Hey, it’s Yoel 👋 Back again with the 83rd 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 🚀

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Startup funding news 💸

Rounds of $10M+:

• 🇧🇷 Sol Agora, backed by Brookfield, raised $118.7M through a new FIDC to expand solar panel financing in Brazil, reaching nearly $593M raised since launch.

• 🇧🇷 Franq raised $12.4M in a Series B led by Valor Capital, Quona Capital, and Globo Ventures.

Rounds $1M to $10M:

• 🇧🇷 Aimirim raised $2M in a seed round led by Indicator Capital and SP Ventures to scale its industrial AI and automation platform globally.

• 🇧🇷 Constr Up expects to raise $1M from Vellore Ventures to expand its AI tools for construction materials retailers and automate sales follow-up.

Other rounds of funding:

• 🇧🇷 Rise Finance raised $593K in a pre-seed round backed by Katia Moroni and CBA to expand its tokenized real-world asset platform.

• 🇧🇷 Sandwiche raised $300K in a seed round from Bossa Invest and Raio Capital to expand its micro creator marketing platform in Brazil and abroad.

M&A transactions 🎊

🇧🇷 Azara Capital acquired troubled fintech Naskar for $237M after the company defaulted on investors and became the target of a police investigation.

🇧🇷 iFood acquires a minority stake in Daki as part of its strategy to expand in online grocery delivery and strengthen its supermarket ecosystem in Brazil.

🇧🇷 CorpX and MT Pagamentos merged to create a fintech platform capable of processing 15M Pix transactions per day and ~$4B in monthly volume.

🇧🇷 PicPay received antitrust approval to acquire insurer Kovr, while Brazil’s Cade opened a separate investigation into potential fraud and premature closing of the deal.

🇳🇴🤝🇧🇷 Visma acquired Brazilian startups Dootax and Pag Útil to strengthen its tax automation and B2B payments offering ahead of Brazil’s tax reform.

Investor & accelerator news 🚀

🇬🇧🇧🇷 BAT’s CVC fund BTomorrow Ventures has $435M available to invest and plans at least two new startup deals in Brazil this year.

🇧🇷 DNA Capital raised $59M for its new healthtech fund, backed by J&J Impact Ventures, BTG, and BNDES.

🇲🇽 Stablecoins overtook Bitcoin in Mexico crypto purchases in 2025, driven by growing demand for digital dollars in payments and cross-border transfers.

Opportunities & Deadlines 👀

• 🇲🇽 Media Capital Forum 2026 will be held in Mexico City, focused on media, community, and startup fundraising in LatAm. 📅 May 21.

• 🇧🇷 Web Summit Rio confirms its 2026 edition in Rio de Janeiro, gathering 30,000+ attendees, investors, and startups; 📅 June 8–11.

• 🇲🇽 Bitso Business confirms the Stablecoin Conference LatAm 2026, gathering global leaders on stablecoin innovation in Mexico City; 📅 June 15–16.

• 🇲🇽🇵🇪🇨🇴🇦🇷 #EmprendeEnTikTok 2026 opens applications for startups, offering seed funding and mentorship; 📅 Apply by July 5, 2026.

• 🇨🇴 Colombia Tech Week confirms its 2026 edition across Bogotá and Medellín for founders, investors, and corporates; 📅 Dates TBC.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 Jeeves chose Argentina as its stablecoin hub, hiring Federico Javin to lead growth with a $500M annualized volume target.

• 🇦🇷 Flexibility, the fintech infrastructure startup behind YPF’s digital financial ecosystem, is expanding across LatAm with banking and payments solutions.

🇧🇷 Brazil

• 🇧🇷 Fintalk signed Itaú Recovery and Sompo Seguradora as clients to automate collections and customer service using conversational AI on WhatsApp.

• 🇧🇷 Jeitto laid off dozens of employees as part of a restructuring focused on efficiency and its core credit business, despite ongoing hiring plans.

• 🇺🇸🇧🇷 Oracle NetSuite expanded its AI-powered ERP offering in Brazil, helping companies like Buson automate financial operations.

🇨🇱 Chile

• 🇨🇱 Leanmote expanded to 6+ countries with its AI ops platform, helping firms like Pomelo and FEMSA detect engineering bottlenecks in under 60 seconds.

• 🇨🇱 Floid is gaining share in Chile’s instant bank payments market, targeting high-volume sectors with Open Banking and same-day settlement.

• 🇨🇱 ProntoPaga is expanding across LatAm with operations in Mexico and new virtual accounts, targeting $5B in regional payment volume by 2028.

• 🇨🇱 Btrust will represent LatAm at Silicon Valley’s Startup World Cup while raising a $2M seed round to expand into Peru and Colombia.

🇨🇴 Colombia

• 🇨🇴 Carvajal Digital and Kamin partnered to connect e-invoicing with instant payments, turning invoices into liquidity within seconds.

• 🇨🇴 Alegra reached 2.1M users and automated 85% of accounting tasks with AI, growing 30% YoY as it expands across LatAm.

• 🇲🇽🇨🇴 Kapital surpassed $86M in lending in Colombia and launched a factoring product to give SMEs instant liquidity from unpaid invoices.

🇲🇽 Mexico

• 🇲🇽 Leadsales launched AI sales agent Lead Agent, introducing “Vibe Selling” to automate WhatsApp and social commerce conversations for SMBs across LatAm.

• 🇲🇽 Ex-Rappi executive Natália Salcedo launched Pitz, an AI startup digitizing automotive repair shops in Brazil and Mexico.

• 🇲🇽 Canela Media launched AI microdrama app Zully, while Amazon pushed AI-powered commerce ads at the 2026 Upfronts.

• 🇲🇽 Bitget officially entered Mexico after securing registrations with the SAT and UIF, strengthening its regulated LatAm expansion strategy.

• 🇲🇽 Kueski surpassed 40M loans in Mexico and launched a new campaign with Vanessa Huppenkothen to promote BNPL and digital lending adoption.

• 🇲🇽 Bitso hit 10M users and $80B in annual payment volume, strengthening its position as a leading crypto and payments platform in LatAm.

• 🇺🇸🇦🇷🇲🇽 Authentic Brands Group teamed up with Mercado Libre to expand its global fashion brands across Mexico’s e-commerce market.

🇵🇪 Peru

• 🇵🇪🇦🇷 Yape expanded cross-border remittances, enabling transfers from Peru to Mercado Pago in Argentina while adding Chile, Mexico, and Italy.

• 🇨🇱🇵🇪 Talana expects triple-digit growth in Peru as it scales AI-powered HR and payroll tools to replace Excel-based workflows.

🇺🇾 Uruguay

• 🇺🇾 dLocal posted $14.1B TPV (+73% YoY) and record $119M gross profit in Q1, fueled by growth across LatAm, Africa and Asia.

🌎 Other LatAm News

• 🇻🇪 Venevisión partnered with Bunker DB to bring AI-powered marketing analytics and real-time ad measurement to Venezuela’s media market.

• 🇧🇴🇺🇸 Starlink launched in Bolivia just 77 days after Rodrigo Paz took office, fueling concerns over digital sovereignty.

Big company & policy news 💡

🇦🇷🇧🇷 Mercado Pago was named one of TIME’s 10 most influential finance companies of 2026, highlighting its rise as LatAm’s leading digital banking ecosystem.

🇧🇷 Brazil’s IPO market could reopen after the 2026 elections, with 50+ companies already approved for listings and fintechs among potential candidates.

🇧🇷 Brazil’s Congress is debating new regulations that could impact banks and fintechs, including rules on digital banks, capital markets and Central Bank autonomy.

🇧🇷 Brazil’s antitrust regulator Cade closed investigations into AI deals involving Microsoft, Nvidia, and Google, finding no major competitive risks in the country.

🇧🇷 Compass debuted on the B3, ending a nearly five-year IPO drought in Brazil and reigniting expectations of a gradual reopening of the local equity markets.

🇧🇷🇲🇽 Google Cloud picked São Paulo and Mexico City as global AI hubs, expanding local VC and engineering teams to back LatAm startups earlier.

🇲🇽 Revolut raised its Mexico investment to $167M to scale its fully licensed digital bank and expand retail banking and remittance services.

Interesting reads 💡

🇦🇷 Lemon launched its 2025 LatAm crypto report, highlighting rising stablecoin adoption and growing crypto app penetration across the region.

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