Hey, it’s Yoel 👋 Back again with the 61st 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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🇲🇽 Clara secures $70M in debt to expand corporate card and payments in Mexico and Colombia. The round was backed by BBVA Spark, Covalto, and IFC.
🇧🇷 PX raises $47M led by Bicycle Capital, marking the largest logistics round in LatAm this year and plans US expansion in 2026.
🇧🇷 Mercado de Recebíveis closes $28.1M FIDC to scale credit via blockchain-backed cards, after hitting $187M in TPV, 10x growth vs. 2024.
🇧🇷 Ume raises 21M Series B to scale its PIX-based payment network across Brazil, backed by Valor, PayPal Ventures and more.
🇧🇷 BHub raises $10M to expand tech and team. Backed by Next Billion Capital, Valor Capital, Monashees, and Hedosophia.
🇧🇷 Turbi raises $5.6M in debt from Santander to fuel growth, one month after securing $29.3M via debentures with Itaú and Credit Saison.
🇧🇷 ColmeIA raises $3.37M in a follow-on from Crescera Capital, reaching a $93.8M valuation to expand its AI-powered automation solutions.
🇧🇷 DigAÍ raises $1.9M to expand its AI platform for recruitment and talent intelligence. The round was led by Alerce.
🇨🇱 Cenit raises $1.8M to automate tax management for SMBs in LatAm. The seed round was led by Hi Ventures to fund growth in Chile and Mexico.
🇨🇱 Frankles raises $1M in a round led by Südlich Capital, becoming the first bet of Carozzi Ventures to turn food byproducts into high-value biocompounds.
🇧🇷 Solomon raises $1.5M to expand its data intelligence platform for e-commerce. The round was led by Citrino VC to scale sales and market presence.
🇧🇷 Sanii raises $940K in a follow-on to expand its eldercare tech platform. The round was led by Sororitê Ventures, with Seedstars, TipTop VC, and others.
🇧🇷 Doji raises $560K to scale its AI-powered phone trade-in platform. The pre-Series A was led by Indicator Capital to boost sales, R&D, and logistics.
🇨🇱 Edbinder raises $500K to expand in the U.S., connecting LatAm teachers with American schools in a growing edtech niche.
🇧🇷 Guia da Alma raises $450K to scale its B2B mental health platform, targeting 1,000 corporate clients by 2027 while maintaining breakeven.
🇧🇷 Atlantikos raises $190K to scale its sustainable products marketplace. Backed by Acrux Capital for logistics and tech expansion.
🇧🇷 AB Card secures $190K from DOMO.VC to expand its customizable benefits platform nationwide with AI-driven growth.
🇨🇴 The Care Guides closes a pre‑seed round of $100 K to scale its AI‑powered “AI Employees” and expand into the U.S. home‑care market.
🇧🇷 Nubank acqui-hires the dex Labs team to boost its AI-first strategy, integrating 11 data and cloud specialists into its operations.
🇧🇷 TOTVS acquires chatbot startup Suri for $5.6M, doubling down on conversational commerce via RD Station to enhance retail sales and customer service with AI.
🇧🇷 Semantix acquires GAVB (ex-Grupo Boticário) to boost its AI and data services footprint in southern Brazil, rebranding it as GAVB by Semantix.
🇧🇷 Pátria raised $164.5M by selling 36M shares of Smartfit, cutting its stake from 12.9% by nearly half; the block trade saw strong foreign demand.
🇧🇷 TIM acquires V8.Tech for $26.3M to expand B2B digital, cloud, and AI services. The deal may double based on performance over six years.
🇧🇷 IFC invests $30M in ISA Saúde to boost home healthcare in Brazil, advised by Carey Olsen.
🇨🇱🤝🇧🇷 Sunna Ventures invests in BackChannel, a B2B fashion marketplace tackling inventory inefficiencies across LatAm retail.
🇲🇽 Ant International enters Mexico by acquiring all investor stakes in fintech R2, founded in 2020.
🇨🇱 Itaú and fintech Khipu hosted the first Fintechela 🤝 focusing on fraud prevention and open finance collaboration in Chile’s B2B payments ecosystem.
🇨🇱 CORFO Antofagasta grants $208K to 11 high-potential startups in 5 cities through the Semilla Inicia 2025 program.
🇪🇸🇲🇽 Santander awards $94K to four Mexican startups through Santander X, backing projects in biotech, agtech, health, and sustainability.
🇨🇱 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.
🇦🇷 Mercado Libre names Ariel Szarfsztejn as CEO from 2026, succeeding Marcos Galperin in a historic leadership shift for LatAm’s top tech giant.
🇦🇷 Veritran joins AWS Marketplace to boost digital finance solutions across LatAm with faster deployment and integration.
🇦🇷 Veritran joins AWS Marketplace to speed up digital product launches for LatAm banks, cutting deployment time and boosting reach.
🇦🇷 Sebastián Serrano, CEO of Ripio, highlights the company’s B2B growth and LatAm expansion, betting on tokenization as the future of capital markets.
🇦🇷 Guayerd granted over 15000 free tech scholarships in LatAm with partners like IBM and Mercado Libre, aiming for $1.2M revenue and 22k trainees in 2026.
🇦🇷 Corebi expands across LatAm, evolves from BI to generative AI, adds Canadian investor backing, and grows to 380 staff amid rising automation.
🇦🇷 R3al Blocks partners with Lemon to launch a miniapp that enables over 5M LatAm users to invest in tokenized real-world assets directly from the Lemon app.
🇦🇷 Goodenergy partners with S-5! to launch rail-less solar panel systems in Argentina, cutting install time and weight with a $100K initial investment.
🇧🇷 Vista scales baru nut exports and aims for $375K in revenue by 2026, connecting Brazil’s superfoods to global markets with sustainable sourcing.
🇧🇷 Ideen launches Revvo to streamline corporate credit via receivables automation. The platform targets $9.4M in revenue and 100 clients by 2026.
🇧🇷 QuintoAndar launches new tools to boost real estate partners’ sales, now driving up to 70% of transactions for some agencies.
🇧🇷 Jeitto targets $150M in 2025 revenue as it expands credit beyond classes C and D, using telco data to power small-scale loans.
🇦🇷 Belo, an Argentine fintech, enters Brazil after processing $150M in payments in 2024, aiming for 1M users locally by 2026.
🇨🇱 Frankles raises $1M to upcycle agri-food waste into biocompounds. Backed by Südlich Capital, Veterquímica, and Carozzi Ventures.
🇨🇱 Despapeliza launches Legaliza.io, a digital notarization platform backed by AI and full legal traceability to streamline legal processes in Chile.
🇨🇱 Buydepa hit record sales and profitability in 2025, with over $18M projected in sales and entry into ScaleX boosting its regional and financial growth.
🇲🇽 Impact Ventures PSM joined EtMday 2025 in Chile to boost investments in LatAm impact startups through its Seed and LATAM funds.
🇬🇷 OKTO enters Chile to boost payment orchestration in LatAm, appointing André Boesing to lead Southern Cone operations.
🇨🇴 Nu Colombia hits 4M users, doubling in a year; deposits surged 841% to ~$1.1B, paying out over $187M in returns.
🇨🇴 Colibrí IT wins a $4M contract to modernize field ops at 🇨🇱 Aguas Andinas with Salesforce, replacing ClickSoftware and expanding Colombian talent.
🇨🇴 Incode cut digital fraud for Davivienda using facial biometrics, boosting onboarding and trust in Colombia.
🇨🇴 Nequi hits breakeven, disbursed over $280M in credit to 3M+ users and expands tools for 3.8M small merchants across LatAm.
🇨🇴 SU RED launches crypto wallet in Colombia, linking cash, savings & USDt/Bitcoin for 4M+ users across 29K+ locations.
🇲🇽 PottencIA trains 90,000+ students in AI skills via Lottus Education, boosting Mexico’s digital talent pipeline.
🇲🇽 Smart Fit Mexico partners with Belvo to boost recurring payments, cutting chargebacks to under 1% and increasing monthly collections by 200%.
🇲🇽 Clip launches Clip Pin Pad, its first fixed terminal for high-volume businesses, enabling seamless POS integration and 24/7 support through Clip Empresas.
🇲🇽 Jeeves expands Instant Pay with new B2B stablecoin corridors across LatAm, US, EU & Asia, enabling 24/7 payments with up to 80% FX savings.
🇨🇴🇨🇱 Laika returns to Mexico with a hybrid model combining e-commerce, physical stores, subscriptions, and 24/7 vet services.
🇵🇪 Bnka launched a Mastercard in Peru for the 3.5M+ Peruvian migrants, letting them pay in soles from abroad via a virtual or physical card.
🇵🇪 Nuek becomes certified Amex processor in LatAm, enabling banks and fintechs to issue cards via its cloud-native infrastructure.
🇵🇪 ProntoPaga partners with Yape to launch the first entertainment PSP integration in Peru, enabling secure recurring payments via Yape On File.
🇨🇴 MOVii, Colombia’s #3 digital wallet, enters Peru with a $2.2M self-funded expansion aiming to disrupt local payments and reach $4.2B in TPV.
🇺🇾 dLocal shares rose after analysts raised price targets (e.g., JPMorgan to $18.50) amid strong performance and a new partnership with Western Union.
🇺🇾🤝🇺🇸 dLocal integrates with Circle to enable USDC and EURC stablecoin payouts across emerging markets, boosting speed and cutting costs.
🇨🇱 Qurate expands to Peru and Argentina with its shoppable video platform, fueling LatAm growth using internal funds.
🇻🇪 Ridery launches Panita, a Venezuela-built AI assistant on WhatsApp to simplify daily tasks like transport, tickets, and payments.
🇧🇷 Brazil’s Central Bank and CMN issue new rules for BaaS, naming standards, and credit portability via Open Finance to boost transparency and consumer protection.
🇧🇷 Brazil’s Central Bank bans unlicensed fintechs from using “bank” in names; firms have 120 days to comply.
🇨🇴🇦🇷 Colombia and Argentina lead LatAm for Global66, with 4.1x and 3.6x transaction growth, and Colombia surpassing $1.08B in total volume.
🇲🇽 Mexico’s Supreme Court upheld a 2% tax on digital delivery platforms like Uber, stating it’s aimed at companies, not couriers, for using CDMX infrastructure.
🇪🇸 Josep Marc Mingot, co-founder of Prosper AI, wrote about FDEs (Forward Deployed Engineers) and AI Product Managers: why “Forward Deployed Engineers” in AI-first companies should function more like business-driven product leaders than traditional engineers
