Hey, it’s Yoel 👋 Back again with the 48th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
From mega rounds to strategic acquisitions, this week LatAm’s startup scene showed no signs of slowing. 🇧🇷 dominated with SaaS, payroll, and credit deals, 🇨🇴 and 🇲🇽 saw fresh capital flow into logistics and proptech, and AI continued driving both funding and M&A across the region.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Starian raises $115M from General Atlantic to expand its SaaS platforms across Brazil’s private sector. The funding follows its spin-off from Softplan and will support growth across construction, legal, and operations verticals.
🇧🇷 Pravaler raises $108M through its largest-ever FIDC to finance student loans. The operation was led by Itaú and aims to support 50,000 students over the next year.
🇨🇴 Rappi secures $100M in debt financing from Kirkoswald Private Credit and Banco Santander. The funds will support growth, refinancing, and working capital as it expands operations across LatAm.
🇲🇽 Tuhabi secures $60M in credit from BBVA Spark to scale operations and tech across LatAm’s real estate sector.
🇨🇱 AgendaPro raises $35M to scale its AI platform for personal care businesses. The round was led by Riverwood Capital, with Kayyak Ventures participating.
🇦🇷 Tether takes a minority stake in Bit2Me as part of a €30M round, betting on Argentina's crypto adoption amid economic turmoil.
🇧🇷 Tako raises $19M in Series A to automate payroll with AI in Brazil. The round was led by Ribbit Capital, with a16z and ONEVC participating. Funds will support product development and a new office in San Francisco.
🇧🇷 Asaas secures a $18.4M USD FIDC to scale SMB credit in Brazil, backed by S&P’s AAA rating and led by Itaú BBA.
🇨🇴 Somos Internet raises $18M from USV and Ribbit Capital to expand its fiber network in Colombia and boost local hard-tech innovation.
🇧🇷 Firecrawl raises $15M in Series A to expand its AI data platform in Brazil. The round was led by Y Combinator and Nexus VP. Funds will support tech development and global marketing.
🇲🇽 Digitt raises $10M in Series A to accelerate growth in LatAm. The round was led by Yolo Investments, with IGNIA Partners, Capria Ventures, and others participating. Funds will enhance its user-focused financial platform.
🇧🇷 Iniciador raises $6.4M in Series A to enhance Pix payments with biometrics and AI. The round was led by Valor Capital, with big bets, Alter, Actyus, and Norte Ventures participating.
🇧🇷 Mahta raises $3.7M to expand Amazon-based superfoods. The round was led by Amazon Biodiversity Fund, managed by Impact Earth.
🇧🇷 Neurogram raises $3M in seed funding to scale its neurological exam platform. The round was led by Headline and will support expansion in Brazil, aiming to process 100K EEGs in 2025.
🇧🇷 Pipeimob raises $2.8M to expand into rentals and enhance its financial services. The round was led by Headline.
🇧🇷 Bioma raises $2.8M to scale genetic testing. The round was backed by Inova Empresa, a fund managed by Angra Partners and capitalized solely by Finep.
🇧🇷 Liquid raises $2.1M to scale its AI credit platform for real estate. The round was led by SaaSholic, with Flourish Ventures and others participating.
🇧🇷 Marisa.Care raises $1.5M in pre-seed to expand its AI-driven preventive healthcare platform. The round was led by Afya.
🇲🇽 Aviva raises $1.5M in venture debt from BID Lab to expand financial services in underserved Mexican communities. The fintech uses AI-powered kiosks to offer paperless microloans in under 7 minutes.
🇦🇷 Whalemate raises $1M to expand its AI-driven cybersecurity platform in LatAm, focusing on Peru. The round was led by Parceiro Ventures.
🇧🇷 OmniK raises $920K in a bridge round to expand its marketplace management platform. The round was led by ABSeed and will support product development and client growth.
🇨🇱 Südlich Capital invests in aquaculture tech firm Imatek via FRAM II to fuel global expansion of its remote feeding platform born in Puerto Montt.
🇧🇷 Inhire raises capital from DGF and Bridge One to expand its AI-powered recruitment platform and challenge Gupy in Brazil’s enterprise market.
🇧🇷 Musique secures VC backing from HiPartners to scale its AI-powered in-store music tech, already used by brands like BMW, Volvo, and RiHappy.
🇧🇷 Nuvia acquires DataSaga.ai to launch a services division focused on AI-driven sales. The move enhances its multichannel prospecting with intelligent agents and supports its AI-Powered Growth strategy.
🇧🇷 Grupo Entre completes acquisition of Acqio after Central Bank approval. The deal boosts Entre’s digital finance ecosystem, while Acqio targets a 30% franchise expansion in 2025.
🇧🇷 Evertec acquires 75% of Tecnobank for $144M to expand in Brazil’s fintech market. This is Evertec’s third acquisition in the country, following deals with Sinqia and PaySmart in 2023.
🇺🇸🤝🇲🇽 Incode acquires AuthenticID to boost its global leadership in digital identity. The move strengthens its fraud-fighting AI capabilities and expands reach across regulated, high-volume markets in LatAm and North America.
🇲🇽 UBITS acquires Mexican HR tech Balú to build an AI-powered talent platform; aims for $2M extra revenue in 2025.
🇦🇷 Córdoba Innovar y Emprender invested $2.5M in 79 startups, doubling private capital and boosting early-stage tech ventures in the province.
🇨🇴 Colombia Productiva and iNNpulsa merge under a new trust named iNNpulsa Colombia to lead reindustrialization and innovation efforts.
🇨🇴🤝🇨🇱 Rappi partners with ASECH to support over 53,000 entrepreneurs in Chile through logistics, education, and digital tools.
🇺🇸🤝🇵🇪 LUCHA partners with BID Lab to boost 10 impact startups and train 120 founders with $935K in funding, aiming to reach 300K+ people in LatAm.
🇲🇽🇵🇪 ADN.vc launches $2M pre-seed fund to back fintech & proptech startups driving financial & housing inclusion across LatAm.
🇦🇷🇨🇱 Mercado Libre Experience returns to Santiago on August 27 to connect 5,000+ attendees with top eCommerce leaders.
🇨🇱 BancoEstado's Premio Emprende closes August 31 — over $100K USD available for impactful entrepreneurs and MiPymes.
🇪🇺🤝🌎 EU-LAC Digital Accelerator offers €10.5K grants for LatAm & EU startups to develop tech solutions; apply by Aug 31.
🇨🇱 Banco de Chile launches 10th Desafío Emprendedor with $162K in prizes for startups and SMEs; applications close Sept 14.
🇵🇪 Inspira.TECH Fest 2025 lands in Lima on September 24, uniting tech, education, and finance for its biggest edition yet.
🇲🇽 Techstars is accepting early-stage startups from northern Mexico for global acceleration programs.
🇺🇾🇦🇷 TripWip invests $1M to scale peer-to-peer carsharing in Argentina, aiming for 100K users by end of 2025.
🇸🇬🤝🇦🇷 Bitget and Pala launch tokenized real estate solution with crypto payments in LatAm, bridging traditional markets and Web3 under CNV regulation.
🇧🇷 Pier hits $27.7M in 2024 revenue and boosts auto insurance with brokers, tech and AI-driven pricing for 2025 expansion.
🇧🇷 Jota launches Rende+, an AI agent on WhatsApp that automates savings and payments, giving users full control of their finances.
🇧🇷 David Vélez sells $435.6M in Nubank shares, cutting his stake by 3.5% in his third sale since the IPO.
🇧🇷 iFood partners with Mottu to offer discounted motorcycle rentals and bonuses up to $64/month, aiming to grow its 450K+ delivery fleet.
🇧🇷 inDrive launches $552 personal loans for drivers in Brazil via its new inDrive Money fintech arm, expanding embedded finance in LatAm.
🇧🇷 Nubank posts $1.19B H1 profit, up 37.9% YoY. With 123M clients and strong activity, Q2 earnings hit $637M and revenue $3.7B, driven by regional growth.
🇨🇱🤝🇪🇨 Drivin expands its alliance with WINS to Ecuador to boost gender equity in LatAm logistics, where women hold less than 5% of operational roles.
🇨🇱 Huechuraba signed a deal with SOSAFE to offer free safety app access to residents—over 20,000 neighbors already registered.
🇨🇱 Pluxee and Getnet partner to expand benefits access and boost sales across 100K+ merchants in Chile.
🇨🇱 Tenpo is months away from becoming Chile’s next neobank, aiming to boost financial inclusion for 8M underserved adults with a savings-backed credit card.
🇦🇷🤝🇨🇱 tapi partners with Tenpo to scale digital bill payments in Chile, reaching 2.5M+ users with enhanced in-app services.
🇨🇴🇨🇱 Rappi celebrates 10 years globally with $35M invested in Chile, 42M+ orders delivered, 6,500 couriers, and 10,000 restaurant partners.
🇨🇴 Nu Colombia and Lulo Bank cut savings rates to 8.25% and 8% amid stable interest policy; Nu launches 9.9% CDT to stay competitive.
🇨🇴 Flypass prevents 4,132 tonnes of CO₂ annually via its TAG system, now aiming to certify all clients by 2026.
🇨🇴 Colombia Fintech proposes using low-value digital accounts for tax payments, aiming to boost compliance, inclusion, and digital efficiency.
🇨🇴 PayCash receives green light from Colombia’s Superfinanciera to operate as a SEPDE, boosting digital payments and financial inclusion.
🇨🇴 Klym teams up with Cobre to speed up SME financing in Colombia, disbursing over $55B COP in under 2 months.
🇲🇽 Fintoc gets CNBV approval as an IFPE in Mexico, officially becoming a regulated fintech and boosting its LatAm expansion strategy.
🇲🇽 Monibyte, with Google Cloud tech, launches in Mexico to automate corporate expenses—cutting processing time by 50% and boosting tax efficiency with AI.
🇦🇷 🤝🇲🇽 Mercado Libre partners with Credimejora to enable homebuyers in Mexico to access mortgage prequalification and browse 300K+ listings.
🇵🇪 inDrive and PNP launch “Conduce Seguro, Conéctate Seguro,” a digital security campaign empowering drivers with cybersecurity tools and training.
🇵🇪 Peru receives its first 100% digital bank application, aiming to boost financial inclusion and modernize the national banking system.
🇺🇾 dLocal launches SmartPix in Brazil, a tokenized Pix solution enabling saved payments for platforms like Shein, Uber and iFood.
🇺🇾 Crowder and MiFinanzas joined forces to create a fintech ecosystem that enabled a record UYU 32M issuance in just 14 hours, backed by 330 investors.
🇧🇴 Idepro IFD adds USDC support to its app, enabling users to buy, sell, and transfer the stablecoin as part of its digital inclusion strategy.
🇨🇷 Alegra.com is the first in Costa Rica to support mandatory e-invoicing 4.4, easing adoption before the September deadline.
🇺🇸🌎 Borderless.xyz expands in LatAm to streamline cross-border payments via stablecoins, targeting Brazil, Mexico, Colombia, Argentina, Peru, and Chile.
🇪🇨 Patagon AI boosts B2B sales up to 400% with AI agents. Backed by $1.4M from OneVC and 17Sigma, it's expanding fast across LatAm.
🇸🇻 Bitfinex sees Bitcoin demand booming in LATAM, backs tokenization via El Salvador law; execs eye BTC hitting $250K by year-end.
🇦🇷 Starlink will power free high-speed WiFi on public buses in Río Gallegos, Argentina. Local operator CityBus is the first to deploy SpaceX’s satellite internet in urban transit across the country.
🇦🇷 CNV expands its fintech sandbox to include tokenized stocks, CEDEARs, and bonds, boosting Argentina’s 4.0 finance push until August 2026.
🇦🇷 🇧🇷 Mercado Libre will invest $5.76B USD in Brazil this year to boost logistics, tech, and hire 14,000 people—its biggest market now makes up 50% of operations.
🇧🇷 Dome Ventures backs GovTech growth via buildagem contínua and CPIN, helping startups iterate with public feedback and legally scale solutions through simplified procurement.
🇨🇱 Arauco secures $2.2B to build a high-tech pulp mill in Brazil. The round was led by JP Morgan, with support from BID Invest, IFC, and Finnvera. Funds will finance the Sucuriú Project, aimed at boosting industrial efficiency and clean energy.
🇲🇽 Nu México accused of fostering a toxic workplace with reports of harassment, discrimination, and unfair dismissals. Company denies wrongdoing, citing commitment to inclusion.
🇧🇷 🇨🇴 David Vélez, founder and CEO of Nubank, shared his perspective on Colombia’s upcoming real-time payment system, Bre-B, warning that while it brings progress, the financial sector is "not free from threats." His comments highlight the opportunities and risks of deeper digitalization.
