Hey, it’s Yoel 👋 Back again with the 57th 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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👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇧🇷 CloudWalk raises $781M via FIDC to advance credit receivables for SMEs using InfinitePay. The round included Itaú BBA, Bradesco BBI, BTG, and others.
🇲🇽 Kapital raised $100M in Q3, landing the largest global WealthTech deal as it doubles down on AI-powered finance for SMEs across LatAm.
🇧🇷 Tensec secures $59M in credit from Upper90 to 10x its cross-border transaction volume. Funds will support global B2B payments expansion.
🇧🇷 Vammo raises $45M Series B to scale its ethanol-electric motorcycle platform in LatAm. The round was led by Ecosystem Integrity Fund.
🇧🇷 ISA Saúde raises $30M to expand its home healthcare services and scale AI use. The Series B was led by IFC, with IDB Lab, Dalus, and Endeavor participating.
🇲🇽 Bright secures $15M from Mirova (Natixis) to scale distributed solar in Mexico. It’s Mirova’s first LatAm energy transition investment.
🇧🇷 GamdSports raises $11.2M to expand its sports management platform. The round was backed by an international sports tech fund.
🇧🇷 Produzindo Certo raises $3.85M to expand its agtech platform and boost ESG impact. The round was led by Arar Capital and SP Ventures, with others.
🇧🇷 Lumx raises $3.4M to scale cross-border payments and secure licenses. The round was co-led by Indicator Capital and CMT Digital, with Bitso and others.
🇧🇷 Rhino raises $2.8M to expand its armored ride-hailing fleet in São Paulo. The round was led by TMT Investments and AngelsDeck.
🇲🇽 Ginia raises $1.7M in pre-seed to scale its AI-powered edtech platform. The round was led by Wollef, with NFX and Latitud participating.
🇦🇷 Sumar Inversión raises €1.2M to expand its tokenized real estate platform in Spain and Argentina. The Seed+ round supports its crowdfunding growth.
🇦🇷 ReForest Latam raises $1M pre-seed to scale AI and drone-based reforestation. The round was led by iThink VC.
🇧🇷 Twiggy raises $650K in pre-seed to expand in Brazil and the U.S. The round was led by FUNSES, Bossa Invest, WOW, and ACE Ventures.
🇧🇷🇺🇸 Phelcom raises funds from J&J Impact Ventures to scale AI-powered eye care devices and expand access in underserved regions.
🇦🇷 Remitee receives funding from Krealo to expand its embedded remittance platform across 50+ countries for banks, fintechs, and retailers.
🇨🇴 DRUO raises seed round to scale its direct debit network and expand globally. The round was led by Global PayTech Ventures.
🇲🇽 R2 raises funding from Ant International to scale its AI-driven lending platform and expand SME credit access across LatAm.
🇬🇧🤝🇦🇷 Revolut acquires Cetelem Argentina from BNP Paribas to launch FX and multi-currency services in Argentina and expand in LatAm.
🇦🇷🤝🇲🇽 Moonflow acquires Kobro to strengthen its AI-driven collections platform and expand in a key LatAm market.
🇧🇷 Founders Club acquires Angel Investor Club and targets $8M in funding by end of 2025. The two hubs will remain independent but now share full ecosystem access.
🇧🇷 Spun Mídia acquires MIBR and launches esports vertical EZOR, pledging $18.6M over 5 years to scale brands, teams, and content in LatAm.
🇧🇷 eB Capital launches Flying Rivers Capital with $186M for low-carbon investments, led by Luciana Antonini Ribeiro.
🇧🇷 GovTech Fund, managed by KPTL and Cedro, doubles to $19.6M and targets $27.9M in 2026, boosting gov-startup ties via Prodesp for Startups.
🇧🇷 Sebrae partnered with Crédito Solidário to train entrepreneurs on microcredit use in 5 SP municipalities, focusing on pre- and post-loan support for small businesses.
🇨🇱 inDrive launches 2026 Aurora Tech Award in Chile to empower women-led tech startups with up to $50K in prizes; apply by Nov 12.
🇦🇷 Gavin Wood returns as Parity CEO and will open Polkadot’s sub0 Symbiosis in Buenos Aires on Nov 14, spotlighting the next Web3 phase in LatAm.
🇧🇷 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.
🇦🇷 Practigram partners with Tienda Nube to launch an exclusive training module helping entrepreneurs build online stores and scale e-commerce sales.
🇦🇷 Ualá under strain: FIX flags high arrears and capital risks as the fintech lays off 100+ staff amid $30B loss at Ualá Bank.
🇦🇷 Entelai launches Agent One, the first clinical AI assistant built in LatAm, aiming to transform diagnostics with local medical expertise.
🇦🇷🤝🇸🇦 Aleph partners with SMC Media to expand in MENAT, with SMC set to join as a minority shareholder.
🇧🇷 Itaú and C6 Bank launch World Legend, a new Mastercard card for ultra-wealthy clients in Brazil, ranked above Black tier.
🇧🇷 Unico hits record authentication volume with 110% YTD growth, securing top banks, retailers, and iGaming platforms amid rising digital fraud in Brazil.
🇧🇷 Bemobi launches a Pix orchestrator to streamline recurring payments and enable automatic bank switching for essential service providers in Brazil.
🇧🇷🤝🇺🇸 Mombak partners with Google to scale AI-powered reforestation and carbon removal in Brazil ahead of COP30.
🇨🇱 Reborn Electric Motors partners with Marcopolo to export Chilean-made e-buses and lead LatAm’s shift to electric mining transport.
🇨🇱 Enerlink powers EV infra in 6 LatAm countries, cutting CO₂ equal to 19,000 homes every year.
🇨🇱 Preu Filadd becomes Chile’s most territorially expansive online test-prep platform, now reaching students in every region.
🇨🇱 KLog.co becomes the first Chilean startup to secure a ticker (“KLOG”) on the NYSE, marking a major stride toward its global logistics ambitions.
🇨🇱 HORUX Latam partners with Instituto Chileno de Neurología to tackle driver fatigue with sleep science and tech for safer roads.
🇨🇴 Wenia launches Wenialogía, a free platform to teach crypto basics and build trust in the digital economy.
🇨🇴 Minka launches Payments Hub to simplify Bre-B integration, enabling banks and fintechs to scale digital payments and offer new BaaS models.
🇨🇴🤝🇺🇸 Nequi partners with Banco Agrícola and Mastercard to expand digital remittances and boost financial inclusion in El Salvador.
🇲🇽 Cheaf expands to Colombia with its food rescue app, offering surprise bags of surplus goods to fight waste and support sustainability.
🇲🇽 Trafalgar SOFIPO launches with CNBV approval to offer AI-driven financial services to underserved Mexican SMEs.
🇨🇴 Fanki to digitize Mexico’s Estadio Banorte with AI, cashless payments, and analytics ahead of the 2026 World Cup.
🇺🇸🤝🇲🇽 Amazon deepens its alliance with Rappi in Mexico, launching 15-minute deliveries via Rappi Turbo to compete with Mercado Libre and Walmart.
🇪🇸🇲🇽 Bnext launches in Mexico, offering zero-fee accounts, a Visa card, and a fully digital app for managing finances online.
🇺🇾 dLocal launches BNPL Fuse, a single-API aggregator bringing flexible payments to emerging markets across LatAm, Africa, MENA, and Asia.
🇺🇾 Prex pauses its launch in Paraguay, while aiming to grow customers by 50% in Peru and reach breakeven in Chile.
🇨🇴🤝🇸🇻🇬🇹 Nequi expands to El Salvador and Guatemala with Banco Agrícola and Bam to drive digital banking and financial inclusion in Central America.
🇲🇽🤝🇺🇾 Kueski partners with dLocal to expand BNPL in Mexico, offering flexible payments to consumers and seamless integration for global merchants.
🇪🇨🤝🇦🇷 Bendo partners with Geopagos to expand digital payments in Ecuador with mPOS, payment links, and Tap to Phone.
🇪🇨 Grupo Futuro partners with Astralintu Space Technologies to launch Ecuador’s first high-capacity private space station.
🇦🇷 Mercado Libre becomes the new sponsor of AFA: from 2026, Argentina’s top football league will be named Torneo Mercado Libre.
🇦🇷 Mercado Libre posts record $7.4B Q3 revenue (+39% YoY), driven by fintech growth and e-commerce gains across LatAm.
🌎 LatAm leads in digital payments with 62% mobile usage, surpassing 🇪🇺 Europe (41%), driven by SoftPOS and young users.
🇧🇷 Brazil to hit $418.8B in e-commerce volume in 2025, leading 🌍 LatAm growth with 21% annual rise, powered by PIX (Nuvei).
🇬🇧🇧🇷 Revolut expands in Brazil with interest-bearing BRL accounts, metal cards, and credit products, boosting its presence across LatAm.
🇲🇽 Israel Pantaleón wrote “AI in the legal sector is driving a new era of efficiency in Mexico”, on how tools like LemonTech’s LIA are transforming legal work with automation and data-driven strategy.
