Hey, it’s Yoel 👋 Back again with the 79th 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+:

• 🇲🇽 Plata raises $405M in a Series C led by Bicycle Capital, reaching a $5B valuation to accelerate its expansion as a digital bank in Mexico.

• 🇧🇷 PagBank raises $215M through its third financial notes issuance to support expansion and general corporate purposes.

Rounds $1M to $10M:

• 🇦🇷 Takenos raises $5M in a round led by Variant and Lattice to expand its digital wallet into Peru.

• 🇧🇷 PX Data raises $3M to expand its corporate AI platform, Luria. The round was led by Bradesco Venture Capital, with participation from Vibra Ventures.

• 🇧🇷 BOND raises $2M in a pre-seed round led by Propel Venture Partners to automate SME accounting with AI.

• 🇨🇱 Blanco raises $2M through crowdfunding platform Brota to expand SME financing. More than 160 investors participated in the round.

Other rounds of funding:

• 🇧🇷 Bluefields raises $603K to build an AI-driven startup accelerator model with continuous support.

• 🇧🇷 Fanbase raises $603K from Domo.VC, bringing its total round to $1.6M, to expand internationally and grow its fan monetization platform.

• 🇧🇷 Neotrip raises $502K in a pre-seed round led by HotelInvest to develop its AI platform for hotel bookings and direct reservations.

• 🇧🇷 Falaê raises $301K from Investidores.vc to expand its restaurant feedback and customer intelligence platform.

M&A transactions 🎊

🇧🇷 Sankhya acquires Magis5 to strengthen its ERP with native e-commerce integration. Sankhya plans to invest over $35M in M&As in 2026.

🇧🇷 Etalent and Mola Educação merged to create a corporate education group targeting $10M in annual revenue by 2030.

🇧🇷 Fast Movn acquires Hiperstream to strengthen its financial communication and payments platform, while accelerating international expansion.

🇨🇱🤝🇪🇸 Fracttal acquires TCMAN to strengthen its leadership in Europe and expand its AI-powered maintenance platform.

🇺🇸🤝🇨🇴 Instacart acquires Instaleap to expand in Latin America and strengthen its retail technology platform.

Investor & accelerator news 🚀

🇧🇷 Vinci Compass is targeting a $241M fifth impact fund to invest in mid-sized companies across healthcare, retail, B2B services and agribusiness.

🇧🇷 Uruk Capital is positioning itself as a “credit venture partner” to help companies build and expand credit products.

🇵🇦 ISD partnered with nine organizations to bring the Startup World Cup to 14 Latin American countries and connect founders with global investors.

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

• 🇦🇷 Argentine startup FIA Copilot expanded to 19 countries in just 21 days, helping SMEs implement AI without needing technical teams.

🇧🇷 Brazil

• 🇧🇷 Bull partnered with DM to expand private payroll loans through channels like stores and WhatsApp. The fintech aims to originate $201M in loans in 2026.

• 🇧🇷 Z.ro Bank will shut down its consumer app to focus fully on B2B financial infrastructure and international expansion.

• 🇧🇷 Kobe expects to reach $10.2M in revenue in 2026 by adding AI to its mobile commerce SaaS platform.

• 🇧🇷 Skyone plans to grow 50% in 2026 after a Series C led by Advent International, while expanding through M&As.

• 🇧🇷 Jade Autism, backed by the Centelha Program, created an autism-focused app now used in 179 countries with over 185K downloads.

• 🇧🇷 EBANX expanded into Thailand, Indonesia and Turkey, with Malaysia and Vietnam set to launch next quarter, strengthening its global payments network.

🇨🇱 Chile

• 🇨🇱 Wherex highlighted top suppliers at Aquasur 2026 as it expands its procurement platform. The company has processed over $2.5T in transactions.

• 🇨🇱 Chile’s fintech industry warned that delaying Open Finance implementation to 2027 could slow investment, reduce competition and postpone benefits.

• 🇦🇷 Eldar is expanding into Chile with Onyra, its multi-acquiring software that centralizes payment processing across different providers.

🇲🇽 Mexico

• 🇲🇽 tapi and PayJoy partnered to enable mobile top-ups in PayJoy’s app for over 8M users in Mexico, with tapi deploying the integration in six weeks.

🇵🇪 Peru

• 🇦🇷 Takenos launched in Peru to offer cross-border payments and multi-currency wallets for freelancers and remote workers, following a $5M funding round.

Big company & policy news 💡

🇧🇷 PicPay shares jumped 6% in one day and nearly 20% in the week, leading Brazilian fintech gains in the U.S.

🇧🇷 Brazil’s Senate advanced a proposal to give the Central Bank financial autonomy after Governor Gabriel Galípolo urged lawmakers for support.

Interesting reads 💡

🇪🇸 Luigi Mallardo (former VP of Sales of Woffu, among others) wrote “Scaling Complex B2B Tech: When GTM Instinct Ends and Architecture Begins”

🇪🇸 Itnig interviewed Amir Salihefendić, founder of Doist

🇪🇸 SeedRocket interviewed Carolina Rodriguez, CEO of ENISA

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