Hey, it’s Yoel 👋 Back again with the 44th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
This week, LatAm’s startup scene surged with major funding rounds, bold VC moves, and fresh waves of AI innovation. From Woba’s $13.5M raise to RapiCredit’s fintech expansion and Itaú Ventures doubling its fund, the region welcomed global players scaling in delivery, travel, and digital infrastructure. Momentum is real — and the next stage of growth is already unfolding.
Plenty to break down—so let’s get into it 🚀
🇧🇷 PagBank raises $170M via financial notes to expand credit and acquiring services. The issuance was led by UBS and Itaú BBA.
🇧🇷 Woba raises $13.5M to scale its flexible office network and enhance AI-driven operations. The round was led by Bewater, with participation from Kaszek, Valor Capital, and others.
🇨🇴 RapiCredit secures $5M to strengthen its financial operations in Colombia. The round was led by Alma Sustainable Finance, with participation from Almavest and the U.S. International Development Finance Corporation.
🇧🇷 Fu2re raises $2.25M to enhance its generative AI solutions and expand into new sectors like agribusiness and industry. The round was led by Copel Ventures and Indicator Capital.
🇨🇱 Admoai raises $1.7M to scale its AI-driven ad platform for mobility companies globally. The round was backed by José Yuraszeck’s and Bernardo Matte’s families, among others.
🇦🇪🤝🇲🇽 Bybit invests $1M in EthicHub to boost LatAm coffee farmers' access to premium markets, shifting 100 tons to higher-value buyers.
🇺🇾 BuenVet raises $500K to expand its AI-powered veterinary platform with same-day home care. The round included ANII and investors from Uruguay, Argentina, Mexico, and Peru.
🇧🇷 TOTVS acquires Linx for $550M to expand its retail tech portfolio and geographic reach. The deal awaits regulatory approval to finalize integration.
🇧🇷 Quartzo Capital merges with Invisto to form a major VC platform focused on B2B startups in SaaS, AI, healthtech, and logtech. The combined firm manages over $120M and aims to double by 2028.
🇧🇷 Play9 creates a holding and acquires Top10 to expand internationally. The move marks its first M&A and supports its growth in creator-led media.
🇧🇷 Creditas launches a $160M fund to finance auto-backed loans in Brazil. The FIDC was managed by Angá Asset and administered by Banco Daycoval, with demand tripling the offered amount.
🇧🇷 Itaú Ventures doubles its fund to $100M and rebrands its CVC under Itaú Unibanco to boost strategic alignment. The fund targets B2B startups in AI, payments, cybersecurity, and more.
🇧🇷 VERT launches blockchain platform on XRP Ledger, tokenizing $130M in agricultural credits to modernize Brazil’s capital markets.
🇧🇷 Brazilian retailtechs raised $269M in H1 2024 across 25 rounds, with AI, data analytics, and e-commerce personalization driving innovation, per Liga Ventures.
🇧🇷🤝🇺🇸 Natura Ventures invests in Mango Materials to scale biodegradable plastics from biomethane, advancing circular economy goals and reducing fossil-based packaging.
🇲🇽 500 Global offers $300K each to 30 AI startups in LatAm with access to its Silicon Valley Launchpad.
🇧🇷 Innovation Labs by V8.Tech opens submissions until July 31 for a hackathon focused on solving real business problems with AI.
🇲🇽 Daikin launches AirTech Challenge 2025 for HVAC startups. Winners pitch in Monterrey and win a trip to Japan. Deadline: July 31, 2025.
🇧🇷 Latitud opens applications for its SF Fellowship, investing $500K in 8 pre-founders. Deadline: August 1, 2025.
🇦🇷 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.
🇨🇱 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.
🇨🇱 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.
🇦🇷 Ripio partners with tapi to enable crypto payments for 5,000+ services directly from its app in Argentina.
🇦🇷 DiDi doubles number of active drivers in Argentina YoY and invests $160M to expand into 10+ provinces. The platform now operates in 200+ cities.
🇦🇷 Wibond launches a white-label Fintech-as-a-Service platform to let companies build and run financial infrastructure with minimal friction.
🇦🇷 N5 Now hiring 100 remote tech professionals in Argentina with salaries from $3,000/month. Roles start in September.
🇦🇷 Naranja X launches USD accounts for teens aged 13+ to boost financial inclusion and promote money management and digital banking skills.
🇧🇷 Monking launches AI-powered audiovisual studio in partnership with Treehouz to test generative tech for marketing and advertising.
🇧🇷 Tivita launches AI agents Julia and Tais to automate scheduling and billing in over 1,000 clinics across Brazil.
🇧🇷 Nubank launches physical SIM for NuCel, offering mobile plans from 20GB for $8.10 with no contract.
🇨🇱 DomestikCo launches Chile’s first AI-powered job platform for domestic workers to automate hiring and reduce informality in 1.2M+ households.
🇨🇱 Cheaf adds 100 small food businesses to expand its food rescue platform across 14 Chilean regions.
🇨🇱 Flow rebrands globally to reflect its tech evolution and expansion into 🇵🇪 and 🇲🇽, targeting digital entrepreneurs.
🇨🇱🇲🇽 Betterfly expands to Mexico with a gamified wellness app to boost employee health and meet NOM-035 rules.
🇨🇴 Plurall disbursed $2.5M in AI-powered microloans and was named a Tech Pioneer by the World Economic Forum, backed by BBVA Spark and FNG.
🇨🇴 Grupo Aval launches GOU Payments to manage low-value payments in Colombia using instant payment infrastructure.
🇨🇴 Puntored partners with Metlife Colombia to launch free pilot insurance for 7,000 merchants, covering personal and business risks.
🇨🇴 Lulo Bank will launch credit cards in Colombia this September, expanding its offerings and competing directly with Nubank.
🇨🇴 B2Chat expands to Europe with a new Madrid hub to scale its multichannel messaging platform and boost client engagement and sales.
🇨🇴🤝🇺🇸 Puntored partners with MetLife to launch free insurance for 7,000 merchants, covering personal and business risks in pilot phase.
🇲🇽 Clip partners with Belvo to offer automated credit and payments using Open Finance, boosting financial inclusion for underserved businesses.
🇲🇽 Boleto Móvil disrupts ticketing in Mexico with 3,500+ events/year. Backed by Y Combinator, it partners with top teams and venues.
🇵🇪 inDrive launches “Para Negocios” in Peru, letting SMEs choose couriers, set prices, and access delivery protection.
🇺🇾 Scanntech launches ScannFarma to automate pharmacy operations, integrate payments, and boost customer service across Uruguay.
🇬🇧🤝🇺🇾 Thredd partners with Inswitch to enable compliant local card issuance for fintechs entering Mexico and scaling across LatAm.
🇧🇴 PESO becomes Bolivia’s first fintech to offer U.S. dollar accounts and global debit cards for seamless saving, spending, and transfers.
🇬🇹 Vudy launches global blockchain payment infrastructure from Guatemala, enabling fast, low-cost cross-border transfers via 9+ blockchains.
🇩🇴 Adofintech joins the We Finance Code to expand credit access for women-led MSMEs in the DR, with BID Invest, BID Lab, and We-Fi.
🇩🇴 Qik launches Qik Pro, a premium financial suite with cashback cards, special rates, and expert support for advanced users.
🇪🇸 HaloTech raises $10.9M to scale its industrial safety tech and expand in LatAm, with operations already in Colombia.
🇦🇷 MercadoLibre ramps up supermarket and banking services to leverage Argentina’s economic recovery. Mercado Pago will seek a banking license and launch credit cards, aiming to become the country's largest digital bank.
🇦🇷🤖🇲🇽 Despegar launches SOFIA, a virtual travel assistant that helps plan and book trips via chat, with access to 1M+ services.
🇦🇷🤝🇺🇸 Globant partners with OpenAI to deliver enterprise AI solutions in LatAm, including ChatGPT Enterprise and LinguaFlow.
🇧🇷 Keeta, Meituan's delivery app, enters Brazil in November with a $1B plan to challenge iFood, Rappi, and 99Food using AI and logistics.
🇧🇷 São Paulo invests $1.47M to boost its gaming industry, supporting training, credit lines, and acceleration for indie studios.
🇧🇷 Inter, Bradesco and Mercado Pago top customer complaints ranking at Banco Central in Q2 2025, with Inter leading at 84.90 per million users.
🇨🇱 Scala Data Centers secures $328M to expand its hyperscale infrastructure in Chile. The funding, led by MUFG, SMBC, BNP Paribas, and Natixis, will support two new data centers and a renewable-powered substation.
🇲🇽 OCN to invest $150M to triple its gig economy fleet in Mexico from 5,000 to 15,000 vehicles across key cities.
🇺🇾 At the Mega Experiencia Endeavor, over 2,000 attendees heard stories of grit from founders like Santiago Rosenblatt (Strike) and Ximena Alemán (Prometeo), who shared lessons on rejection, scaling, and resilience in Uruguay’s startup scene.
