Hey, it’s Yoel 👋 Back again with the 45th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
Brazil took center stage in LatAm this week, with all major funding rounds and a wave of M&A activity. From QI Tech’s $63M raise to Visma’s $300M acquisition of Conta Azul, and Ticketmaster expanding via deal in Colombia, the region is charging ahead on AI, fintech, and cross-border growth.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Agibank raises $720M via debentures to expand its credit portfolio. The issuance was led by Agibank itself and aims to support loan growth, diversify liabilities, and optimize capital structure.
🇧🇷 QI Tech raises $63M in a Series B extension to develop new client solutions and pursue strategic acquisitions. The round was led by General Atlantic.
🇧🇷 Juvo raises $25.3M via FIDC to expand personal loans for underserved Brazilians. The round was led by SRM, with QITech, Itaú Asset, Augme Capital, EQI Asset, and Credit Saison participating.
🇧🇷 Tako raises $18M to scale its AI agents for automating HR and payroll operations in Brazil. The funds will support tech enhancements and customer expansion.
🇧🇷 FictorPay and Fincoop raise $7.4M to expand B2B credit and rural financial services. The round is backed by Amex and Coopercitrus.
🇧🇷 Neurogram raises $3M in a seed round to expand its neurological data platform. The round was led by Headline, and the funds will support tech, research, and business growth.
🇧🇷 Yapp raises $1M to expand its AI-powered recruitment platform. The round included angel investors from Brazil, Canada, and the U.S.
🇧🇷 Flapper raises $1M to expand its executive aviation platform and develop a shared jet ownership model. The round was led via crowdfunding on Eqseed, with participation from 409 investors.
🇨🇴 Hunty raises $1M to scale its AI-powered mass recruitment platform globally. The round was led by Cometa Ventures, with QED, Matterscale, Newtopia, and Kalei Ventures participating.
🇧🇷 Conta Azul is acquired by Visma for $300M to expand the Norwegian firm's presence in Brazil. The deal marks Visma's official entry into the market and includes a full exit for investors like Monashees, Tiger, Ribbit, and BTG Pactual.
🇧🇷 Prospera acquires SoulPrime for $1.8M to launch SoulUP, a sustainable loyalty and social platform. The deal aims to boost revenue by 120% and expand the user base by over 400%.
🇧🇷 iFood acquires 20% of CRMBonus to enhance loyalty tools and expand its retail strategy. The funds will support tech and AI development.
🇧🇷🤝🇺🇾 BTG Pactual acquires HSBC Uruguay for $175M to expand its wealth management and IB operations in LatAm.
🇺🇸🤝🇨🇴 Ticketmaster acquires La Tiquetera and rebrands Eticket to expand in LatAm. The move boosts its local presence and digital ticketing capabilities in Colombia.
🇨🇴🤝🇲🇽 UBITS acquires Valu to launch AI-based recruitment tool Serena AI, aiming to add $2M in revenue by 2025.
🇨🇱 Transbank and Cámara de Comercio de Santiago hosted a seminar on open finance to explore its impact and business opportunities for Chilean commerce.
🇲🇽 500 Global offers $300K each to 30 AI startups in LatAm with access to its Silicon Valley Launchpad.
🇧🇷 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.
🇦🇷 DescentralizAR 2025 hosts free Bitcoin events in Posadas, Paraná, and Resistencia. Dates: Aug 22, 29 & Sept 12.
🇧🇷 Banritech Fly by Banrisul opens submissions until Aug 30 for fintechs with scalable solutions to address internal innovation challenges.
🇨🇱 100+ Labs opens call for startups to pilot with AB InBev, Coca-Cola & others, offering up to $41K; apply by Sept 2.
🇲🇽 VTEX CONNECT LATAM 2025 returns to Mexico on September 25 to unite digital commerce leaders for networking and innovation.
🇧🇷 Invest Match by Instituto Caldeira is open until Sep 30 for RS-based startups seeking funding; selected startups pitch to funds like DOMO.VC.
🇨🇱 Rocketbot Summit 2025 opens registration for Chile’s top automation & AI event, happening Oct. 9 in Santiago.
🇨🇱 Transbank and ChileConverge launch a new SME support cycle with free workshops and digital tools running through November 2025.
🇨🇱 NTT DATA Chile opens eAwards 2025 for tech startups creating positive impact. Applications open until end of 2025.
🇦🇷 Fiwind launches peso-yielding crypto wallet with instant liquidity. Users earn daily returns and use funds freely for payments and transfers.
🇦🇷 MetaMask launches $199/year crypto debit card in Argentina with cashback, no FX fees, and global use.
🇦🇷 Nera targets $1B in agro financing for 2025. The platform links producers, banks, and suppliers, with plans to expand to Brazil, Paraguay, and Mexico.
🇦🇷 Mercado Pago offers zero-interest loans up to $7.4K to qualifying users with a strong digital sales record.
🇦🇷 Marcos Galperin to step down as Mercado Libre CEO in Jan 2026 to focus on AI and innovation; Ariel Szarfsztejn will succeed him.
🇦🇷 Lank lets users legally share digital subscriptions like Netflix or Spotify to cut costs through a secure, multiuser platform.
🇦🇷 Calice and Puna Bio partner to fast-track bio-based agtech using AI-powered simulations to speed global rollout.
🇦🇷 Tiendanube Evolución reports $890M in H1 sales, up 114% YoY, driven by AI tools and higher average tickets.
🇦🇷 belo expands QR payments and launches beloTravel to simplify cross-border spending; next stop: Brazil.
🇦🇷 Mercado Pago enables official USD purchases with instant settlement and 2.4% annual yield, replacing its former MEP dollar option.
🇲🇽🇦🇷 Bitso launches Bitso Onchain, a DEX to simplify access to memecoins and 17K+ tokens across LatAm, starting with Argentina.
🇦🇷🤝🇲🇽 Depay and Airtm partner to enable QR payments with digital dollars in Argentina and Brazil, removing the need for currency conversion or cards.
🇧🇷 Monking partners with Treehouz to launch Brazil’s first AI-powered audiovisual studio at ACATE’s LinkLab, focused on generative content for brands.
🇧🇷 Solfácil receives approval to become a finance company to boost solar lending via CDBs and credit instruments across LatAm.
🇧🇷 FalconX Brazil launches prime crypto brokerage with BTG Pactual and Mercado Bitcoin to boost institutional digital asset services in LatAm.
🇨🇴 Frubana exits Brazil after raising $271M to refocus on core markets. The move is part of a restructuring to concentrate operations in Colombia and Mexico.
🇨🇱 LemonTech launches LIA to automate legal workflows in LatAm. Integrated into LemonSuite and LemonFlow, it adapts to regional regulations.
🇨🇱 Zesty launches Chilean stocks, becoming the first platform with full access to both Chilean and U.S. markets via a deal with Vector Capital.
🇪🇸🤝🇨🇱 Hubtype helps JetSMART automate 80% of customer service in 6 weeks via chatbot Austral, handling 150K+ monthly interactions.
🇨🇴 Kamin launches to enable 24/7 real-time payments for businesses via Transfiya, backed by Kaszek and Fintech Collective.
🇻🇪 Crixto enables USDT payments via Binance Pay at Venezuelan stores, with instant conversion to bolívars.
🇻🇪 Busi Boletos integrates AI assistant PANITA to simplify bus ticket purchases via WhatsApp and revamps its website to enhance travel planning.
🇨🇴🤝🇦🇷 Bink and Pomelo launch a smart benefits card in Colombia with multibucket tech, aiming to modernize employee incentives.
🇲🇽 Nu México reaches 12M clients, equal to 9% of the population, driven by steady growth and financial inclusion.
🇲🇽 Allie named WEF Tech Pioneer 2025 for its AI platform FactoryGPT, used by Heineken and others to boost factory efficiency.
🇲🇽 DiDi Préstamos surpasses 20M loans in Mexico, expanding credit lines and launching perks for responsible users.
🇨🇴🇲🇽 Rappi to maintain current prices in Mexico through 2025 despite labor reform mandating social security for gig workers; possible changes in 2026.
🇺🇸🇵🇪 inDrive grows 32% in H1 2025 as it pushes to become Peru’s first superapp, expanding services and boosting security with Truora.
🇨🇴🇵🇪 Rappi Perú to expand its Turbo deliveries beyond restaurants in 2025 to fuel hypergrowth after reaching profitability.
🇺🇾 AstroPay launches a global financial backend platform for companies to offer wallets, cards, and payments under their own brand, with built-in licensing.
🇺🇾 Scanntech launches ScannFarma to automate pharmacy sales and improve customer service with integrated payments and inventory.
🇺🇾 Flai joins Y Combinator to scale its AI voice assistant tackling up to $1M in lost annual sales per dealership.
🇺🇾 AstroPay launches platform to power global fintech services via licensed APIs, targeting LatAm and Europe.
🇧🇷🤝🇲🇽 Zetta partners with FinTech México to promote regulatory alignment and joint events in LatAm.
🇧🇷🤝🇵🇪 EBANX partners with Yape to enable seamless cross-border payments and subscriptions for LatAm merchants.
🇨🇱🇲🇽🇵🇪 Capta Hydro expands to Mexico and Peru with smart irrigation tech to boost agri-efficiency and reduce water loss.
🇦🇷 Lemon met with U.S. lawmakers to discuss stablecoin adoption in Argentina, after processing $630M in stablecoins in H1 2025.
🇧🇷 Amazon invested $2.5B in Brazil in 2024 to expand e-commerce, AWS, and Prime Video, marking 23% of its total investment in the country since 2012.
🇧🇷 WTM highlights that Brazil’s new tax reform could unlock tech exports. The new VAT-like structure aligns with global standards and aims to simplify rules for internationalization.
🇧🇷 Conselho Monetário Nacional updates FGC rules to reduce risk and strengthen Brazil's financial system. New leverage limits and contribution increases take effect in June 2026.
🇨🇱 Rocktruck promotes gender inclusion in logistics, where only 13% of drivers are women. Leaders like Jocelyn Lobos and Karen Donoso are improving efficiency and diversity across the sector.
🇲🇽 Cofece uncovers collusion among 21 banks, including HSBC and Santander, over credit card fees. Fines could reach 10% of annual revenue.
🇳🇱🇧🇷 Prosus begins offloading its $4B stake in Meituan after the Chinese firm pledged $1B to expand its Keeta brand in Brazil, a key iFood market.
🇨🇴 Nicolás Villa, CEO of Platam, wrote “Startups y MiPymes en Latam: la falta de empatía financiera está rompiendo la cadena de crecimiento” highlighting how delayed payments and limited use of tools like factoring are stalling scalability and threatening SME sustainability across LatAm.
