Hey, it’s Yoel 👋 Back again with the 46th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
LatAm kept the momentum this week with a full slate of funding, M&A, and new VC funds. Brazil led with Stone’s $50M raise to boost Amazon-region SMBs, Argentina’s Cocos secured a banking license via a $20M deal, and Mexico’s Carabela launched a $20M deep-tech fund. Fintech stayed in the spotlight after last month’s strong run, while acquisitions reshaped banking, e-commerce, and tech. From early-stage bets to cross-border plays, the region’s dealflow shows no signs of cooling.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Stone secures $50M from BID Invest to expand credit for small businesses in Brazil’s Amazon region, with a focus on female-led enterprises.
🇲🇽 Monato raises $13M in a seed round led by MONASHEES and FinTech Collective to develop new API-first financial services.
🇧🇷 IORQ raises $6.44M to expand its credit-as-a-service platform, backed by Monashees, Upload Ventures, ONE.VC, and Norte.
🇧🇷 Frente raises $5.5M Series A led by Magma Partners to scale Comm.Pix cross-border Pix service and expand globally.
🇨🇴 Creditop raises $3.7M to expand its point-of-sale credit platform across LatAm. The angel round was led by Collide Capital, with participation from Clocktower, Alaya Capital, Amador Holdings, Newtopia, and Driven VC.
🇧🇷 BlindPay raises $3.3M to expand its global stablecoin payments API, backed by Jawed Karim, Bitso, 468 Capital, and others.
🇧🇷 Liquid raises $2.2M in a seed round led by SaaSholic to expand its AI-powered real estate credit analysis platform.
🇧🇷 Radix Florestal raises $1.84M from Ecosia to expand Amazon reforestation projects, aiming to restore 2,000 hectares by 2030 and support local comms.
🇧🇷 Pigz raises $1.4M to expand nationwide, investing in senior hires, new products, and marketing. This first round represents 10% of the company’s equity.
🇧🇷 FanBase raises $920K to grow its sports fan platform, backed by Domo.VC, OutField, and Harvard Angels.
🇨🇱 Reite, Chilean smart vending startup, raised $700K from Discovery-A to expand its AI-powered autonomous mini-store network.
🇧🇷 Leggal raises $312K in a pre-seed round led by DOMO.VC, with Anjos do Brasil and angel investors, to expand its legal-care-as-a-benefit platform.
🇧🇷 Gaio secures angel funding to scale its AI follower-to-customer platform, reaching a $1.7M valuation with backing from Link Ventures and others.
🇬🇹 Saf.money secures undisclosed pre-seed funding from Fulgur Ventures, Plan B, Initial Capital, and 1A1z to expand in LatAm and enhance its U.S. stablecoin payment infrastructure.
🇦🇷 Cocos acquires Banco Voii for $20M, securing a banking license to expand its financial services and enter the traditional banking system.
🇧🇷 Olist acquires fintech Flip to integrate payment and credit solutions into its digital commerce ecosystem, backed by a $16.56M credit fund.
🇧🇷 BRQ Digital Solutions acquires weme to strengthen presence in the U.S. and LatAm, combining software engineering, design, and product development expertise.
🇧🇷 XP acquires a significant minority stake in Inove Investimentos ($1.29B AUC) to accelerate its expansion through organic growth and acquisitions.
🇨🇱 Patagonia Startups acquires Austral Angels from Dadneo to boost early-stage funding in southern Chile, with plans to launch a regional venture capital fund.
🇲🇽 Finsus acquires Anticipa’s tech to offer instant digital liquidity to Mexican SMEs via card-sales advances, expanding its fintech ecosystem.
🇺🇾 Geocom, Uruguay’s iconic tech firm, sold to Vesta Software (Constellation Software unit) in a multimillion deal, aiming to double business in 2 years.
🇧🇷 Kortex Ventures & IKJ Capital to manage $36M BNDES/Finep healthtech fund backing 20 innovative companies in Brazil’s healthcare sector.
🇧🇷 BR Angels to invest up to $828K in healthtech startups from a $3.68M fund, targeting 3 companies over the next 12–18 months.
🇨🇱 CORFO launches pilot Venture Capital Fund for Magallanes, aiming to boost entrepreneurship, innovation, and economic diversification.
🇨🇴 Inverlink and Liquitech launch secured e-invoice investment vehicle targeting 12–14.5% annual net returns, backed by AA- reinsurance.
🇲🇽 Carabela launches $20M 2nd fund to back ~25 LatAm pre-seed deep-tech startups in AI, blockchain, IoT, semiconductors, and more.
🇺🇾 Cubo Itaú Uruguay grows portfolio 70% in 2025, from 29 to 49 startups, securing 200+ corporate connections.
🇧🇷 BRF opens applications until Aug 15 for its startup program focused on agro, grains, industry, and future of food solutions.
🇦🇷 eAwards Argentina 2025 offers $10K for startups with social impact; winner competes for $100K at Global eAwards in Lima. Deadline: August 18.
🇦🇷🇨🇱 Mercado Libre Experience returns to Santiago on August 27 to connect 5,000+ attendees with top eCommerce leaders.
🇪🇺🤝🌎 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.
🇦🇷 EDESUR adopts Háblalo in all branches, becoming Argentina’s first power distributor to use the communication-assistance app for greater accessibility.
🇦🇷 IpesaSilo & Wiagro launch SmartSilobag, the first grain bag with built-in nano-sensors for real-time monitoring of CO₂, temperature, and humidity.
🇸🇬🤝🇦🇷 Bitget teams up with Clans Arena to let gamers monetize esports through a Web3 token economy.
🇧🇷 MakeOne launches HexaDigital to offer corporate connectivity and cybersecurity solutions, aiming for $92M revenue in three years.
🇧🇷 iFood to invest $3.1B in Brazil by March 2026, boosting AI, credit for partners, and hiring 1,100 staff, mostly in tech.
🇧🇷 PicPay inks exclusive deal with NASCAR to stream all races in Brazil via PicTV until 2027, offering free Portuguese commentary.
🇧🇷 PagSeguro Q4 2024 net income jumped 28% YoY to $423M, with TPV +28.4% and banking revenue +58%, beating forecasts.
🇧🇷 Nuvini launches NuviniAI Lab to accelerate AI adoption across portfolio firms, with full rollout planned for Q1 2026.
🇧🇷 Méliuz files for Level I ADR program in the US via JPMorgan, aiming to expand investor base and global presence.
🇧🇷 Adsmovil OOH integrates directly with Invian to boost programmatic DOOH in LatAm, delivering real-time data and greater transparency for advertisers.
🇺🇸🤝🇧🇷 Plume & Mercado Bitcoin to tokenize $500M in RWAs, after hitting $40M in just 4 months to boost blockchain-based capital markets in LatAm.
🇨🇱 Fraccional.cl expands to Spain in 2025, targeting coliving, flipping, and new developments in Madrid and Valencia to grow its real estate investment platform.
🇨🇱 SumUp launches Smart POS in Chile, all-in-one Android terminal with AI catalog, for ~$72 USD.
🇦🇷🤝🇨🇱 Alprestamo invests $1.3M to expand its 100% digital financial marketplace in Chile, aiming for 2.5M users in two years.
🇨🇴 Druo processes $95M in H1 (+180% YoY), surpasses COP 1T total and hits profitability while expanding in LatAm, US, and soon EU.
🇨🇴 Rappi readies NYSE IPO and eyes 2–3 new LatAm markets in 2026, backed by five quarters of profits and rapid Turbo growth.
🇨🇴 Grupo Cibest turns 150, rebrands under Juan Carlos Mora to boost innovation and expand in Central America.
🇨🇴 Approbe wins trademark battle vs. Apple, securing Appropay brand after Colombian regulator rules no risk of confusion with Apple Pay.
🇨🇴🤝🇬🇧 Ontop partners with Thredd to offer faster, more flexible global payroll with smart wallets and instant multi-currency payments.
🇲🇽🤝🇨🇴 BBVA Spark expands Tuhabi’s credit line from $20M to $60M to boost its digital real estate platform and regional growth.
🇸🇪🤝🇨🇴 Truecaller partners with WeKall to boost secure, branded business calls in LatAm, tackling fraud and improving contact effectiveness.
🇲🇽 OLA GG launches OLA TCG, the first collectible card game where the community is the IP, offering free digital packs and $1K in USDC rewards.
🇲🇽🤝🇪🇸 Pluxee partners with Cobee to offer an expanded, tech-driven employee benefits platform covering 85% of top-valued perks in Mexico.
🇨🇳🤝🇲🇽 DiDi Loans tops 20M loans in Mexico, lifting max credit to $2.73K and adding Premium perks.
🇵🇪🤝🇲🇽 Do Payment enters Mexico aiming to process $15M in transactions in 2025 with its Do Pay platform.
🇵🇪 Monnet Payments teams up with Yape to launch instant online payments, aiming to boost e-commerce conversion and drive financial inclusion in Peru.
🇵🇪 iO becomes first Peru-developed card with PCI DSS certification, setting a new national benchmark in payment data security.
🇵🇪 Kushki posts 396% net revenue growth in H1 2025 in Peru, driven by Card PayOuts for instant, secure payments.
🇦🇷🇵🇪 Mercado Libre to open 3,000 m² Peru hub in Sept, enabling same-day Lima and faster nationwide delivery.
🇨🇱🇵🇪 Defontana wins Empresa Peruana del Año in Software Services for the 2nd year, highlighting its 14-year impact in Peru’s cloud ERP market.
🇦🇷🤝🇲🇽 Depay partners with Airtm to let USD wallet users pay via QR in Argentina & Brazil, with plans to expand across LatAm.
🇲🇽🇨🇴 Bybit invests $1M in EthicHub, shifting 100 tons of LATAM coffee from smallholder farmers to higher-value European markets.
🇦🇷 Mercado Libre posts record Q2 revenue of $6.8B (+34% YoY), fueled by higher sales volumes in Brazil and Mexico and fintech growth.
🇦🇷 Mercado Libre and INPI partner to promote industrial property awareness in Argentina, offering training for entrepreneurs and boosting IP protection.
🇧🇷 QuintoAndar launches a real estate consórcio product with Bamaq Consórcios, aiming for $92M in contracts by year-end amid surging demand from high interest.
🇧🇷 BC and Febraban back balanced, sector-specific AI rules in Brazil’s PL 2.338/23, stressing innovation, legal certainty, and avoiding one-size-fits-all regulation.
🇨🇱 Chile extends R&D Law to 2035, sustaining tax incentives that have funded 731 companies with over $980M in innovation projects.
🇲🇽 Plan México boosts industry with Sempra ($3.55B) in LNG & wind projects and Mercado Libre ($3.4B) in logistics & fintech, totaling nearly $7B in investments.
🇲🇽 Amazon launches Bazaar, a low-cost store in its app, targeting shoppers of Temu, Shein and AliExpress with free shipping and multi-item discounts.
🇲🇽 Mexico grants gig workers from Uber, Didi, and Rappi universal rights, including social security, schedule freedom, and ban on unfair app fees under new labor reform.
🌎🇧🇷 LatAm fintech funding fell 60% in H1 2025 to $735M, with Brazil holding 56% of startups and 60% of investments.
