Hey, it’s Yoel 👋 Back again with the 67th 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 🚀

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Startup funding news 💸

Rounds of $10M+:

• 🇦🇷 Pomelo raises $55M to expand its financial infrastructure in Mexico and Brazil. The round was co-led by KASZEK and Insight Partners.

• 🇨🇱 Fracttal raises $35M to grow its AI-driven maintenance platform in LatAm and Europe. The round was led by Riverwood Capital.

• 🇨🇴 Monet raises $24M in equity and debt to expand its nano-loans platform in Colombia and Mexico. The round includes backing from Ventures Comfama.

• 🇧🇷 CashU raises $22.5M for its SME credit fund. New investors include BTG and Capitânia, with Itaú BBA and Credit Saison reinvesting.

• 🇲🇽 Dealism raises $15M to expand its AI-driven sales platform in Mexico. The round was led by GL Ventures.

Rounds $1M to $10M:

• 🇧🇷 Nagro raises $9.5M to boost AI-driven credit tech for agribusiness. The Series B was led by Rabo Partnerships with Itaú Ventures participating.

• 🇧🇷 Magie raises $5M to expand its AI-based WhatsApp payment platform into B2B. The round was led by Lux Capital.

Other rounds of funding:

• 🇧🇷 Uma Penca, Chico Rei’s print-on-demand startup, raises $910K in its first round led by Grupo Gaia to boost tech and governance.

• 🇲🇽 Momento Seguros raised a Series A round to expand its AI-powered vehicle insurance across Mexico, targeting autos, motorcycles, and commercial fleets.

M&A transactions 🎊

🇦🇷 Banco Macro acquires 50% of Personal Pay from Telecom Argentina for $75M, aiming to expand digital services and credit offerings.

🇧🇷🤝🇺🇸 Brex, founded by Brazilians, is acquired by Capital One for $5.15B. It started with corporate cards for startups and now offers a full financial platform.

🇧🇷🤝🇺🇸 JumpCloud acquires São Paulo-based MacSolution to expand its LatAm presence and enhance identity and device management services.

🇧🇷 Brazilian healthtech Bionexo acquired Philips’ hospital records platform for $188M to strengthen its digital health solutions portfolio.

Investor & accelerator news 🚀

🇧🇷🇲🇽 BID Invest committed $30M as anchor investment in Valor Capital's $300M VGAIII fund, backing late-stage tech startups across LatAm & the Caribbean.

🇨🇱 ChileGlobal Ventures launched EVOLVE, offering early-stage climatech startups up to $52K USD in equity-free funding, mentorship, and investor access.

🇨🇦 FinDev Canada lends $15M to Lendable’s $250M fintech fund, boosting credit access for MSMEs and women-led businesses in LatAm, Africa, and Asia.

Opportunities & Deadlines 👀

• 🇲🇽 Impact Hub CDMX & Fomento Social Banamex open EMERGENTE 2026 for creative ventures with social impact; up to $8k, apply by Jan 31.

• 🇧🇷 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.

Startup news 💡

🇦🇷 Argentina

• 🇦🇷 Ualá integrates its credit cards with Google Pay and Apple Pay, enabling contactless NFC payments in Argentina for faster, safer daily transactions.

🇧🇷 Brazil

• 🇧🇷 Agibank files for a potential $1B IPO on the NYSE, after reporting R$8.2B in revenue and R$875M net profit in the first 9 months of 2025.

• 🇧🇷 Runflow, an AI agent-focused ERP spin-off from IFTL, reaches $60K MRR in its first year and targets $200K MRR by end of 2026.

• 🇧🇷 Cashin targets $57M in transaction volume for 2026 as it expands into corporate payments. The fintech is preparing a Series A to support growth.

• 🇧🇷 Will Bank is shut down by Brazil’s Central Bank after Mastercard suspended its cards. The decision follows the earlier liquidation of its parent, Banco Master.

• 🇧🇷 Antonella, founded by 99’s co-founder Ariel Lambrecht, launches with seed funding from Canary to monitor companies’ WhatsApp via AI.

🇨🇱 Chile

• 🇨🇱 Multiplica, Chile’s new tech-driven AFP, is backed by NotCo and Global66 founders. It plans to enter the pension market via the 2027 affiliate auction.

• 🇨🇱 Tenpo becomes Chile's first neobank after securing a full banking license from the country’s financial regulator.

🇨🇴 Colombia

• 🇨🇴 Nequi to enable buying and selling of digital dollars in Colombia via Wenia, Grupo Cibest’s crypto platform. The feature is in pilot and launches in early 2026.

• 🇨🇴 Bancolombia launches Zaswin, a WhatsApp-based remittance tool enabling fast money transfers from the U.S. to Colombia via Bancolombia or Nequi.

• 🇨🇴 Nu Colombia rolls out QR code payments via its app for purchases at Redeban-affiliated merchants, boosting instant digital transactions.

• 🇨🇴 Monet and Bogotá's city gov't disbursed 50K+ loans to fight loan sharks, reaching informal businesses with inclusive, short-term credit.

• 🇨🇴 Global66 saw users send over $100M in remittances in 2025, as part of a total $3.7 billion transacted, more than the previous six years combined.

🇲🇽 Mexico

• 🇲🇽 BlueTek Global, accelerated by Tec de Monterrey, was named by Forbes among LatAm’s top 20 AI firms to watch in 2026 for its energy efficiency tech.

• 🇲🇽 Mi-Biomark, a breast cancer detection startup by 5 EXATEC, won $17.3K in the Santander X Challenge, boosting its LatAm growth plans.

• 🇨🇳🤝🇲🇽 GAC partners with OCN, investing $50M in 2k AION UT units to offset tariff impacts and offer financing to Didi drivers.

🇵🇪 Peru

• 🇵🇪 Toquea launches Toquea Shop, a B2B2C e-commerce offering payroll-deducted credit for employees via a fully digital process.

• 🇵🇪 Juztina, Peruvian legaltech, plans to triple revenue in 2026 and hit $1M, following a $400K round and expansion across LatAm.

• 🇺🇾 🤝🇨🇳 dLocal partners with HONOR to power payments in Peru, enabling eWallets like Yape and others for its new site amid booming eCommerce growth.

• 🇬🇧🇵🇪 Revolut applies for a banking license in Peru as it accelerates LatAm expansion, aiming to reach 100M users by 2027.

🇺🇾 Uruguay

• 🇺🇸🤝🇺🇾 Plug and Play invested in Viatik, a to boost its growth in Argentina, its main market, where it’s growing over 50% monthly.

🌎 Other LatAm News

• 🇦🇷🤝🇧🇷 belo partners with Sumsub to support its LatAm expansion using AI-based identity verification and compliance tech for faster onboarding.

Big company & policy news 💡

🇦🇷 Uber Eats relaunches in Argentina after exiting in 2020, aiming to reenter a now stronger delivery market dominated by PedidosYa and Rappi.

🇧🇷 Nubank reaches 112M+ clients, becoming Brazil’s largest private financial institution, with record ARPAC and 85% monthly user activity.

🇩🇴 The Dominican Republic approved its first crowdfunding regulation, allowing SMEs to raise funds via public securities on licensed platforms under strict oversight.

Interesting reads 💡

🇧🇷 The case of Will Bank shows how rapid growth outside Brazil’s Southeast ended in collapse, with over $1.34B USD in debt and forced liquidation.

🇲🇽 How fintechs are reaching Mexico’s callejones, unlocking credit where banks still don’t tread.

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