Hey, it’s Yoel 👋 Back again with the 50th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
From unicorns to infrastructure, LatAm’s tech scene delivered another powerhouse week. 🇲🇽 stole the spotlight with headline-grabbing rounds and bold fintech moves, while 🇧🇷 and 🇺🇾 showed strength across deeptech and innovation. Capital keeps flowing—and the ecosystem keeps building.
Plenty to break down—so let’s get into it 🚀
🇲🇽 VEMO raises $250M to expand its public EV charging infrastructure and electric transport network. The round was led by Vision Ridge Partners and supports the company's scaling plans across Mexico.
🇲🇽 Kapital becomes a unicorn after raising $86M to enhance its AI-powered financial platform for SMBs. The round was led by Tribe Capital, with backing from Y Combinator and others.
🇲🇽 Medá, Binance’s new IFPE, receives $53M to drive digital payments and position Mexico as a fintech innovation hub. The funds will support local operations and regulatory compliance.
🇲🇽 Mattilda secures $50M in debt from Lendable to expand its school financing platform across LatAm and pursue strategic acquisitions.
🇧🇷 180 Seguros raises $9.2M to accelerate AI projects and expand regulatory capital. The round was led by 8VC, Monashees, Canary, with FJ Labs joining.
🇨🇱 Toteat raises $7.4M to expand across LatAm and develop AI-driven solutions for restaurant management. The funds will strengthen commercial teams and enhance its platform with real-time data and automation.
🇵🇪 PathPilot raises $1.3M pre-seed to scale AI agents for fintechs. Backed by Y Combinator, Alaya Capital, and others, it plans to expand in the U.S. and LatAm.
🇦🇷 Bugster raises $300K from 500 Global to take its AI-powered software testing global, targeting Silicon Valley and 150M+ developers.
🇦🇷 Ualabee raises $125K from Magical to expand smart mobility in Chile and prepare its launch in Peru, scaling sustainable transport solutions across LATAM.
🇦🇷🤝🇧🇷 Mercado Libre acquires a São Paulo pharmacy from Memed to enter Brazil’s pharma e-commerce market, aiming to expand digital OTC drug sales.
🇫🇷🤝🇧🇷 Le Pot Commun acquires 100% of Abacashi to expand in Brazil and grow annual revenue beyond $11M. The French group aims to turn Abacashi into a trusted brand in social crowdfunding while preserving its local identity.
🇧🇷🤝🇷🇴 Stefanini acquires Cyber Smart Defence to expand in Europe and boost its global cybersecurity unit. The deal deepens a partnership started in 2020.
🇧🇷 SEK acquires NetBR to boost its cybersecurity scale in Brazil, aiming for over $55M in revenue by 2025.
🇧🇷 Sankhya acquires Lincros, a logistics startup from Blumenau, marking its 10th acquisition in five years to enhance its ERP ecosystem with AI-driven transport and distribution capabilities.
🇨🇱 Vela Telematics acquired TrackTec, a Chilean fleet management and telematics firm, which will continue operating under its brand and team.
🇨🇴 Longevo, founded by Open English’s Andrés Moreno, sold 55% to Seguros Sura to strengthen chronic disease prevention and wellness in Colombia.
🇲🇽 Banorte sells 100% of digital bank Bineo —including its license— to a Klar subsidiary, aiming to help Klar become a full bank.
🇧🇷 Plug and Play Brazil says VCs seek strong teams, market fit, and clear execution. Beatriz Papoti Alves highlights that consistency and a sharp pitch are key to funding.
🇧🇷 Invest Tech & The Collab launch a $27.7M fund to invest in deeptech startups in Brazil, focusing on cutting-edge science & tech.
🇨🇱 Banco de Chile launches 10th Desafío Emprendedor with $162K in prizes for startups and SMEs; applications close Sept 14.
🇵🇪 Inspira.TECH Fest 2025 lands in Lima on September 24, uniting tech, education, and finance for its biggest edition yet.
🇨🇴 L’Oréal & Cambridge open global accelerator for sustainable startups with mentoring, certification & investment links; apply by Oct 15.
🇨🇱 inDrive launches 2026 Aurora Tech Award in Chile to empower women-led tech startups with up to $50K in prizes; apply by Nov 12.
🇦🇷 Klimber wins “Insurtech of the Year” at the AIP Awards during EILA 2025. The award highlights its role in driving digital insurance innovation across LatAm.
🇦🇷 Win Investments and Newell’s Old Boys tokenize rights of 20 players, including Lionel Messi, letting fans invest and support the club.
🇦🇷 Calice launches NODES Freemium, a free version of its agtech platform, and wins Aapresid’s Startup Demo Day for its AI-powered virtual field trials.
🇦🇷 Teamcubation trains junior devs via real projects and now launches Booster AI to help teams automate tasks and adopt AI at scale.
🇦🇷 Adsmovil launches Linki, letting agencies run multi-retail campaigns across 30+ LatAm retailers from one platform—boosting efficiency and unified reporting.
🇦🇷 Satellogic inks seven-figure deal with India’s Suhora for exclusive EO data rights across India and Nepal.
🇦🇷 Payway processed $5M in USD debit payments in one month, led by tourism adoption and eyeing expansion to more sectors.
🇨🇱🇦🇷 Global66 invests $3.2M to build a regional hub in Argentina, expanding offices, team, and tech operations.
🇧🇷 Brazil’s iFood to invest $3.1B from Apr 2025–Mar 2026 to boost orders, expand ops, hire 1,100+ staff, and offer credit to users and restaurants.
🇧🇷 Nu Holdings stock rose 21% in August after a blowout Q2: 4.1M new users, $637M net income, and rumors of acquiring 🇦🇷 Brubank.
🇧🇷 David Vélez, CEO of Nubank, sold 3.5% of his stake—33M shares for $435M, citing estate planning; follows similar sales in past years.
🇧🇷🇲🇽 BUSUP opens office in Mexico to expand its corporate mobility platform and consolidate leadership in LatAm.
🇧🇷🇸🇬 EBANX secure in-principle MPI licence from MAS, boosting cross-border payments in APAC.
🇨🇱 Leaders propose updates to Start-Up Chile to boost its impact on LatAm startups, focusing on growth support, investment ties, and tech adaptation.
🇨🇱 Tenpo, backed by Credicorp, boosts capital across units as it moves toward becoming a bank, after securing provisional approval from Chile’s CMF.
🇨🇱 Vita Wallet projects $2B in transactions by end of 2025. The fintech offers fast, low-cost international payments and recently earned ISO 27001 certification.
🇨🇴 Merqueo, Colombia's digital supermarket pioneer, shuts down after 10 years, closing its flagship Chapinero location amid ongoing financial struggles.
🇨🇴 Colombia Fintech presents a 2026–2030 roadmap with 120 proposals in 22 areas to boost the country’s digital finance ecosystem.
🇨🇴 Wenia launches Cuenta Global to send and receive USDC with U.S. bank accounts, targeting remote workers, entrepreneurs, and families.
🇨🇴 akaunt partners with Banco Finandina to enable users to save and transact with stablecoins, advancing multi-currency banking in Colombia.
🇨🇴 RappiPay launches RappiCuenta Empresas with free transfers, payroll tools, PSE links, and vaults yielding up to 8.25% E.A. for businesses.
🇨🇴 Gelsa to launch TodoPay in Sept 2025, entering Colombia’s digital wallet market to compete with Nequi and Daviplata via 2,500+ Paga Todo points.
🇦🇷 Ripio, crypto infrastructure fintech, reaches 24M users and expands B2B in Colombia with OTC and “Crypto as a Service” for banks and fintechs.
🇲🇽 Vexi partners with tapi to enable utility bill payments in-app, expanding financial inclusion for underbanked users in Mexico.
🇲🇽 inDrive México gears up for the FIFA World Cup 2026, enhancing safe mobility in CDMX, Guadalajara, and Monterrey for tourists and locals.
🇲🇽 Coba strengthens ties with cross-border transport firms via networking, offering fintech tools for fast, flexible finance between Mexico and the U.S.
🇲🇽 Prixz forecasts 1,000% growth every 3 years as its AI-powered digital pharmacy expands affordable access to 15,000+ health products in Mexico.
🇲🇽 Kilimo launches pilot in Estado de México to improve water efficiency and soil health through regenerative agriculture practices.
🇦🇷 Mercado Pago hits 1M POS terminals in Mexico, doubling its network YoY and boosting 400K+ SMEs with payments, credit, and digital tools.
🇵🇪 Bsale aims to digitalize 2,000 SMEs in Peru and reach $1.5M revenue in 2025, offering sales tools for less than a daily coffee.
🇲🇽🇵🇪 BioBox launches in Peru with smart machines that reward recycling, promoting eco-friendly habits through tech and incentives.
🇺🇾 Uruguay's innovation sector attracts $121M and adds 20+ startups, boosting its role as a rising LatAm tech hub.
🇺🇾 DLocal hits $9.2B TPV (+53% YoY) and $256M revenue in Q2, driven by LatAm & Asia; expects to hit top FY guidance despite FX impact in 🇦🇷.
🇺🇾 Grey & dLocal hit 80% QoQ growth in payouts across new markets like Morocco, Egypt & Algeria, boosting global expansion.
🇺🇾🤝🇦🇷🇯🇵 PedidosYa launches $50M joint venture with Motomel and Suzuki to finance new motorcycles for 45,000+ delivery drivers.
🇺🇾🇵🇾🇵🇪 Fenicio eCommerce expands to Paraguay and Peru, becoming Uruguay’s first e-commerce platform to go regional, now serving 600+ clients.
🇲🇽🇨🇱🇵🇪 Bitso expands B2B crypto services to Chile and Peru, launching FXaaS and Pay with Bitso. The move follows $12B in transactions processed in 2024.
🇦🇷 BCRA plans new rules for digital wallets like Mercado Pago and Ualá, including banking licenses and a segmented PSP model—Open Finance also on the table.
🇦🇷 Mercado Libre launches Negocios, a B2B platform for bulk buying with special terms for verified companies—targeting SMEs, large firms, and public entities.
🇧🇷 Odata secures nearly $1B to expand its data centers across LatAm, including Colombia, Chile, and Mexico. The investment, from Brookfield and BTG Pactual, will also fund a new center in São Paulo.
🇬🇧🇨🇴 Revolut readies entry into Colombia with $37M in capital, aiming to operate nationwide under Revolut Bank Colombia S.A.
🇺🇾 Uruguay updates its crypto rules under the Ley de Activos Virtuales, creating stricter requirements for financial VASPs (BCU approval, guarantees, audits) and a lighter regime for non-financial VASPs.
🌎 Joseph Baselice published “Nubank: The Secrets of the First South American Fintech That Even Convinced Buffett”, an in-depth profile on the rise of Nubank, its impact on LatAm banking, and how it attracted Warren Buffett’s $416M investment—despite recently exiting that position.
