Hey, it’s Yoel 👋 Back again with the 56th 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:
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👉🏼 If you’re interested in sponsorship opportunities, please reach out to yoel@dealflow.es
🇨🇴 Welli raises $75M to expand financial solutions for the healthcare sector in LatAm. The round was led by Community Investment Management (CIM).
🇧🇷 Velotax raises $23.2M to expand beyond tax services and build a financial superapp. The Series A was led by QED, Valor Capital, and Picus Capital.
🇧🇷 Darwin Seguros raises $18.6M in a Series B led by Vintage to scale AI-driven car insurance and target $185M revenue by 2028.
🇨🇴 Akua raises $13M to expand its AI-powered payments platform across LatAm. The round was led by Flourish Ventures and Cathay Latam.
🇨🇴🇺🇸 Telepatia AI raises $9M to scale its AI healthcare assistants across LatAm. The funds will boost clinical workflow automation and hospital adoption.
🇧🇷 Crown raises $8.1M to grow its BRL stablecoin platform. The round was led by Framework Ventures, with Valor and Coinbase Ventures.
🇧🇷 Lumx raises $3.4M to expand its stablecoin payment infrastructure across LatAm. The round was led by Indicator Capital and CMT Digital.
🇧🇷 180 Seguros raises $2.5M from Vivo Ventures to scale AI-powered insurance and boost Vivo’s fintech expansion.
🇧🇷 Agent.Shop raises $1M to expand its AI-powered conversational commerce platform. The round was led by Maya Capital, Caravela, and Mira Capital.
🇧🇷 DS Marketing raises $930K to scale its martech platform for small retailers. The round was led by Criatec 4, managed by Triaxis and Crescera Capital.
🇧🇷 Chatbot Maker raises $278K to expand its AI assistant platform. The round was led by KPTL via a BNDES-backed fund.
🇧🇷 Draiven raises $139K to scale its AI platform for real-time business decisions. Backers include Marco Tulio Kehdi and other angel investors.
🇧🇷 eMentor raises an undisclosed round to scale its mentoring platform. The round was led by STAMINA Ventures to support growth and AI features.
🇦🇷🤝🇺🇾 Picante, an Argentine accelerator for under-30 founders, invests $30K in Uruguayan ride-sharing app Viatik, supporting its growth in LatAm.
🇦🇷 GMC Valores acquires BiBank to build a 100% digital bank in Argentina and compete with Mercado Pago and Ualá in the SME segment.
🇦🇷 La Segunda Seguros partners with Uiflou to bring AI-driven workplace injury prevention to industrial ART clients.
🇲🇽 Mattilda acquires Algebraix to create LatAm’s first integrated school-finance platform, expanding to 1,000+ schools.
🇧🇷 Oria Capital readies a $55M–$74M secondary fund to buy B2B and SaaS growth stakes, targeting 3–5x returns.
🇧🇷 Inova.São Ventures raises $2.15M to invest in sportstechs. Backed by FCJ Group and Sportheca, it plans to accelerate 50 startups by 2030.
🇧🇷 Cubo Itaú launches Nordic mission to connect LatAm startups with sustainable innovation hubs in Finland and Sweden, expanding global VC ties.
🇧🇷 Valetec Capital to manage Petrobras’ $93M CVC fund for energy transition and decarbonization, launching in H1 2026.
🇧🇷 Prosus N.V. launches BDRs on the B3, opening access for Brazilian investors to tech assets like iFood without IPOs.
🇧🇷🇨🇱 BTG Pactual Chile has issued $60M in venture debt to 16 startups via 3 funds, backing growth in LatAm’s tech scene.
🇵🇪 PVCC25 by PECAP returns Oct 2025, uniting 1,000+ leaders to boost startup investment and celebrate 10 years of VC impact in Peru.
🇨🇱 inDrive launches 2026 Aurora Tech Award in Chile to empower women-led tech startups with up to $50K in prizes; apply by Nov 12.
🇦🇷 Gavin Wood returns as Parity CEO and will open Polkadot’s sub0 Symbiosis in Buenos Aires on Nov 14, spotlighting the next Web3 phase in LatAm.
🇧🇷 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.
🇦🇷 Roxom launches a new asset class: BTC-denominated perpetuals tied to S&P 500, gold, and more, enabling global 24/7 trading directly in Bitcoin.
🇦🇷 Belo drives record Pix adoption in 🇧🇷 Brazil, processing nearly $30M in payments from Argentinians—up 5x YoY, with 90% done in ARS.
🇦🇷 Coderhouse launches a real-time, AI-powered corporate training platform to replace outdated course models and meet evolving tech needs in LatAm.
🇦🇷 Equifax and Alprestamo launch Ponete al Día, a digital platform helping Argentinians settle debts with flexible plans, boosting inclusion and credit access.
🇦🇷 Rentennials surpasses 40K users, setting a record for carsharing in Argentina and boosting local tourism ahead of the 2025/2026 high season.
🇧🇷 Nubank, PicPay, and Banco Inter lead in trust and usage among favela residents, surpassing Caixa, says NÓS‘ study on digital banking adoption.
🇧🇷 Rooftop moves $10.2M in H1 with its real estate liquidity product HomeCash, now Brazil’s 4th largest, aiming to surpass $37M in 2026 via listed FII.
🇧🇷 Liv Up invests $2.8M to expand logistics with 70+ new hubs and dark stores, targeting 100 new cities by 2027 and $1B in revenue by 2030.
🇧🇷 Petgenoma tops global animal genetics ranking with 99.96% precision and becomes Brazil’s first ISAG-certified lab, now eyeing 🇲🇽 and 🇨🇴 expansion.
🇧🇷 InfinitePay, by CloudWalk, tops Brazil’s CB ranking with the lowest complaint rate among major financial institutions, just 135 cases from 14M+ accounts.
🇧🇷 Áurea Finvest debuts Áurea Digital, a marketplace using AI and geodata to match landowners with developers: the “QuintoAndar for land.”
🇧🇷 FictorPay hit by cyberattack diverting $4.8M via Pix, after partner Dilleta Solutions leaked credentials; Brazil’s Central Bank mulls tighter limits.
🇦🇷🤝🇧🇷 Mercado Libre teams up with Casas Bahia to boost electronics sales in Brazil and support the retailer’s turnaround.
🇧🇷🤝🇺🇸 Biofy Technologies and Oracle cut antibiotic resistance diagnosis to under 4 hours using generative AI and genetic sequencing.
🇧🇷🤝🇸🇬 AmFi partners with Helix to offer Brazilian receivables tokens to Singapore investors, paying 12% annually in USD and aiming to move $100M.
🇨🇱 Fintoc receives regulatory approval to operate as a prepaid card issuer. The move enables it to open business accounts and streamline pay-ins/pay-outs.
🇨🇱 Fundación Luksic launches the Brújula del Emprendedor, a digital tool to help Chilean SMEs assess gaps and boost growth with tailored resources.
🇨🇴 Nu Colombia launches credit card and digital loans to boost financial inclusion for unbanked Colombians.
🇨🇴 Cobre and Rapicredit partner to enable instant loan disbursements for 500K+ Colombians, boosting financial inclusion.
🇺🇸🤝🇨🇴 Mambu partners with Ardeco to expand digital banking across the Americas, blending cloud tech with regional expertise for financial institutions.
🇲🇽 Mamut Capital named one of LatAm’s top 10 startups at FINNOSUMMIT 2025 for democratizing crypto investing with AI—letting users start with just $115.
🇲🇽 Revolut receives approval to operate as a digital bank in Mexico, becoming the first independent neobank to obtain a license from scratch in the country.
🇲🇽 Belvo and Banco Azteca surpass 6M income verifications, using open finance to streamline credit access and boost financial inclusion in Mexico.
🇲🇽 Métrica Móvil integrates Geotab Ace to enable AI-driven fleet management, improving efficiency, safety, and real-time decision-making.
🇧🇷🇲🇽 SumUp expands into Mexico (its 37th country) to serve 4.5 million + SMBs with its SumUp Go card reader and financial tools.
🇪🇸🤝🇲🇽 Belvo and Banco Azteca surpass 6M income verifications using open finance to streamline credit access and boost inclusion in Mexico.
🇲🇽🤝🇺🇸 Stori partners with Félix Pago to enable free, instant remittances from the U.S. to Mexico via WhatsApp, boosting financial inclusion.
🇲🇽🤝🇺🇸 Meta and Tiendanube launch an AI shopping assistant on WhatsApp in Mexico, enabling end-to-end purchases within the chat.
🇲🇽🤝🇦🇷 tapi partners with Bankaool to offer commission-free digital bill payments via app, expanding financial access in Mexico.
🇨🇱🤝🇲🇽 Huella Estructural pilots seismic tech in CDMX to monitor schools/buildings in real time and prevent quake risks.
🇵🇪 Crezco Latam surpasses 9k people impacted through financial education and aims to reach 2k by next year with expanded courses and partnerships.
🇲🇽 Homie wins management of Parque Arauco’s first multifamily in 🇵🇪 Peru. The $16M project marks its regional expansion in the LatAm rental housing market.
🇺🇸🇬🇹 Tala launches in Guatemala to expand its AI-driven lending platform. The company has 4M+ users in the Philippines and continues global growth.
🇨🇴 Nequi expands to 🇸🇻 El Salvador and 🇬🇹 Guatemala via local banks, aiming to boost financial inclusion and digital money management in Central America.
🇦🇷 ARBA launches new SIRCUPA rule: fintechs like Mercado Pago, Ualá, and Naranja X must now withhold taxes on incoming payments in Buenos Aires.
🇦🇷 U.S. justice reopens the $LIBRA case, naming Javier Milei and Hayden Davis as potential undeclared beneficiaries.
🇦🇷🤝🇺🇸 Santander Argentina partners with Wallbit to let freelancers bring USD earnings directly from the U.S., boosting formalization and financial inclusion.
🇧🇷 $4.8M from the FictorPay hack was split across 30 institutions, with 40% landing in Caixa, BTG, C6, and Mercado Bitcoin.
🇧🇷 BRL-pegged stablecoins like BRLA & BRZ hit $62M in supply and $238M weekly volume, challenging USD’s grip in Brazil.
🇧🇷🇨🇳 99Food to appeal ruling favoring Keeta, accused of adding “blocking clauses” to restrict restaurants from joining the rival Chinese delivery app.
🇺🇸🇲🇽 Ben Horowitz met with President Claudia Sheinbaum to discuss AI and tech investment, signaling Mexico’s push to become a LatAm innovation hub.
🇨🇱 Emilia Rodríguez Sanhueza wrote “El camino del venture capital en Chile”, a new report by Endeavor Research that maps the evolution of Chile’s VC industry, from its 1990s origins to today’s mature, innovation‑driven ecosystem.
