| Welcome to the 24th edition of the Dealflow LatAm newsletter: a weekly summary of everything that happened in the LatAm startup and investment ecosystem.
🇲🇽 Ximple secures $30M to expand credit access for the unbanked in Mexico. The financing line was provided by Architect Capital and will enable the fintech to grow its loan portfolio and offer financial solutions to small entrepreneurs in the country. 🇧🇷 Jusfy raises funding at a $30M valuation to expand legal tech solutions. The pre-Series A round was led by MAYA Capital, with SaaSholic, Norte Ventures, FJLabs, and Legal Tech Fund participating. The funds will support new fintech features for lawyers, including billing and credit assessment tools.
🇲🇽 Niva raises $5.5M from Kaszek to expand its AI-powered KYB platform globally. Investors include Gradient Ventures, Picus Capital, Canary, and Gilgamesh Ventures. 🇧🇷 Malga raises $5.5M to expand its payment services marketplace. The Series A was led by iDEXO (TOTVS) and Costanoa, with other investors including Ignia and Y Combinator.
🇨🇱 Bifidice raises $850K and partners with Jumbo (Cencosud) to expand its probiotic food line in Chile. The startup plans further LatAm expansion with support from CORFO and ANID. 🇨🇱 ABC Din invests $750K in Vita Wallet, enabling international transfers via ABC Visa. The fintech plans expansion into Mexico, Ecuador, Argentina, and Peru.
🇧🇷 Quill raises $430K to streamline real estate transactions with AI. The pre-Seed round was led by Sororitê Fund 1 and will help the proptech enhance its platform and reach breakeven by late 2025. 🇧🇷 Sunrize raises $430K to launch its protein shake franchise. Investors include Renato Breia, Nathalia Paulino, and singer Di Ferrero, who also becomes a brand ambassador.
🇨🇴 WiseTech Global acquires Opentecnología S.A. to expand its customs and logistics solutions in LatAm. The deal strengthens CargoWise’s operations in Colombia, enhancing efficiency in customs management and compliance. 🇲🇽🇨🇱 Impact Ventures PSM Seed launches a $5M fund for LatAm impact startups. Managed by Impacta VC, it will invest $100K-$300K in pre-seed and seed startups focused on social and environmental impact. 🇵🇾 LAN invests up to $150K in early-stage LATAM startups. The Paraguay-based accelerator offers a 3-month program focused on product-market fit, fundraising, and internationalization, culminating in Paraguay Tech Week. 🇨🇱 Patagonia Startups and Corfo open applications for Impulsa Lab – Los Ríos (2025-2027), an incubation program for Biotech, Agrotech, and digital transformation startups. The initiative supports 20 projects annually with mentorship, workshops, and investor connections. Applications started on February 27. 🇦🇷 Somos Pymes Summit 2025 arrives in Rosario on March 20, featuring discussions on AI, digitalization, and financing for SMEs. 🇦🇷 Naranja X launches the 4th edition of Talento Flux, a fintech leadership program for young professionals in Finance, Risk, IT, and Business. Applications are open until March 21, 2025. 🇵🇪 StartUp Perú PLUG offers up to $40K for foreign climate-tech startups expanding to Peru. Applications close March 25, 2025. 🇧🇷 Inova Cerrado & Inova Pantanal open applications for bioeconomy startups. The Sebrae-backed program offers mentorship and grants of up to $7.5K over six months. Applications close April 4, 2025. 🇦🇷 Mercado Libre Experience arrives in Argentina on April 10, 2025, at Costa Salguero, CABA. The event will connect entrepreneurs and SMEs with e-commerce experts through workshops, networking, and industry insights.
🇦🇷 Calificadas shines at Nasdaq, helping companies improve women's workplace communication. The Argentine startup plans expansion to Mexico and the U.S. Hispanic market. 🇦🇷 Depay launches an API to connect QR payment networks across LatAm, enabling cross-border wallet interoperability. 🇦🇷 BairesDev wins Staff Augmentation Solutions Provider of the Year at the Corporate Excellence Awards 2024. The company provides top-tier LatAm tech talent to global firms like Google and Pinterest.
🇧🇷 Creditas reports $180M in annual gross profit, up 45%, despite rising costs. The fintech plans to expand in Mexico and enhance its digital credit platform, aiming for 25%+ annual growth in 2025. 🇧🇷 Méliuz buys $41M in Bitcoin for its treasury, becoming the first Brazilian company to adopt this strategy. The move aims to diversify investments and hedge against currency devaluation, following global corporate trends. 🇧🇷 QI Tech challenged excessive taxation, seeking relief from Brazil’s Ministry of Finance to avoid operational issues.
🇨🇱 Global66 aims to become a neobank within two years, focusing on regulatory approvals and product expansion. The fintech operates in Chile, Colombia, Argentina, and Peru, with plans to enter Mexico and Ecuador remotely. 🇨🇱 Carozzi partners with Ok To Shop to enhance product transparency. The app helps consumers check dietary suitability and detailed nutritional info by scanning barcodes. 🇨🇱 Copec Pay aims to surpass one million created accounts by 2025, according to its general manager, Ignacio Alfaro. 🇨🇱 Raven wins LA RAZÓN's Multinational Award, becoming the first Chilean company recognized for its impact in business acceleration, generating $6B in client value and 350% sales growth.
🇨🇴 Bankuish wins the 4YFN25 Award at MWC25 Barcelona, earning €20K for its gig worker credit scoring fintech. 🇨🇴 Yango Colombia launches in Bogotá, competing with Uber and Didi. Backed by Taxis Libres, it offers six ride options with AI-powered safety and efficiency.
🇲🇽 Clip named Mexico’s most valuable fintech brand in Kantar BrandZ’s 2025 ranking, valued at $983M. The payments platform is the youngest brand on the list and the only fintech included. 🇲🇽 74% of VC investments in Mexico go to fintech, with $865M invested in 50 startups in 2024. Major rounds included Stori ($212M), Plata ($100M), Baubap ($120M), and Clip ($100M). 🇪🇸 Flat 101 expands into Mexico, strengthening its LatAm presence. The company, now part of Minsait (Indra), appointed Vanesa Robles as Managing Director for the region.
🇪🇸🤝🇺🇾 Santander partners with OrderEAT, offering 10% off school meals for debit card users. The startup digitalizes 300+ cafeterias across LatAm. 🇺🇾 Uruguay Innovation Hub and Endeavor Uruguay partner to boost the country's innovation ecosystem, enhancing collaboration, events, and global outreach.
🇲🇽 TikTok Shop launches in Mexico this month, offering 90 days commission-free for local sellers. 🇲🇽 Mercado Libre launches Mercado Play on Android TV in Mexico, offering free, ad-supported streaming. 🇲🇽 FLII released its third Climate Tech investor mapping in LatAm, highlighting VC funds, multilateral organizations, and philanthropy driving the region’s climate transition. 🇲🇽 Finnovista released the Fintech Radar México 2025, revealing a sector focused on scalability, international expansion, and Open Finance. The report highlights AI adoption, Stablecoins for remittances, and increasing collaboration with traditional banks, solidifying Mexico as a key fintech hub in LatAm.
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