Hey, it’s Yoel 👋 Back again with the 53rd edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
Capital is flowing faster, innovation is breaking barriers, and LatAm’s startup scene is rewriting the rules. From $50M fintech debt rounds to AI‑powered legaltech raises and new cross‑border funds, this week brings a wave of deals, launches, and alliances that are shaping the region’s future.
Plenty to break down—so let’s get into it 🚀
This week’s newsletter is sponsored by Cubbo:
Cubbo operates fulfillment centers across Mexico and Brazil, managing storage, inventory, and distribution for leading retailers and fintech companies like Natura, Pepsico, Plata Card, L'oreal or Reckitt.
We process over 500,000 orders and 5 million items monthly with proprietary technology that ensures speed, reliability, and cost control. The company generates over $35M in annual revenue with profitable operations and expanding EBITDA margins.
Increase your sales by delivering orders with the same experience as Amazon and Mercado Libre
Talk to Cubbo
👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇨🇴 Addi secures $50M in debt funding to expand its consumer finance platform. The round was led by Victory Park Capital, with participation from Neuberger, marking its first credit investment in Colombia.
🇧🇷 Enter raises $37.5M at a $375M valuation to scale its AI legaltech platform. The round was led by Founders Fund and Sequoia, with ONEVC and Atlantico.
🇧🇷 BotCity raises $12.2M in Series A to scale globally and boost R&D. The round was led by Four Rivers, with Y Combinator, Astella, and Upload participating.
🇨🇴 Sempli raises $10M in debt to grow its SME credit portfolio and enhance tech capabilities. The round included Banco de Occidente, Bancolombia, Banco AV Villas, Bancoldex, Fondo Presente, and Comfama.
🇧🇷 Caf raises $9.4M to expand its digital ID and anti-fraud solutions in LatAm. The round was led by L4 Venture Builder.
🇦🇷 ONE, the Argentine paytech dubbed “PayPal local,” raises $1.2M seed (led by Alaya Capital, with Draper Cygnus and Sancor Seguros Ventures) to build a global blockchain-based payments platform.
🇧🇷 WorkAI raises $1M to expand its AI-powered virtual assistants. The round was led by M2 Digital.
🇺🇾 metaBIX Biotech raises $1M to expand its AI-driven health tech into Mexico and the US, backed by AIR Capital and Danta Fund.
🇻🇪 Ridery becomes the first Venezuelan startup to enter the stock market, issuing $1M in commercial papers with A1 ratings from two agencies.
🇧🇷 Larian AI raises $375K to develop AI agents for travel agencies and expand internationally. The round was led by Bossa Invest.
🇧🇷 Typcal raises €350K to expand in Europe. Led by Biotope, funds will support a new facility in Belgium and local R&D.
🇧🇷 Captur raises $100K to expand its solar energy tokenization tech. Led by DOMO.VC, with participation from Ventiur.
🇨🇴 Salva Health raises undisclosed funds to scale Julieta, its breast cancer device. Led by Epic Angels, with Asiri Impact Fund, Impact Assets, and others.
🇧🇷 Árvore acquires A Taba and Typper to boost edtech growth and expand internationally. Deal value was not disclosed.
🇧🇷 NG.CASH acquires BizCapital’s SCD license to scale digital credit for young adults. Deal value was not disclosed.
🇧🇷 Moneyminds Partners launches to offer M&A, fundraising, and advisory for SMBs. Focused on deals from $935K+, it targets $93M in transactions by 2030.
🇧🇷 Minha Quitandinha and Onii merge to expand autonomous minimarkets in Brazil and abroad. The combined operation now runs 750 stores, keeping Minha Quitandinha as the main brand.
🇧🇷 Sympla acquires entertainment startup Gandaya to strengthen its position in Brazil’s event and ticketing market.
🇨🇱 Marcopolo acquires 40% of Chile’s Reborn, boosting local electric bus manufacturing and expanding sustainable transport in Chile and Brazil.
🇨🇴 Bold acquires VendeMás from Niubiz, marking its first move beyond Colombia and entry into the Peruvian market.
🇲🇽 Finsus acquires Anticipa tech to launch advance-based loans for Mexican SMEs, targeting businesses with daily card sales but limited banking access.
🇧🇷 Airborne Ventures launches the Maverick Fund with $10M to invest in fintech and health startups. It has backed Doutor-AI and Maggu, with plans to expand across LatAm.
🇧🇷 Itaú and B3 are the most active fintech investors in Brazil, which saw $2.38B invested across 125 rounds in 12 months, according to Sling Hub and Torq.
🇵🇦 Ciudad del Saber invests $4M annually to grow Panama’s startup ecosystem globally. Funds go to startups and incubators, with $25K–$50K per project, aiming to drive regional innovation.
🌍 Accion closes $61.6M fund to back early-stage fintechs advancing financial inclusion. FMO, Proparco, Ford Foundation, Mastercard, and others joined the round.
🇺🇸 BID Lab invests $2M in 🇲🇽 500 LatAm Seed IV to support 40+ early-stage tech startups across LatAm & the Caribbean; selected startups will get $300K and tailored support.
🇧🇷 EmTech, MIT’s global tech conference, debuts in Brazil Sept 29–30 to spotlight AI and business innovation.
🇵🇪 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.
Mercado Libre’s next CEO Ariel Szarfsztejn says AI already writes 20% of the platform’s code, key to its e-commerce future in LatAm.
🇦🇷 Malevo launches as a “Marketplace for agri-contractors,” enabling financed hiring for farmers and 72h payouts for providers.
🇦🇷 Mercado Pago launches loans, credit cards, and dollar services in Argentina as it prepares to operate fully as a bank.
🇧🇷 Operation Spare targets fintech tied to PCC money laundering; BK Bank allegedly moved $9B between 2020–2024.
🇧🇷 PicPay triples profit to $39M, hits 64M users, and becomes Brazil’s 2nd largest digital bank, driven by credit growth and wallet usage.
🇧🇷 Creditas prepares to raise $100M at a $3.3B valuation, marking its return to equity rounds after relying on bonds and FIDCs.
🇧🇷 Alt.bank launches a white‑label credit card solution in partnership with Pismo, positioning itself as a B2B “card-as-a-service” provider.
🇧🇷 Teddy Open Finance hits breakeven and projects $22.4M revenue in 2025 after originating $5.2B in credit across 30+ financial institutions.
🇧🇷 Nubank names ex-Coinbase exec Michael Rihani as Head of Crypto to scale stablecoin payments and digital asset services across LatAm.
🇧🇷 OKTO doubled its client base in Brazil post-regulation and now expands across LatAm, focusing on conversion, crypto readiness, and regional growth.
🇧🇷 Nuvini (Nasdaq: NVNI) launches NuviniAI Index to assess AI maturity in LatAm companies, guiding both internal transformation and M&A strategy.
🇺🇦🤝🇧🇷 Solidgate partners with EBANX to unlock local payments in 13+ LatAm markets, accelerating global merchants’ expansion.
🇨🇱🤝🇺🇸 Aufbau partners with Apple to expand retail tech in Chile as an Apple Premium Partner with AppleCare+ and omnichannel support.
🇨🇱 Fintech Kuanto hits 2K users in under a month post-launch, eyes 5K+ users by YE and 🇨🇴 expansion to Colombia in 2026.
🇨🇱 Chile’s Defontana unveils AI agents platform to automate ERP tasks, cut manual work by up to 70%, and enable integration in under 30 minutes.
🇨🇴 Flypass tops 550K vehicles and 400K monthly transactions, growing into a nationwide digital wallet for mobility payments.
🇨🇴 BloomsPal joins WTO Public Forum as LatAm’s only panelist, sharing its agtech cross-border commerce model.
🇨🇴 Latamly launches direct ops in Colombia, targeting $70M revenue in 2025 and expanding its tech access model across LatAm.
🇨🇴🤝🇺🇸 Rappi partners with WhatsApp to enable orders “as easy as talking to a friend” via AI‑driven messaging.
🇦🇷🤝🇨🇴 Lemon Cash teams up with Bre-B to launch its crypto wallet in Colombia, targeting 200K users in year one.
🇺🇸🤝🇨🇴 Oracle partners with MOVii to launch interoperable real-time payments in Colombia, boosting financial inclusion with AI and Oracle Cloud.
🇨🇴🤝🇲🇽 Tu360Inmobiliario and Pulppo plan to expand to Colombia’s Caribbean coast after closing 400+ deals and onboarding 250 agents in their first year.
🇲🇽 PAZZ launches Mexico’s first AI‑based car lease marketplace: 95 % approval via digital underwriting, full contract in seconds.
🇲🇽 miituo surpasses 150K insured cars with a “pay-per-km” model, driving financial inclusion in Mexico.
🇲🇽🤝🇨🇴 SkyAlert partners with Clara to launch financed earthquake alert systems for businesses in Mexico, boosting access to prevention tech.
🇵🇪 DiDi launches DiDi Entrega in Peru, integrating delivery into its app so users can send packages via moto or auto with real‑time tracking.
🇵🇪 Chazki plans to expand its logistics network from 27 to 150 cities across LatAm in 3 years, scaling from its roots in Peru to 9 countries.
🇺🇸🤝🇨🇴 Visa and Alegra partner to digitize LatAm SMBs in Colombia, Mexico, DR & Costa Rica with AI-powered accounting tools and Visa Business perks.
🇧🇴 Takenos, a mobile wallet converting bolivianos to digital dollars, now serves 200K users in Bolivia as a pay‑online alternative amid currency scarcity.
🇻🇪 Cashea leads consumer credit in Venezuela with 8.6M users and aims to reach US$200M in revenue by 2025, capturing over 90% of the local market.
🇧🇷 CVM launches public consultation to expand crowdfunding rules—new issuer types, higher caps (up to $10M), and focus on tokenized assets.
🇧🇷 iFood teams up with Surf Telecom to launch iFood Chip, the first mobile plan tailored for delivery workers in Brazil, starting with Super Diamante couriers.
🇬🇧🇧🇷 Revolut wants to be the “Pix of the world” and rival Nubank. With 65M users, the fintech plans to reach 100M by 2027 and invest $13B globally, including LatAm expansion.
🇵🇪 Treep Mobility signs initial deal with 🇨🇳 U Power to deploy 50 EVs and battery-swap stations in Peru, aiming to electrify mototaxis with AI-powered battery exchange tech.
🇺🇾 Judicial first: a juge dismisses labor claim against Pedidos Ya—delivery app not held liable for employment dependency under new digital worker law.
🇪🇸 David Bonilla wrote “Nadie quiere pagar por las pruebas”
