Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="c59225884c327eb3e5d847dee4761a8d3d83656ad41051f612a373ef7d1f" Subject: Dealflow LatAm #58: MiSalud Health raises $18M. Monnet acquires ETPay. Brazil VC jumps 23% in Q3. From: Yoel Rodriguez of Dealflow LatAm To: Hidden Recipient Date: Mon, 10 Nov 2025 12:02:52 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: Bd3OdMuowEB9cahb8idla8ik_CoHcWx3bFZrcCS-p54fMQ9doWrVza7caHM-qq1hwTAZ2gE1e5WZfAqjC4xiUg== --c59225884c327eb3e5d847dee4761a8d3d83656ad41051f612a373ef7d1f 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-58-misalud-health Hey, it=E2=80=99s Yoel [ https://substack.com/redirect/7e49c7a9-2566-4207-b= a43-c87685cfd7f4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U ] =F0=9F=91=8B Back again with the 58th edition of Dealflow LatAm= : your go-to source for all the deals, moves, and momentum in the region=E2= =80=99s startup scene. Plenty to break down=E2=80=94so let=E2=80=99s get into it =F0=9F=9A=80 This week=E2=80=99s newsletter is sponsored by Cubbo [ https://substack.com= /redirect/582919da-e993-49f1-b063-2afec9d28c2d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ]: Cubbo operates fulfillment centers across Mexico and Brazil, managing stora= ge, inventory, and distribution for leading retailers and fintech companies= like Natura, Pepsico, Plata Card, L'oreal or Reckitt. We process over 500,000 orders and 5 million items monthly with proprietary= technology that ensures speed, reliability, and cost control. The company = generates over $35M in annual revenue with profitable operations and expand= ing EBITDA margins. Increase your sales by delivering orders with the same experience as Amazon= and Mercado Libre =F0=9F=91=89=F0=9F=8F=BC If you=E2=80=99re interested in sponsorship opport= unities, please reach out to yoel@dealflow.es Startup funding news=C2=A0=F0=9F=92=B8 Rounds of $10M+: =F0=9F=87=B2=F0=9F=87=BD MiSalud Health raises [ https://substack.com/redir= ect/94517eb9-21bb-4ea4-80e8-610e5093d218?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $18.3M led by IGNIA to expand bilingual= healthcare across North America. =F0=9F=87=A7=F0=9F=87=B7 Ambev invests [ https://substack.com/redirect/833b= 1c89-b0f2-4600-a66f-7bc3583d6099?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $12.6M in the second Brasilidades program to bo= ost Brazil=E2=80=99s creative economy, focusing on culture and sports proje= cts nationwide. =F0=9F=87=A6=F0=9F=87=B7 The Mobile-First Company raises [ https://substack= =2Ecom/redirect/d99546d0-f367-4797-9f5= 8-3c3489004f35?j=3DeyJ1IjoiM2dmeXZtIn0.= xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $12M to expand AI tools for s= mall businesses. The round was led by Base10 Partners and Lightspeed. =F0=9F=87=A8=F0=9F=87=B4 LQN raises [ https://substack.com/redirect/9134020= 7-0cd6-48a6-a8fd-5ec91d16557d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] $12M to launch home equity-backed loans in Colombi= a, aiming to unlock trapped capital and expand its mortgage tech platform. Rounds $1M to $10M: =F0=9F=87=B2=F0=9F=87=BD Solfium raises [ https://substack.com/redirect/367= 353de-9d84-407b-a0eb-cc05bead456d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $10M Series A to scale its solar platform. The= round was led by Accion and ALIVE Ventures, with Kamay Ventures joining. =F0=9F=87=A6=F0=9F=87=B7 Patagon AI raises [ https://substack.com/redirect/= 0f20ba65-ba43-4452-9e12-e2d1e40aa13d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] $2.7M to expand its AI-powered marketing pl= atform. The round was led by Kfund, with 17Sigma and Onevc joining. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 Rastro Neural raises [ https://substack.com/redire= ct/a692c218-2336-479b-8a8e-7d9a23401bc1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $470K to develop its AI-era SEO platform= that helps brands appear in generative AI responses. Investors were not di= sclosed. =F0=9F=87=A7=F0=9F=87=B7 Conexa invests [ https://substack.com/redirect/bef= 6d8a4-4cb1-4f46-9937-2a262d3c44d1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $375K in Hospital Conexa, a digital platform f= or corporate health management focused on reducing costs and improving coor= dinated care. =F0=9F=87=BA=F0=9F=87=BE Gopersonal raises [ https://substack.com/redirect/= 095903c0-1cbe-4b53-b9a8-537fe7b04e1b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] $300K to scale its AI-powered ecommerce pla= tform. The seed round was led by 500 Global. =F0=9F=87=A7=F0=9F=87=B7 Monique Evelle invests [ https://substack.com/redi= rect/8757f934-a34e-4bd4-9c80-42718b9c873e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $225K in startups focused on health, w= ellness, and social impact, including Afrosa=C3=BAde, Hotina App, and Germa= nos. =F0=9F=87=A7=F0=9F=87=B7 Mastery B2B Tech raises [ https://substack.com/red= irect/9273d428-4b1f-4e39-89c2-a5722e19c38a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $66K to expand its AI platform for au= tomating tax processes in B2B commerce. The round was led by Bossa Invest. M&A transactions =F0=9F=8E=8A =F0=9F=87=A7=F0=9F=87=B7 QuintoAndar exits [ https://substack.com/redirect/= 5fbd62cf-b4d0-4b61-bcdf-c37f1cf09344?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] condo tech, returning SindicoNet and Noknox= to founders to refocus on core real estate services. =F0=9F=87=A7=F0=9F=87=B7 nstech surpasses [ https://substack.com/redirect/d= 2fbacdf-9e8f-4484-a91b-48ac187e6cf3?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] $18.7M in monthly revenue and acquires Runte= c, marking its 37th deal to strengthen its integrated logistics network, TN= S. =F0=9F=87=A7=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=AC=F0=9F=87=A7 Indicium merge= s [ https://substack.com/redirect/42ad2b7e-3142-4367-a543-0796e2f4806c?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with UK= =E2=80=99s Mesh-AI to form Indicium AI, expanding to Europe with 600+ profe= ssionals focused on AI and data solutions. =F0=9F=87=B5=F0=9F=87=AA=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B1 Monnet Payment= s acquires [ https://substack.com/redirect/3309fe21-2184-48f0-a930-d83e1950= 622b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] = ETPay to expand in Chile and process $5B in transactions by year-end. =F0=9F=87=AE=F0=9F=87=B1=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD Nayax to acqui= re [ https://substack.com/redirect/1ebcf96f-008c-47b2-af77-f3245aad6052?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Integr= al Vending as part of LatAm expansion, turning a 10-year partnership into a= strategic regional platform. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A7=F0=9F=87=B7 Venture capital grew [ https://substack.com/redire= ct/b8baa84e-bcfd-4b9e-a32d-c41fa7ca5a2b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 23% in Q3 2025 with $393M across 27 deal= s, the year=E2=80=99s strongest quarter. Top sectors were IT, financial ser= vices, and consumer goods. =F0=9F=87=A7=F0=9F=87=B7 Valutia closes [ https://substack.com/redirect/318= 1d208-f869-4347-bdb4-2100029ca1f9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $10.6M fund to back global-minded Brazilian st= artups with checks from $300K to $1M. Portfolio includes Moises and Wehandl= e. =F0=9F=87=A7=F0=9F=87=B7 DOMO.VC avoids [ https://substack.com/redirect/0c1= 576fa-dd45-452d-ab01-2540e7cc09ff?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] solo founders, favoring teams with business an= d tech strength. Panel at fisweek25 included Maya Capital and ABSS. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=A8=F0=9F=87=B1 inDrive launches [ https://substack.com/redirect/7= 4fc3cd5-f54d-43d4-b2e9-247544de0284?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] 2026 Aurora Tech Award in Chile to empower w= omen-led tech startups with up to $50K in prizes; apply by Nov 12. =F0=9F=87=A6=F0=9F=87=B7 Gavin Wood returns [ https://substack.com/redirect= /08fde656-29c7-4272-b865-24f8a63d2797?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] as Parity CEO and will open Polkadot=E2=80= =99s sub0 Symbiosis in Buenos Aires on Nov 14, spotlighting the next Web3 p= hase. =F0=9F=87=B5=F0=9F=87=AA CAPECE launches [ https://substack.com/redirect/0d= 878ead-0008-4b17-9521-a572c555e618?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Latam Epayment Summit 2025 (Lima + online) wi= th 70+ speakers to decode the future of payments; Nov 24=E2=80=9126. =F0=9F=87=A7=F0=9F=87=B7 Hauseful will host [ https://substack.com/redirect= /2c7f061d-6914-40de-bd29-12bad381a622?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] a real estate tech summit on Nov 27 at Cub= o Ita=C3=BA, spotlighting field ops, inspections, and innovation in Brazil= =E2=80=99s housing sector. =F0=9F=87=A8=F0=9F=87=B1 Logtech Day 2025 returns [ https://substack.com/re= direct/fbb370f6-7f1e-40f9-80b5-8829156d4f19?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] on Dec 4 in Santiago, hosted by KLog= =2Eco, uniting LatAm logistics leaders=20= to reshape global trade through tech &= collaboration. =F0=9F=87=A7=F0=9F=87=B7 GITEX LATAM debuts [ https://substack.com/redirect= /48eeff0e-0f1e-4186-a376-c73b6a244d2c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] in SP on Mar=E2=80=AF16=E2=80=AF2027, brin= ging the world=E2=80=99s largest tech and innovation event to boost digital= transformation and global partnerships. =F0=9F=87=B2=F0=9F=87=BD Bitso Business confirms [ https://substack.com/red= irect/12c927d3-a968-4896-87c5-2edad62a41fc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] the Stablecoin Conference LatAm 2026,= gathering global leaders on stablecoin innovation in Mexico City; =F0=9F= =93=85 June=E2=80=AF15=E2=80=9316. Startup news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Argentina =F0=9F=87=A6=F0=9F=87=B7 Ethix was recognized [ https://substack.com/redire= ct/338a6aca-aacf-4f7a-8207-92c038c8b957?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] as one of Argentina=E2=80=99s top 20 mos= t innovative companies after only 9=E2=80=AFmonths in operation, thanks to = its AI=E2=80=91powered procurement platform. =F0=9F=87=A6=F0=9F=87=B7 TLON Space to launch [ https://substack.com/redire= ct/0e67fc43-6100-4593-b401-a2fd42467569?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] first orbital flight with nanosatellites= from Lober=C3=ADa, marking a milestone in LatAm space access. =F0=9F=87=A6=F0=9F=87=B7 Kripton launches [ https://substack.com/redirect/c= 37afde8-7d52-49cf-8e7c-244d7bf84526?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] multi-currency crypto payments with Tether a= nd TRON, live in merchants across Argentina. =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 Lastro launches [ https://substack.com/redirect/82= 8727bf-0cd7-4f00-a568-c516b29ed700?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CCasa da Lais=E2=80=9D app to help re= al estate firms track leads and data in real time using its AI assistant La= is. =F0=9F=87=A7=F0=9F=87=B7 Ame Digital cancels [ https://substack.com/redirec= t/57378368-c47a-43ce-92b9-484c74eb125a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] its Central Bank license after failing to= sell its payment institution or assets; operations were officially discont= inued in October. =F0=9F=87=A7=F0=9F=87=B7 Preservaland to invest [ https://substack.com/redi= rect/9a7e47bf-8fc2-475a-963d-de25228f0ff6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $940K in agroforests and raise $2M to = scale its environmental compensation platform. =F0=9F=87=A7=F0=9F=87=B7 re.green wins [ https://substack.com/redirect/ff65= 38ed-de50-49ae-b442-108179c04751?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] Prince William=E2=80=99s Earthshot Prize with = =C2=A31M grant for its AI-powered forest restoration model, already plantin= g 6M+ trees. =F0=9F=87=A7=F0=9F=87=B7 Nero.AI wins [ https://substack.com/redirect/6bfc9= d35-07c2-49a8-8c73-461ae50e630e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] Google=E2=80=99s global Kubernetes hackathon wit= h AI tech enhancing online shopping experience. Prize: $8K + $1K Google Clo= ud credits. =F0=9F=87=A7=F0=9F=87=B7 Agilize partners [ https://substack.com/redirect/9= 16ad984-bd89-4ab3-9031-716cbb38eab9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] with Wellhub and Starbem to offer wellness b= enefits, gym access and telehealth, to entrepreneurs and their families. =F0=9F=87=A7=F0=9F=87=B7 Provu has received [ https://substack.com/redirect= /740b7492-c87e-48bf-a931-faaa50114802?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] approval from the BC for its sale of the S= ociedade de Cr=C3=A9dito Direto (SCD) to investor Vinicius Garcia and Holdi= tsafe Financeira. =F0=9F=87=A7=F0=9F=87=B7 Stone receives [ https://substack.com/redirect/b65= 668dd-84b7-4986-94a9-24e88add3353?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] approval from Brazil=E2=80=99s Central Bank to= launch its own investment broker (DTVM), expanding its funding strategy an= d financial services. =F0=9F=87=A7=F0=9F=87=B7 iFood Pago launches [ https://substack.com/redirec= t/bf246198-ce51-4fc6-b4a0-f894ace96a42?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] GenAI-powered Financial Manager via Whats= App to support restaurant owners with smart banking, payments & consulting. =F0=9F=87=A7=F0=9F=87=B7 Tractian opens [ https://substack.com/redirect/882= 15c3b-4bed-4906-95e7-880696b43094?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] a 10,000m=C2=B2 AI Center in S=C3=A3o Paulo, i= nvesting $11.3 to boost industrial tech and AI talent after its Series C. =F0=9F=87=A8=F0=9F=87=B1 Chile =F0=9F=87=A8=F0=9F=87=B1 Keir=C3=B3n wins [ https://substack.com/redirect/4= bb99357-0c12-49bc-92a1-42c5d62245a7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] the MedTech Challenge Chile 2025 with its AI= =E2=80=91driven system for surgical workflow automation. =F0=9F=87=A8=F0=9F=87=B1 Easycancha processes [ https://substack.com/redire= ct/738fc89f-42dc-4457-bbb4-b150751b7e74?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $2.5M monthly in sports=E2=80=91venue bo= okings across 11 LatAm countries, serving over 1.6=E2=80=AFmillion athletes= =2E =F0=9F=87=A8=F0=9F=87=B1 Start-Up Chile celebrates [ https://substack.com/r= edirect/e145be30-36a6-4be2-ae48-35ab7e4ef6ff?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 15 years as a nonpartisan state pol= icy, supporting innovation across changing governments, says manager Javier= a Araneda. =F0=9F=87=A8=F0=9F=87=B1 Fintoc gets [ https://substack.com/redirect/7b381c= cd-8bb6-463b-bf45-74b59442cce7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] approval to issue prepaid cards and cut intermedi= aries, aiming for faster, lower=E2=80=91cost payment solutions. =F0=9F=87=BA=F0=9F=87=B8 Front expands [ https://substack.com/redirect/e318= 2b15-4fb5-4f03-b527-e59d163c59cb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] to Chile, hiring 100+ to support global teams i= n engineering, design, finance, and HR. =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=87=A8=F0=9F=87=B4 Credibanco launches [ https://substack.com/redirec= t/4fc18873-f996-44a4-b0cd-12b240719173?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CChebre=E2=80=9D, a digital payme= nts platform aimed at small businesses, offering next-day deposits, 2.5% fe= es, and no long-term contracts. =F0=9F=87=A8=F0=9F=87=B4 Nequi hits [ https://substack.com/redirect/1221e4b= f-23ad-477e-95b2-5293871d21e4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] breakeven and gets green light from SFC to operate= as a financing company, moving closer to independence from Bancolombia. =F0=9F=87=A8=F0=9F=87=B4 Bold and Iris partner [ https://substack.com/redir= ect/00ab88c6-0aa2-4d25-9ffb-e5f9d0707631?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to connect POS terminals with business = accounts, aiming to process over $24.2M in payments in 2026. =F0=9F=87=A8=F0=9F=87=B4 MinHacienda scraps [ https://substack.com/redirect= /2762e63e-ce00-4c81-8ea3-760c386d2829?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] 1.5% tax on Bre-b and digital payments; al= l methods, including cards, now face 0% withholding. =F0=9F=87=A8=F0=9F=87=B1 ZeroQ expands [ https://substack.com/redirect/5d6d= 6568-7067-4118-ae89-93786e6329b9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] in Colombia to digitize health, education, bank= ing & public services with AI. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD Ramona IA, built [ https://substack.com/redirect/b= dac8e9a-25a1-4ecb-87fd-1b8212da85e1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] by a Mexican founder, uses AI to detect job = scams and protect young people from fraudulent offers. =F0=9F=87=B2=F0=9F=87=BD Covalto evolves [ https://substack.com/redirect/11= f6a468-424e-412a-b79e-e32fd1c72ff6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] from fintech to digital bank to better serve = Mexican SMEs with broader, tech-driven financial services. =F0=9F=87=B2=F0=9F=87=BD Xal=E2=80=AFDigital accelerates [ https://substack= =2Ecom/redirect/bc73847f-05fc-43aa-8c5= d-c149ea9057d2?j=3DeyJ1IjoiM2dmeXZtIn0.= xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Mexico=E2=80=AF& and LatAm= with AWS=E2=80=91based AI, IoT=E2=80=AF&=E2=80=AFcloud solutions, targetin= g $21=E2=80=AFM in revenue in 2025. =F0=9F=87=B2=F0=9F=87=BD Finsus and OXXO join [ https://substack.com/redire= ct/d39527a5-aefb-4c58-919c-b5056e2e48e6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] forces to offer Mastercard debit withdra= wals up to $163 at 24,000+ stores across Mexico. =F0=9F=87=B2=F0=9F=87=BD Stori launches [ https://substack.com/redirect/526= 24855-154d-4ea4-828e-c7ba8945c9f0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] a debit card with a $3 USD minimum, aiming to = boost savings and reduce cash use in Mexico. =F0=9F=87=B5=F0=9F=87=AA Peru =F0=9F=87=B5=F0=9F=87=AA EVoting boosts [ https://substack.com/redirect/146= 333db-0774-4c7c-af2e-9e1aca72af59?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] legal=E2=80=91process digitization, showcasing= its remote, secure board=E2=80=91meeting tools at the Cumbre de Gerencias = Legales=E2=80=AF2025. =F0=9F=87=A8=F0=9F=87=B4 TumiPay enters [ https://substack.com/redirect/91e= 36a51-511b-4a98-9b1f-06f515104908?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Peru, bringing integrated digital payment and = collection solutions for businesses, including QR, bank transfers, and real= -time payouts. =F0=9F=87=BA=F0=9F=87=BE Uruguay =F0=9F=87=BA=F0=9F=87=BE PedidosYa faces [ https://substack.com/redirect/b6= 7ab7ed-75e3-446c-a854-f096efdd18f2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] landmark court ruling in Uruguay recognizing = a courier as an employee, ordering payment of benefits and citing =E2=80=9C= algorithmic subordination.=E2=80=9D =F0=9F=8C=8E Other LatAm News =F0=9F=87=BB=F0=9F=87=AA Yango hits [ https://substack.com/redirect/77c4636= f-bee9-4e9e-a7f8-2f67d357e14a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] 100 days in Venezuela; full-time drivers earn $1k= =E2=80=931,4k/month, motorizados $650=E2=80=93800, despite 5 drivers per us= er. =F0=9F=87=BB=F0=9F=87=AA Kontigo adds [ https://substack.com/redirect/decd3= 05d-66bb-4b3f-81aa-2b2b32581860?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] USDC conversion at Banco Nacional de Cr=C3=A9dit= o, joining other Venezuelan banks offering stablecoin services. Big company & policy news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Argentina=E2=80=99s crypto sector calls [ https://= substack.com/redirect/25fd3bad-fe78-4a46-baf2-f47572a859ad?j=3DeyJ1IjoiM2dm= eXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] for clear, use-based = regulation, warning that overregulation could drive exchanges abroad and hi= nder innovation. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=87=A8=F0=9F=87=B1 Mercado Pago leads [ https= ://substack.com/redirect/1cb19ef2-f340-4437-87de-e2b2670bea36?j=3DeyJ1IjoiM= 2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Chile=E2=80=99s no= n=E2=80=91bank prepaid card market with 9.7=E2=80=AFM cards (68=E2=80=AF% s= hare) and is now chasing the debit card space, only behind CuentaRUT. =F0=9F=87=A7=F0=9F=87=B7 Lei 15.252 takes [ https://substack.com/redirect/9= 2726281-3847-4c5d-9d54-b6186f0d344a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] effect, ensuring salary portability, cheaper= credit, and clearer rate info; BC and CMN must regulate in 180 days. =F0=9F=87=A7=F0=9F=87=B7 Nubank hits [ https://substack.com/redirect/ec88fa= a3-b468-426f-9e30-4e2b96434ff0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] 122M users and $637M profit, leads Brazil=E2=80= =99s fintech market with NuCripto and a new credit partnership with Amazon. =F0=9F=87=A7=F0=9F=87=B7 Brazil=E2=80=99s Central Bank moves [ https://subs= tack.com/redirect/e90f3cf6-94cf-40a4-95d3-0baf1ccc0df7?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to regulate BaaS, seeking= transparency and security; fintechs face compliance hurdles but eye growth= in niche markets. =F0=9F=87=A7=F0=9F=87=B7 Brazil=E2=80=99s Central Bank halts [ https://subs= tack.com/redirect/54ffef7c-b49f-40ef-b924-f01d6cc75d8c?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Drex blockchain project, = citing high costs and security concerns, marking a strategic shift in its d= igital currency rollout. =F0=9F=87=A7=F0=9F=87=B7 Embedded finance in Brazil is set to hit [ https:/= /substack.com/redirect/c0531dab-62c5-4f50-84de-594e76af3785?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $13.8B by 2029, inte= grating banking services into non-bank platforms to streamline business ope= rations. =F0=9F=87=A7=F0=9F=87=B7 BNDES and Finep approved [ https://substack.com/re= direct/d62dc3ee-167e-40f3-9622-3a6bac87c7dc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1B for AI since 2023, funding hardw= are, infra, and 49 startups through BNDES Garagem. Interesting reads =F0=9F=92=A1 =F0=9F=87=A7=F0=9F=87=B7 Tim De Chant explores [ https://substack.com/redir= ect/f4b4e210-f13a-48f1-87bc-6e21a2c56a2b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Google=E2=80=99s deal to buy 200k tons = of carbon removals from Brazil=E2=80=99s Mombak, betting on Amazon reforest= ation through the Symbiosis Coalition. =F0=9F=87=A8=F0=9F=87=B1 FinteChile shares [ https://substack.com/redirect/= 8531a93a-ae4c-4374-a524-6436a2e8691d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] key findings from Xepelin Insights 2025: fi= nancing and digitalization drive faster growth and resilience in Chilean SM= Bs. Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFM09ETXhNRFExTWl3aWFXRjBJam94TnpZe= U56YzJNall5TENKbGVIQWlPakUzT1RRek1USXlOaklzSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC5CRTlJMEl1YUdENUF1SlFTRjFnRWhZQ3V= zTUs2SlVMQkx5c2Z6U1d3d09ZIiwicCI6MTc4MzEwNDUyLCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzYyNzc2MjYyLCJleHAiOjIwNzgzNTIyNjIsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.O1EbQINdVffZifgdcoOBjQ0-quAcrNQPO9Cn1Ls= ttSs? --c59225884c327eb3e5d847dee4761a8d3d83656ad41051f612a373ef7d1f Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #58: MiSa= lud Health raises $18M. Monnet acquires ETPay. 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.audio-player-wrapper-fancy .audio-player .btn-group { display: flex; } .audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-typ= e { display: block; } } @media (min-width: 400px) { .audio-player-wrapper-fancy .audio-player .audio-player-hero-image-contai= ner { padding-top: 40%; width: 40%; } } @media (max-width: 400px) { .audio-player-wrapper-fancy .audio-player .btn-group { margin-top: 12px; } .audio-player-wrapper-fancy .audio-player .btn-group .button { font-size: 13px; padding: 6px 12px; height: auto; margin-top: 10px; } } @media (min-width: 600px) { .audio-player-wrapper-fancy .audio-player .audio-player-hero-image-contai= ner { padding-top: 55%; width: 55%; } } @media (max-width: 650px) { .poll-editor-modal { min-width: calc(100% - 20px); } } @media (max-width: 750px) { .poll-embed .poll-anchor-target .poll-anchor-copy-button { left: 8px; top: 45px; } }</style></head><body class=3D"email-body" style=3D"font-kerning: auto;--im= age-offset-margin: -120px;"><img src=3D"https://eotrx.substackcdn.com/open?= token=3DeyJtIjoiPDIwMjUxMTEwMTIwMjUyLjMuMmE4ZDljMzNmOWZmNGRlYkBtZy1kMS5zdWJ= zdGFjay5jb20-IiwidSI6MjA5MDE3NDI2LCJyIjoic3Vic0BlbWFpbHNob3QuaW8iLCJkIjoibW= ctZDEuc3Vic3RhY2suY29tIiwicCI6MTc4MzEwNDUyLCJ0IjoibmV3c2xldHRlciIsImEiOiJld= mVyeW9uZSIsInMiOjQ1MTg5NCwiYyI6InBvc3QiLCJmIjp0cnVlLCJwb3NpdGlvbiI6InRvcCIs= ImlhdCI6MTc2Mjc3NjI2MywiZXhwIjoxNzY1MzY4MjYzLCJpc3MiOiJwdWItMCIsInN1YiI6ImV= vIn0.G4Jept_BpM92ni3WNj2cZVEMY8gbM9kjB_YilUllMvs" alt=3D"" width=3D"1" heig= ht=3D"1" border=3D"0" style=3D"height:1px !important;width:1px !important;b= order-width:0 !important;margin-top:0 !important;margin-bottom:0 !important= ;margin-right:0 !important;margin-left:0 !important;padding-top:0 !importan= t;padding-bottom:0 !important;padding-right:0 !important;padding-left:0 !im= portant;"/><div class=3D"preview" style=3D"display:none;font-size:1px;color= :#333333;line-height:1px;max-height:0px;max-width:0px;opacity:0;overflow:hi= dden;">Welcome to the 58th edition of the Dealflow LatAm newsletter: a week= ly summary of everything that happened in the LatAm startup and investment = ecosystem.</div><div class=3D"preview" style=3D"display:none;font-size:1px;= color:#333333;line-height:1px;max-height:0px;max-width:0px;opacity:0;overfl= ow:hidden;">͏     ­͏     ­͏ =     ­͏     ­͏     = 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;   ­͏     ­͏     ­= ;͏     ­͏     ­͏   Q= 99; ­͏     ­͏     ­͏ &n= bsp;   ­͏     ­͏     ­= ͏     ­͏     ­͏   ̳= 9; ­͏     ­͏     ­͏ &nb= sp;   ­͏     ­͏     ­&= #847;     ­͏     ­͏    = ; ­͏     ­͏     ­͏ &nbs= p;   ­͏     ­͏     ­&#= 847;     ­͏     ­͏    = ­͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­</div><table = class=3D"email-body-container" role=3D"presentation" width=3D"100%" border= =3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td></td><td class=3D= "content" width=3D"550"></td><td></td></tr><tr><td></td><td class=3D"conten= t" width=3D"550" align=3D"left"><div style=3D"font-size: 16px;line-height: = 26px;max-width: 550px;width: 100%;margin: 0 auto;overflow-wrap: break-word;= "><table role=3D"presentation" width=3D"100%" border=3D"0" cellspacing=3D"0= " cellpadding=3D"0"><tbody><tr><td align=3D"right" style=3D"height:20px;"><= table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" c= ellpadding=3D"0"><tbody><tr><td style=3D"vertical-align:middle;"><span clas= s=3D"pencraft pc-reset reset-IxiVJZ tw-font-body tw-text-ssm tw-text-substa= ck-secondary" style=3D"font-family: SF Pro Text, -apple-system, system-ui, = BlinkMacSystemFont, Inter, Segoe UI, Roboto, Helvetica, Arial, sans-serif, = Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol;font-size: 13px;color: u= nset;list-style: none;text-decoration: unset;margin: 0;"><div class=3D"penc= raft pc-reset align-right-VJbKw5 size-12-mmZ61m reset-IxiVJZ" style=3D"list= -style: none;color: unset;text-align: right;font-size: 12px;line-height: 16= px;text-decoration: unset;margin: 0;"><span class=3D"pencraft pc-reset rese= t-IxiVJZ" translated=3D"" style=3D"list-style: none;color: unset;text-decor= ation: unset;margin: 0;">Forwarded this email? <a class=3D"pencraft pc-rese= t decoration-underline-ClTkYc reset-IxiVJZ" href=3D"https://substack.com/re= direct/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2xhdGFtLnN1YnN0YWNrLmNvbS9zdWJzY3JpYm= U_dXRtX3NvdXJjZT1lbWFpbCZ1dG1fY2FtcGFpZ249ZW1haWwtc3Vic2NyaWJlJnI9M2dmeXZtJ= m5leHQ9aHR0cHMlM0ElMkYlMkZkZWFsZmxvd2xhdGFtLnN1YnN0YWNrLmNvbSUyRnAlMkZkZWFs= Zmxvdy1sYXRhbS01OC1taXNhbHVkLWhlYWx0aCIsInAiOjE3ODMxMDQ1MiwicyI6NDUxODk0LCJ= mIjp0cnVlLCJ1IjoyMDkwMTc0MjYsImlhdCI6MTc2Mjc3NjI2MiwiZXhwIjoyMDc4MzUyMjYyLC= Jpc3MiOiJwdWItMCIsInN1YiI6ImxpbmstcmVkaXJlY3QifQ.3DPpKWsVtqhQMKp1r9fricJNG9= Td7jiAhQhXDJLs7QA?" style=3D"list-style: none;color: unset;text-decoration:= unset;margin: 0;-webkit-text-decoration-line: underline;text-decoration-li= ne: underline;">Subscribe here</a> for more</span></div></span></td></tr></= tbody></table></td></tr></tbody></table><table class=3D"header graphic-head= er" role=3D"presentation" style=3D"border-spacing: 0;padding: 16px 0 32px;"= ><tbody><tr><td align=3D"center" style=3D"text-align: center;padding: 0;"><= a href=3D"https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2xhd= GFtLnN1YnN0YWNrLmNvbS9wL2RlYWxmbG93LWxhdGFtLTU4LW1pc2FsdWQtaGVhbHRoP3V0bV9j= YW1wYWlnbj1lbWFpbC1oYWxmLXBvc3Qmcj0zZ2Z5dm0mdG9rZW49ZXlKMWMyVnlYMmxrSWpveU1= Ea3dNVGMwTWpZc0luQnZjM1JmYVdRaU9qRTNPRE14TURRMU1pd2lhV0YwSWpveE56WXlOemMyTW= pZeUxDSmxlSEFpT2pFM05qVXpOamd5TmpJc0ltbHpjeUk2SW5CMVlpMDBOVEU0T1RRaUxDSnpkV= 0lpT2lKd2IzTjBMWEpsWVdOMGFXOXVJbjAuSndIUnhzeW45Mk81Q2FKbjVQREJxbzhONHM1X1F3= SWpfbVdrUldRNkszTSIsInAiOjE3ODMxMDQ1MiwicyI6NDUxODk0LCJmIjp0cnVlLCJ1IjoyMDk= wMTc0MjYsImlhdCI6MTc2Mjc3NjI2MiwiZXhwIjoyMDc4MzUyMjYyLCJpc3MiOiJwdWItMCIsIn= N1YiI6ImxpbmstcmVkaXJlY3QifQ.3khq9f7oMh2yCFXv4uht0X6Y0nRq4J030RmP3HH2klw?">= <img class=3D"header-image" role=3D"presentation" width=3D"550" height=3D"1= 02" src=3D"https://substackcdn.com/image/fetch/$s_!jB99!,w_1100,c_limit,f_a= uto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.a= mazonaws.com%2Fpublic%2Fimages%2F45e85a01-766a-4916-98ff-6207be7aa703_2224x= 412.png" style=3D"border: none !important;vertical-align: middle;max-width:= 550px;display: block;margin: 0 auto;height: auto;width: 100%;"></a></td></= tr></tbody></table><div class=3D"post typography" dir=3D"auto" style=3D"--i= mage-offset-margin: -120px;padding: 32px 0 0 0;font-size: 16px;line-height:= 26px;"><div class=3D"post-header" role=3D"region" aria-label=3D"Post heade= r" style=3D"font-size: 16px;line-height: 26px;"><h1 class=3D"post-title pub= lished title-X77sOw" dir=3D"auto" style=3D"direction: auto;text-align: star= t;unicode-bidi: isolate;color: rgb(54,55,55);font-family: 'SF Pro Display',= -apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI= ',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','S= egoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-= osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz= -appearance: optimizelegibility;appearance: optimizelegibility;margin: 0;li= ne-height: 36px;font-size: 32px;"><a href=3D"https://substack.com/app-link/= post?publication_id=3D451894&post_id=3D178310452&utm_source=3Dpost-email-ti= tle&utm_campaign=3Demail-post-title&isFreemail=3Dtrue&r=3D3gfyvm&token=3Dey= J1c2VyX2lkIjoyMDkwMTc0MjYsInBvc3RfaWQiOjE3ODMxMDQ1MiwiaWF0IjoxNzYyNzc2MjYyL= CJleHAiOjE3NjUzNjgyNjIsImlzcyI6InB1Yi00NTE4OTQiLCJzdWIiOiJwb3N0LXJlYWN0aW9u= In0.JwHRxsyn92O5CaJn5PDBqo8N4s5_QwIj_mWkRWQ6K3M" style=3D"color: rgb(54,55,= 55);text-decoration: none;">Dealflow LatAm #58: MiSalud Health raises $18M.= Monnet acquires ETPay. Brazil VC jumps 23% in Q3.</a></h1><h3 class=3D"sub= title subtitle-HEEcLo" dir=3D"auto" style=3D"direction: auto;text-align: st= art;unicode-bidi: isolate;font-family: 'SF Pro Display',-apple-system-headl= ine,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,= Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';fon= t-weight: normal;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothin= g: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: opti= mizelegibility;appearance: optimizelegibility;margin: 4px 0 0;color: #77777= 7;line-height: 24px;font-size: 18px;margin-top: 12px;">Welcome to the 58th = edition of the Dealflow LatAm newsletter: a weekly summary of everything th= at happened in the LatAm startup and investment ecosystem.</h3><table class= =3D"post-meta custom alternative-meta" cellpadding=3D"0" cellspacing=3D"0" = style=3D"margin: 1em 0;height: 20px;align-items: center;"><tbody><tr style= =3D"display: flex;align-items: center;"><td class=3D"post-meta-item post-da= te" title=3D"2025-11-10T12:03:11.058Z" style=3D"position: relative;padding:= 0px 12px 0px 0;height: 14px;font-size: 14px;font-family: system-ui,-apple-= system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'App= le Color Emoji','Segoe UI Emoji','Segoe UI Symbol';text-decoration: none;fo= nt-weight: 400;padding-top: 2px;padding-bottom: 2px;padding-right: 0;margin= -right: 0;overflow-y: visible;overflow-x: hidden;white-space: nowrap;text-o= verflow: ellipsis;min-width: 0;-ms-overflow-style: none;overflow: -moz-scro= llbars-none;scrollbar-width: none;color: #363737;display: flex;align-items:= center;"><div class=3D"pencraft pc-reset color-secondary-ls1g8s line-heigh= t-20-t4M0El font-meta-MWBumP size-11-NuY2Zx weight-medium-fw81nC transform-= uppercase-yKDgcq reset-IxiVJZ meta-EgzBVA" style=3D"list-style: none;font-s= ize: 11px;line-height: 20px;text-decoration: unset;color: rgb(119,119,119);= margin: 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6px;margin-top: 0;"><span>Hey, it’s </span><strong><a href=3D"https:/= /substack.com/redirect/7e49c7a9-2566-4207-ba43-c87685cfd7f4?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"col= or: rgb(54,55,55);text-decoration: underline;">Yoel</a></strong><span> = 8075; Back again with the 58th edition of </span><strong>Dealflow LatAm</st= rong><span>: your go-to source for all the deals, moves, and momentum in th= e region’s startup scene.</span></p><p style=3D"margin: 0 0 20px 0;co= lor: rgb(54,55,55);line-height: 26px;font-size: 16px;"><strong>Plenty to br= eak down</strong><span>—so let’s get into it 🚀</span></= p><div class=3D"subscribe-widget is-signed-up is-fully-subscribed" data-com= ponent-name=3D"SubscribeWidget" style=3D"margin: 0 0 1em;direction: ltr;fon= t-size: 16px;line-height: 26px;"><div class=3D"pencraft pc-reset button-wra= pper" style=3D"text-decoration: unset;list-style: none;font-size: 16px;line= -height: 26px;text-align: 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src=3D"https://substackcdn.com/image/fetch/$s_!nJ8K!,w_40= ,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack.com%= 2Ficon%2FLucideCheck%3Fv%3D4%26height%3D40%26fill%3Dtransparent%26stroke%3D= %2523f1d3b6%26strokeWidth%3D3.6" width=3D"20" height=3D"20" style=3D"border= : none;vertical-align: middle;-ms-interpolation-mode: bicubic;height: auto;= display: inline-block;margin: -2px 8px 0 0;max-width: 20px" alt=3D""><span = style=3D"text-decoration: none;">Subscribed</span></a></div></div><div styl= e=3D"font-size: 16px;line-height: 26px;"><hr style=3D"margin: 32px 0;paddin= g: 0;height: 1px;background: #e6e1dd;border: none;"></div><p style=3D"margi= n: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><spa= n>This week’s newsletter is sponsored by </span><strong><a href=3D"ht= tps://substack.com/redirect/582919da-e993-49f1-b063-2afec9d28c2d?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">Cubbo</a></strong><sp= an>:</span></p><div class=3D"captioned-image-container-static" style=3D"fon= t-size: 16px;line-height: 26px;margin: 32px auto;"><figure style=3D"width: = 100%;margin: 0 auto;"><table class=3D"image-wrapper" width=3D"100%" border= =3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D"Image2ToD= OMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"t= ext-align: center;"></td><td class=3D"content" align=3D"left" width=3D"1456= " style=3D"text-align: center;"><a class=3D"image-link" target=3D"_blank" h= ref=3D"https://substack.com/redirect/9089299c-9541-44b8-8960-43987f14fcc1?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"position: relative;flex-direction: column;align-items: center;pa= dding: 0;width: auto;height: auto;border: none;text-decoration: none;displa= y: block;margin: 0;"><img class=3D"wide-image" data-attrs=3D"{"src&quo= t;:"https://substack-post-media.s3.amazonaws.com/public/images/8157c70= b-192e-439f-bfef-cd286fdedc94_1772x758.png","srcNoWatermark"= :null,"fullscreen":null,"imageSize":null,"height&q= uot;:623,"width":1456,"resizeWidth":null,"bytes&qu= ot;:278586,"alt":null,"title":null,"type":&qu= ot;image/png","href":"https://www.cubbo.com/en",&q= uot;belowTheFold":false,"topImage":true,"internalRedire= ct":"https://dealflowlatam.substack.com/i/174035769?img=3Dhttps%3= A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8157c70b-19= 2e-439f-bfef-cd286fdedc94_1772x758.png","isProcessing":false= ,"align":null,"offset":false}" alt=3D"" width=3D"550" h= eight=3D"235.33653846153845" src=3D"https://substackcdn.com/image/fetch/$s_= !NWlE!,w_1100,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2= Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8157c70b-192e-439= f-bfef-cd286fdedc94_1772x758.png" style=3D"border: none !important;vertical= -align: middle;display: block;-ms-interpolation-mode: bicubic;height: auto;= margin-bottom: 0;width: auto !important;max-width: 100% !important;margin: = 0 auto;"></a></td><td style=3D"text-align: center;"></td></tr></tbody></tab= le></figure></div><blockquote style=3D"border-left: 4px solid #f1d3b6;margi= n: 20px 0;padding: 0;"><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);= margin-left: 20px;line-height: 26px;font-size: 16px;"><span>Cubbo operates = </span><strong>fulfillment centers across Mexico and Brazil</strong><span>,= managing storage, inventory, and distribution for leading retailers and fi= ntech companies like Natura, Pepsico, Plata Card, L'oreal or Reckitt.</span= ></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);margin-left: 20px;= line-height: 26px;font-size: 16px;">We process over 500,000 orders and 5 mi= llion items monthly with proprietary technology that ensures speed, reliabi= lity, and cost control. The company generates over $35M in annual revenue w= ith profitable operations and expanding EBITDA margins.</p><p style=3D"marg= in: 0 0 20px 0;color: rgb(54,55,55);margin-left: 20px;line-height: 26px;fon= t-size: 16px;"><strong>Increase your sales by delivering orders with the sa= me experience as Amazon and Mercado Libre</strong></p></blockquote><p class= =3D"button-wrapper" data-attrs=3D"{"url":"https://www.cubbo.= com/en","text":"Talk to Cubbo","action":= null,"class":null}" data-component-name=3D"ButtonCreateButton" st= yle=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size:= 16px;text-align: center;cursor: pointer;border-radius: 4px;"><a class=3D"b= utton primary" href=3D"https://substack.com/redirect/9089299c-9541-44b8-896= 0-43987f14fcc1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbA= sF0l24U" rel=3D"" style=3D"font-family: system-ui,-apple-system,BlinkMacSys= temFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','S= egoe UI Emoji','Segoe UI Symbol';display: inline-block;box-sizing: border-b= ox;cursor: pointer;border: none;border-radius: 8px;font-size: 14px;line-hei= ght: 20px;font-weight: 600;text-align: center;margin: 0;opacity: 1;outline:= none;white-space: nowrap;color: #363737 !important;text-decoration: none != important;background-color: #f1d3b6;padding: 12px 20px;height: auto;"><span= style=3D"color: #363737;text-decoration: none;">Talk to Cubbo</span></a></= p><div style=3D"font-size: 16px;line-height: 26px;"><hr style=3D"margin: 32= px 0;padding: 0;height: 1px;background: #e6e1dd;border: none;"></div><p sty= le=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: = 16px;"><em>👉🏼 If you’re interested in sponsorship opp= ortunities, please reach out to yoel@dealflow.es</em></p><h1 class=3D"heade= r-anchor-post" style=3D"position: relative;font-family: 'SF Pro Display',-a= pple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',= Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Seg= oe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-os= x-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-a= ppearance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 = 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 2em;">Startup= funding news 💸</h1><h4 class=3D"header-anchor-post" style=3D"= position: relative;font-family: 'SF Pro Display',-apple-system-headline,sys= tem-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,s= ans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weigh= t: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antial= iased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegib= ility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,= 55,55);line-height: 1.16em;font-size: 1.125em;"><strong>Rounds of $10M+:</s= trong></h4><ul style=3D"margin-top: 0;padding: 0;"><li style=3D"margin: 8px= 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);lin= e-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;fo= nt-size: 16px;margin: 0;"><span>🇲🇽 </span><strong>MiSalud H= ealth</strong><span> </span><a href=3D"https://substack.com/redirect/94517e= b9-21bb-4ea4-80e8-610e5093d218?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decora= tion: underline;">raises</a><span> $18.3M led by </span><strong>IGNIA</stro= ng><span> to expand bilingual healthcare across North America.</span></p></= li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style= =3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: bor= der-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇧Ӻ= 79; </span><strong>Ambev</strong><span> </span><a href=3D"https://substack.= com/redirect/833b1c89-b0f2-4600-a66f-7bc3583d6099?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54= ,55,55);text-decoration: underline;">invests</a><span> $12.6M in the second= </span><strong>Brasilidades</strong><span> program to boost Brazil’s= creative economy, focusing on culture and sports projects nationwide.</spa= n></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><= p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizi= ng: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇦= ;🇷 </span><strong>The Mobile-First Company</strong><span> </span><a= href=3D"https://substack.com/redirect/d99546d0-f367-4797-9f58-3c3489004f35= ?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">raises</a>= <span> $12M to expand AI tools for small businesses. The round was led by <= /span><strong>Base10 Partners</strong><span> and </span><strong>Lightspeed<= /strong><span>.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-specia= l-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margi= n-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin= : 0;"><span>🇨🇴 </span><strong>LQN </strong><a href=3D"https= ://substack.com/redirect/91340207-0cd6-48a6-a8fd-5ec91d16557d?j=3DeyJ1IjoiM= 2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"c= olor: rgb(54,55,55);text-decoration: underline;">raises</a><span> $12M to l= aunch home equity-backed loans in Colombia, aiming to unlock trapped capita= l and expand its mortgage tech platform.</span></p></li></ul><h4 class=3D"h= eader-anchor-post" style=3D"position: relative;font-family: 'SF Pro Display= ',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe = UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji',= 'Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-mo= z-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibility;-m= oz-appearance: optimizelegibility;appearance: optimizelegibility;margin: 1e= m 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;"= ><strong>Rounds $1M to $10M:</strong></h4><ul style=3D"margin-top: 0;paddin= g: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p st= yle=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: = border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇲= 27485; </span><strong>Solfium</strong><span> </span><a href=3D"https://subs= tack.com/redirect/367353de-9d84-407b-a0eb-cc05bead456d?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: r= gb(54,55,55);text-decoration: underline;">raises</a><span> $10M Series A to= scale its solar platform. The round was led by </span><strong>Accion</stro= ng><span> and </span><strong>ALIVE Ventures</strong><span>, with </span><st= rong>Kamay Ventures</strong><span> joining.</span></p></li><li style=3D"mar= gin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55= ,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left= : 4px;font-size: 16px;margin: 0;"><span>🇦🇷 </span><strong>P= atagon AI</strong><span> </span><a href=3D"https://substack.com/redirect/0f= 20ba65-ba43-4452-9e12-e2d1e40aa13d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-de= coration: underline;">raises</a><span> $2.7M to expand its AI-powered marke= ting platform. The round was led by </span><strong>Kfund</strong><span>, wi= th </span><strong>17Sigma</strong><span> and </span><strong>Onevc</strong><= span> joining.</span></p></li></ul><h4 class=3D"header-anchor-post" style= =3D"position: relative;font-family: 'SF Pro Display',-apple-system-headline= ,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Ari= al,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-w= eight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: an= tialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizel= egibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb= (54,55,55);line-height: 1.16em;font-size: 1.125em;"><strong>Other rounds of= funding:</strong></h4><ul style=3D"margin-top: 0;padding: 0;"><li style=3D= "margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(5= 4,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-= left: 4px;font-size: 16px;margin: 0;"><span>🇧🇷 </span><stro= ng>Rastro Neural</strong><span> </span><a href=3D"https://substack.com/redi= rect/a692c218-2336-479b-8a8e-7d9a23401bc1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);= text-decoration: underline;">raises</a><span> $470K to develop its AI-era S= EO platform that helps brands appear in generative AI responses. Investors = were not disclosed.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-sp= ecial-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;m= argin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;ma= rgin: 0;"><span>🇧🇷 </span><strong>Conexa</strong><span> </s= pan><a href=3D"https://substack.com/redirect/bef6d8a4-4cb1-4f46-9937-2a262d= 3c44d1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U"= rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">invest= s</a><span> $375K in Hospital Conexa, a digital platform for corporate heal= th management focused on reducing costs and improving coordinated care.</sp= an></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;">= <p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-siz= ing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>㇌= 2;🇾 </span><strong>Gopersonal</strong><span> </span><a href=3D"http= s://substack.com/redirect/095903c0-1cbe-4b53-b9a8-537fe7b04e1b?j=3DeyJ1Ijoi= M2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"= color: rgb(54,55,55);text-decoration: underline;">raises</a><span> $300K to= scale its AI-powered ecommerce platform. The seed round was led by </span>= <strong>500 Global</strong><span>.</span></p></li><li style=3D"margin: 8px = 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line= -height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;fon= t-size: 16px;margin: 0;"><span>🇧🇷 </span><strong>Monique Ev= elle</strong><span> </span><a href=3D"https://substack.com/redirect/8757f93= 4-a34e-4bd4-9c80-42718b9c873e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decorat= ion: underline;">invests</a><span> $225K in startups focused on health, wel= lness, and social impact, including </span><strong>Afrosaúde</strong><= span>, </span><strong>Hotina App</strong><span>, and </span><strong>Germano= s</strong><span>.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-spec= ial-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;mar= gin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;marg= in: 0;"><span>🇧🇷 </span><strong>Mastery B2B Tech</strong><s= pan> </span><a href=3D"https://substack.com/redirect/9273d428-4b1f-4e39-89c= 2-a5722e19c38a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbA= sF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;= ">raises</a><span> $66K to expand its AI platform for automating tax proces= ses in B2B commerce. The round was led by </span><strong>Bossa Invest</stro= ng><span>.</span></p></li></ul><h1 class=3D"header-anchor-post" style=3D"po= sition: relative;font-family: 'SF Pro Display',-apple-system-headline,syste= m-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,san= s-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight:= bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialia= sed;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibil= ity;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55= ,55);line-height: 1.16em;font-size: 2em;">M&A transactions 🎊</h= 1><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;fon= t-size: 16px;"><span>🇧🇷 </span><strong>QuintoAndar</strong>= <span> </span><a href=3D"https://substack.com/redirect/5fbd62cf-b4d0-4b61-b= cdf-c37f1cf09344?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underlin= e;">exits</a><span> condo tech, returning </span><strong>SindicoNet</strong= ><span> and </span><strong>Noknox</strong><span> to founders to refocus on = core real estate services.</span></p><p style=3D"margin: 0 0 20px 0;color: = rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>🇧🇷 = </span><strong>nstech</strong><span> </span><a href=3D"https://substack.com= /redirect/d2fbacdf-9e8f-4484-a91b-48ac187e6cf3?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55= ,55);text-decoration: underline;">surpasses</a><span> $18.7M in monthly rev= enue and acquires </span><strong>Runtec</strong><span>, marking its 37th de= al to strengthen its integrated logistics network, </span><strong>TNS</stro= ng><span>.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);li= ne-height: 26px;font-size: 16px;"><span>🇧🇷🤝🇬= ;🇧 </span><strong>Indicium</strong><span> </span><a href=3D"https:/= /substack.com/redirect/42ad2b7e-3142-4367-a543-0796e2f4806c?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"col= or: rgb(54,55,55);text-decoration: underline;">merges</a><span> with UKR= 17;s </span><strong>Mesh-AI</strong><span> to form </span><strong>Indicium = AI</strong><span>, expanding to Europe with 600+ professionals focused on A= I and data solutions.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(5= 4,55,55);line-height: 26px;font-size: 16px;"><span>🇵🇪ԍ= 09;🇨🇱 </span><strong>Monnet Payments</strong><span> </span>= <a href=3D"https://substack.com/redirect/3309fe21-2184-48f0-a930-d83e195062= 2b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">acquires</= a><span> </span><strong>ETPay</strong><span> to expand in Chile and process= $5B in transactions by year-end.</span></p><p style=3D"margin: 0 0 20px 0;= color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>🇮= 27473;🤝🇲🇽 </span><strong>Nayax</strong><span> </spa= n><a href=3D"https://substack.com/redirect/1ebcf96f-008c-47b2-af77-f3245aad= 6052?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" r= el=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">to acqui= re</a><span> </span><strong>Integral Vending</strong><span> as part of LatA= m expansion, turning a 10-year partnership into a strategic regional platfo= rm.</span></p><h1 class=3D"header-anchor-post" style=3D"position: relative;= font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-syste= m,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Co= lor Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-fon= t-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appea= rance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: o= ptimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height:= 1.16em;font-size: 2em;">Investor & accelerator news 🚀</h1><p s= tyle=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size= : 16px;"><span>🇧🇷 </span><strong>Venture capital</strong><s= pan> </span><a href=3D"https://substack.com/redirect/b8baa84e-bcfd-4b9e-a32= d-c41fa7ca5a2b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbA= sF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;= ">grew</a><span> 23% in Q3 2025 with $393M across 27 deals, the year’= s strongest quarter. Top sectors were IT, financial services, and consumer = goods.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-h= eight: 26px;font-size: 16px;"><span>🇧🇷 </span><strong>Valut= ia</strong><span> </span><a href=3D"https://substack.com/redirect/3181d208-= f869-4347-bdb4-2100029ca1f9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN4= 8_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoratio= n: underline;">closes</a><span> $10.6M fund to back global-minded Brazilian= startups with checks from $300K to $1M. Portfolio includes </span><strong>= Moises</strong><span> and </span><strong>Wehandle</strong><span>.</span></p= ><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font= -size: 16px;"><span>🇧🇷 </span><strong>DOMO.VC</strong><span= > </span><a href=3D"https://substack.com/redirect/0c1576fa-dd45-452d-ab01-2= 540e7cc09ff?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0= l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">a= voids</a><span> solo founders, favoring teams with business and tech streng= th. Panel at </span><strong>fisweek25</strong><span> included </span><stron= g>Maya Capital</strong><span> and </span><strong>ABSS</strong><span>.</span= ></p><h4 class=3D"header-anchor-post" style=3D"position: relative;font-fami= ly: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMa= cSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji= ','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothi= ng: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: op= timizelegibility;-moz-appearance: optimizelegibility;appearance: optimizele= gibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;f= ont-size: 1.125em;">Opportunities & Deadlines 👀</h4><ul style= =3D"margin-top: 0;padding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-specia= l-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margi= n-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin= : 0;"><span>🇨🇱 </span><strong>inDrive</strong><span> </span= ><a href=3D"https://substack.com/redirect/74fc3cd5-f54d-43d4-b2e9-247544de0= 284?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" re= l=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">launches<= /a><span> 2026 </span><strong>Aurora Tech Award</strong><span> in Chile to = empower women-led tech startups with up to $50K</span><strong> </strong><sp= an>in prizes; apply by </span><strong>Nov 12</strong><span>.</span></p></li= ><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D= "color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border= -box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇦🇷= </span><strong>Gavin Wood</strong><span> </span><a href=3D"https://substac= k.com/redirect/08fde656-29c7-4272-b865-24f8a63d2797?j=3DeyJ1IjoiM2dmeXZtIn0= =2Exu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U" rel=3D"" style=3D"color: rgb(= 54,55,55);text-decoration: underline;">returns</a><span> as </span><strong>= Parity</strong><span> CEO and will open </span><strong>Polkadot’s sub= 0 Symbiosis</strong><span> in Buenos Aires on </span><strong>Nov 14</strong= ><span>, spotlighting the next </span><strong>Web3</strong><span> phase.</s= pan></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"= ><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-si= zing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>Ӻ= 77;🇪 </span><strong>CAPECE</strong><span> </span><a href=3D"https:/= /substack.com/redirect/0d878ead-0008-4b17-9521-a572c555e618?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"col= or: rgb(54,55,55);text-decoration: underline;">launches</a><span> </span><s= trong>Latam Epayment Summit 2025</strong><span> (Lima + online) with 70+ sp= eakers to decode the future of payments; </span><strong>Nov 24‑26</st= rong><span>.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-f= ormat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-b= ottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0= ;"><span>🇧🇷 </span><strong>Hauseful</strong><span> </span><= a href=3D"https://substack.com/redirect/2c7f061d-6914-40de-bd29-12bad381a62= 2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">will host<= /a><span> a real estate tech summit on </span><strong>Nov 27</strong><span>= at </span><strong>Cubo Itaú</strong><span>, spotlighting field ops, i= nspections, and innovation in Brazil’s housing sector.</span></p></li= ><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D= "color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border= -box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇨🇱= </span><strong>Logtech Day 2025</strong><span> </span><a href=3D"https://s= ubstack.com/redirect/fbb370f6-7f1e-40f9-80b5-8829156d4f19?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color= : rgb(54,55,55);text-decoration: underline;">returns</a><span> on </span><s= trong>Dec 4</strong><span> in Santiago, hosted by </span><strong>KLog.co</s= trong><span>, uniting LatAm logistics leaders to reshape global trade throu= gh tech & collaboration.</span></p></li><li style=3D"margin: 8px 0 0 32= px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line-heigh= t: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size= : 16px;margin: 0;"><span>🇧🇷 </span><strong>GITEX LATAM</str= ong><span> </span><a href=3D"https://substack.com/redirect/48eeff0e-0f1e-41= 86-a376-c73b6a244d2c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM= 3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: unde= rline;">debuts</a><span> in SP on </span><strong>Mar 16 2027</s= trong><span>, bringing the world’s largest tech and innovation event = to boost digital transformation and global partnerships.</span></p></li><li= style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"col= or: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box= ;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇲🇽 </s= pan><strong>Bitso Business</strong><span> </span><a href=3D"https://substac= k.com/redirect/12c927d3-a968-4896-87c5-2edad62a41fc?j=3DeyJ1IjoiM2dmeXZtIn0= =2Exu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U" rel=3D"" style=3D"color: rgb(= 54,55,55);text-decoration: underline;">confirms</a><span> the </span><stron= g>Stablecoin Conference LatAm 2026</strong><span>, gathering global leaders= on stablecoin innovation in Mexico City; 📅 </span><strong>JuneR= 39;15–16</strong><span>.</span></p></li></ul><h1 class=3D"header-anch= or-post" style=3D"position: relative;font-family: 'SF Pro Display',-apple-s= ystem-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto= ,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI = Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font= -smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appeara= nce: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625e= m 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 2em;">Startup news = 💡</h1><h4 class=3D"header-anchor-post" style=3D"position: relative;= font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-syste= m,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Co= lor Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-fon= t-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appea= rance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: o= ptimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height:= 1.16em;font-size: 1.125em;">🇦🇷 Argentina</h4><ul style=3D"= margin-top: 0;padding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-fo= rmat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bo= ttom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;= "><span>🇦🇷 </span><strong>Ethix</strong><span> </span><a hr= ef=3D"https://substack.com/redirect/338a6aca-aacf-4f7a-8207-92c038c8b957?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">was recognized= </a><span> as one of Argentina’s top 20 most innovative companies aft= er only 9 months in operation, thanks to its AI‑powered procure= ment platform.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special= -format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin= -bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin:= 0;"><span>🇦🇷 </span><strong>TLON Space</strong><span> </sp= an><a href=3D"https://substack.com/redirect/0e67fc43-6100-4593-b401-a2fd424= 67569?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" = rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">to laun= ch</a><span> first orbital flight with nanosatellites from Lobería, ma= rking a milestone in LatAm space access.</span></p></li><li style=3D"margin= : 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55= );line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4= px;font-size: 16px;margin: 0;"><span>🇦🇷 </span><strong>Krip= ton</strong><span> </span><a href=3D"https://substack.com/redirect/c37afde8= -7d52-49cf-8e7c-244d7bf84526?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN= 48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decorati= on: underline;">launches</a><span> multi-currency crypto payments with </sp= an><strong>Tether</strong><span> and </span><strong>TRON</strong><span>, li= ve in merchants across Argentina.</span></p></li></ul><h4 class=3D"header-a= nchor-post" style=3D"position: relative;font-family: 'SF Pro Display',-appl= e-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Rob= oto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe = UI Symbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-f= ont-smoothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appe= arance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.6= 25em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">Ӻ= 63;🇷 Brazil</h4><ul style=3D"margin-top: 0;padding: 0;"><li style= =3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rg= b(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;paddi= ng-left: 4px;font-size: 16px;margin: 0;"><span>🇧🇷 </span><s= trong>Lastro</strong><span> </span><a href=3D"https://substack.com/redirect= /828727bf-0cd7-4f00-a568-c516b29ed700?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text= -decoration: underline;">launches</a><span> “</span><strong>Casa da L= ais</strong><span>” app to help real estate firms track leads and dat= a in real time using its AI assistant </span><strong>Lais</strong><span>.</= span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;= "><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-s= izing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>= 463;🇷 </span><strong>Ame Digital</strong><span> </span><a href=3D"h= ttps://substack.com/redirect/57378368-c47a-43ce-92b9-484c74eb125a?j=3DeyJ1I= joiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">cancels</a><span> its= </span><strong>Central Bank</strong><span> license after failing to sell i= ts payment institution or assets; operations were officially discontinued i= n October.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-for= mat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bot= tom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"= ><span>🇧🇷 </span><strong>Preservaland</strong><span> </span= ><a href=3D"https://substack.com/redirect/9a7e47bf-8fc2-475a-963d-de25228f0= ff6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" re= l=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">to invest= </a><span> $940K in agroforests and raise $2M to scale its environmental co= mpensation platform.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-s= pecial-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;= margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;m= argin: 0;"><span>🇧🇷 </span><strong>re.green</strong><span> = </span><a href=3D"https://substack.com/redirect/ff6538ed-de50-49ae-b442-108= 179c04751?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l2= 4U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">win= s</a><span> </span><strong>Prince William’s Earthshot Prize</strong><= span> with £1M grant for its AI-powered forest restoration model, alre= ady planting 6M+ trees.</span></p></li><li style=3D"margin: 8px 0 0 32px;ms= o-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26= px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16p= x;margin: 0;"><span>🇧🇷 </span><strong>Nero.AI</strong><span= > </span><a href=3D"https://substack.com/redirect/6bfc9d35-07c2-49a8-8c73-4= 61ae50e630e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0= l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">w= ins</a><span> </span><strong>Google</strong><span>’s global </span><s= trong>Kubernetes</strong><span> hackathon with AI tech enhancing online sho= pping experience. Prize: $8K + $1K Google Cloud credits.</span></p></li><li= style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"col= or: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box= ;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇧🇷 </s= pan><strong>Agilize</strong><span> </span><a href=3D"https://substack.com/r= edirect/916ad984-bd89-4ab3-9031-716cbb38eab9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,5= 5);text-decoration: underline;">partners</a><span> with </span><strong>Well= hub</strong><span> and </span><strong>Starbem</strong><span> to offer welln= ess benefits, gym access and telehealth, to entrepreneurs and their familie= s.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bul= let;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;b= ox-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>&= #127463;🇷 </span><strong>Provu</strong><span> </span><a href=3D"htt= ps://substack.com/redirect/740b7492-c87e-48bf-a931-faaa50114802?j=3DeyJ1Ijo= iM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D= "color: rgb(54,55,55);text-decoration: underline;">has received</a><span> a= pproval from the </span><strong>BC</strong><span> for its sale of the Socie= dade de Crédito Direto (SCD) to investor </span><strong>Vinicius Garci= a</strong><span> and </span><strong>Holditsafe Financeira</strong><span>.</= span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;= "><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-s= izing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>= 463;🇷 </span><strong>Stone</strong><span> </span><a href=3D"https:/= /substack.com/redirect/b65668dd-84b7-4986-94a9-24e88add3353?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"col= or: rgb(54,55,55);text-decoration: underline;">receives</a><span> approval = from Brazil’s </span><strong>Central Bank</strong><span> to launch it= s own investment broker (DTVM), expanding its funding strategy and financia= l services.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-fo= rmat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bo= ttom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;= "><span>🇧🇷 </span><strong>iFood Pago</strong><span> </span>= <a href=3D"https://substack.com/redirect/bf246198-ce51-4fc6-b4a0-f894ace96a= 42?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">launches</= a><span> </span><strong>GenAI</strong><span>-powered Financial Manager via = WhatsApp to support restaurant owners with smart banking, payments & co= nsulting.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-form= at: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bott= om: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;">= <span>🇧🇷 </span><strong>Tractian</strong><span> </span><a h= ref=3D"https://substack.com/redirect/88215c3b-4bed-4906-95e7-880696b43094?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">opens</a><span= > a 10,000m² AI Center in São Paulo, investing $11.3 to boost ind= ustrial tech and AI talent after its Series C.</span></p></li></ul><h4 clas= s=3D"header-anchor-post" style=3D"position: relative;font-family: 'SF Pro D= isplay',-apple-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'= Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI E= moji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialias= ed;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibil= ity;-moz-appearance: optimizelegibility;appearance: optimizelegibility;marg= in: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.1= 25em;">🇨🇱 Chile</h4><ul style=3D"margin-top: 0;padding: 0;"= ><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D= "color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border= -box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇨🇱= </span><strong>Keirón</strong><span> </span><a href=3D"https://substa= ck.com/redirect/4bb99357-0c12-49bc-92a1-42c5d62245a7?j=3DeyJ1IjoiM2dmeXZtIn= 0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb= (54,55,55);text-decoration: underline;">wins</a><span> the </span><strong>M= edTech Challenge Chile 2025</strong><span> with its AI‑driven system = for surgical workflow automation.</span></p></li><li style=3D"margin: 8px 0= 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line-= height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font= -size: 16px;margin: 0;"><span>🇨🇱 </span><strong>Easycancha<= /strong><span> </span><a href=3D"https://substack.com/redirect/738fc89f-42d= c-4457-bbb4-b150751b7e74?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_j= CfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: = underline;">processes</a><span> $2.5M monthly in sports‑venue booking= s across 11 LatAm countries, serving over 1.6 million athletes.</span= ></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p= style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizin= g: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇨= 🇱 </span><strong>Start-Up Chile</strong><span> </span><a href=3D"ht= tps://substack.com/redirect/e145be30-36a6-4be2-ae48-35ab7e4ef6ff?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">celebrates</a><span> = 15 years as a nonpartisan state policy, supporting innovation across changi= ng governments, says manager Javiera Araneda.</span></p></li><li style=3D"m= argin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,= 55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-le= ft: 4px;font-size: 16px;margin: 0;"><span>🇨🇱 </span><strong= >Fintoc</strong><span> </span><a href=3D"https://substack.com/redirect/7b38= 1ccd-8bb6-463b-bf45-74b59442cce7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-deco= ration: underline;">gets</a><span> approval to issue prepaid cards and cut = intermediaries, aiming for faster, lower‑cost payment solutions.</spa= n></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><= p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizi= ng: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇺= ;🇸 </span><strong>Front</strong><span> </span><a href=3D"https://su= bstack.com/redirect/e3182b15-4fb5-4f03-b527-e59d163c59cb?j=3DeyJ1IjoiM2dmeX= ZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color:= rgb(54,55,55);text-decoration: underline;">expands</a><span> to Chile, hir= ing 100+ to support global teams in engineering, design, finance, and HR.</= span></p></li></ul><h4 class=3D"header-anchor-post" style=3D"position: rela= tive;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-= system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'App= le Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webki= t-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-= appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearan= ce: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-he= ight: 1.16em;font-size: 1.125em;">🇨🇴 Colombia</h4><ul style= =3D"margin-top: 0;padding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-specia= l-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margi= n-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin= : 0;"><span>🇨🇴 </span><strong>Credibanco </strong><a href= =3D"https://substack.com/redirect/4fc18873-f996-44a4-b0cd-12b240719173?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" s= tyle=3D"color: rgb(54,55,55);text-decoration: underline;">launches</a><stro= ng> “Chebre”</strong><span>, a digital payments platform aimed = at small businesses, offering next-day deposits, 2.5% fees, and no long-ter= m contracts.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-f= ormat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-b= ottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0= ;"><span>🇨🇴 </span><strong>Nequi</strong><span> </span><a h= ref=3D"https://substack.com/redirect/1221e4bf-23ad-477e-95b2-5293871d21e4?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">hits</a><span>= breakeven and gets green light from </span><strong>SFC</strong><span> to o= perate as a financing company, moving closer to independence from </span><s= trong>Bancolombia</strong><span>.</span></p></li><li style=3D"margin: 8px 0= 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line-= height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font= -size: 16px;margin: 0;"><span>🇨🇴 </span><strong>Bold</stron= g><span> and </span><strong>Iris</strong><span> </span><a href=3D"https://s= ubstack.com/redirect/00ab88c6-0aa2-4d25-9ffb-e5f9d0707631?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color= : rgb(54,55,55);text-decoration: underline;">partner</a><span> to connect P= OS terminals with business accounts, aiming to process over $24.2M in payme= nts in 2026.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-f= ormat: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-b= ottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0= ;"><span>🇨🇴 </span><strong>MinHacienda</strong><span> </spa= n><a href=3D"https://substack.com/redirect/2762e63e-ce00-4c81-8ea3-760c386d= 2829?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" r= el=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">scraps</= a><span> 1.5% tax on </span><strong>Bre-b</strong><span> and digital paymen= ts; all methods, including cards, now face 0% withholding.</span></p></li><= li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"c= olor: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-b= ox;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇨🇱 <= /span><strong>ZeroQ</strong><span> </span><a href=3D"https://substack.com/r= edirect/5d6d6568-7067-4118-ae89-93786e6329b9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,5= 5);text-decoration: underline;">expands</a><span> in Colombia to digitize h= ealth, education, banking & public services with AI.</span></p></li></u= l><h4 class=3D"header-anchor-post" style=3D"position: relative;font-family:= 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkMacSy= stemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','= Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing:= antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optim= izelegibility;-moz-appearance: optimizelegibility;appearance: optimizelegib= ility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font= -size: 1.125em;">🇲🇽 Mexico</h4><ul style=3D"margin-top: 0;p= adding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;">= <p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-siz= ing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>㇋= 4;🇽 </span><strong>Ramona IA</strong><span>, </span><a href=3D"http= s://substack.com/redirect/bdac8e9a-25a1-4ecb-87fd-1b8212da85e1?j=3DeyJ1Ijoi= M2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"= color: rgb(54,55,55);text-decoration: underline;">built</a><span> by a Mexi= can founder, uses AI to detect job scams and protect young people from frau= dulent offers.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special= -format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin= -bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin:= 0;"><span>🇲🇽 </span><strong>Covalto</strong><span> </span>= <a href=3D"https://substack.com/redirect/11f6a468-424e-412a-b79e-e32fd1c72f= f6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">evolves</a= ><span> from fintech to digital bank to better serve Mexican SMEs with broa= der, tech-driven financial services.</span></p></li><li style=3D"margin: 8p= x 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);li= ne-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;f= ont-size: 16px;margin: 0;"><span>🇲🇽 </span><strong>Xal̷= 9;Digital</strong><span> </span><a href=3D"https://substack.com/redirect/bc= 73847f-05fc-43aa-8c5d-c149ea9057d2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-de= coration: underline;">accelerates</a><span> in Mexico & and LatAm= with </span><strong>AWS</strong><span>‑based AI, IoT &R= 39;cloud solutions, targeting $21 M in revenue in 2025.</span></p></l= i><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style= =3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: bor= der-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇲Ӻ= 85; </span><strong>Finsus</strong><span> and </span><strong>OXXO</strong><s= pan> </span><a href=3D"https://substack.com/redirect/d39527a5-aefb-4c58-919= c-b5056e2e48e6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbA= sF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;= ">join</a><span> forces to offer </span><strong>Mastercard</strong><span> d= ebit withdrawals up to $163 at 24,000+ stores across Mexico.</span></p></li= ><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D= "color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border= -box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇲🇽= </span><strong>Stori</strong><span> </span><a href=3D"https://substack.com= /redirect/52624855-154d-4ea4-828e-c7ba8945c9f0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55= ,55);text-decoration: underline;">launches</a><span> a debit card with a $3= USD minimum, aiming to boost savings and reduce cash use in Mexico.</span>= </p></li></ul><h4 class=3D"header-anchor-post" style=3D"position: relative;= font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-syste= m,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Co= lor Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-fon= t-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appea= rance: optimizelegibility;-moz-appearance: optimizelegibility;appearance: o= ptimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height:= 1.16em;font-size: 1.125em;">🇵🇪 Peru</h4><ul style=3D"margi= n-top: 0;padding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-format:= bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom:= 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><sp= an>🇵🇪 </span><strong>EVoting</strong><span> </span><a href= =3D"https://substack.com/redirect/146333db-0774-4c7c-af2e-9e1aca72af59?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" s= tyle=3D"color: rgb(54,55,55);text-decoration: underline;">boosts</a><span> = legal‑process digitization, showcasing its remote, secure board‑= ;meeting tools at the </span><strong>Cumbre de Gerencias Legales 2025= </strong><span>.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-speci= al-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;marg= in-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margi= n: 0;"><span>🇨🇴 </span><strong>TumiPay </strong><a href=3D"= https://substack.com/redirect/91e36a51-511b-4a98-9b1f-06f515104908?j=3DeyJ1= IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">enters</a><strong> </= strong><span>Peru, bringing integrated digital payment and collection solut= ions for businesses, including QR, bank transfers, and real-time payouts.</= span></p></li></ul><h4 class=3D"header-anchor-post" style=3D"position: rela= tive;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-= system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'App= le Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webki= t-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-= appearance: optimizelegibility;-moz-appearance: optimizelegibility;appearan= ce: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-he= ight: 1.16em;font-size: 1.125em;">🇺🇾 Uruguay</h4><ul style= =3D"margin-top: 0;padding: 0;"><li style=3D"margin: 8px 0 0 32px;mso-specia= l-format: bullet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margi= n-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px;margin= : 0;"><span>🇺🇾 </span><strong>PedidosYa</strong><span> </sp= an><a href=3D"https://substack.com/redirect/b67ab7ed-75e3-446c-a854-f096efd= d18f2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" = rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">faces</= a><span> landmark court ruling in Uruguay recognizing a courier as an emplo= yee, ordering payment of benefits and citing “algorithmic subordinati= on.”</span></p></li></ul><h4 class=3D"header-anchor-post" style=3D"po= sition: relative;font-family: 'SF Pro Display',-apple-system-headline,syste= m-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,san= s-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight:= bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialia= sed;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibil= ity;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55= ,55);line-height: 1.16em;font-size: 1.125em;"><strong>🌎 </strong><s= pan>Other LatAm News</span></h4><ul style=3D"margin-top: 0;padding: 0;"><li= style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"col= or: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box= ;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇻🇪 </s= pan><strong>Yango</strong><span> </span><a href=3D"https://substack.com/red= irect/77c4636f-bee9-4e9e-a7f8-2f67d357e14a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55)= ;text-decoration: underline;">hits</a><span> 100 days in Venezuela; full-ti= me drivers earn </span><strong>$1k–1,4k/month</strong><span>, motoriz= ados </span><strong>$650–800</strong><span>, despite 5 drivers per us= er.</span></p></li><li style=3D"margin: 8px 0 0 32px;mso-special-format: bu= llet;"><p style=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;= box-sizing: border-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>= 🇻🇪 </span><strong>Kontigo</strong><span> </span><a href=3D"= https://substack.com/redirect/decd305d-66bb-4b3f-81aa-2b2b32581860?j=3DeyJ1= IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">adds</a><span> USDC c= onversion at </span><strong>Banco Nacional de Crédito</strong><span>, = joining other Venezuelan banks offering stablecoin services.</span></p></li= ></ul><h1 class=3D"header-anchor-post" style=3D"position: relative;font-fam= ily: 'SF Pro Display',-apple-system-headline,system-ui,-apple-system,BlinkM= acSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoj= i','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smooth= ing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: o= ptimizelegibility;-moz-appearance: optimizelegibility;appearance: optimizel= egibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;= font-size: 2em;">Big company & policy news 💡</h1><p style=3D"ma= rgin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><= span>🇦🇷 </span><strong><span>Argentina’s crypto secto= r </span><a href=3D"https://substack.com/redirect/25fd3bad-fe78-4a46-baf2-f= 47572a859ad?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0= l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">c= alls</a><span> for clear, use-based regulation</span></strong><span>, warni= ng that overregulation could drive exchanges abroad and hinder innovation.<= /span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: = 26px;font-size: 16px;"><span>🇦🇷🇨🇱 </span><s= trong>Mercado Pago</strong><span> </span><a href=3D"https://substack.com/re= direct/1cb19ef2-f340-4437-87de-e2b2670bea36?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55= );text-decoration: underline;">leads</a><span> Chile’s non‑bank= prepaid card market with 9.7 M cards (68 % share) and is now c= hasing the debit card space, only behind </span><strong>CuentaRUT</strong><= span>.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-h= eight: 26px;font-size: 16px;"><span>🇧🇷 </span><strong>Lei 1= 5.252</strong><span> </span><a href=3D"https://substack.com/redirect/927262= 81-3847-4c5d-9d54-b6186f0d344a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decora= tion: underline;">takes</a><span> effect, ensuring salary portability, chea= per credit, and clearer rate info; </span><strong>BC</strong><span> and </s= pan><strong>CMN</strong><span> must regulate in 180 days.</span></p><p styl= e=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 1= 6px;"><span>🇧🇷 </span><strong>Nubank </strong><a href=3D"ht= tps://substack.com/redirect/ec88faa3-b468-426f-9e30-4e2b96434ff0?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">hits</a><strong> </st= rong><span>122M users and $637M profit, leads Brazil’s fintech market= with </span><strong>NuCripto</strong><span> and a new credit partnership w= ith Amazon.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);l= ine-height: 26px;font-size: 16px;"><span>🇧🇷 Brazil’s<= /span><strong> Central Bank </strong><a href=3D"https://substack.com/redire= ct/e90f3cf6-94cf-40a4-95d3-0baf1ccc0df7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);te= xt-decoration: underline;">moves</a><span> to regulate BaaS, seeking transp= arency and security; fintechs face compliance hurdles but eye growth in nic= he markets.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);l= ine-height: 26px;font-size: 16px;"><span>🇧🇷 Brazil’s<= /span><strong> Central Bank </strong><a href=3D"https://substack.com/redire= ct/54ffef7c-b49f-40ef-b924-f01d6cc75d8c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);te= xt-decoration: underline;">halts</a><span> </span><strong>Drex </strong><sp= an>blockchain project, citing high costs and security concerns, marking a s= trategic shift in its digital currency rollout.</span></p><p style=3D"margi= n: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><spa= n>🇧🇷 </span><strong>Embedded finance </strong><span>in</spa= n><strong> Brazil</strong><span> is set </span><a href=3D"https://substack.= com/redirect/c0531dab-62c5-4f50-84de-594e76af3785?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54= ,55,55);text-decoration: underline;">to hit</a><span> $13.8B by 2029, integ= rating banking services into non-bank platforms to streamline business oper= ations.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-= height: 26px;font-size: 16px;"><span>🇧🇷 </span><strong>BNDE= S and Finep</strong><span> </span><a href=3D"https://substack.com/redirect/= d62dc3ee-167e-40f3-9622-3a6bac87c7dc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-= decoration: underline;">approved</a><span> $1B for AI since 2023, funding h= ardware, infra, and 49 startups through </span><strong>BNDES Garagem</stron= g><span>.</span></p><h1 class=3D"header-anchor-post" style=3D"position: rel= ative;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple= -system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Ap= ple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webk= it-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit= -appearance: optimizelegibility;-moz-appearance: optimizelegibility;appeara= nce: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-h= eight: 1.16em;font-size: 2em;">Interesting reads 💡</h1><p style=3D"= margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"= ><span>🇧🇷 </span><strong>Tim De Chant</strong><span> </span= ><a href=3D"https://substack.com/redirect/f4b4e210-f13a-48f1-87bc-6e21a2c56= a2b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" re= l=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">explores<= /a><span> </span><strong>Google</strong><span>’s deal to buy 200k ton= s of carbon removals from Brazil’s </span><strong>Mombak</strong><spa= n>, betting on </span><strong>Amazon</strong><span> reforestation through t= he </span><strong>Symbiosis Coalition</strong><span>.</span></p><p style=3D= "margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;= "><span>🇨🇱 </span><strong>FinteChile</strong><span> </span>= <a href=3D"https://substack.com/redirect/8531a93a-ae4c-4374-a524-6436a2e869= 1d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">shares</a>= <span> key findings from </span><strong>Xepelin Insights 2025</strong><span= >: financing and digitalization drive faster growth and resilience in Chile= an SMBs.</span></p><div style=3D"font-size: 16px;line-height: 26px;"><hr st= yle=3D"margin: 32px 0;padding: 0;height: 1px;background: #e6e1dd;border: no= ne;"></div><div class=3D"subscription-widget-wrap" style=3D"font-size: 16px= ;line-height: 26px;margin-bottom: 0;"><div class=3D"subscription-widget sho= w-subscribe" style=3D"font-size: 16px;direction: ltr !important;font-weight= : 400;text-decoration: none;font-family: system-ui,-apple-system,BlinkMacSy= stemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','= Segoe UI Emoji','Segoe UI Symbol';color: #363737;line-height: 1.5;max-width= : 560px;margin: 24px auto;align-items: flex-start;display: block;text-align= 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