Hey, it’s Yoel 👋 Back again with the 81st 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 🚀

Subscribed

👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es

Startup funding news 💸

Rounds of $10M+:

• 🇧🇷 Agibank raises $505M via FIDC to fund its credit operations in Brazil, with structuring led by Bradesco BBI and Itaú BBA.

• 🇦🇷 belo raises $14M to expand its cross-border fintech platform in LatAm. Led by Tether, with Titan Fund, The Venture City, Mindset Ventures, and G2.

• 🇧🇷 Segura raises $8M to build an AI platform connecting insurers and brokers in LatAm. Co-led by Andreessen Horowitz and Kaszek, with Big_Bets.

Rounds $1M to $10M:

• 🇧🇷 Hero Seguros raises $7M to expand its digital insurance platform across LatAm. The round was led by Headline XP, with Actyus participating.

• 🇲🇽 Kleva raises $1.55M seed to scale its AI agents for debt collection automation. Led by Wollef Ventures.

• 🇧🇷 Elevify raises $1.35M to expand its global edtech platform. Led by Newtopia.

Other rounds of funding:

• 🇧🇷 Tamborine raises $100K to scale its cloud-based payments infrastructure platform. The round was led by Koinz Capital.

• 🇧🇷 Hyperus raises undisclosed funding to scale its AI-powered industrial efficiency platform. The round was led by Fiemg Anjos.

M&A transactions 🎊

🇧🇷 iFood acquires Get In (undisclosed) to expand into dine-in and boost in-store traffic with reservations and cashback.

🇧🇷 Receita Previsível acquires Meetz’s client portfolio (undisclosed) to expand its sales ecosystem and strengthen its prospecting services.

Investor & accelerator news 🚀

🇦🇷 Mercado Libre launches a $300M closed-end investment fund to finance credit operations, with structuring led by Valo.

🇧🇷 Hiker Ventures targets $20M fund to invest in startups and SMEs across the real economy, aiming to back 15–20 companies.

🌎 Slalom Foundation invests $200K+ in to support social impact initiatives across LatAm and globally, focused on climate, education, and workforce development.

🌎 Fintech sector saw ~$14B raised via IPOs in 2025 to scale operations and pursue banking licenses globally, highlighting a shift toward full-stack financial institutions.

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

• 🇦🇷 Trustars launches an AI platform to boost sales via Google Reviews, expanding to Brazil and Spain.

• 🇦🇷 Ualabee pivots to provide mobility data infrastructure to platforms like Google Maps and Waze, enabling smarter urban transport solutions.

🇧🇷 Brazil

• 🇧🇷 KPTL expands its team and strategy to scale venture investments, including a new ~$40M health-focused fund targeting tech-driven healthcare startups.

• 🇧🇷 Z.ro Bank pivots to B2B to expand its cross-border and crypto payments infrastructure across LatAm.

🇨🇱 Chile

• 🇨🇱 Mine Class launches VigIA, an AI tool that automates document validation, reducing errors and speeding up mining accreditation processes.

• 🇨🇱 Kushki grows 105% in Chile, pushing to expand digital payments and lower costs for SMEs.

• 🇨🇱 Rindegastos launches instant reimbursements and AI features to automate expense management and improve financial visibility for companies.

🇨🇴 Colombia

• 🇨🇴 vurelo launches a fintech platform to simplify digital asset usage and enable everyday payments in Colombia’s digital economy.

• 🇨🇴 Monabit wins top Blockchain & Crypto solution award and joins SusHi Tech Tokyo 2026 to expand its global payments infrastructure platform.

🇲🇽 Mexico

• 🇲🇽 Belvo partners with Banco Plata to expand credit access using Open Finance and employment data, enabling faster approvals and automated collections.

🇵🇪 Peru

• 🇵🇪🇦🇷 Mercado Pago expands its payment methods in Peru to strengthen its fintech ecosystem and support SMEs through broader digital payment solutions.

🇺🇾 Uruguay

• 🇺🇾 Damisa partners with dLocal to expand stablecoin-based cross-border payments in APAC, enabling faster local settlements and seamless market access.

🌎 Other LatAm News

• 🇸🇻 n1co projects 40–50% growth in 2026 to expand its payment platform, driven by increasing adoption among SMEs and entrepreneurs.

• 🇧🇴 Takenos launches new investment features to enable users to invest globally from its digital wallet, starting from $1.

Big company & policy news 💡

🇦🇷 Banco Central de la República Argentina (BCRA) applies bank-level rules to wallets, boosting reliability but increasing fintech pressure.

🇦🇷 Buenos Aires Province proposes a labor reform requiring delivery apps to register workers, provide insurance, and share data to improve conditions.

Interesting reads 💡

🇪🇸 Jose Ramon Perez Agüera (Mercadona Tech) published “Cómo construimos nuestro buscador en Mercadona Tech (y cómo construir el tuyo)”. More about it here

🇪🇸 Juan Luis Hortelano (Blinkfire, Startup Valencia) published “IA y salud: siete días para un prototipo, diez años para un producto”

🇪🇸 Antonio Herranz (Director of Global AI Transformation at Banco Santander) published “La paradoja de los 2,5 billones: por qué las empresas invierten más que nunca en IA y obtienen menos de lo que esperan“

🇪🇸 Philippe Gelis (Kantox) wrote “Slow Capital: A Philosophy for Building Wealth That Lasts”

Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts and support my work.

Subscribed