Hey, it’s Yoel 👋 Back again with the 60th 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:
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.
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👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇧🇷 Credix raises $94M to scale its AI-powered SME lending in Brazil. The round was led by Pátria, with BTG and Polígono backing a $88M debt vehicle.
🇲🇽 Aviva secured a $50M credit line from CIM to expand microloans in underserved areas, aiming to triple its size and reach 500k new clients.
🇨🇴 Unergy raises $4M in a pre-Series A round and secures $80M in debt to build 80 solar minifarms in Colombia, aiming for 1 GW installed across LatAm.
🇧🇷 Exato Digital raises $3.7M from Bradesco and Quartzo after reaching breakeven, adding clients like Uber and JBS.
🇨🇱 Examedi raises $ 750K, exits General Catalyst and is now valued at $ 17M. It’s expanding in Mexico and Chile with 80% growth in the last 12 months.
🇦🇷 Flips raises $500K to launch a “guaranteed purchase” marketplace for used goods in Argentina, aiming for $1M in sales within a year.
🇺🇾 Lumepic raises $500K to expand its AI photo platform into the U.S., after scaling across LatAm with 6,000+ photographers.
🇨🇱 MIIDO raises $400K in a pre-seed round led by SkyDeck and Chile Global Angels to expand its WhatsApp-based agtech platform into the U.S. market.
🇧🇷 Blis AI raises $185K in pre-seed funding to automate travel processes with AI. The round was led by Magela Capital, Stamina Ventures, and a strategic fund.
🇦🇷 Universe Global acquires fellow Argentinian startup Frabbit to boost AI development across fintech, logistech, and cybersecurity.
🇧🇷 Celcoin acquires Vulkan Labs to boost its AI-driven credit automation, aiming to double its credit division in 2025.
🇧🇷 Ticketmaster acquires BaladAPP to strengthen its presence in Brazil, expanding access to 6M+ users and enhancing tech with CRM, BI, and facial recognition tools.
🇧🇷🤝🇺🇸 Itaú Unibanco invested $3.8M to acquire 72k shares of ON Semiconductor, joining other institutional investors now holding 97.7% of $ON.
🇧🇷 Wind launches holding and $20M fund to expand condo financing in 2026, in partnership with Cupertino.
🇲🇽 Endeavor Mexico drives startup growth amid rising AI use, VC return, and strong momentum in fintech, e-commerce, and climatech.
🇵🇪 CAPECE launches Latam Epayment Summit 2025 (Lima + online) with 70+ speakers to decode the future of payments; Nov 24‑26.
🇧🇷 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.
🇲🇽 Bitso Business confirms the Stablecoin Conference LatAm 2026, gathering global leaders on stablecoin innovation in Mexico City; 📅 June 15–16.
🇦🇷 Ripio reveals a $100M crypto treasury, the second largest in LatAm after OranjeBTC. Holdings include BTC and ETH.
🇦🇷 IDERO & Pala launch tokenized housing in Argentina: buy modular homes from $10, move in at 60% ownership, no mortgage needed.
🇧🇷 Nubank, XP, Stone, PagBank, and Inter report $1.32B in combined Q3 profits, up 27% YoY, driven by credit growth and operational efficiency.
🇧🇷 IRRREAL launches in Brazil with a strategic design focus, leveraging global experience and custom creative teams to support brand-driven business growth.
🇧🇷 Juros Baixos launches co-branded LPs to deepen its embedded finance strategy, enabling partners to offer native credit journeys with their own branding.
🇨🇱 AMD and NLHPC boost Chile’s AI research with Leftraru 2 upgrade, quadrupling supercomputing power via AMD EPYC and Instinct.
🇨🇱 IncubaUdeC celebrates 24 years, marking global recognition, $480K in new climate tech funding, and a stronger role in Chile’s innovation ecosystem.
🇨🇱 Xepelin launches a new digital financing solution in Chile, offering up to $53,250 in minutes to SMEs without invoices, guarantees, or collateral.
🇨🇱 Ainwater launched Poseidón 3.0, an AI platform for water efficiency now tailored to 5 industries, including industrial, rural, and mining sectors.
🇨🇭🤝🇨🇱Barry Callebaut partners with NotCo AI to use AI for optimizing chocolate recipes, aiming to cut cocoa usage amid soaring costs.
🇨🇴 Nequi upgrades tech infrastructure to boost app stability ahead of 80M daily transactions expected during the holidays, plus launches anti-fraud campaign.
🇨🇴 Nequi suffers major outage in Colombia, disrupting transfers, withdrawals, and top-ups. Only the Nequi Card remains active, affecting small businesses.
🇨🇴 Rappi partners with Tiendas Ísimo to expand its marketplace, offering faster, more convenient grocery deliveries across Colombia.
🇨🇳🤝🇲🇽 Shein teams up with Stori to launch its first global credit card, offering digital buyers rewards, no annual fee, and up to 50 days interest-free.
🇲🇽 Mendel and BCD Travel team up to offer an all-in-one platform for managing corporate travel and finances with real-time booking and budget control.
🇲🇽 Félix integrates with Mastercard Move to offer faster, secure cross-border remittances from the US to LatAm via WhatsApp and AI-powered chatbot.
🇲🇽 Koltin hits early growth targets and launches longevity clinics, blending insurance, prevention, and AI-backed care for aging populations.
🇲🇽 Kavak and Creditaria partner to expand auto and personal credit access in Mexico, offering rates from 14.99% and targeting underserved segments.
🇲🇽 Walmart partners with Aplazo to expand BNPL and financial inclusion in Mexico.
🇵🇪 BNKA now lets users with foreign IDs or phone numbers open soles accounts, aiming to boost remittances and regional inclusion.
🇵🇪 LigoPay launches LATAM interoperable QR and Open API to enable real-time, cross-border payments among fintechs, wallets, and businesses.
🇺🇾 Strike launches an AI-led offensive cybersecurity platform with 24/7 attack simulation and auto-retesting, operating 60x faster than human hackers.
🇺🇾 dLocal joins Circle Payments to enable real-time USDC/EURC stablecoin payouts across emerging markets, reducing cross-border costs and delays.
🇺🇸🤝🇺🇾 PayQuicker partners with dLocal to boost instant, local-preferred payouts in LATAM, Asia, and Africa via a unified API.
🇦🇷 Bitso reports crypto use in LatAm rose 116% in 2024, 65% in early 2025, now with 57M+ users. Brazil, Mexico, and Argentina lead adoption.
🇧🇴 Takenos adds USDT-to-Bolivian QR payments, plus cards and global services, cementing its lead as Bolivia’s top digital wallet.
🇪🇨 Tipti launches its 2025 holiday campaign with a digital discount calendar and expands its tech-driven e-commerce across 45 cities in Ecuador.
🇦🇷 Argentina leads in crypto regulation with CNV’s new licensing model and tokenization sandbox to foster innovation and investor safety.
🇧🇷 New fintech regulation in Brazil raises capital requirements, likely triggering a wave of M&A as smaller players seek scale or strategic backing.
🇬🇧🇲🇽 Revolut, the UK fintech‑turned‑bank, has launched in Mexico in beta and is already offering a credit card to select users ahead of its full rollout in 2026.
🇵🇪 Peruvian government to add an anti-extortion report button in Yape and Plin as part of a new law targeting financial crime and digital safety.
🇲🇽 Afores: Unlocking Mexico’s Trillion Dollar Future: Luis Enriquez (Nazca) argues that redirecting just 1% of pension funds into local innovation could add 1% to Mexico’s GDP annually and finally unleash its true growth potential.
