Hey, it’s Yoel 👋 Back again with the 68th 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
🇲🇽 Alfred raises $15M Series A to scale cross-border payments infrastructure in LatAm. Led by F-Prime Capital.
🇪🇨 Jelou raises $10M Series A to scale Brain, its AI platform for financial operations inside WhatsApp. Led by Wellington Access Ventures.
🇧🇷 Revena raises $7.6M to scale its AI platform that reduces hospital revenue losses. The round was led by Canary.
🇧🇷 Anbetec raises $5.7M from SRM Ventures to expand its AI-powered ERP and offer $30M in credit by 2026.
🇧🇷 Lerian raises $5.5M from Maya Capital and others to scale its open-source core banking platform and expand into the U.S. and LatAm.
🇨🇴 Refurbi raises $4M to expand its refurbished electronics platform to Mexico. The round was led by Latin Leap.
🇧🇷🇪🇸 Delfos raises $3.3M led by Copel Ventures to expand its AI platform for renewable energy across Europe.
🇲🇽 Leracom AI raises $1M pre-seed led by WeBoost to expand its AI-powered customer service SaaS in Mexico, Colombia, and Chile.
🇦🇷🤝🇺🇸 Winclap acquires Brkaway to scale creator marketing in LatAm, aiming for $14M in revenue from its content unit.
🇧🇷 Tem Lugar receives investment from Mouts TI to expand its logistics platform with AI and data analytics tools.
🇧🇷 Asaas acquires Mutuus to enter insurtech and aims for $190.2M in 2026 revenue; IPO in US expected within 3 years.
🇧🇷🤝🇺🇸 Flourish FI, co-founded by Brazilian Pedro Moura, is acquired by Telos Labs to scale AI-powered financial wellness tools for fintech partners.
🇨🇴🤝🇲🇽 Tuhabi acquires Pulppo to expand in Mexico’s resale housing market and boost its agent-focused platform strategy.
🇧🇷 Eco Invest mobilizes $10.1B to fund sustainable startups. The round was led by Itaú, with Caixa, Bradesco, HSBC, BNDES, and Banco do Brasil participating.
🇧🇷 Triaxis Capital plans a new growth fund and over 30 investments in Brazil’s Northeast, expanding its early-stage VC activity in the region.
🇫🇷🇧🇷 Veepee sells Privalia Brazil to Order VC, refocusing on Europe while Fernando Boscolo stays as local CEO.
🇲🇽 Fintech Founders & VC’s Mixer joins FTMX Week 2026 on Feb 23 in CDMX, uniting founders and VCs to boost fintech innovation and partnerships.
🇧🇷 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.
🇦🇷 Mercado Pago secured a $104M funding deal with BIND to expand its credit offering for SMEs and individuals in Argentina.
🇦🇷 Viatik grows 60% monthly in Argentina, hits 100K users, and secures backing from Plug and Play Silicon Valley.
🇦🇷🇦🇺 Satellogic sold its NewSat-34 satellite to HEO (now Continuum-1), giving Australia sovereign imaging; SATL jumped 15%.
🇧🇷 MP-SP archives Trela's complaint against Shopper, citing no consumer violation; case now moves to Cade for antitrust review.
🇧🇷 Liqi launches BRLD, a real-backed stablecoin for corporate treasury and tokenized contracts, backed by Itaú, Pátria, and Galápagos.
🇧🇷 Razor shuts down operations after funding struggles and supply delays; 30 employees laid off and founders plan asset liquidation.
🇧🇷 Zoop projects $380M in revenue for FY 2026, driven by Tap to Pay adoption and embedded finance growth across Brazil.
🇧🇷 Will Bank’s collapse ends fintech’s “training wheels” era, reigniting debate on regulation, risk, and financial license clarity in Brazil.
🇧🇷🤝🇺🇸 Distrito and Notion launch GenAI Lab to support startups with up to 6 months of free Notion Business with AI.
🇨🇱 CEOSim unveils new business simulation platform at IFE Conference to expand in LatAm and enter the US market in 2026.
🇨🇱 PedidosYa partners with Zapallar Municipality to boost local commerce, enable digital tools, and ensure safer delivery operations.
🇨🇱 Tenpo becomes Chile’s first digital bank, aiming to reach 8M excluded users with a fully digital, hyper-personalized service.
🇨🇱 RedCapital grows 103% annually, driven by AI-based SME financing, with strong results in 🇨🇴 Colombia (102.3%) and 🇵🇪 Peru (81.5%).
🇨🇱 Enerlink raises $3.1 M to expand its EV charging tech across 8 LatAm countries and grow its smart infrastructure.
🇨🇴 Kravata launches Kravata Go via App Mi Claro, enabling Colombians to buy digital dollars simply and securely with blockchain infrastructure.
🇨🇴 Terrenta launches as Colombia’s first regulated real estate crowdfunding platform under financial supervision to expand inclusive investment.
🇨🇴 Cobre will be integrated into Skandia’s fiduciary services to enable 24/7 enterprise payment and fiduciary operations in Colombia.
🇨🇴 Lulo Bank adds 13K new clients monthly and surpassed 600K total users, with 40K adopting its new Lulo Pro platform.
🇨🇴 Addi reaches 2.7M users in Colombia, reports USD 3.6B in pre-approved loans and expands to 1,034 municipalities.
🇺🇾🤝🇺🇸 dLocal and Amway partner to enable local payments in Colombia, improving approvals via cards and APMs with regional expansion plans.
🇲🇽 Hey Banco becomes independent from Banregio and will operate with its own full banking license starting Jan 31.
🇲🇽 Konfío will deploy $2.5B in SME credit across Mexico by 2028, supporting formalization and growth ahead of its banking license.
🇲🇽 Jüsto returns to retail in Mexico with a leaner digital model, aiming to challenge giants like Walmart through tech-driven grocery delivery.
🇲🇽 Tapi and Naturgy México form alliance to enable real-time utility payments and boost digital inclusion via embedded finance.
🇲🇽 BBVA México and Conekta launch Pago Directo BBVA to speed digital commerce, targeting 2M+ monthly transactions with no fees.
🇵🇪 ProntoPaga plans to double its $650M TPV in 2026, targeting leadership in digital payments for gambling in Peru.
🇵🇪 Smart M2M closed its first year with $510K in recurring revenue and 136 B2B clients; now applying to become a virtual operator.
🇦🇷🇺🇾 CuotaQ partners with Mercado Pago in Uruguay to digitize and automate payments for clubs and NGOs.
🇺🇾🇲🇽 Bord grows 300% in 2 years, expanding connectivity to remote areas and aims to double revenue by 2026.
🌎 Other LatAm News
🇸🇻 DitoBanx processes 100K+ monthly BTC transactions, auto-converts to USD, and expands to LatAm with Plug & Play tools.
🇬🇹 PAQ Wallet teams up with Leap Financial to launch PAQ Send, enabling instant digital remittances from the US to Guatemala.
🇲🇽🤝🇧🇷 Belvo partners with Inter to power large-scale credit decisions in Brazil via Open Finance.
🇦🇷🇨🇳 Mercado Libre accuses Temu of deceptive marketing in Argentina and files a lawsuit amid a $894M cross-border e-commerce boom.
🇧🇷 Agibank files for IPO on the NYSE to raise up to $828M for corporate purposes. The offering is led by Goldman Sachs, Morgan Stanley, and Citigroup.
🇧🇷 Nubank gets U.S. approval to launch a bank in 18 months, expanding its digital financial services internationally.
🇧🇷 PicPay raises $499M in Nasdaq IPO, ending Brazil’s 4-year listing drought. The offering was led by Citigroup, BofA Securities, and RBC Capital Markets.
🇧🇷 PCI SSC brings together 34 companies in Brazil to strengthen payment security standards and data protection for the 2026–2027 cycle.
🇨🇴 Colombia Fintech urges reforms to foster innovation and inclusion, including overhauling usury caps and tax burdens to boost competition.
🇺🇸 Fed pauses rate cuts, keeping U.S. interest at 3.5–3.75%, tightening global capital and pressuring VC funding and startup valuations.
🇬🇧🇲🇽 Revolut launches full banking in Mexico, its first non-European market, with license granted and over $100M capitalized.
🇪🇸 Pepe Borrell (Masia) published “Learnings From One Year Building a Super Angel Fund from Barcelona”
