get hired five times faster, already used by Coca-Cola, Unilever, and Mercado Libre.
🇧🇷 QuintoAndar enters a new phase focused on AI and talent, expanding its tech teams across LatAm and Lisbon to boost productivity and housing innovation.
🇧🇷 Intreguei shuts down operations in June 2025 after financial setbacks; co-founder Giorge Azevedo to oversee full liquidation until 2027.
🇧🇷 Vetera tops $2.17B in vehicle-backed credit, scaling extrajudicial recovery tech across 21 states.
🇧🇷 AI Cube, Dharma AI, and Forlex are Brazil’s finalists in AWS’s global AI accelerator, joining 40 startups worldwide with up to $1M in AWS credits.
🇧🇷 InHire targets $10.9M revenue in 2026 after growing 300% in 2024 with nearly 8x LTV/CAC.
🇧🇷 Tako, founded by ex-DogHero and Rappi execs, processes over $181M in payrolls with its AI platform simplifying HR and compliance.
🇧🇷 Leandro Pinto, founder of Mantiqueira, says Brazil’s strong sanitary controls have become a key competitive advantage for the country’s agribusiness sector.
🇧🇷 iFood launches its proprietary AI model LCM and Ailo assistant to enable WhatsApp orders, boosting recommendation conversion by 66%.
🇧🇷🤝🇬🇧 Remessa Online partners with Mastercard to speed up euro and pound transfers via direct settlement in London.
🇨🇱 Datawalt unveils Chile’s first AI “super-analyst”, slashing weeks of business data analysis to minutes with custom insights for sectors like retail and banking.
🇨🇱 SystemBiotech launches mental health-boosting yoghurt in Chile, entering the functional food market with biotech innovation.
🇨🇱 PedidosYa launches Elevate, a free digital skills program for over 120,000 delivery partners across LatAm, in partnership with Microsoft and IBM.
🇬🇧🤝🇨🇱 Anglo American partners with Nilus to restore high‑mountain ecosystems using artificial ice technology across Chile.
🇨🇴 Finity surpasses $1B in processed transactions and plans further LatAm expansion, offering multi-currency treasury tools across seven countries.
🇨🇴 Mono joins Colombia’s Bre-B system to streamline business payments, enabling real-time collections, transfers, and corporate incentives.
🇧🇷🤝🇨🇴 EBANX partners with MOVii to bring real-time local payments via Bre‑B to global brands in Colombia.
🇲🇽 Allie named a World Economic Forum Tech Pioneer for transforming factories with real-time AI insights and boosting industrial efficiency.
🇲🇽 Tapi launches tapipay in Mexico to automate collections, connecting banks, fintechs, and 50K physical points through a single platform.
🇲🇽 Klar launches Klar Empresarial in Mexico with credit, cashback, and a 360 account to support underserved SMEs through fully digital onboarding.
🇲🇽 Mexican banks and fintechs explore AI’s promise, balancing innovation with infrastructure, talent, and cautious adoption.
🇵🇪 Mobi debuts in Peru with electric motorbikes and battery-swap stations, enabling couriers to start working in 48 hours and cut costs by up to 40%.
🇵🇪 Portero Seguro, the Peruvian startup backed by ProInnóvate, develops the first residential security AI in LatAm and expands to Bolivia, Chile, and Colombia.
🇦🇷🇵🇪 Mercado Libre opens its first logistics center in Peru to enable 24-hour deliveries nationwide and expand its product categories.
🇺🇾 Cabify launches Cabify Club in Uruguay, a loyalty program rewarding frequent users with perks, priority service, and partner discounts.
🇺🇾 Prometeo launches Agentic Banking, enabling AI agents to autonomously perform financial actions like payments and treasury ops across LatAm.
🇺🇾 Cubo Itaú partners with LALA in Uruguay to help startups grow with scalable teams and strategic talent building.
🇨🇴🤝🇪🇨 DRUO teams up with Kushki to simplify recurring payments via bank accounts and cards across Colombia, Mexico, and Peru.
🇻🇪 Cashea now reaches 40% of Venezuelans, processing $300M monthly, equal to 3.5% of the GDP, as the country’s largest Buy Now, Pay Later platform.
🇻🇪 Busi Boletos drives 30% of Expresos del Mar ticket sales digitally, boosting intercity travel access and visibility across Venezuela.
🇬🇧 Financial Times criticizes 🇦🇷 Milei for failing to stabilize the economy, eroding investor confidence and triggering market sell-offs.
🇧🇷🇨🇳 Keeta, backed by Meituan, enters Brazil with a $1B investment, launching in Santos and São Vicente to challenge iFood via SME-focused delivery.
🇲🇽🇺🇸 Ness Digital Engineering opens new AI hub in Guadalajara to boost nearshore delivery, aiming to hire 300+ engineers across LatAm by 2027.
🇺🇸 Meta adds Hindi and Portuguese to its AI Reels translation feature on Instagram and Facebook, boosting creator reach in 🇮🇳 and 🇧🇷.
🇬🇧🇨🇴 Revolut gets Colombian banking license with $146M investment to launch full digital services in 2026.
🇧🇷 Ana Ionova wrote “Brazil Has a New Digital Spending Habit. Now It’s a Trump Target” for The New York Times, examining how Brazil’s fast-growing payment system PIX, used by over 80% of the population, has become both a symbol of financial sovereignty and a new flashpoint in tensions with the U.S. over trade and tech competition.
🇨🇴 Stiven Cartagena published “The challenge of tokenization in Latin America, moving from static assets to a fluid economy”, where he explores how startups across the region are using blockchain to unlock liquidity in real assets, while facing major regulatory and adoption challenges.
