Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="8f807faf3b98abedb9ea893a0281633c9aa2cb72e725cfd3168a02a26c7d" Subject: Dealflow LatAm #46: Stone raises $50M. Cocos buys Banco Voii for $20M. Carabela launches $20M deep-tech fund. From: Yoel Rodriguez of Dealflow LatAm To: Hidden Recipient Date: Mon, 11 Aug 2025 11:03:27 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: hK6JMaD3dHGReqJ53YojbaAxunb2bq0Z5kYBJ9b3-D1pMV2lNlMySEjxTRaa3QWXZAjoQw6pDWXZ6ej1zb57dA== --8f807faf3b98abedb9ea893a0281633c9aa2cb72e725cfd3168a02a26c7d Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: quoted-printable View this post on the web at https://dealflowlatam.substack.com/p/dealflow-= latam-46-stone-raises-50m Hey, it=E2=80=99s Yoel [ https://substack.com/redirect/bc0fca90-d7f9-4458-8= 36c-e3917aeaab7f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U ] =F0=9F=91=8B Back again with the 46th edition of Dealflow LatAm= =E2=80=94your go-to source for all the deals, moves, and momentum in the re= gion=E2=80=99s startup scene. LatAm kept the momentum this week with a full slate of funding, M&A, and ne= w VC funds. Brazil led with Stone=E2=80=99s $50M raise to boost Amazon-regi= on SMBs, Argentina=E2=80=99s Cocos secured a banking license via a $20M dea= l, and Mexico=E2=80=99s Carabela launched a $20M deep-tech fund. Fintech st= ayed in the spotlight after last month=E2=80=99s strong run, while acquisit= ions reshaped banking, e-commerce, and tech. From early-stage bets to cross= -border plays, the region=E2=80=99s dealflow shows no signs of cooling. Plenty to break down=E2=80=94so let=E2=80=99s get into it =F0=9F=9A=80 Startup funding news=C2=A0=F0=9F=92=B8 Rounds of $10M+: =F0=9F=87=A7=F0=9F=87=B7 Stone secures [ https://substack.com/redirect/f158= e7be-8b4b-448a-a992-44400a637792?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $50M from BID Invest to expand credit for small= businesses in Brazil=E2=80=99s Amazon region, with a focus on female-led e= nterprises. =F0=9F=87=B2=F0=9F=87=BD Monato raises [ https://substack.com/redirect/5836= 7e25-a41f-477f-bebc-c9e18809f553?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $13M in a seed round led by MONASHEES and FinTe= ch Collective to develop new API-first financial services. Rounds $1M to $10M: =F0=9F=87=A7=F0=9F=87=B7 IORQ raises [ https://substack.com/redirect/bc9b82= a1-6b6c-4c2d-b1d4-fbd58e3398b2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] $6.44M to expand its credit-as-a-service platform= , backed by Monashees, Upload Ventures, ONE.VC, and Norte. =F0=9F=87=A7=F0=9F=87=B7 Frente raises [ https://substack.com/redirect/972a= a3cc-42e8-4a3b-b35b-08dd7cb67036?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $5.5M Series A led by Magma Partners to scale C= omm.Pix cross-border Pix service and expand globally. =F0=9F=87=A8=F0=9F=87=B4 Creditop raises [ https://substack.com/redirect/5f= 5e16ba-5fd4-45f1-997d-34eef5476204?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $3.7M to expand its point-of-sale credit plat= form across LatAm. The angel round was led by Collide Capital, with partici= pation from Clocktower, Alaya Capital, Amador Holdings, Newtopia, and Drive= n VC. =F0=9F=87=A7=F0=9F=87=B7 BlindPay raises [ https://substack.com/redirect/2b= 4e217f-ac9f-482c-a0be-af63b15be22b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $3.3M to expand its global stablecoin payment= s API, backed by Jawed Karim, Bitso, 468 Capital, and others. =F0=9F=87=A7=F0=9F=87=B7 Liquid raises [ https://substack.com/redirect/f314= 217a-c167-40fe-ade2-92f2c6472159?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $2.2M in a seed round led by SaaSholic to expan= d its AI-powered real estate credit analysis platform. =F0=9F=87=A7=F0=9F=87=B7 Radix Florestal raises [ https://substack.com/redi= rect/7b2efbd5-fc5a-47a6-9653-ad9d2ff65f3b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1.84M from Ecosia to expand Amazon re= forestation projects, aiming to restore 2,000 hectares by 2030 and support = local comms. =F0=9F=87=A7=F0=9F=87=B7 Pigz raises [ https://substack.com/redirect/633ea3= da-8365-441b-a44b-77650d8ba509?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] $1.4M to expand nationwide, investing in senior h= ires, new products, and marketing. This first round represents 10% of the c= ompany=E2=80=99s equity. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 FanBase raises [ https://substack.com/redirect/565= 9ac2b-4e68-4b8c-be45-986173b39ba8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $920K to grow its sports fan platform, backed = by Domo.VC, OutField, and Harvard Angels. =F0=9F=87=A8=F0=9F=87=B1 Reite, Chilean smart vending startup, raised [ htt= ps://substack.com/redirect/f18bb889-0c9c-4122-9b86-2ce845ebb0f6?j=3DeyJ1Ijo= iM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $700K from Disco= very-A to expand its AI-powered autonomous mini-store network. =F0=9F=87=A7=F0=9F=87=B7 Leggal raises [ https://substack.com/redirect/fe33= 4a15-a8b8-4907-9a4e-a61771864025?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $312K in a pre-seed round led by DOMO.VC, with = Anjos do Brasil and angel investors, to expand its legal-care-as-a-benefit = platform. =F0=9F=87=A7=F0=9F=87=B7 Gaio secures [ https://substack.com/redirect/0af94= 0fb-6f38-46c7-bd1c-978d0346a4db?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] angel funding to scale its AI follower-to-custom= er platform, reaching a $1.7M valuation with backing from Link Ventures and= others. =F0=9F=87=AC=F0=9F=87=B9 Saf.money secures [ https://substack.com/redirect/= efad762d-bcb4-4646-948b-b021ee080673?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] undisclosed pre-seed funding from Fulgur Ve= ntures, Plan B, Initial Capital, and 1A1z to expand in LatAm and enhance it= s U.S. stablecoin payment infrastructure. M&A transactions =F0=9F=8E=8A =F0=9F=87=A6=F0=9F=87=B7 Cocos acquires [ https://substack.com/redirect/617= 1906f-818f-43b2-a67f-565233f4c49f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Banco Voii for $20M, securing a banking licens= e to expand its financial services and enter the traditional banking system= =2E =F0=9F=87=A7=F0=9F=87=B7 Olist acquires [ https://substack.com/redirect/4e9= fa2a4-eb3c-4855-bca1-b3aca4d986c4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] fintech Flip to integrate payment and credit s= olutions into its digital commerce ecosystem, backed by a $16.56M credit fu= nd. =F0=9F=87=A7=F0=9F=87=B7 BRQ Digital Solutions acquires [ https://substack.= com/redirect/6f0f5b9e-b7b0-467c-a563-af2cb6a6a7e4?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] weme to strengthen presence in= the U.S. and LatAm, combining software engineering, design, and product de= velopment expertise. =F0=9F=87=A7=F0=9F=87=B7 XP acquires [ https://substack.com/redirect/c361f8= 78-5056-4baa-abde-4850e3127b87?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] a significant minority stake in Inove Investiment= os ($1.29B AUC) to accelerate its expansion through organic growth and acqu= isitions. =F0=9F=87=A8=F0=9F=87=B1 Patagonia Startups acquires [ https://substack.com= /redirect/00d84b65-3d9a-4ae3-b3ee-8b6b3f559a25?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Austral Angels from Dadneo to boo= st early-stage funding in southern Chile, with plans to launch a regional v= enture capital fund. =F0=9F=87=B2=F0=9F=87=BD Finsus acquires [ https://substack.com/redirect/19= e9717a-40b1-400b-baef-8f71c17623f8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Anticipa=E2=80=99s tech to offer instant digi= tal liquidity to Mexican SMEs via card-sales advances, expanding its fintec= h ecosystem. =F0=9F=87=BA=F0=9F=87=BE Geocom, Uruguay=E2=80=99s iconic tech firm, sold [= https://substack.com/redirect/df0c40a6-4102-4d98-b33a-40f076104cc2?j=3DeyJ= 1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to Vesta Sof= tware (Constellation Software unit) in a multimillion deal, aiming to doubl= e business in 2 years. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A7=F0=9F=87=B7 Kortex Ventures & IKJ Capital to manage [ https://= substack.com/redirect/667586f8-249e-455b-9111-8a662779c3d9?j=3DeyJ1IjoiM2dm= eXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $36M BNDES/Finep heal= thtech fund backing 20 innovative companies in Brazil=E2=80=99s healthcare = sector. =F0=9F=87=A7=F0=9F=87=B7 BR Angels to invest [ https://substack.com/redirec= t/3dc2dd67-8142-426b-90cc-1daf364cd289?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] up to $828K in healthtech startups from a= $3.68M fund, targeting 3 companies over the next 12=E2=80=9318 months. =F0=9F=87=A8=F0=9F=87=B1 CORFO launches [ https://substack.com/redirect/a87= 1ae74-632c-48aa-aee5-6aad5e8fd735?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] pilot Venture Capital Fund for Magallanes, aim= ing to boost entrepreneurship, innovation, and economic diversification. =F0=9F=87=A8=F0=9F=87=B4 Inverlink and Liquitech launch [ https://substack.= com/redirect/48c82949-be35-4f15-b2e5-2970e07b684a?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] secured e-invoice investment v= ehicle targeting 12=E2=80=9314.5% annual net returns, backed by AA- reinsur= ance. =F0=9F=87=B2=F0=9F=87=BD Carabela launches [ https://substack.com/redirect/= d7ef7f45-1f1d-4bef-8317-18fcb04f2f2e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] $20M 2nd fund to back ~25 LatAm pre-seed de= ep-tech startups in AI, blockchain, IoT, semiconductors, and more. =F0=9F=87=BA=F0=9F=87=BE Cubo Ita=C3=BA Uruguay grows [ https://substack.co= m/redirect/15c1a683-b4f1-4e84-b6ff-e86924f7cf1a?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] portfolio 70% in 2025, from 29 t= o 49 startups, securing 200+ corporate connections. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=A7=F0=9F=87=B7 BRF opens [ https://substack.com/redirect/50e155d5= -c679-4cb6-ac7c-f165e0582baa?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN= 48_jCfgM3m0rbAsF0l24U ] applications until Aug 15 for its startup program f= ocused on agro, grains, industry, and future of food solutions. =F0=9F=87=A6=F0=9F=87=B7 eAwards Argentina 2025 offers [ https://substack.c= om/redirect/8779def1-c45a-49b4-b200-72b74b416efb?j=3DeyJ1IjoiM2dmeXZtIn0.xu= 76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $10K for startups with social i= mpact; winner competes for $100K at Global eAwards in Lima. Deadline: Augus= t 18. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=87=A8=F0=9F=87=B1 Mercado Libre Experience r= eturns [ https://substack.com/redirect/6bd7811e-22d7-4526-a954-3b022e91f08d= ?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to S= antiago on August 27 to connect 5,000+ attendees with top eCommerce leaders= =2E =F0=9F=87=AA=F0=9F=87=BA=F0=9F=A4=9D=F0=9F=8C=8E EU-LAC Digital Accelerator= offers [ https://substack.com/redirect/3672496f-b654-405c-a596-fa586c85fef= f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] =E2= =82=AC10.5K grants for LatAm & EU startups to develop tech solutions; apply= by Aug 31. =F0=9F=87=A8=F0=9F=87=B1 Banco de Chile launches [ https://substack.com/red= irect/0ada2595-511c-4eeb-bc1a-e89242057359?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 10th Desaf=C3=ADo Emprendedor with $1= 62K in prizes for startups and SMEs; applications close Sept 14. Startup news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Argentina =F0=9F=87=A6=F0=9F=87=B7 EDESUR adopts [ https://substack.com/redirect/0582= 9e3c-229e-4468-a756-7c8d318ed701?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] H=C3=A1blalo in all branches, becoming Argentin= a=E2=80=99s first power distributor to use the communication-assistance app= for greater accessibility. =F0=9F=87=A6=F0=9F=87=B7 IpesaSilo & Wiagro launch [ https://substack.com/r= edirect/39c37c9f-c63b-4843-aa94-2b1c636c0696?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] SmartSilobag, the first grain bag w= ith built-in nano-sensors for real-time monitoring of CO=E2=82=82, temperat= ure, and humidity. =F0=9F=87=B8=F0=9F=87=AC=F0=9F=A4=9D=F0=9F=87=A6=F0=9F=87=B7 Bitget teams u= p [ https://substack.com/redirect/d91e1e67-e332-4942-b351-6c9cb048d57a?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Clan= s Arena to let gamers monetize esports through a Web3 token economy. =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 MakeOne launches [ https://substack.com/redirect/5= 450ca29-c828-45cf-bc17-cfb40619a040?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] HexaDigital to offer corporate connectivity = and cybersecurity solutions, aiming for $92M revenue in three years. =F0=9F=87=A7=F0=9F=87=B7 iFood to invest [ https://substack.com/redirect/fd= 30f845-95c8-4f17-ac65-1a6eaa59cac6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $3.1B in Brazil by March 2026, boosting AI, c= redit for partners, and hiring 1,100 staff, mostly in tech. =F0=9F=87=A7=F0=9F=87=B7 PicPay inks [ https://substack.com/redirect/dc231a= 4a-73d0-41ad-b31b-ec9487fa1921?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] exclusive deal with NASCAR to stream all races in= Brazil via PicTV until 2027, offering free Portuguese commentary. =F0=9F=87=A7=F0=9F=87=B7 PagSeguro Q4 2024 net income jumped [ https://subs= tack.com/redirect/65900c48-8251-4f69-97d3-5c83954d9884?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 28% YoY to $423M, with TP= V +28.4% and banking revenue +58%, beating forecasts. =F0=9F=87=A7=F0=9F=87=B7 Nuvini launches [ https://substack.com/redirect/86= 1b629a-95b1-4554-bcbd-00994c3b3174?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] NuviniAI Lab to accelerate AI adoption across= portfolio firms, with full rollout planned for Q1 2026. =F0=9F=87=A7=F0=9F=87=B7 M=C3=A9liuz files [ https://substack.com/redirect/= 2658ddee-e721-4fbc-b1ff-2c29bbc7ddc2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] for Level I ADR program in the US via JPMor= gan, aiming to expand investor base and global presence. =F0=9F=87=A7=F0=9F=87=B7 Adsmovil OOH integrates [ https://substack.com/red= irect/90c65120-f437-4e72-9f95-d231df1b8bfe?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] directly with Invian to boost program= matic DOOH in LatAm, delivering real-time data and greater transparency for= advertisers. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7 Plume & Mercad= o Bitcoin to tokenize [ https://substack.com/redirect/ff90b12b-a2d2-44d3-98= 0c-68376f13a08a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rb= AsF0l24U ] $500M in RWAs, after hitting $40M in just 4 months to boost bloc= kchain-based capital markets in LatAm. =F0=9F=87=A8=F0=9F=87=B1 Chile =F0=9F=87=A8=F0=9F=87=B1 Fraccional.cl expands [ https://substack.com/redir= ect/a5632639-d749-428b-a6de-4e8dd09d4adb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to Spain in 2025, targeting coliving, f= lipping, and new developments in Madrid and Valencia to grow its real estat= e investment platform. =F0=9F=87=A8=F0=9F=87=B1 SumUp launches [ https://substack.com/redirect/dee= 15219-c9c7-4fd2-8ac4-c79b89568a97?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Smart POS in Chile, all-in-one Android termina= l with AI catalog, for ~$72 USD. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B1 Alprestamo inv= ests [ https://substack.com/redirect/cf504a6a-2264-4227-93e6-36fc333e3106?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1.3M = to expand its 100% digital financial marketplace in Chile, aiming for 2.5M = users in two years. =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=87=A8=F0=9F=87=B4 Druo processes [ https://substack.com/redirect/ce7= 21703-306d-4380-8a40-7c7ba8251b5d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $95M in H1 (+180% YoY), surpasses COP 1T total= and hits profitability while expanding in LatAm, US, and soon EU. =F0=9F=87=A8=F0=9F=87=B4 Rappi readies [ https://substack.com/redirect/6f06= 34fb-d4a7-4cbb-b611-c4f063def841?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] NYSE IPO and eyes 2=E2=80=933 new LatAm markets= in 2026, backed by five quarters of profits and rapid Turbo growth. =F0=9F=87=A8=F0=9F=87=B4 Grupo Cibest turns [ https://substack.com/redirect= /9d6724ad-f1d2-423b-9aea-02d1f18be115?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] 150, rebrands under Juan Carlos Mora to bo= ost innovation and expand in Central America. =F0=9F=87=A8=F0=9F=87=B4 Approbe wins [ https://substack.com/redirect/36e02= 731-4cbf-44dd-a235-f51f416ea606?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] trademark battle vs. Apple, securing Appropay br= and after Colombian regulator rules no risk of confusion with Apple Pay. =F0=9F=87=A8=F0=9F=87=B4=F0=9F=A4=9D=F0=9F=87=AC=F0=9F=87=A7 Ontop partners= [ https://substack.com/redirect/4fca5e9d-da31-4244-84a8-3e2d4380a8f4?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Thred= d to offer faster, more flexible global payroll with smart wallets and inst= ant multi-currency payments. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B4 BBVA Spark exp= ands [ https://substack.com/redirect/7edfc693-bab4-491c-a610-fa216481ba90?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Tuhabi= =E2=80=99s credit line from $20M to $60M to boost its digital real estate p= latform and regional growth. =F0=9F=87=B8=F0=9F=87=AA=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B4 Truecaller par= tners [ https://substack.com/redirect/87d04587-917c-4ba0-8c65-fac7a5872135?= j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with = WeKall to boost secure, branded business calls in LatAm, tackling fraud and= improving contact effectiveness. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD OLA GG launches [ https://substack.com/redirect/a2= f314e2-fd36-4bbc-b28a-87ac44eec6f8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] OLA TCG, the first collectible card game wher= e the community is the IP, offering free digital packs and $1K in USDC rewa= rds. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=A4=9D=F0=9F=87=AA=F0=9F=87=B8 Pluxee partner= s [ https://substack.com/redirect/281bf017-22cd-43e7-af44-e9e9b7ed9d8f?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Cobe= e to offer an expanded, tech-driven employee benefits platform covering 85%= of top-valued perks in Mexico. =F0=9F=87=A8=F0=9F=87=B3=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD DiDi Loans top= s [ https://substack.com/redirect/6e6a7d00-d3b3-43ed-8bc8-7b606b67fec3?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 20M loans= in Mexico, lifting max credit to $2.73K and adding Premium perks. =F0=9F=87=B5=F0=9F=87=AA=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD Do Payment ent= ers [ https://substack.com/redirect/a9cc5051-cf0f-42a4-8ee4-e68d3ff3bcb4?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Mexico= aiming to process $15M in transactions in 2025 with its Do Pay platform. =F0=9F=87=B5=F0=9F=87=AA Peru =F0=9F=87=B5=F0=9F=87=AA Monnet Payments teams up [ https://substack.com/re= direct/f7baa692-0803-46af-ad40-22f4f28de8e4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Yape to launch instant online p= ayments, aiming to boost e-commerce conversion and drive financial inclusio= n in Peru. =F0=9F=87=B5=F0=9F=87=AA iO becomes [ https://substack.com/redirect/69e1297= 8-2a03-4134-b18b-74cdc5e996f6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] first Peru-developed card with PCI DSS certificati= on, setting a new national benchmark in payment data security. =F0=9F=87=B5=F0=9F=87=AA Kushki posts [ https://substack.com/redirect/1009c= c51-7a7a-4c37-bdc7-2c92a8692546?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] 396% net revenue growth in H1 2025 in Peru, driv= en by Card PayOuts for instant, secure payments. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=87=B5=F0=9F=87=AA Mercado Libre to open [ ht= tps://substack.com/redirect/915590b8-0ac2-48fb-bb33-30488ecefefe?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 3,000 m=C2=B2 P= eru hub in Sept, enabling same-day Lima and faster nationwide delivery. =F0=9F=87=A8=F0=9F=87=B1=F0=9F=87=B5=F0=9F=87=AA Defontana wins [ https://s= ubstack.com/redirect/c6e89f8a-7e65-4dc0-8bd9-59d926f4c1de?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Empresa Peruana del A= =C3=B1o in Software Services for the 2nd year, highlighting its 14-year imp= act in Peru=E2=80=99s cloud ERP market. =F0=9F=87=BA=F0=9F=87=BE Uruguay =F0=9F=87=BA=F0=9F=87=BE Uruguay cements [ https://substack.com/redirect/58= 5d72c4-19d2-48c1-96ca-d9a87044e57c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] LatAm tech hub status as Uruguay XXI showcase= s at global events to draw startups and capital. =F0=9F=8C=8E Other LatAm News =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD Depay partners= [ https://substack.com/redirect/32cee35c-2b09-4af0-ba7d-c038d9ca092f?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Airtm= to let USD wallet users pay via QR in Argentina & Brazil, with plans to ex= pand across LatAm. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=87=A8=F0=9F=87=B4 Bybit invests [ https://su= bstack.com/redirect/09842d15-28fa-4899-8c39-0578835f137c?j=3DeyJ1IjoiM2dmeX= ZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1M in EthicHub, shifti= ng 100 tons of LATAM coffee from smallholder farmers to higher-value Europe= an markets. Big company & policy news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Mercado Libre posts [ https://substack.com/redirec= t/35700e6a-78d6-4a95-835c-6ee624295093?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] record Q2 revenue of $6.8B (+34% YoY), fu= eled by higher sales volumes in Brazil and Mexico and fintech growth. =F0=9F=87=A6=F0=9F=87=B7 Mercado Libre and INPI partner [ https://substack.= com/redirect/45aaef5b-16bb-42ec-9d3d-a727fcecc5d5?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to promote industrial property= awareness in Argentina, offering training for entrepreneurs and boosting I= P protection. =F0=9F=87=A7=F0=9F=87=B7 QuintoAndar launches [ https://substack.com/redire= ct/a960c2eb-8749-4b36-a521-50ed3b9bf5e1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a real estate cons=C3=B3rcio product wit= h Bamaq Cons=C3=B3rcios, aiming for $92M in contracts by year-end amid surg= ing demand from high interest. =F0=9F=87=A7=F0=9F=87=B7 BC and Febraban back [ https://substack.com/redire= ct/81add552-a0bb-49e7-98fd-de3feda68dd4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] balanced, sector-specific AI rules in Br= azil=E2=80=99s PL 2.338/23, stressing innovation, legal certainty, and avoi= ding one-size-fits-all regulation. =F0=9F=87=A8=F0=9F=87=B1 Chile extends [ https://substack.com/redirect/903e= 6f03-84c8-4d04-9d61-93c356bbf177?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] R&D Law to 2035, sustaining tax incentives that= have funded 731 companies with over $980M in innovation projects. =F0=9F=87=B2=F0=9F=87=BD Plan M=C3=A9xico boosts [ https://substack.com/red= irect/9916d85e-49bb-4744-81eb-60e0220966a4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] industry with Sempra ($3.55B) in LNG = & wind projects and Mercado Libre ($3.4B) in logistics & fintech, totaling = nearly $7B in investments. =F0=9F=87=B2=F0=9F=87=BD Amazon launches [ https://substack.com/redirect/37= 1fced8-98b9-424b-a0db-4821cc7d9e05?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Bazaar, a low-cost store in its app, targetin= g shoppers of Temu, Shein and AliExpress with free shipping and multi-item = discounts. =F0=9F=87=B2=F0=9F=87=BD Mexico grants [ https://substack.com/redirect/c31a= 8963-cdfc-490c-848e-2968f1c33032?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] gig workers from Uber, Didi, and Rappi universa= l rights, including social security, schedule freedom, and ban on unfair ap= p fees under new labor reform. Interesting reads =F0=9F=92=A1 =F0=9F=8C=8E=F0=9F=87=A7=F0=9F=87=B7 LatAm fintech funding fell [ https://s= ubstack.com/redirect/17b0f29a-ea8a-4d99-a6ba-c4655281f3f0?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 60% in H1 2025 to $735= M, with Brazil holding 56% of startups and 60% of investments. Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFM01EWXdOVGcyT0N3aWFXRjBJam94TnpVM= E9URXdORGd5TENKbGVIQWlPakUzT0RZME5EWTBPRElzSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC4zSWxLOFc5RkQwWHNTU1hxbmJpaXBwUVN= OaVBKNnJfSjF5VmkyNm1RaGx3IiwicCI6MTcwNjA1ODY4LCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzU0OTEwNDgyLCJleHAiOjIwNzA0ODY0ODIsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.ka96zbavcJdaXN2ZKY0fYEppawhZrJOzWQxJjqA= Hujo? --8f807faf3b98abedb9ea893a0281633c9aa2cb72e725cfd3168a02a26c7d Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #46: Ston= e raises $50M. Cocos buys Banco Voii for $20M. Carabela launches $20M deep-= tech fund.3D""
͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­͏   Q= 99; ­͏     ­͏     ­͏ &n= bsp;   ­͏     ­͏     ­= ͏     ­͏     ­͏   ̳= 9; ­͏     ­͏     ­͏ &nb= sp;   ­͏     ­͏     ­&= #847;     ­͏     ­͏    = ; ­͏     ­͏     ­͏ &nbs= p;   ­͏     ­͏     ­&#= 847;     ­͏     ­͏    = ­͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­͏   Q= 99; ­͏     ­͏     ­͏ &n= bsp;   ­͏     ­͏     ­= ͏     ­͏     ­͏   ̳= 9; ­͏     ­͏     ­͏ &nb= sp;   ­͏     ­͏     ­&= #847;     ­͏     ­͏    = ; ­͏     ­͏     ­͏ &nbs= p;   ­͏     ­͏     ­&#= 847;     ­͏     ­͏    = ­͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­
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Dealflow LatAm #46: Stone raises $50M. Cocos buys Banco = Voii for $20M. Carabela launches $20M deep-tech fund.

Welcome to the 46th edition= of the Dealflow LatAm newsletter: a weekly summary of everything that happ= ened in the LatAm startup and investment ecosystem.

Aug 11
 
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Hey, it’s Yoel 👋 Back = again with the 46th edition of Dealflow LatAm= —your go-to source for all the deals, moves, and momentum in the regi= on’s startup scene.

LatAm kept the momentum this week with a full slate of funding, M&A, and new VC funds. Brazil led with Stone’s $5= 0M raise to boost Amazon-region SMBs, Argentina’s Cocos secured a banking license via a $20M deal, and Mexico̵= 7;s Carabela launched a $20M d= eep-tech fund. Fintech stayed in the spotlight after last mo= nth’s strong run, while acquisitions reshaped banking, e-commerce, an= d tech. From early-stage bets to cross-border plays, the region’s dea= lflow shows no signs of cooling.

Plenty to b= reak down—so let’s get into it 🚀<= /p>

3D""Subscribed

Start= up funding news 💸

Rounds of $10M+= :

  • 🇧🇷 Stone= secures $50M from BID Invest= to expand credit for small businesses in Brazil’s Amazon regio= n, with a focus on female-led enterprises.

  • 🇲🇽 Mo= nato raises $13M in a seed round led by MONASHEES and FinTech Collective to develop new API-first financial services.

Rounds $1M to $10M:

  • = 27463;🇷 IORQ raises $6.44M to = expand its credit-as-a-service platform, backed by Monashees= , Upload Ventures, ONE.VC, and Norte.<= /p>

  • 🇧&#= 127479; Frente raises $5.5M Series A l= ed by Magma Partners to scale = Comm.Pix cross-border Pix service and expand globally.

  • 🇨= 🇴 Creditop raises $3.7M to exp= and its point-of-sale credit platform across LatAm. The angel round was led= by Collide Capital, with participation from = Clocktower, Alaya Capital, Amador Holdings, N= ewtopia, and Driven VC.=

  • 🇧&= #127479; BlindPay raises $3.3M to expa= nd its global stablecoin payments API, backed by Jawed Karim= , Bitso, 468 Ca= pital, and others.

  • 🇧🇷 Liquid raises $2.2M in a seed round led by SaaSho= lic to expand its AI-powered real estate credit analysis pla= tform.

  • 🇧🇷 Radix Florestal = raises= $1.84M from Ecosia to expand Amazon re= forestation projects, aiming to restore 2,000 hectares by 2030 and support = local comms.

  • 🇧🇷 Pigz raises $1.4M to expand nationwide, investing in senior hires, new products, and= marketing. This first round represents 10% of the company’s equity.<= /span>

Other rounds of funding:

  • 🇧🇷 FanBase raises $920K to grow its sports fan platform, backed by Domo.VC, OutField,= and Harvard Angels.

  • 🇨🇱 Reite, Chilean smart vending startup, raised = $700K from Discovery-A to expand its AI-powered autonomous mini-store netwo= rk.

  • = 🇧🇷 Leggal raises $312= K in a pre-seed round led by DOMO.VC, with Anjos do Brasil and angel investors, to expand = its legal-care-as-a-benefit platform.

  • 🇧🇷 Gaio secures angel funding to scale its AI follower-to-custo= mer platform, reaching a $1.7M valuation with backing from L= ink Ventures and others.

  • 🇬🇹 Saf.money secures undisclosed pre-seed funding fr= om Fulgur Ventures, Plan B, Initial Capital, and 1A1z to expand in LatAm and enhance its U.S. stablecoin = payment infrastructure.

    3D""<= /td>
    Latam Fintech Hub

M&A transactions 🎊

🇦Ӻ= 79; Cocos acquires Banc= o Voii for $20M, securing a banking license to expand its fi= nancial services and enter the traditional banking system.

🇧🇷 Olist = acquires fintech Flip to integrate payment an= d credit solutions into its digital commerce ecosystem, backed by a $16.56M= credit fund.

🇧🇷 BRQ Digital Solutions acquires weme<= /strong> to strengthen presence in the U.S. and LatAm, combining soft= ware engineering, design, and product development expertise.

🇧🇷 XP <= a href=3D"https://substack.com/redirect/c361f878-5056-4baa-abde-4850e3127b8= 7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">acquires a significant minority stake in Inove Investimentos= ($1.29B AUC) to accelerate its expansion through organic gr= owth and acquisitions.

🇨🇱 Patagonia Startups acquires Austral Angels from Dadneo to= boost early-stage funding in southern Chile, with plans to launch a region= al venture capital fund.

🇲🇽 Finsus acquires Anticipa<= /strong>’s tech to offer instant digital liquidity to Mexican S= MEs via card-sales advances, expanding its fintech ecosystem.

🇺🇾 Geocom, Ur= uguay’s iconic tech firm, sold to Vesta Softwar= e (Constellation Software unit) in a multimillion deal, aimi= ng to double business in 2 years.

Investor & accel= erator news 🚀

🇧🇷 Kortex Ventures & IKJ Capital to manage $36M BNDES/Finep healthtech fund backing 20 innova= tive companies in Brazil’s healthcare sector.

= 🇧🇷 BR Angels to invest= up to $828K in healthtech startups from a $3.68M fund, targeting 3 c= ompanies over the next 12–18 months.

= 27464;🇱 CORFO launches pilot <= /span>Venture Capital Fund for Magallanes, aiming to= boost entrepreneurship, innovation, and economic diversification.

🇨🇴 Inverlink and Liquitech launch secured e-in= voice investment vehicle targeting 12–14.5% annual net returns, backed by AA- reinsurance.

= 🇲🇽 Carabela launches $20M 2nd fund to back ~25 LatAm pre-seed deep-tech startups in AI, blo= ckchain, IoT, semiconductors, and more.

Ӻ= 82;🇾 Cubo Itaú Uruguay grows<= span> portfolio 70% in 2025, from 29 to 49 startups, securin= g 200+ corporate connections.

Opportunities & Deadlines 👀

  • = 🇧🇷 BRF opens applicati= ons until Aug 15 for its startup program focu= sed on agro, grains, industry, and future of food solutions.

  • 🇦🇷= eAwards Argentina 2025 offers $10K fo= r startups with social impact; winner competes for $100K at Global eAwards = in Lima. Deadline: August 18.

    • =

  • 🇦🇷&= #127464;🇱 Mercado Libre Experience retur= ns to Santiago on August 27 to conn= ect 5,000+ attendees with top eCommerce leaders.

  • 🇪🇺🤝&= #127758; EU-LAC Digital Accelerator offers= €10.5K grants for LatAm & EU startups to develop tech solu= tions; apply by Aug 31.

  • 🇨🇱 Banco de Chile launches 10th = Desafío Emprendedor with $162K in prizes for startups a= nd SMEs; applications close Sept 14.

Startup news=20= 💡

🇦&= #127479; Argentina

  • 🇦🇷 EDESUR adopts Háblalo= in all branches, becoming Argentina’s first power distributor = to use the communication-assistance app for greater accessibility.

  • 🇦= 27479; IpesaSilo & Wiagro<= /strong> launch SmartSilobag, th= e first grain bag with built-in nano-sensors for real-time monitoring of CO= ₂, temperature, and humidity.

  • 🇸🇬🤝🇦㇋= 9; Bitget teams up with Clans Arena to let gamers monetize esports through a Web3 t= oken economy.

🇧🇷 Brazil<= /h4>

  • 🇧🇷 MakeOne= launches HexaDigital to offer c= orporate connectivity and cybersecurity solutions, aiming for $92M revenue = in three years.

  • 🇧🇷 iFood <= a href=3D"https://substack.com/redirect/fd30f845-95c8-4f17-ac65-1a6eaa59cac= 6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">to invest<= /a> $3.1B in Brazil by March 2026, boosting AI, credit for partners, = and hiring 1,100 staff, mostly in tech.

  • 🇧🇷 PicPa= y inks exclusive deal with NASCAR to stream all races in Brazil via PicTV until 2027, offering fre= e Portuguese commentary.

  • 🇧🇷 PagSeguro Q4 2024 net income jumped 28% YoY= to $423M, with TPV +28.4% and banking revenu= e +58%, beating forecasts.

  • 🇧🇷 Nuvini launches NuviniAI Lab to accelerat= e AI adoption across portfolio firms, with full rollout planned for Q1 2026= =2E

  • &#= 127463;🇷 Méliuz files f= or Level I ADR program in the US via <= strong>JPMorgan, aiming to expand investor base and global p= resence.

  • <= span>🇧🇷 Adsmovil OOH <= a href=3D"https://substack.com/redirect/90c65120-f437-4e72-9f95-d231df1b8bf= e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">integrates= directly with Invian to boost prog= rammatic DOOH in LatAm, delivering real-time data and greater transparency = for advertisers.

  • 🇺🇸🤝🇧🇷 P= lume & Mercado Bitcoin to tok= enize $500M in RWAs, after hitting = $40M in just 4 months to boost blockchain-based capital markets in LatAm.

🇨🇱 Chile

  • 🇨🇱 Fraccional.cl expand= s to Spain in 2025, targeting coliving, flipping, and new develop= ments in Madrid and Valencia to grow its real estate investment platform.

  • = 464;🇱 SumUp launches Smart POS in Chile, all-in-one Android terminal with A= I catalog, for ~$72 USD.

  • 🇦🇷🤝🇨🇱 <= strong>Alprestamo invests $1.3M to expand its 100% di= gital financial marketplace in Chile, aiming for 2.5M users in two years.

🇨🇴 Colombia

  • 🇨🇴 Druo processes<= /a> $95M in H1 (+180% YoY), surpasses C= OP 1T total and hits profitability while expanding in LatAm, US, and soon E= U.

  • &= #127464;🇴 Rappi readies NYSE IPO and eyes 2–3 new LatAm markets in 20= 26, backed by five quarters of profits and rapid Turbo growth.

  • 🇨🇴 Grupo Cibest= tu= rns 150, rebrands under Juan Carlos Mora<= span> to boost innovation and expand in Central America.

    • 🇨🇴 Approbe wins trademark battle vs. = Apple, securing Appropay= brand after Colombian regulator rules no risk of confusion with= Apple Pay.

  • partners with Thredd to= offer faster, more flexible global payroll with smart wallets and instant = multi-currency payments.

  • 🇲🇽🤝🇨🇴 <= strong>BBVA Spark expands Tuhabi’s credit line from $20M to $60M to boost its digital real estate platform = and regional growth.

  • 🇸🇪🤝🇨🇴 Truecaller partners with WeKall to boost secure, branded business calls in LatAm, tackling frau= d and improving contact effectiveness.

&= #127474;🇽 Mexico

  • 🇲🇽 OLA GG launches OLA TCG, the first collectible card game where the community is the IP, o= ffering free digital packs and $1K in USDC rewards.

  • 🇲🇽🤝= 🇪🇸 Pluxee partners wi= th Cobee to offer an expanded, tech-driven em= ployee benefits platform covering 85% of top-valued perks in Mexico.=

  • 🇨&= #127475;🤝🇲🇽 DiDi Loans t= ops 20M loans in Mexico, lifting max credit to $2.73K and adding = Premium perks.

  • 🇵🇪🤝🇲🇽 Do = Payment enters Mexico aiming to process $15M in transactions in 2025 with its Do Pa= y platform.

🇵 = 7466; Peru

  • 🇵🇪 Monne= t Payments teams up with Yape= to launch instant online payments, aiming to boost e-commerce conver= sion and drive financial inclusion in Peru.

  • 🇵🇪 i= O becomes first Peru-developed card with PCI DSS certification, setting a new national benchmark i= n payment data security.

  • 🇵🇪 Kushki p= osts 396% net revenue growth in H1 = 2025 in Peru, driven by Card PayOuts for inst= ant, secure payments.

  • 🇦🇷🇵🇪 Merca= do Libre to open 3,000 m² Peru hub in Sept, enab= ling same-day Lima and faster nationwide delivery.

  • 🇨🇱🇵&= #127466; Defontana wins Empresa Peruana del Año in Software Services = for the 2nd year, highlighting its 14-year impact in Peru’s cloud ERP= market.

🇺🇾 Uruguay

=

  • 🇺🇾 Uruguay = cements LatAm tech hub status as Uruguay XXI showcases at global events to draw startups and capital.

&#= 127758; Other LatAm New= s

  • 🇦🇷🤝🇲= 485; Depay partners with Airtm to let USD wallet users pay via QR in Argentina &= ; Brazil, with plans to expand across LatAm.

  • 🇲🇽🇨㇋= 6; Bybit invests $1M in EthicHub, shifting 100 tons of LATAM coffee from smallholde= r farmers to higher-value European markets.

🇦&= #127479; Mercado Libre posts record Q2= revenue of $6.8B (+34% YoY), fueled by highe= r sales volumes in Brazil and Mexico and fintech growth.

🇦🇷 Mercado Libre a= nd INPI partner to promote industrial = property awareness in Argentina, offering training for entrepreneurs and bo= osting IP protection.

🇧🇷 QuintoAndar launches a real estate cons= 3;rcio product with Bamaq Consórcios, ai= ming for $92M in contracts by year-end amid surging demand from high intere= st.

🇧🇷 BC and Febraban back balanced, = sector-specific AI rules in Brazil’s PL 2.338/23, stressing innovation, legal certainty, and avoiding one-size-fit= s-all regulation.

🇨🇱 Chile extends R&D Law to 2035, sustaining tax incentives that have funded 731 companies = with over $980M in innovation projects.

Ӻ= 74;🇽 Plan México boosts = industry with Sempra ($3.55B) in LNG & wi= nd projects and Mercado Libre ($3.4B) in logi= stics & fintech, totaling nearly $7B in investments.

🇲🇽 Amazon <= a href=3D"https://substack.com/redirect/371fced8-98b9-424b-a0db-4821cc7d9e0= 5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">launches Bazaar, a low-cost store in its app,= targeting shoppers of Temu, S= hein and AliExpress with free = shipping and multi-item discounts.

🇲&#= 127485; Mexico grants gig workers from= Uber, Didi, an= d Rappi universal rights, including social se= curity, schedule freedom, and ban on unfair app fees under new labor reform= =2E

Interesting r= eads 💡

&= #127758;🇧🇷 LatAm fintech funding fell 60% in H1 2025 to $735M, with= Brazil holding 56% of startups and 60% of investments.

Thanks for reading Dealflow LatAm! Subscribe for fr= ee to receive new posts and support my work.

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