Dealflow LatAm #40: Welli raises $25M. Tapi acquires Arcus Mexico. Itaú Ventures launches with $91M.
- Yoel Rodriguez of Dealflow LatAm <dealflowlatam@substack.com>
- Hidden Recipient <hidden@emailshot.io>
Dealflow LatAm #40: Welli raises $25M. Tapi acquires Arcus Mexico. Itaú Ventures launches with $91M.Welcome to the 40th edition of the Dealflow LatAm newsletter: a weekly summary of everything that happened in the LatAm startup and investment ecosystem.
Hey, it’s Yoel 👋 Back again with the 40th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene. LatAm surged this week with fintech, AI, and digital infrastructure breakthroughs! Brazil led with major funding and bold deals, while innovation expanded across borders. The region’s tech ecosystem is accelerating rapidly. Plenty to break down—so let’s get into it 🚀 Startup funding news 💸Rounds of $10M+:
Other rounds of funding:
M&A transactions 🎊🇦🇷🤝🇲🇽 Tapi acquires Mastercard’s Arcus payment network in Mexico to expand its cash-in/out and bill pay infrastructure. The deal adds 50K active points, 350 providers, and 80+ clients, consolidating Tapi as Mexico’s most complete payment network. 🇦🇷 Revolut acquires BNP Paribas-owned Cetelem Argentina to expand in LatAm. The digital bank plans to offer multi-currency accounts, no-fee transfers, and FX trading tailored to Argentine consumers. 🇧🇷 FCamara acquires Dfense through a share swap and will invest $5.5M to expand its cybersecurity operations. The move aims to build a scalable security vertical targeting critical and regulated sectors. 🇧🇷 CRMBonus acquires Oto CRM from WPP to boost in-store CRM. The deal adds $5.5M in revenue and 4,000+ stores to its network. 🇨🇴🤝🇧🇷 Álaga is acquired by Integrity Holding to scale its digital credit model for MSMEs. The Colombian fintech will operate independently, focusing on tech and analytics-driven lending. 🇨🇱 Talana is acquired by Visma, with Venturance and other shareholders selling their stake in Linq SpA, Talana’s parent company. 🇵🇪 NovoPayment acquires full ownership of Servitebca Peru, boosting its fintech presence in Peru. Investor & accelerator news 🚀🇧🇷 Kiara Capital raises $13.7M in its first external fund to back B2B fintechs across LatAm, targeting up to $41.9M. 🇧🇷 Rosey Ventures, CVC of Grupo Marista, launches with $5.5M to invest in early-stage edtechs and healthtechs. The fund will deploy checks between $45K and $820K to drive digital transformation. 🇧🇷 Itaú Unibanco launches Itaú Ventures with $91M to back LatAm startups in fintech, AI, and cybersecurity. Investments range from $3.6M to $9.1M per deal. 🇨🇱 Bci mobilizes over $750M to support 20,000 early-stage startups in Chile through programs like Bci Nace, Scale W, and Valor Pyme, focusing on financing, mentoring, and inclusion. 🇲🇽 Lotux launches its second fund to invest $50K–$100K in pre-seed startups across LatAm. With five deals closed, it plans 15 more in the next 18 months. 🇲🇽 Coparmex CDMX proposes creating a fund to support innovation and startups in Mexico City, integrating AI and fostering long-term economic and social development. Opportunities & Deadlines 👀
Startup news 💡🇦🇷 Argentina
🇧🇷 Brazil
🇨🇱 Chile
🇨🇴 Colombia
🇲🇽 Mexico
🇵🇪 Peru
🇺🇾 Uruguay
🌎 Other LatAm News
Big company & policy news 💡🇦🇷 Banco Galicia completes integration to become Argentina’s largest private financial platform, now serving 5M+ clients with 350+ branches and 7,200 employees. 🇦🇷 Mercado Libre ranks 75th in Time 100 Most Influential Companies 2025 as a dominant LatAm retailer. It serves 100M+ annual buyers and 60M monthly Mercado Pago users, with $9.2B planned investments in Brazil and Mexico. 🇧🇷 Méliuz buys $28.6M in Bitcoin, reaching 595.67 BTC to become the largest corporate Bitcoin holder in LatAm, boosting capital protection and investor returns. 🇧🇷 Amazon Brazil plans to boost investment and expand its logistics network, following $1.47B invested in the last two years, aiming to grow product offerings and delivery speed with new distribution centers. 🇲🇽 Mexican government launches monthly sessions with startups to remove bureaucratic barriers and improve access to financing, aiming to boost innovation in the tech ecosystem. 🇺🇸 NVIDIA urges expansion of local data centers in LatAm to ensure AI sovereignty, boost regional tech growth, and reduce dependency on US and China. Interesting reads 💡🇪🇸 Alvaro Rojas (hyrise) published “Everything I wish I'd known about AI 6 months ago (as a non-technical founder)” |
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