Hey, it’s Yoel 👋 Back again with the 55th 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
🇲🇽 Plata raises $250M at a $3.1B valuation to expand its digital banking services. The round was led by Kora, Moore Strategic Ventures, and TelevisaUnivision.
🇧🇷 Turbi raises $28.8M via debenture to expand its vehicle fleet. The round was led by Itaú, with Credit Saison also participating.
🇲🇽 Eden raises $22M to scale its AI-powered radiology OS. The round was led by Sierra Ventures, with Liquid 2 Ventures and Daniel Servitje.
🇧🇷 Lastro raises $15.7M to scale its AI for real estate. Led by Prosus Ventures, with FJ Labs and Endeavor Scale-Up.
🇧🇷 Jeitto raises $6.8M via debentures to grow its private payroll loan segment. The deal was backed by Credit Saison.
🇺🇸🇧🇷 Mappa raises $3.4M to scale its AI-driven hiring platform. Led by Draper Associates, with Grão, Serac Ventures, Riverwalk and AngelHub México.
🇧🇷 Lumx raises $3.4M to scale its stablecoin payment infrastructure. Led by Indicator Capital and CMT Digital, with others joining.
🇧🇷 Bull raises $1.85M in pre-seed to scale its private payroll credit platform. Led by Canary, with Scale Up Ventures.
🇧🇷 zMatch raises $1.85M to launch its AI platform for car subscriptions. The round includes former Olívia founders as new partners.
🇧🇷 Crown raises $8.1M to launch BRLV, a real-backed stablecoin. The round included Framework, Valor, Coinbase Ventures, and Paxos.
🇦🇷 ONE raises $1.2M to scale its blockchain payments platform. Led by Alaya Capital, with Draper Cygnus and Sancor Seguros Ventures.
🇧🇷 Guapeco raises $333K to scale its corporate pet health benefit platform. Led by Investidores.vc, with Bossa Invest joining as follow-on.
🇺🇾 Gopersonal raises $300K to scale its AI platform for e-commerce. The seed round was led by 500 Global.
🇧🇷 Nekt raises $240K from Norte Ventures, just 3 months after a $925K round. Funds will boost its AI data platform for growing companies.
🇦🇷 Klimber secures MetLife as strategic investor (20%) as it expands beyond life insurance, aiming for 50M customers across LatAm.
🇨🇴 Siigo acquires Actualícese, the leading Colombian accounting info portal with 1.5M+ monthly users, marking a key exit for its founders from Cali.
🇧🇷 Evertec acquires 75% of Tecnobank for $148M to expand in Brazil’s vehicle financing tech sector and boost digital transformation in LatAm.
🇺🇸🤝🇲🇽 Rezolve AI acquires Smartpay to boost agentic commerce with cross-border AI-driven transactions and decentralized payments.
🇺🇸🤝🇨🇴 Amazon acquires 12% of Rappi with a $25M investment, unlocking access to Amazon’s logistics and cloud infrastructure to boost Rappi’s LatAm expansion.
🌎 GEIAL launches the 2025 Comparative Report, ranking São Paulo and Santiago as LatAm’s top startup ecosystems, with insights from 27 cities across 10 countries.
🇦🇷 Henry AI Conference (Oct 22) unites Mercado Libre, Ualá, Naranja X & more to explore AI’s impact on talent 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.
🇨🇱 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.
🇧🇷 Hauseful will host a real estate tech summit on Nov 27 at Cubo Itaú, spotlighting field ops, inspections, and innovation in Brazil’s housing sector.
🇨🇱 Logtech Day 2025 returns on Dec 4 in Santiago, hosted by KLog.co, uniting LatAm logistics leaders to reshape global trade through tech & collaboration.
🇧🇷 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.
🇦🇷 Aleph becomes Reddit’s exclusive ad partner in LatAm and 45+ markets globally. The deal covers Mexico, Argentina, Colombia, and more.
🇦🇷 MODO and Tiendanube partner to boost e-commerce payments in Argentina with QR codes and bank promotions via Pago Nube.
🇦🇷 R3al Blocks and Mathienzo launch the first tokenized yerba mate, selling out in a day as users invest from $20 to earn or claim the product.
🇦🇷 Fiwind, Argentina’s highest-yielding wallet (up to 65% TNA), expands nationwide and targets businesses with fintech-grade tools and instant FX.
🇦🇷 Ualá now lets users buy official USD 24/7 via its app, offering instant settlement and positioning itself as a full banking platform.
🇬🇧🤝🇦🇷 Dade2 and Orbith launch ORBITH Cloud across LatAm, blending satellite and cloud tech to power digital transformation for enterprises and governments.
🇧🇷 Abstartups and B2Mamy partner to support women and mothers in startups with mentoring and training access.
🇧🇷 PicPay plans a $500M IPO and eyes U.S. expansion to boost credit lines and deepen its product suite.
🇺🇸🇧🇷 Telepatia arrives in Brazil after raising $9M to scale its AI assistant for doctors. Led by A-Star, with Canary, Picus, Abstract VC, and SV Angel.
🇺🇸🇧🇷 DrumWave launches dWallet in Brazil to let users co-own and monetize their data through digital contracts.
🇨🇱 Lidz.IA processes 25% of new property sales in Chile with its AI platform, boosting conversions through lead automation.
🇨🇱 Buscalibre grows 133% in 🇲🇽 by combining AI, own logistics & human support to reshape editorial ecommerce.
🇨🇱 RedCapital turns 10, reaches profitability in 2024, and surpasses $1.5B in SME funding across 🇨🇱🇵🇪🇨🇴 with AI-powered risk tech and key partnerships.
🇨🇴 Daviplata, the digital wallet of Davivienda, launches credit & debit cards with 8.25% savings to rival neobanks in Colombia.
🇨🇴 Colombian fintechs TumiPay and Kamin team up to offer real-time B2B collections via Bre-B, Colombia’s new instant payment system.
🇨🇴 Nu Colombia hits 3.5M users—10% of adults—and plans to launch personal loans and expand SME services across the country.
🇨🇴 EatCloud has rescued 40K+ tons of food in Colombia via its “food cloud,” redistributing 500 tons/month to fight hunger using real-time analytics.
🇨🇴 Symplifica and RapiCredit launch loans for domestic workers ($26–$261 USD), boosting financial inclusion via app.
🇨🇴 Alegra launches AI accounting tool in WhatsApp, helping accountants manage tasks directly from the chat.
🇨🇴 Energy Master invests $391K to launch NOVA + Ema, the first AI in LatAm helping firms cut utility costs by up to 35%.
🇨🇴 Cobre surpasses 10K transactions in first week of Colombia’s new Bre-B system, leading corporate payment adoption with projected 4x weekly growth.
🇨🇴 Biofile powers Colombia’s health digitalization with its suite for 37,000+ doctors, cutting admin time by 35% and enabling remote patient care.
🇲🇽 RAMONA IA wins CAF award for its AI bot fighting job scams and trafficking. Founded by Daniela Camberos, it’s helped 2,000+ women.
🇲🇽 Nu tops 13M users in Mexico, adding 1M in under 3 months, reaching 14% of adults and 23% of the banked population.
🇲🇽 Kapital hits 300K clients, doubles AUM to $3B & becomes LatAm’s first AI unicorn after acquiring Intercam.
🇲🇽🇺🇸 Stori plans US IPO in 2026, aiming to be the first Mexico-based tech firm ever listed in the US, to boost financial inclusion and expand across LatAm.
🇲🇽🤝🇨🇴 Estadio Azteca drops Ticketmaster and partners with Fanki to modernize ticketing with biometrics and cashless tech ahead of the World Cup.
🇵🇪 OKTO enables real-time A2A payments in Peru with interoperable QR, enhancing UX, slashing chargebacks, and boosting conversion.
🇵🇪 inDrive enters Peru’s fintech scene with inDrive Money, expanding beyond ride-hailing to challenge inequality through strategic local alliances.
🇪🇨 Kamina joins Mastercard Start Path to scale its AI-powered financial education platform across LatAm, aiming for a $10M Series A in 2026.
🇻🇪 Ridery to unify all services in one app under Ridery 360, aiming to 5–7x growth with AI-powered mobility for people, cargo, and businesses.
🇵🇾 itti becomes first Paraguayan company selected for AWS re:Invent 2025, showcasing its hybrid Data Mesh success as a LatAm tech case study.
🇦🇷 OpenAI reveals plans for Stargate Argentina, a $25B AI data center in Patagonia powered by clean energy and developed with 🇦🇷 Sur Energy.
📈🇧🇷 Starting 2026, B3 will ease IPOs for startups earning under $92.4M with the new Regime FÁCIL, simplifying listing rules.
🇧🇷 Mercado Pago rolls out AI assistant in Brazil as MELI invests $2B/year to boost its tech-first strategy.
🇧🇷 Nubank ranks 4th globally and is the only LatAm company in Fortune’s Top 10 Fastest-Growing Companies, with 122M+ users and $3.7B in Q2 revenue.
🇧🇷🤝🇬🇧 Revolut CEO says Brazil is a top priority as the neobank targets growth backed by a $13B global expansion plan.
🇲🇽🇺🇸 Salesforce plans a $1B investment over five years in Mexico, boosting its new Global Delivery Center to expand AI-powered services across LatAm.
🌎 Stiven Cartagena wrote “Use of AI in Latin America grows, while warnings about its ethical application increase”, an analysis on how generative AI adoption is accelerating across the region — with 72% of companies implementing it — while ethical oversight and governance struggle to keep pace.
