Hey, it’s Yoel 👋 Back again with the 59th 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:
Cubbo operates fulfillment centers across Mexico and Brazil, managing storage, inventory, and distribution for leading retailers and fintech companies like Natura, Pepsico, Plata Card, L'oreal or Reckitt.
We process over 500,000 orders and 5 million items monthly with proprietary technology that ensures speed, reliability, and cost control. The company generates over $35M in annual revenue with profitable operations and expanding EBITDA margins.
Increase your sales by delivering orders with the same experience as Amazon and Mercado Libre
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👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇧🇷 CloudWalk raises $784M via FIDC issuance in Brazil to expand its payment solutions platform.
🇧🇷 SumUp raises $160.5M via two FIDCs to boost liquidity and advance receivables for small businesses; led by Bradesco BBI and Itaú BBA.
🇨🇴 Addi raises $71M from Goldman Sachs, Fasanara and BBVA Spark, boosting its LatAm credit expansion to $420M total.
🇧🇷 Tensec secures $60M credit line from Upper90 to scale global transactions from $515M to $5.15B annually using AI-driven FX infrastructure.
🇧🇷 PX raises $47M from Bicycle Capital to cut user fees, scale logistics tech, and launch U.S. ops in 2026; total raised hits $58.6M in 12 months.
🇧🇷 Vixtra raises $28M via Fidc led by Itaú BBA to double funding and target $226.6M in financed imports in 2025.
🇨🇴 LQN raises $12M ($10.5M debt, $1.5M equity) led by Grupo Pegasus to launch home equity credit platform and expand mortgage tech services.
🇧🇷 Loomy raises $9.4M from EXT Capital to scale smart condo infrastructure and boost nationwide expansion.
🇧🇷 Exato Digital raises $3.8M Series A led by Bradesco and Quartzo to scale automated background checks after hitting breakeven.
🇦🇷🇺🇾 Eywa Biotech raises $3.5M to produce low-cost pharma-grade psilocybin for depression, backed by Tim Draper.
🇲🇽 MiChamba raises $2.25M pre-seed led by Wollef to scale its WhatsApp-based AI platform and expand into the U.S. market.
🇦🇷 Avedian raises $2.2 M led by Meet Capital to grow its AI platform for hospital and insurer efficiency as it enters the US market.
🇦🇷 Sensify raises $2M to expand its AI vending tech used by Coca-Cola and Pepsi, boosting efficiency and global reach across LatAm and Europe.
🇧🇷 Quartzo invests $1.2M in Solan to scale PV Operation, its SaaS platform for remote solar plant monitoring and efficiency.
🇨🇴 Synthera AI receives $1M in AWS cloud credits and mentorship via the Generative AI Accelerator to scale its AI fintech tools for market analysis.
🇧🇷 Cyan Analytics raises $380K pre-seed led by Córdoba Industrial to scale climate tech for ag and launch new AI-driven prediction tools.
🇧🇷 Blis AI raises $190K pre-seed led by Magela Capital, Stamina Ventures, and a strategic fund to automate travel ops with AI.
🇧🇷 Flora Insights raises $190K from founders and P2B to scale its corporate mental health platform and expand diagnostic capabilities.
🇲🇽 Moneypool, Mexico’s first regulated wallet, secured a Shark Tank investment from Karla Berman, marking a milestone for IFPE fintechs in the country.
🇧🇷 iFood acquires Advolve to boost its AI-powered Ads unit and aims to 5x digital ad revenue by 2030 with automated campaign tech.
🇧🇷 Matera acquires Fáciltech in its largest M&A deal to date, projecting a combined $126.5M revenue in 2026; brands will remain independent.
🇧🇷 Warburg Pincus acquires 64.6% of Voll from Localiza for $72 M, valuing the travel startup at $114 M.
🇺🇾🤝🇺🇸 Grateful is acquired by Exodus to boost stablecoin payments across LatAm, integrating blockchain tools into Exodus’ multichain stack.
🇦🇷 AFA and Win Investments launch the first platform to tokenise footballers’ training rights, kicking off Argentina’s “Transfer Market 3.0” via blockchain.
🇺🇸🇦🇷 SixPoint Capital to invest in Argentina post-election, citing confidence in macro stability and “six more years” of Milei as a game-changer for fintech credit.
🇵🇪 UTEC Ventures backs three startups with FIDA and Sparkassenstiftung support to boost financial and tech inclusion for 17K rural households across LatAm and Asia.
🇺🇸 Cultivar STL grants up to $20K to LatAm agtech startups; first winners: APOLO Biotech and Innovaciones Circulares.
🇵🇪 CAPECE launches Latam Epayment Summit 2025 (Lima + online) with 70+ speakers to decode the future of payments; Nov 24‑26.
🇧🇷 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.
🇦🇷 Bitso CEO Daniel Vogel plans major 2026 investment in Argentina, boosting stablecoin use and regional growth.
🇦🇷 Talentum launches AI copilot for recruiting, landing 50 clients in 6 months and expanding to the US with a $750K round underway.
🇦🇷🤝🇺🇸 Evoltis joins the Nvidia Connect Program and renews its AWS partnership to scale AI-driven CX tech across LatAm.
🇦🇷 Atómico 3 defends its mining tokenization model, denouncing resistance to innovation and transparency in Argentina’s San Juan lithium case.
🇲🇽 Incode, the AI unicorn, expands to Argentina to help banks and wallets detect and block deepfake fraud before identity checks reach official databases.
🇧🇷 Arremate Perfeito reaches 200 auctioned properties worth $11.3M, offering legal advisory and education to simplify real estate investing.
🇧🇷 Yavendió launches in Brazil to scale AI agents automating 98% of social commerce chats after hitting $1.2M revenue in LatAm.
🇧🇷 Compra Rápida hits $189M run rate with clients like Pandora, Guess and Santa Lolla, after growing 8x and raising $3.4M from Olive Tree.
🇧🇷 Minteo launches BRLM, a real-backed stablecoin on Polygon, to boost cross-border payments and Web3 adoption across LatAm.
🇧🇷 Liqi launches tokenized investments in US assets via stablecoins, enabling Brazilians to earn in dollars with reduced fees and no foreign accounts.
🇧🇷 Stone gets approval from Brazil’s Central Bank to launch its own investment brokerage, expanding funding options and entering the investment market.
🇧🇷🇵🇹 Mercado Bitcoin commits €50M to expand in Portugal, aiming to connect EU–Brazil finance under MiCA and accelerate regulated digital‑asset growth.
🇨🇱 Three Chilean startups (Rubisco, Skinology and BondUP) joined a Bci and Endeavor-led tour in Miami to meet investors and launch at the Chile HUB.
🇨🇱 Hpay teams up with TUU to simplify cardless payments for small businesses, boosting financial inclusion and reducing admin burdens across Chile.
🇨🇱 Destacame launches SuperAvanza, a program offering credit and education to help over 4M Chileans in debt rebuild their financial standing.
🇨🇴 Refácil Pay joins BRE‑B to boost real‑time business payments in Colombia, aiming to triple adoption in 12 months.
🇨🇴 RapiCredit, Symplifica and Ísimo team up to boost financial inclusion in Colombia with credit, essential goods and formal labor support.
🇲🇽 Finsus supports new legislation removing fine print in financial contracts to boost transparency and competition in LatAm.
🇲🇽 Solfium partners with Santander México to finance solar systems for corporates, boosting ESG adoption amid green finance momentum.
🇲🇽 SimpliRoute applies AI to optimize last-mile logistics during El Buen Fin, cutting emissions and boosting delivery efficiency in Mexico.
🇨🇴🤝🇺🇸 Rappi and Amazon partner to offer ultra-fast deliveries in Mexico, integrating Rappi Turbo into Amazon’s app to bring local speed to global scale.
🇺🇾 dLocal posts record $10.4 B TPV and 93% profit jump, yet faces selloff as Citi flags rising costs and weaker margins in LatAm markets.
🇺🇾🤝🇺🇸 dLocal and Félix launch stablecoin-powered WhatsApp remittances across LatAm with instant local payouts.
🇻🇪 Wawa runs 65K weekly rides across LatAm and cuts commute times by 30% using AI; active in 🇨🇴, 🇻🇪, and 🇬🇹 with $6.9M in ARR.
🇻🇪 Cashea loses antitrust case in Venezuela; ruling ends exclusivity deals, letting stores join rivals like Lysto and Rapikom.
🇻🇪 Damasco integrates Cashea to offer 12-month digital installments, expanding consumer access and boosting retail in Venezuela’s volatile economy.
🇦🇷 Argentina proposes a new law for Rappi, Pedidos Ya and others, defining repartidores as independent with rights, duties and no employment ties.
🇦🇷 Mercado Pago launches 0% interest loans of up to $7k for entrepreneurs, with instant disbursement and repayment in up to 4 weeks.
🇦🇷🇨🇱 Mercado Pago hits 9.6M prepaid cards and 30M+ monthly transactions, holding 68% of Chile’s market as it expands digital finance for people and SMBs.
🇧🇷 Brazil’s Central Bank sets crypto rules and creates SPSAVs, requiring $2 –$7M in capital; rules take effect February 2026.
🇧🇷 Senate committee revives bill to raise CSLL on fintechs to 15–20% and double bets tax; if passed, it moves straight to the Chamber.
🇧🇷 Nubank hits record $783M net profit in Q3, up 39%, with strong gains in Brazil and Mexico and a 31% ROE, surpassing all analyst expectations.
🇧🇷 iFood commits $60M to expand its electric delivery fleet with Tembici, targeting 45,000 e-bikes and cutting 7,500 tons of CO₂ annually.
🇨🇱 Three presidential candidates unveil distinct tech agendas as Chile votes, aiming to drive digital growth, AI, R&D and startup innovation across the country.
🇲🇽 Revolut Bank enters Beta phase in Mexico with over 220K on waitlist; full launch expected January 2026.
🇲🇽 Amid mounting tech debt, Leadsales and Ecosis stand out in Mexico’s startup scene by turning hype into sustainable value.
🇪🇸 Ignacio Arriaga wrote “Cómo podemos modelar un buen negocio”
🇪🇸 Enrique Domínguez wrote “La caída de Sonder, cuando la narrativa pesa más que los números”
