Hey, it’s Yoel 👋 Back again with the 38th edition of Dealflow LatAm—your go-to source for all the deals, moves, and momentum in the region’s startup scene.
This week was relatively quiet by recent LatAm standards, but momentum hasn't stalled. 🇧🇷 Brazil led the charge, with major moves in funding, M&A, and ecosystem development. While there were fewer big-ticket rounds, we still saw important activity in 🇲🇽 Mexico and 🇨🇱 Chile, especially around AI and fintech. The pace may have slowed, but the region is steadily moving forward.
Plenty to break down—so let’s get into it 🚀
🇧🇷 Agibank raises $370M via its first FIDC to expand credit operations through 2030. The issuance, backed by payroll-deductible loans, was oversubscribed and attracted 20 institutional investors.
🇲🇽 Xepelin secures $54M from BBVA Spark to expand its AI-powered financial platform for SMEs in Mexico. The funds will support credit access and digital finance tools for over 50,000 businesses.
🇧🇷 Meliuz raises $32.4M in a share offering to buy bitcoin, positioning itself as Brazil’s first bitcoin treasury company.
🇧🇷 Frente raises $5.5M in a Series A round to expand its international Pix-based payment service. The round was led by Magma Partners, marking its first fintech investment in Brazil.
🇲🇽 Lounn raises $1M in a pre-seed round to automate SME credit with AI. The round was led by Kolab Ventures and Highline Beta, and will fund tech development and credit process automation.
🇧🇷 Nekt raises $900K to expand its AI data platform. The round was led by Alexia Ventures, with founders of RD Station, Trybe, and others participating.
🇧🇷 clickCompliance receives $300K from Cemig to build an AI-based whistleblower channel and modernize its digital compliance platform.
🇦🇷 Talentum raises $250K to scale its AI recruiting platform "Sara". The round was led by Allygatr, with participation from First Check Ventures.
🇧🇷 BTG Pactual acquires Justa to expand its SME payment solutions. The deal strengthens BTG’s fintech portfolio and supports its international strategy, leveraging Justa’s digital payment tech.
🇧🇷 Afinz acquires D3 Pagamentos to expand its SME services. The deal strengthens its integrated fintech platform under the new "Afinz Empresas" unit.
🇺🇸🤝🇧🇷 Warburg Pincus increases its stake in Contabilizei to 36.4% by acquiring shares from IFC and Quadrant. The U.S. fund remains the startup’s largest shareholder, ahead of SoftBank.
🇺🇸🤝🇨🇱 Exagon Impact Capital acquires SunRoof to boost C&I solar in Mexico. The deal adds to Exagon’s LatAm renewables portfolio, leveraging SunRoof’s AI cleaning tech.
🇧🇷 Axcell and Idesam launch a $4.5M fund to invest in up to 10 bioeconomy startups in the Amazon, with checks ranging from $180K to $1.8M.
🇧🇷 Pátria Investimentos raises $18M for its Reforest Fund to support reforestation and asset development, with participation from Vélez and Bracher.
🇧🇷 Greener and Iriun launch Noris, a JV focused on M&As of solar plants in Brazil, aiming to boost consolidation in the distributed generation sector.
🇧🇷 Sebrae-SP announces $45M plan through 2029 to support AI startups and emerging hubs after GSER 2025 recognition.
🇧🇷 RV (ex-Randon Ventures) eyes two new investments in 2025 after exits from Money Money (acquired by Fiserv) and Delta Global. The CVC also expands with its own startup acceleration program.
🇨🇱 Centro Tecnológico de Economía Circular gets $1.75M from Gobierno Regional and Corfo to boost sustainable innovation in Los Lagos.
🇨🇱 Quintil Lab Viña launches with a $500K fund to accelerate sustainable mining startups in LatAm. The program is backed by Quintil Valley and Distrito V21.
🇵🇾 Paraguay Tech Week 2025 will gather startups, VCs, and fintechs in Asunción from June 17 to 19.
🇨🇱 Instituto 3IE and HENUA TECHNOLOGIES launch a free program to help startups scale with sustainability; applications open until June 18.
🇨🇱 ProChile and Corfo launch GoGlobal 2025 to help 50 startups expand abroad; applications open until June 18.
🇨🇱 Transelec Ventures opens a new call for startups to co-develop solutions in market intelligence and operational risk modeling. Deadline: June 23, 2025.
🇺🇸🌎 AWS opens applications for the Generative AI Accelerator 2025 to support 5 LatAm startups; deadline is July 10.
🇲🇽 Bitso launches Hackathon MXNB with up to ~$7K for DeFi/payment projects using MXNB. Backed by Arbitrum, QED, Portal. Deadline: July 14.
🇧🇷 South Summit announces its Climate & Bioeconomy edition in Belém, set for July 15–16, with a focus on innovation, sustainability, and COP30.
🇲🇽 Daikin launches AirTech Challenge 2025 for HVAC startups. Winners pitch in Monterrey and win a trip to Japan. Deadline: July 31, 2025.
🇲🇽 VTEX CONNECT LATAM 2025 returns to Mexico on September 25 to unite digital commerce leaders for networking and innovation.
🇨🇱 Transbank and ChileConverge launch a new SME support cycle with free workshops and digital tools running through November 2025.
🇨🇱 NTT DATA Chile opens eAwards 2025 for tech startups creating positive impact. Applications open until end of 2025.
🇦🇷 Ab Astra joins Neuquén’s tech hub as its first startup, using cosmic rays for subsurface imaging. Backed by CITES.
🇦🇷🤝🇺🇸 Clúster Agtech Córdoba partners with The Yield Lab, BioSTL, and WTC St. Louis to boost agtech innovation and startup growth.
🇧🇷 Creditares launches $20M FIDC to scale agricultural credit for small producers in Brazil through its SaaS platform and agrobankers network.
🇧🇷 CAF expands to the U.S., U.K., and Uruguay and launches VerifAI Docs, an AI tool to detect fraud in unstructured documents with over 500 methods.
🇧🇷 Koin partners with Zoop to launch integrated B2B antifraud and payment gateway solutions, enhancing e-commerce security and conversion.
🇧🇷 Softplan splits public/private ops, launching Starian to serve private-sector clients while Softplan focuses solely on public contracts.
🇧🇷 Plaza invests $370K to launch Maya ADM, an AI tool automating up to 90% of rental support via voice and WhatsApp to boost efficiency.
🇧🇷 Éder Medeiros, founder of Maker Market, invests $180K to launch a platform connecting 3D designers, printer owners, and e-commerce sellers in Brazil.
🇧🇷 Nuvemshop invests $10M in Nuvem Chat, an AI-powered WhatsApp tool to automate customer service and boost e-commerce conversions across LatAm.
🇧🇷 Rare earth startups seek $1B from BNDES and Finep to scale projects and position Brazil as a China alternative in the sector.
🇧🇷🤝🇺🇸 Matera partners with Circle to let Brazilian banks manage USDC and multi-currency payments without intermediaries.
🇨🇱 Fintoc appoints Ignacio Fernández as Country Manager for Chile to drive its Openfinance growth and navigate the emerging fintech landscape.
🇨🇱 Creditú, Comunidad Feliz, and Huella Estructural win at PropTech Latam Awards 2025 for innovation in fintech, property tech, and construction.
🇨🇱 Melissa Muñoz launches AutistApp, a free tool offering organizational and emotional support for autistic individuals.
🇨🇴 Yuno expands into Chile, serving clients like McDonald’s, Rappi, and ComparaOnline with over 1,000 integrated payment methods.
🇨🇴 Sempli and Liquitech financed 420 SMEs with $21.7M through factoring. The Colombian fintechs aim to reach $38M in originations by late 2025.
🇨🇴 Payana and Alegra partner to bring AI to SME accounting in Colombia, boosting speed and reducing errors in financial operations.
🇨🇴 Wingo boosts digital payments across LatAm by partnering with Yuno, raising approval rates by 14% with Smart Routing tech.
🇨🇴 Yuno selects London as its European HQ to boost global expansion and support clients across Europe.
🇵🇷 Evertec integrates Google Pay across LatAm and will launch instant payments button in Colombia by September 2025.
🇨🇦 Nuvei sets up Colombia as its LatAm hub to expand operations and boost digital payments with local talent and direct acquiring.
🇲🇽 Covalto, a fintech that acquired a bank, invests $71M in tech to scale SME financing and sustain double-digit growth through 2030.
🇺🇸🤝🇲🇽 Helium partners with Movistar Mexico and AT&T to expand mobile coverage using its decentralized hotspot network.
🇵🇪 Chazki targets 190 cities in LatAm by 2028 after 45% YoY growth and strong expansion in Argentina and Mexico.
🇨🇱 Viper launches in Peru with its emergency dispatch tech, partnering with a major health insurer to manage 15+ prehospital units.
🇺🇸 inDrive Money launches in Peru to offer cash loans for drivers. The service is provided in partnership with R2, aiming to improve financial inclusion.
🇨🇴🌎 Minteo expands stablecoin COPM across LatAm to streamline B2B payments, tripling clients in Colombia and targeting five new markets.
🇨🇴🇸🇻🇬🇹 Nequi expands to El Salvador and Guatemala to boost financial inclusion, starting with 100K-user goal via Bancoagrícola.
🇵🇦 Kuara adds Banistmo, expanding its real-time interbank payment network to 900,000+ clients and boosting Panama’s digital finance transformation.
🇦🇷 The Anti-Corruption Office cleared President Javier Milei of any wrongdoing in promoting the crypto project $LIBRA, ruling it was a personal action with no public resources or policy involvement.
🇧🇷 Brazil will tax crypto profits at 17.5% and raise the betting tax to 18% under a new fiscal bill. The measure aims to curb public revenue losses by tightening rules on digital assets and online gambling.
🇨🇱 Bancada por la Innovación unveils roadmap to modernize Chile’s startup ecosystem. The agenda, backed by 24 deputies, aims to boost tech entrepreneurship through legislative reforms.
🌎 Contxto published “How generative AI tools can help overcome language barriers”, highlighting how platforms like Buddy.AI are using voice-recognition and avatars to help children in LatAm improve their English skills and overcome educational inequality.
