Hey, it’s Yoel 👋 Back again with the 73rd 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 🚀

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Startup funding news 💸

Rounds of $10M+:

• 🇦🇷 Ualá raised $195M led by Allianz X, reaching a $3.2B valuation to expand its financial ecosystem across LatAm.

• 🇧🇷 C6 Bank raised $133M via financial notes issuance to diversify funding and support growth.

• 🇲🇽 ARQ (DollarApp) raises $70M to expand its financial services platform in LatAm. The round was led by Sequoia Capital.

• 🇲🇽 Cicada raised $13.5M Series A led by Citi, to digitize Mexico’s $500B local bond market and expand across LatAm.

Rounds $1M to $10M:

• 🇧🇷 Zapia raises $7M to strengthen its AI assistant app and launch Zapia Max. The round was led by Prosus Ventures.

• 🇸🇻 Propi raised $4.2M seed with Second Century Ventures to expand its digital real estate platform across Central America.

• 🇧🇷 Celero raises $2.9M Series A to expand its SME data infrastructure platform for financial institutions in LatAm. The round was led by Headline.

• 🇧🇷 Oxus Finance raised $2.4M led by Echo3 Participações to build a cross-border payments platform using stablecoins and Swift.

Other rounds of funding:

• 🇺🇾 Pooshlo raises $500K in an angel round to launch its AI-powered influencer marketing platform. The round was backed by Draper House Club.

• 🇧🇷 Elephan.AI raises $571K to expand its revenue intelligence platform for enterprise clients. The round was led by Triaxis and Crescera (Criatec 4).

• 🇧🇷 Vitrify raises $190K in angel funding to expand its AI platform for private credit data, already used by Itaú and BTG.

• 🇧🇷 CareOn raises an undisclosed investment from Afya’s CVC to expand its platform connecting doctors with hospitals and clinics across Brazil.

M&A transactions 🎊

🇧🇷 Elo acquires ChatBank’s AI technology to expand banking services via WhatsApp and develop AI agents for payments and financial interactions.

🇧🇷 Pagsmile acquires 49% of a55’s SCD credit fintech to expand into corporate lending, pending Central Bank approval for full control.

🇨🇴🤝🇲🇽 Habi acquires Pulppo to integrate AI tools for real estate brokers and expand its proptech platform across LatAm.

🇨🇴 Serfinanza acquired 30% of Tpaga to expand digital payments, embedded finance, and AI solutions in Colombia.

🇨🇱🤝🇨🇴 Paket was acquired by Carryt, marking a cross-border consolidation in LatAm social commerce and ecommerce.

Investor & accelerator news 🚀

🇪🇸🌎 Madrid launches programs to attract LatAm AI, fintech, and edtech startups, offering soft-landing support, mentoring, and free workspace to scale into Europe.

🇪🇸🌎 BBVA Spark has committed €1B in financing and closed 30+ deals with startups in 2025 across Europe and LatAm.

🇧🇷 Spectra Investimentos reports 72% of corporate venture capital (CVC) funds in Brazil have negative returns, with an average IRR of -10%.

Opportunities & Deadlines 👀

• 🇧🇷 GITEX LATAM debuts in SP on Mar 16 2027, bringing the world’s largest tech and innovation event to boost digital transformation and global partnerships.

• 🇲🇽 Bitso Business confirms the Stablecoin Conference LatAm 2026, gathering global leaders on stablecoin innovation in Mexico City; 📅 June 15–16.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 Restart, launched by Fibertel founders, provides applied AI solutions for enterprises in LatAm, targeting $100M in revenue.

🇧🇷 Brazil

• 🇧🇷 Inter launches Pix via WhatsApp, enabling users to send instant payments through AI-powered chat without leaving the messaging app.

• 🇧🇷 Monkey is set to benefit from Brazil’s electronic invoice reform, which digitizes receivables and expands credit access for companies.

• 🇧🇷 PagCorp launches a platform to manage corporate expenses, benefits, and rewards through integrated Mastercard cards.

• 🇧🇷 InfinitePay launches Soma, a shared wallet that lets multiple users pool funds and track expenses in real time via Pix.

• 🇧🇷 Moura reports 65% growth in sales of its Ella e-bike after new Contran rules requiring licenses and plates for mopeds boosted demand for electric bikes.

• 🇧🇷 Jusfy doubles revenue to $10M+ ARR as adoption of its AI tool JusGPT grows among lawyers, reaching 50K+ subscribers.

• 🇧🇷 Inbazz targets $2M revenue in 2026, using AI to automate influencer campaign management for brands and e-commerce companies.

• 🇧🇷 Locaweb launches Locaweb Cloud, a cloud platform for SMEs and developers promising up to 70% lower costs than global providers.

• 🇧🇷 RecargaPay partnered with Prudential do Brasil to offer digital loan-protection insurance to its 13M users.

🇨🇱 Chile

• 🇨🇱 Reuse doubled revenue to $30M in 2025 from refurbished devices in LatAm and partnered with Samsung for trade-in programs in Mexico 🇲🇽 and Peru 🇵🇪.

• 🇨🇱🇧🇴 Vita Wallet became the first international fintech authorized to operate crypto in Bolivia under the country’s new fintech regulation.

• 🇫🇮🤝🇨🇱 Oura and Falabella launched Oura Ring 4 in Chile with exclusive retail distribution in 19 stores and online.

🇨🇴 Colombia

• 🇨🇴 a2censo added Fundación Grupo Social as its first anchor investor, boosting regulated crowdfunding for SMEs in Colombia.

• 🇨🇴 Clara highlights AI adoption in corporate finance, with Colombia ranking 4th in LatAm for AI use in companies.

• 🇨🇴 Nequi opened a waitlist for buying and selling digital dollars (USDC) in Colombia with support from Wenia and Bancolombia.

🇲🇽 Mexico

• 🇲🇽 Agxes, founded by Victoria Tostado, uses AI to convert agronomic data into credit analysis for agricultural financing and is in talks with global agri-banks.

• 🇲🇽 World Vision México and Cheaf launched a campaign to cut food waste and fund urban gardens tackling hunger.

• 🇨🇴🤝🇲🇽 Moonflow partnered with Puntored to combine AI debt-collection software with Mexico’s largest payment network.

• 🇳🇱🇲🇽 Mambu expanded its Payments Hub to Mexico to help banks and fintechs modernize payment infrastructure.

🇵🇪 Peru

• 🇨🇱 Buk expands its HR SaaS platform in Peru, helping companies automate payroll, hiring, and talent management.

🇺🇾 Uruguay

• 🇺🇾🇵🇪 Prex could become Peru’s first 100% digital credit institution pending final regulatory approval.

🌎 Other LatAm News

• 🇻🇪 A man was arrested for attempting to extort Ridery by threatening to leak customer data and demanding $14K via Binance.

• 🇨🇷 Uber reports Costa Rica as its most profitable and highest-penetration market in LatAm, driven by strong adoption and efficient urban mobility.

Big company & policy news 💡

🌎 Distrito names 12 LatAm startups most likely to reach $1B valuation by 2026, led by Brazil (9), Colombia (2) and Mexico (1).

🇦🇷🇧🇷 Banco do Brasil launches Pix payments in Argentina with Banco Patagonia, enabling Brazilian users to pay via QR code abroad.

🇦🇷🇨🇴 Mercado Libre invests $470M in Colombia, strengthening logistics, tech hiring, and SME digitalization.

🇧🇷 Alessandro Molon launches Dig.ia alliance with big techs (Google, Meta, Amazon, Microsoft) to push policies attracting data center investment to Brazil.

🇧🇷 Nu (Nubank) could reach a $100B valuation by 2026, according to Morgan Stanley projections.

🇧🇷 Brazilian banks will inject $6.2B into the FGC to replenish reserves after payouts tied to the collapse of Master and Will Bank.

🇧🇷 Agibank launches Agi Asset Management to develop credit products and expand into wholesale banking services.

🇧🇷 Keeta lays off ~200 employees after delaying its Rio de Janeiro launch, as the delivery startup reassesses its Brazil expansion strategy.

🇧🇷 StoneCo shares fell 17% this week, leading declines among Brazilian fintechs listed in the U.S., including PicPay, XP, PagBank, and Inter.

🇺🇸🇧🇷 Meta will allow third-party AI chatbots on WhatsApp in Brazil after a CADE ruling, charging companies $0.0625 per message via its Business API.

Interesting reads 💡

🌎 Cuantico VC published the Latin America VC Report 2026, offering a data-driven look at the region’s venture ecosystem amid a complex market cycle. The report highlights cautious investor optimism, $4.1B invested across 681 rounds in 2025, and introduces a new VC Efficiency Index comparing regional ecosystems.

🇺🇾 Bankingly says financial ecosystems are now essential in LatAm, requiring integrated digital banking, onboarding, AI support and fraud prevention.

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