Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="8b21a3f36224f7d1ff80c2a568991e95c55a3ded6b2dc6ba3d8518bef000" Subject: Dealflow LatAm #52: A5X raises $37.5M. Mercado Pago buys Nikos DTVM. Cocos acquires Banco Voii. From: Yoel Rodriguez of Dealflow LatAm To: Hidden Recipient Date: Mon, 22 Sep 2025 11:03:59 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: o-6GdcQ7DPDMOdY8AkCqKWNfRMLAoZ6o8EAmELG_VSYXqTR2YLkY-cjlA-MQ7mmCnNKbP12XEf4VruNkvro0NQ== --8b21a3f36224f7d1ff80c2a568991e95c55a3ded6b2dc6ba3d8518bef000 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-52-a5x-raises-375m Hey, it=E2=80=99s Yoel [ https://substack.com/redirect/9ed5a970-8fdd-4813-b= d35-a64bbd93d4c8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U ] =F0=9F=91=8B Back again with the 52nd edition of Dealflow LatAm= =E2=80=94your go-to source for all the deals, moves, and momentum in the re= gion=E2=80=99s startup scene. Capital is accelerating, innovation is scaling, and LatAm=E2=80=99s startup= ecosystem is moving at full speed. From fintech mega-deals to cross-border= acquisitions and AI breakthroughs. 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/3b7e192b-4c8d-44c7-aaf9-ace7e6b40df9?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=A7=F0=9F=87=B7 A5X raises [ https://substack.com/redirect/fabb72f= 4-563f-4d98-a581-0554a3675066?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] $37.5M in Series C to meet regulatory capital requ= irements and fund operations. The round was backed by its existing investor= s. =F0=9F=87=A7=F0=9F=87=B7 Arvo raises [ https://substack.com/redirect/5cd1a1= d5-6252-4682-9d8f-3f013a04f671?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] $19.8M in Series A to expand its AI-driven health= payment platform. The round was led by Kaszek and Base10 Partners, with Ca= nary and K50 Ventures participating. =F0=9F=87=B5=F0=9F=87=B9=F0=9F=87=A7=F0=9F=87=B7 Nutrium raises [ https://s= ubstack.com/redirect/26a48855-fe02-460f-bce7-b83b6642477a?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $12M in Series A to ex= pand its corporate nutrition platform in Brazil. The round was led by Vesal= ius Biocapital, with Lince Capital, Indico Capital Partners, and Beta Capit= al participating. Rounds $1M to $10M: =F0=9F=87=A7=F0=9F=87=B7 INFLEET raises [ https://substack.com/redirect/4ff= 5fb45-285b-4cbe-b4e2-3b2f6d37bf5a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $7.5M in Series A to scale its AI-driven =E2= =80=9CIntelligent Copilot=E2=80=9D for fleet operations. The round was led = by Canary, Indicator, and Citrino Ventures, with DOMO.VC, Scale-Up Endeavor= , and BluStone also participating. =F0=9F=87=A7=F0=9F=87=B7 CUB raises [ https://substack.com/redirect/5542a73= 7-410c-4984-9e99-7abf7b0f5af4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] $5.5M in Series A to scale its receivables managem= ent platform for real estate. The round was led by Alexia Ventures and Uplo= ad Ventures. =F0=9F=87=A7=F0=9F=87=B7 Layers raises [ https://substack.com/redirect/7243= 7e2b-1c5c-46b0-9cc0-76dbf1819058?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $3.9M in a pre-Series A to scale its education = SuperApp across LatAm. The round was led by Constellation CSI. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 RevisaPrev raises [ https://substack.com/redirect/= 67a1c77d-930d-41d1-965d-5f1a116f760f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] $710K to launch a retirement advance credit= solution. The round was led by Bossa Invest and Domo VC, with angel partic= ipation. =F0=9F=87=A7=F0=9F=87=B7 Olho do Dono raises [ https://substack.com/redirec= t/f626817f-15e0-43c0-9ec8-26bb53d86569?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] $413K to expand direct sales of its AI-ba= sed cattle weighing tech. The round was led by BR Angels. =F0=9F=87=A7=F0=9F=87=B7 Box 24x7 raises [ https://substack.com/redirect/e7= 410aa9-6f42-481a-a78a-2f8f1d0638f0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $206K to expand its product rental app in S= =C3=A3o Paulo. The round was led by Anjos do Brasil, Inova Startups, and an= gels. =F0=9F=87=A8=F0=9F=87=B1 Gokei raises [ https://substack.com/redirect/5999e= d77-5a63-48be-b4ce-0d0f94e829f6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] $200K to grow its health reimbursement platform = and expand in LatAm. The round was led by Buenaonda with regional angel sup= port. =F0=9F=87=A7=F0=9F=87=B7 Chefia raises [ https://substack.com/redirect/790c= 3336-42b1-4d1d-9e6f-b680c4805ac7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $187K to scale its content and benefits platfor= m for restaurant owners. The round was led by Investidores.vc with Anjos do= Brasil participating. =F0=9F=87=A7=F0=9F=87=B7 NoLimit raises [ https://substack.com/redirect/819= 04d4a-c12a-45f0-b537-fc98f25bdb05?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $150K to develop smart shorts that help athlet= es prevent injuries. The round was led by Strive to fund its first prototyp= e and U.S. launch. =F0=9F=87=A7=F0=9F=87=B7 Indicium receives [ https://substack.com/redirect/= 2d11a8d7-d575-45ec-8878-d057e8528bfb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] investment from Databricks Ventures to expa= nd their AI partnership. It's Databricks' first LatAm investment. =F0=9F=87=A7=F0=9F=87=B7 Joinin receives [ https://substack.com/redirect/2c= cee00a-1ea8-467f-8be7-4b3a774aebad?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] its first investment from Parceiro Ventures t= o accelerate HR platform expansion in Brazil and LatAm. Deal value was not = disclosed. M&A transactions =F0=9F=8E=8A =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7 Mercado Pago a= cquires [ https://substack.com/redirect/4f72ac78-9d8f-45ce-83c2-f5be26b7825= 4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Bra= zil=E2=80=99s Nikos DTVM to expand its investment offerings in its largest = market. =F0=9F=87=A6=F0=9F=87=B7 Cocos acquires [ https://substack.com/redirect/281= a2d91-c314-4892-8a9c-2f2ec6afec55?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Banco Voii to launch full banking services and= expand to Mexico. The fintech manages $1.5B AUM and projects $60=E2=80=937= 0M revenue in 2025. =F0=9F=87=B2=F0=9F=87=BD Klar acquires [ https://substack.com/redirect/b6e8= 5a40-bb52-44d6-bcee-2fc2ac50df54?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] Bineo for $100M to obtain a banking license and= accelerate its growth in Mexico. The move positions Klar as a regulated ne= obank and strengthens its fintech leadership. =F0=9F=87=A7=F0=9F=87=B7 Grupo Alun acquires [ https://substack.com/redirec= t/f467e4e7-ebd1-43fd-a7ac-72f0d2297b78?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] StartSe to expand into executive educatio= n. The deal, valuing StartSe at up to $100M, aims to help Alun reach $1B in= revenue by 2026. =F0=9F=87=A7=F0=9F=87=B7 Deskbee acquires [ https://substack.com/redirect/6= 3a5f7e5-fd8e-4e88-88e4-991ade976413?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] Bynd to add corporate mobility to its workpl= ace management platform. The deal includes full acquisition and investor bu= yout, with Bynd's founder joining Deskbee as CXO. =F0=9F=87=A7=F0=9F=87=B7 Natura signs [ https://substack.com/redirect/9f9cd= e4a-bde6-4054-8de5-e0297a1a7539?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] deal to sell Avon International to holding Regen= t, excluding Latin America and Russia. The move sharpens Natura=E2=80=99s f= ocus on growth in the LatAm market. =F0=9F=87=A7=F0=9F=87=B7 Economista Sincero acquires [ https://substack.com= /redirect/0e21f4cf-c428-4012-979b-d3a924fcf50b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Ticker Wealth to double AUM and l= ead its expansion with a focus on tech and internationalization. =F0=9F=87=A7=F0=9F=87=B7 Bionexo acquires [ https://substack.com/redirect/0= ed19bba-aafb-4567-a589-2fe060dd291b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] healthtech automation provider Overmind, exp= anding its SaaS offerings in health management. =F0=9F=87=A7=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 Unico acquires= [ https://substack.com/redirect/12be4d2c-e33f-4d84-872d-19bdff4a735e?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] OwnID to b= oost global identity verification and fight deepfakes with passwordless tec= h and R&D hub in Israel. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A6=F0=9F=87=B7 MetLife acquir= es [ https://substack.com/redirect/461cd102-67a3-4a02-95bb-6fc5c75e38d8?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 20% of= Klimber, fueling insurtech growth to reach 50M clients in LatAm and boost = insurance access. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A6=F0=9F=87=B7 ARCAP reports Argentina=E2=80=99s VC ecosystem has= invested [ https://substack.com/redirect/3c2260be-0144-41d6-bd15-d0292a906= 7b6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $= 2.5B in 1,400 startups since 2016, with blockchain emerging as key infrastr= ucture. Investments are diversifying beyond Buenos Aires and into sectors l= ike fintech, biotech, and energy. =F0=9F=87=B2=F0=9F=87=BD Philips Foundation invests [ https://substack.com/= redirect/1292be0b-d9e6-46de-922a-79ac17ad43b6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $2M to boost healthcare in Mexico = via Mamotest and Diagnostikare, enhancing early detection and digital acces= s to care. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=B5=F0=9F=87=AA Inspira.TECH Fest 2025 lands [ https://substack.co= m/redirect/091170c1-80ca-4447-a09d-05761c5080ff?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Lima on September 24, uniting= tech, education, and finance for its biggest edition yet. =F0=9F=87=A8=F0=9F=87=B4 L=E2=80=99Or=C3=A9al & Cambridge open [ https://su= bstack.com/redirect/305401fc-b49e-4920-8ec8-978b67314603?j=3DeyJ1IjoiM2dmeX= ZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] global accelerator for = sustainable startups with mentoring, certification & investment links; appl= y by Oct 15. =F0=9F=87=A8=F0=9F=87=B1 inDrive launches [ https://substack.com/redirect/b= 4b62e57-b96f-4386-8282-81920677840d?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. Startup news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Argentina =F0=9F=87=A6=F0=9F=87=B7 Malevo and Nera now enable [ https://substack.com/= redirect/cc46439e-151a-48e9-92f2-ee6bfe79d3e5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] farmers to finance sowing, harvest= ing & spraying via digital credit tools. =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 Brazilian startups raised [ https://substack.com/r= edirect/44d99096-45f6-41fc-a656-e524dfe2f0fa?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $349M in August =E2=80=94 down 24% = MoM, but up 163% YoY, with 35 deals, per Sling Hub. =F0=9F=87=A8=F0=9F=87=B1 Chile =F0=9F=87=A7=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B1 Avenue Securit= ies launches [ https://substack.com/redirect/c9506ca2-5878-451a-8ace-eaa27d= 9a2a6b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U = ] in Chile via partnership with Banco Ita=C3=BA Chile to offer US investmen= t products and advisory. =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=A4=96=F0=9F=87=A8=F0=9F=87=B4 Cluvi launches [ https://substack.com/= redirect/6ec0b9ad-1082-48b8-91b8-05d2444d3a00?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] AI tool Otto to boost restaurant o= perations in Colombia, with plans to expand across LatAm in 2025. =F0=9F=87=A8=F0=9F=87=B4 Frubana shuts down [ https://substack.com/redirect= /9556b4f5-5d04-488c-baf7-f0e8b19878a6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] in Brazil, its last market, ending operati= ons despite having raised $271M from top investors. =F0=9F=87=A8=F0=9F=87=B4 ePayco launches [ https://substack.com/redirect/5c= d2ba1e-24cf-4639-963d-d8429f68f248?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Suscripciones 2.0, enabling Colombian busines= ses to easily create subscription payment portals without needing technical= expertise. =F0=9F=87=A8=F0=9F=87=B4 RapiCredit launches [ https://substack.com/redirec= t/e199c23a-9d6f-4a77-bbea-17f411341afa?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] RapiPlazo, a 100% online loan tool, offer= ing credits of $77=E2=80=93103 in 3=E2=80=934 monthly installments. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B4 Global66 launc= hes [ https://substack.com/redirect/f4b91b6b-2dd3-4549-b3de-9dc027547108?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a new = foreign trade service for Colombian companies, aiming to simplify imports a= nd grow in the region. =F0=9F=87=A6=F0=9F=87=B7 Wallbit, backed by Y Combinator, enters [ https://= substack.com/redirect/d543f3e1-c95c-4ee2-b604-721461fee5a8?j=3DeyJ1IjoiM2dm= eXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Colombia with USD acc= ounts and a Visa card, targeting 10K clients by 2025. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B4 Mondel=C4=93z = & Ziro have issued [ https://substack.com/redirect/44b62539-e31c-4bb5-aee1-= d48af9f6ab25?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF= 0l24U ] 60K+ interest-free loans to boost 8.5K+ small shops in Colombia, ad= vancing inclusive finance. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD Tiendanube earns [ https://substack.com/redirect/9= aa9048d-4285-4bbc-9f36-e2788fd1fe9c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CMade in Mexico=E2=80=9D seal after = generating $43.5M USD in impact and boosting SME growth across the country. =F0=9F=87=B2=F0=9F=87=BD Stori launches [ https://substack.com/redirect/c95= c4242-0371-452d-ae25-379fd49b54c2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CSolicitar Transferencias=E2=80=9D, a = feature to securely request money between users=E2=80=94no account numbers = or awkwardness needed. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=87=BA=F0=9F=87=B8 Jeeves launches [ https://= substack.com/redirect/817c620f-cd1b-4362-9f62-b1cd51e178d4?j=3DeyJ1IjoiM2dm= eXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] stablecoin payments b= etween Mexico & U.S., cutting FX costs by up to 80%; Brazil & Colombia next= =2E =F0=9F=87=B5=F0=9F=87=AA Peru =F0=9F=87=B5=F0=9F=87=AA Cirkula saved [ https://substack.com/redirect/acc2= 5794-185b-4c58-a311-caeb53c58ed7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] users $1.1M with surplus food deals from 1,000+= partners and targets 6,000 stores plus new categories. =F0=9F=87=BA=F0=9F=87=BE Uruguay =F0=9F=87=BA=F0=9F=87=BE FoodRise, backed by BID Lab and Eatable Adventures= , launches [ https://substack.com/redirect/84b4c45e-75b1-40f6-8616-5445337f= f3bf?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] = in Uruguay as a LatAm agrifood tech hub for =F0=9F=87=A6=F0=9F=87=B7=F0=9F= =87=BA=F0=9F=87=BE=F0=9F=87=B5=F0=9F=87=BE=F0=9F=87=A8=F0=9F=87=B1 to boost= innovation and food security. =F0=9F=8C=8E Other LatAm News =F0=9F=87=AC=F0=9F=87=B9=F0=9F=92=B3 ZIGI and Mastercard launch [ https://s= ubstack.com/redirect/e506a423-6d62-4e4d-99ec-8e791655fa3a?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a no-fee debit card in= Guatemala, offering cashback, security, and easy access for everyday digit= al payments. =F0=9F=8C=8E=F0=9F=A4=9D=F0=9F=92=B3 Alegra.com and Visa join forces [ http= s://substack.com/redirect/4681c47e-aa63-444d-8d67-264f97f5a667?j=3DeyJ1Ijoi= M2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to offer AI-power= ed digital tools to SMEs in =F0=9F=87=A8=F0=9F=87=B4 =F0=9F=87=B2=F0=9F=87= =BD =F0=9F=87=A9=F0=9F=87=B4 =F0=9F=87=A8=F0=9F=87=B7=E2=80=94with exclusiv= e perks for Visa Negocios cardholders. Big company & policy news =F0=9F=92=A1 =F0=9F=93=89=F0=9F=87=A6=F0=9F=87=B7 Argentina's stock market posts [ https= ://substack.com/redirect/b562dcea-3b4d-490d-bd6a-646da0e483dd?j=3DeyJ1IjoiM= 2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] worst global perfo= rmance in 2025, down -29.4%, driven by political and economic turmoil. =F0=9F=87=A7=F0=9F=87=B7 Vale finalizes [ https://substack.com/redirect/72c= 6da86-8412-4bda-990f-50c130ff4f78?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $1B joint venture with GIP in Alian=C3=A7a Ene= rgia, retaining 30% stake; deal supports debt reduction and reinforces 100%= renewable energy matrix in Brazil. =F0=9F=87=A7=F0=9F=87=B7=F0=9F=87=BA=F0=9F=87=B8 Mercado Bitcoin issues [ h= ttps://substack.com/redirect/e1cde4b6-6363-4b28-9f79-59b724c172cc?j=3DeyJ1I= joiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $200M in token= ized assets on Stellar, bridging =F0=9F=87=A7=F0=9F=87=B7 traditional finan= ce with =F0=9F=87=BA=F0=9F=87=B8 blockchain tech across LatAm. Interesting reads =F0=9F=92=A1 =F0=9F=87=AA=F0=9F=87=B8 Jorge Galindo (ex-47Degrees) wrote [ https://subst= ack.com/redirect/ab881d5d-5f8b-4d51-b2a4-d7b0f83c21e4?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CWhy It=E2=80=99s = Easier Than Ever to Build Digital Products=E2=80=9D Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFM05EQXpOVGMyT1N3aWFXRjBJam94TnpVN= E5UTTVNek0yTENKbGVIQWlPakUzT1RBd056VXpNellzSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC41Ni1abUZBWUNzczllUERKcVY4WlUtQnR= JdENJdllxdUdVa2RqeW5oNE5RIiwicCI6MTc0MDM1NzY5LCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzU4NTM5MzM2LCJleHAiOjIwNzQxMTUzMzYsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.4iXpUZFpWzl4Mn0GaJs4RZl3IXWnatcStVgudnX= 6RXY? --8b21a3f36224f7d1ff80c2a568991e95c55a3ded6b2dc6ba3d8518bef000 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #52: A5X = raises $37.5M. Mercado Pago buys Nikos DTVM. Cocos acquires Banco Voii.</ti= tle><style> @media (max-width: 1024px) { .typography .pullquote-align-left, .typography.editor .pullquote-align-left, .typography .pullquote-align-right, .typography.editor .pullquote-align-right, .typography .pullquote-align-wide, .typography.editor .pullquote-align-wide, .typography .pullquote-align-center, .typography.editor .pullquote-align-center { float: none; margin: 0 auto; width: 100%; max-width: 100%; } } @media all and (-ms-high-contrast: none), (-ms-high-contrast: active) { .typography .markup table.image-wrapper img, .typography.editor .markup table.image-wrapper img, .typography .markup table.kindle-wrapper img, .typography.editor .markup table.kindle-wrapper img { max-width: 550px; } } @media (min-width: 1024px) { .typography:not(:has(#toc)) .captioned-image-container figure:has(> a.ima= ge2-offset-left), .typography.editor:not(:has(#toc)) .captioned-image-container figure:has(= > a.image2-offset-left) { margin-left: 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.audio-player-wrapper-fancy .audio-player .btn-group .button:last-of-type= { display: block; } } @media (min-width: 300px) { .audio-player-wrapper-fancy .audio-player .btn-group { display: block; } .audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-typ= e { display: block; } } @media (min-width: 350px) { .audio-player-wrapper-fancy .audio-player .audio-player-substack-logo { display: block; } .audio-player-wrapper-fancy .audio-player .audio-player-title { margin-top: 16px; } .audio-player-wrapper-fancy .audio-player .audio-player-hero-image-contai= ner { padding-top: 15%; width: 15%; display: block; } .audio-player-wrapper-fancy .audio-player .btn-group .button:first-of-typ= e { display: block; } .audio-player-wrapper-fancy .audio-player .audio-player-substack-logo { display: block; } } @media (min-width: 350px) { .audio-player-wrapper-fancy .audio-player .audio-player-hero-image-contai= ner { padding-top: 25%; width: 25%; display: block; } .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=3DeyJtIjoiPDIwMjUwOTIyMTEwMzU5LjMuNTFjMGU1YWQyOTAxZThiNEBtZy1kMC5zdWJ= zdGFjay5jb20-IiwidSI6MjA5MDE3NDI2LCJyIjoic3Vic0BlbWFpbHNob3QuaW8iLCJkIjoibW= ctZDAuc3Vic3RhY2suY29tIiwicCI6MTc0MDM1NzY5LCJ0IjoibmV3c2xldHRlciIsImEiOiJld= mVyeW9uZSIsInMiOjQ1MTg5NCwiYyI6InBvc3QiLCJmIjp0cnVlLCJwb3NpdGlvbiI6InRvcCIs= ImlhdCI6MTc1ODUzOTMzNywiZXhwIjoxNzYxMTMxMzM3LCJpc3MiOiJwdWItMCIsInN1YiI6ImV= vIn0.Pnu6qmToJua_mOlUyRXZZjjIoXXaOz5nUDhk2DnGA1w" 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 52nd 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= Zmxvdy1sYXRhbS01Mi1hNXgtcmFpc2VzLTM3NW0iLCJwIjoxNzQwMzU3NjksInMiOjQ1MTg5NCw= iZiI6dHJ1ZSwidSI6MjA5MDE3NDI2LCJpYXQiOjE3NTg1MzkzMzYsImV4cCI6MjA3NDExNTMzNi= wiaXNzIjoicHViLTAiLCJzdWIiOiJsaW5rLXJlZGlyZWN0In0.Uww6VKkMaxB_h_kjRwlFN7aa7= JREibM5jFHyD9QCC_E?" style=3D"list-style: none;color: unset;text-decoration= : unset;margin: 0;-webkit-text-decoration-line: underline;text-decoration-l= ine: underline;">Subscribe here</a> for more</span></div></span></td></tr><= /tbody></table></td></tr></tbody></table><table class=3D"header graphic-hea= der" 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/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2xh= dGFtLnN1YnN0YWNrLmNvbS9wL2RlYWxmbG93LWxhdGFtLTUyLWE1eC1yYWlzZXMtMzc1bT91dG1= fY2FtcGFpZ249ZW1haWwtaGFsZi1wb3N0JnI9M2dmeXZtJnRva2VuPWV5SjFjMlZ5WDJsa0lqb3= lNRGt3TVRjME1qWXNJbkJ2YzNSZmFXUWlPakUzTkRBek5UYzJPU3dpYVdGMElqb3hOelU0TlRNN= U16TTJMQ0psZUhBaU9qRTNOakV4TXpFek16WXNJbWx6Y3lJNkluQjFZaTAwTlRFNE9UUWlMQ0p6= ZFdJaU9pSndiM04wTFhKbFlXTjBhVzl1SW4wLlNJZFotdl9Lc09NTTBuNHdMV1VTemNON3VzVFU= 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class=3D"post-title p= ublished title-X77sOw" dir=3D"auto" style=3D"direction: auto;text-align: st= art;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',= '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: 0;= line-height: 36px;font-size: 32px;"><a href=3D"https://substack.com/app-lin= k/post?publication_id=3D451894&post_id=3D174035769&utm_source=3Dpost-email-= title&utm_campaign=3Demail-post-title&isFreemail=3Dtrue&r=3D3gfyvm&token=3D= eyJ1c2VyX2lkIjoyMDkwMTc0MjYsInBvc3RfaWQiOjE3NDAzNTc2OSwiaWF0IjoxNzU4NTM5MzM= 2LCJleHAiOjE3NjExMzEzMzYsImlzcyI6InB1Yi00NTE4OTQiLCJzdWIiOiJwb3N0LXJlYWN0aW= 9uIn0.SIdZ-v_KsOMM0n4wLWUSzcN7usTU6iVWhDyTXH_GjGY" style=3D"color: rgb(54,5= 5,55);text-decoration: none;">Dealflow LatAm #52: A5X raises $37.5M. Mercad= o Pago buys Nikos DTVM. Cocos acquires Banco Voii.</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 52nd = 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" cellpadding=3D"0" cellspacing=3D"0" style=3D"margin: = 1em 0;height: 20px;align-items: center;"><tbody><tr><td class=3D"post-meta-= item post-date" title=3D"2025-09-22T11:06:55.533Z" style=3D"position: relat= ive;padding: 0px 12px 0px 0;height: 14px;font-size: 14px;font-family: syste= m-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,san= s-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';color: #7777= 77;text-decoration: none;margin-right: 0;padding-right: 0;white-space: nowr= ap;font-weight: 400;padding-top: 0;padding-bottom: 0;"><div class=3D"pencra= ft pc-reset color-secondary-ls1g8s line-height-20-t4M0El font-meta-MWBumP s= ize-11-NuY2Zx weight-medium-fw81nC transform-uppercase-yKDgcq reset-IxiVJZ = meta-EgzBVA" style=3D"list-style: none;font-size: 11px;line-height: 20px;te= xt-decoration: unset;color: rgb(119,119,119);margin: 0;font-family: 'SF Com= pact',-apple-system,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',R= oboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Sego= e UI Symbol';font-weight: 500;text-transform: uppercase;letter-spacing: .2p= x;"><time datetime=3D"2025-09-22T11:06:55.533Z">Sep 22</time></div></td></t= r></tbody></table><table class=3D"email-ufi-2-top" role=3D"presentation" wi= dth=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=3D"bord= er-top: 1px solid rgb(0,0,0,.1);border-bottom: 1px solid rgb(0,0,0,.1);min-= width: 100%;"><tbody><tr height=3D"16"><td height=3D"16" style=3D"font-size= :0px;line-height:0;"> </td></tr><tr><td><table role=3D"presentation" w= idth=3D"100%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><= td><table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"= 0" cellpadding=3D"0"><tbody><tr><td style=3D"vertical-align:middle;"><table= role=3D"presentation" width=3D"38" border=3D"0" cellspacing=3D"0" cellpadd= ing=3D"0"><tbody><tr><td align=3D"center"><a class=3D"email-icon-button" hr= ef=3D"https://substack.com/app-link/post?publication_id=3D451894&post_id=3D= 174035769&utm_source=3Dsubstack&isFreemail=3Dtrue&submitLike=3Dtrue&token= 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dding: 9px 14px;text-decoration: none;color: rgb(119,119,119);"><div class= =3D"email-button-spacer" style=3D"font-size: 16px;line-height: 26px;display= : inline-block;vertical-align: middle;max-width: 0;min-height: 18px;"></div= ><span class=3D"email-button-text" style=3D"vertical-align: middle;margin-r= ight: 4px">READ IN APP</span><img class=3D"icon text-icon" src=3D"https://s= ubstackcdn.com/image/fetch/$s_!ET-_!,w_36,c_scale,f_png,q_auto:good,fl_prog= ressive:steep/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideArrowUpRight%3Fv%3D= 4%26height%3D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" wid= th=3D"18" height=3D"18" style=3D"min-width: 18px;min-height: 18px;border: n= one;vertical-align: middle;margin-right: 0;margin-left: 0;max-width: 18px" = alt=3D""></a></td></tr></tbody></table></td></tr></tbody></table></td></tr>= </tbody></table></td></tr><tr height=3D"16"><td height=3D"16" style=3D"font= -size:0px;line-height:0;"> </td></tr></tbody></table></div></div><div = class=3D"post typography" dir=3D"auto" style=3D"--image-offset-margin: -120= px;padding: 32px 0 0 0;font-size: 16px;line-height: 26px;"><div class=3D"bo= dy markup" dir=3D"auto" style=3D"text-align: initial;font-size: 16px;line-h= eight: 26px;width: 100%;word-break: break-word;margin-bottom: 16px;font-fam= ily: 'SF Pro Display', -apple-system, system-ui, BlinkMacSystemFont, 'Inter= ', 'Segoe UI', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', '= Segoe UI Emoji', 'Segoe UI Symbol';font-weight: 400;"><p style=3D"margin: 0= 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;margin-top= : 0;"><span>Hey, it’s </span><strong><a href=3D"https://substack.com/= redirect/9ed5a970-8fdd-4813-bd35-a64bbd93d4c8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,= 55);text-decoration: underline;">Yoel</a></strong><span> 👋 Back aga= in with the 52nd edition of </span><strong>Dealflow LatAm</strong><span>= 212;your go-to source for all the deals, moves, and momentum in the region&= #8217;s startup scene.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(= 54,55,55);line-height: 26px;font-size: 16px;"><strong>Capital is accelerati= ng, innovation is scaling</strong><span>, and LatAm’s startup ecosyst= em is moving at full speed. From </span><strong>fintech mega-deals</strong>= <span> to </span><strong>cross-border acquisitions</strong><span> and </spa= n><strong>AI breakthroughs</strong><span>.</span></p><p style=3D"margin: 0 = 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><strong>P= lenty to break down</strong><span>—so let’s get into it ㉀= 0;</span></p><div class=3D"subscribe-widget is-signed-up is-fully-subscribe= d" data-component-name=3D"SubscribeWidget" style=3D"margin: 0 0 1em;directi= on: ltr;font-size: 16px;line-height: 26px;"><div class=3D"pencraft pc-reset= button-wrapper" style=3D"text-decoration: unset;list-style: none;font-size= : 16px;line-height: 26px;text-align: center;cursor: pointer;border-radius: = 4px;"><a class=3D"button subscribe-btn outline" href=3D"https://substack.co= m/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2xhdGFtLnN1YnN0YWNrLmNvbS9hY2NvdW= 50IiwicCI6MTc0MDM1NzY5LCJzIjo0NTE4OTQsImYiOnRydWUsInUiOjIwOTAxNzQyNiwiaWF0I= joxNzU4NTM5MzM2LCJleHAiOjIwNzQxMTUzMzYsImlzcyI6InB1Yi0wIiwic3ViIjoibGluay1y= ZWRpcmVjdCJ9.gTqpuuH3LGuYvxfPYB-0MZqROt2dgXv-qtbzWbTH_rw?" style=3D"font-fa= mily: system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetic= a,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';d= isplay: inline-block;box-sizing: border-box;cursor: pointer;border-radius: = 8px;font-size: 14px;line-height: 20px;font-weight: 600;text-align: center;b= ackground-color: transparent;opacity: 1;outline: none;white-space: nowrap;t= ext-decoration: none !important;border: 1px solid #f1d3b6;margin: 0 auto;ba= ckground: transparent;color: #f1d3b6;padding: 12px 20px;height: auto;"><img= class=3D"check-icon static" src=3D"https://substackcdn.com/image/fetch/$s_= !nJ8K!,w_40,c_scale,f_png,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsu= bstack.com%2Ficon%2FLucideCheck%3Fv%3D4%26height%3D40%26fill%3Dtransparent%= 26stroke%3D%2523f1d3b6%26strokeWidth%3D3.6" width=3D"20" height=3D"20" styl= e=3D"border: none;vertical-align: middle;-ms-interpolation-mode: bicubic;he= ight: auto;display: inline-block;margin: -2px 8px 0 0;max-width: 20px" alt= =3D""><span style=3D"text-decoration: none;">Subscribed</span></a></div></d= iv><div style=3D"font-size: 16px;line-height: 26px;"><hr style=3D"margin: 3= 2px 0;padding: 0;height: 1px;background: #e6e1dd;border: none;"></div><p st= yle=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size:= 16px;"><span>This week’s newsletter is sponsored by </span><strong><= a href=3D"https://substack.com/redirect/3b7e192b-4c8d-44c7-aaf9-ace7e6b40df= 9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">Cubbo</a><= /strong><span>:</span></p><div class=3D"captioned-image-container-static" s= tyle=3D"font-size: 16px;line-height: 26px;margin: 32px auto;"><figure style= =3D"width: 100%;margin: 0 auto;"><table class=3D"image-wrapper" width=3D"10= 0%" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D= "Image2ToDOMStatic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td = style=3D"text-align: center;"></td><td class=3D"content" align=3D"left" wid= th=3D"1456" style=3D"text-align: center;"><a class=3D"image-link" target=3D= "_blank" href=3D"https://substack.com/redirect/5469c5bd-9740-4af1-9146-d2bb= bd70fc6f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24= U" rel=3D"" style=3D"position: relative;flex-direction: column;align-items:= center;padding: 0;width: auto;height: auto;border: none;text-decoration: n= one;display: block;margin: 0;"><img class=3D"wide-image" data-attrs=3D"{&qu= ot;src":"https://substack-post-media.s3.amazonaws.com/public/imag= es/8157c70b-192e-439f-bfef-cd286fdedc94_1772x758.png","srcNoWater= mark":null,"fullscreen":null,"imageSize":null,&quo= t;height":623,"width":1456,"resizeWidth":null,&quo= t;bytes":278586,"alt":null,"title":null,"type= ":"image/png","href":"https://www.cubbo.com/e= n","belowTheFold":false,"topImage":true,"inte= rnalRedirect":"https://dealflowlatam.substack.com/i/174035769?img= =3Dhttps%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8= 157c70b-192e-439f-bfef-cd286fdedc94_1772x758.png","isProcessing&q= uot;:false,"align":null,"offset":false}" alt=3D"" width= =3D"550" height=3D"235.33653846153845" src=3D"https://substackcdn.com/image= /fetch/$s_!NWlE!,w_1100,c_limit,f_auto,q_auto:good,fl_progressive:steep/htt= ps%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F8157c70= b-192e-439f-bfef-cd286fdedc94_1772x758.png" style=3D"border: none !importan= t;vertical-align: middle;display: block;-ms-interpolation-mode: bicubic;hei= ght: auto;margin-bottom: 0;width: auto !important;max-width: 100% !importan= t;margin: 0 auto;"></a></td><td style=3D"text-align: center;"></td></tr></t= body></table></figure></div><blockquote style=3D"border-left: 4px solid #f1= d3b6;margin: 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</stro= ng><span>, managing storage, inventory, and distribution for leading retail= ers and fintech companies like Natura, Pepsico, Plata Card, L'oreal or Reck= itt.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);margin-l= eft: 20px;line-height: 26px;font-size: 16px;">We process over 500,000 order= s and 5 million items monthly with proprietary technology that ensures spee= d, reliability, and cost control. The company generates over $35M in annual= revenue with profitable operations and expanding EBITDA margins.</p><p sty= le=3D"margin: 0 0 20px 0;color: rgb(54,55,55);margin-left: 20px;line-height= : 26px;font-size: 16px;"><strong>Increase your sales by delivering orders w= ith the same experience as Amazon and Mercado Libre</strong></p></blockquot= e><p class=3D"button-wrapper" data-attrs=3D"{"url":"https://= www.cubbo.com/en","text":"Talk to Cubbo","act= ion":null,"class":null}" data-component-name=3D"ButtonCreate= Button" style=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"button primary" href=3D"https://substack.com/redirect/5469c5bd-974= 0-4af1-9146-d2bbbd70fc6f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_j= CfgM3m0rbAsF0l24U" rel=3D"" style=3D"font-family: system-ui,-apple-system,B= linkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color= Emoji','Segoe UI Emoji','Segoe UI Symbol';display: inline-block;box-sizing= : border-box;cursor: pointer;border: none;border-radius: 8px;font-size: 14p= x;line-height: 20px;font-weight: 600;text-align: center;margin: 0;opacity: = 1;outline: none;white-space: nowrap;color: #363737 !important;text-decorati= on: none !important;background-color: #f1d3b6;padding: 12px 20px;height: au= to;"><span style=3D"color: #363737;text-decoration: none;">Talk to Cubbo</s= pan></a></p><div style=3D"font-size: 16px;line-height: 26px;"><hr style=3D"= margin: 32px 0;padding: 0;height: 1px;background: #e6e1dd;border: none;"></= div><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;f= ont-size: 16px;"><em>👉🏼 If you’re interested in spons= orship opportunities, please reach out to yoel@dealflow.es</em></p><h1 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: 2em= ;">Startup funding news 💸</h1><h4 class=3D"header-anchor-post"= style=3D"position: relative;font-family: 'SF Pro Display',-apple-system-he= adline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helveti= ca,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';= font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothi= ng: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: opt= imizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;colo= r: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;"><strong>Rounds of= $10M+:</strong></h4><ul style=3D"margin-top: 0;padding: 0;"><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= >A5X</strong><span> </span><a href=3D"https://substack.com/redirect/fabb72f= 4-563f-4d98-a581-0554a3675066?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decorat= ion: underline;">raises</a><span> $37.5M in Series C to meet regulatory cap= ital requirements and fund operations. The round was backed by its existing= investors.</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>Arvo</strong><span> </span><a hre= f=3D"https://substack.com/redirect/5cd1a1d5-6252-4682-9d8f-3f013a04f671?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">raises</a><spa= n> $19.8M in Series A to expand its AI-driven health payment platform. The = round was led by </span><strong>Kaszek</strong><span> and </span><strong>Ba= se10 Partners</strong><span>, with </span><strong>Canary</strong><span> and= </span><strong>K50 Ventures</strong><span> participating.</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>🇵🇹&#= 127463;🇷 </span><strong>Nutrium</strong><span> </span><a href=3D"ht= tps://substack.com/redirect/26a48855-fe02-460f-bce7-b83b6642477a?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">raises</a><span> $12M= in Series A to expand its corporate nutrition platform in Brazil. The roun= d was led by </span><strong>Vesalius Biocapital</strong><span>, with </span= ><strong>Lince Capital</strong><span>, </span><strong>Indico Capital Partne= rs</strong><span>, and </span><strong>Beta Capital</strong><span> participa= ting.</span></p></li></ul><h4 class=3D"header-anchor-post" style=3D"positio= n: relative;font-family: 'SF Pro Display',-apple-system-headline,system-ui,= -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-ser= if,'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-appearance: optimizelegibility;a= ppearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);= line-height: 1.16em;font-size: 1.125em;"><strong>Rounds $1M to $10M:</stron= g></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-he= ight: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-s= ize: 16px;margin: 0;"><span>🇧🇷 </span><strong>INFLEET</stro= ng><span> </span><a href=3D"https://substack.com/redirect/4ff5fb45-285b-4cb= e-b4e2-3b2f6d37bf5a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3= m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: under= line;">raises</a><span> $7.5M in Series A to scale its AI-driven “Int= elligent Copilot” for fleet operations. The round was led by </span><= strong>Canary</strong><span>, </span><strong>Indicator</strong><span>, and = </span><strong>Citrino Ventures</strong><span>, with </span><strong>DOMO.VC= </strong><span>, </span><strong>Scale-Up Endeavor</strong><span>, and </spa= n><strong>BluStone</strong><span> also participating.</span></p></li><li st= yle=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;pa= dding-left: 4px;font-size: 16px;margin: 0;"><span>🇧🇷 </span= ><strong>CUB</strong><span> </span><a href=3D"https://substack.com/redirect= /5542a737-410c-4984-9e99-7abf7b0f5af4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text= -decoration: underline;">raises</a><span> $5.5M in Series A to scale its re= ceivables management platform for real estate. The round was led by </span>= <strong>Alexia Ventures</strong><span> and </span><strong>Upload Ventures</= 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>Layers</strong><span> </span><= a href=3D"https://substack.com/redirect/72437e2b-1c5c-46b0-9cc0-76dbf181905= 8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">raises</a>= <span> $3.9M in a pre-Series A to scale its education SuperApp across LatAm= =2E The round was led by </span><strong= >Constellation CSI</strong><span>.</sp= an></p></li></ul><h4 class=3D"header-anchor-post" style=3D"position: relati= ve;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-sy= stem,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-ap= pearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance= : optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-heig= ht: 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 32p= x;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>RevisaPrev</stron= g><span> </span><a href=3D"https://substack.com/redirect/67a1c77d-930d-41d1= -965d-5f1a116f760f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m= 0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underl= ine;">raises</a><span> $710K to launch a retirement advance credit solution= =2E The round was led by </span><strong= >Bossa Invest</strong><span> and </spa= n><strong>Domo VC</strong><span>, with angel participation.</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>Olho do Dono</strong><span> </span><a href=3D"https://substa= ck.com/redirect/f626817f-15e0-43c0-9ec8-26bb53d86569?j=3DeyJ1IjoiM2dmeXZtIn= 0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb= (54,55,55);text-decoration: underline;">raises</a><span> $413K to expand di= rect sales of its AI-based cattle weighing tech. The round was led by </spa= n><strong>BR Angels</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);lin= e-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;fo= nt-size: 16px;margin: 0;"><span>🇧🇷 </span><strong>Box 24x7<= /strong><span> </span><a href=3D"https://substack.com/redirect/e7410aa9-6f4= 2-481a-a78a-2f8f1d0638f0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_j= CfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: = underline;">raises</a><span> $206K to expand its product rental app in S= 27;o Paulo. The round was led by </span><strong>Anjos do Brasil</strong><sp= an>, </span><strong>Inova Startups</strong><span>, and angels.</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= 73; </span><strong>Gokei</strong><span> </span><a href=3D"https://substack.= com/redirect/5999ed77-5a63-48be-b4ce-0d0f94e829f6?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54= ,55,55);text-decoration: underline;">raises</a><span> $200K to grow its hea= lth reimbursement platform and expand in LatAm. The round was led by </span= ><strong>Buenaonda</strong><span> with regional angel support.</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>Chefia</strong><span> </span><a href=3D"https://substack= =2Ecom/redirect/790c3336-42b1-4d1d-9e6= f-b680c4805ac7?j=3DeyJ1IjoiM2dmeXZtIn0.= xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(5= 4,55,55);text-decoration: underline;">raises</a><span> $187K to scale its c= ontent and benefits platform for restaurant owners. The round was led by </= span><strong>Investidores.vc</strong><span> with </span><strong>Anjos do Br= asil</strong><span> participating.</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>NoLimit</s= trong><span> </span><a href=3D"https://substack.com/redirect/81904d4a-c12a-= 45f0-b537-fc98f25bdb05?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCf= gM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: un= derline;">raises</a><span> $150K to develop smart shorts that help athletes= prevent injuries. The round was led by </span><strong>Strive</strong><span= > to fund its first prototype and U.S. launch.</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-l= eft: 4px;font-size: 16px;margin: 0;"><span>🇧🇷 </span><stron= g>Indicium</strong><span> </span><a href=3D"https://substack.com/redirect/2= d11a8d7-d575-45ec-8878-d057e8528bfb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-d= ecoration: underline;">receives</a><span> investment from </span><strong>Da= tabricks Ventures</strong><span> to expand their AI partnership. It's Datab= ricks' first LatAm investment.</span></p></li><li style=3D"margin: 8px 0 0 = 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,55,55);line-hei= ght: 26px;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-si= ze: 16px;margin: 0;"><span>🇧🇷 </span><strong>Joinin</strong= ><span> </span><a href=3D"https://substack.com/redirect/2ccee00a-1ea8-467f-= 8be7-4b3a774aebad?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0= rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underli= ne;">receives</a><span> its first investment from </span><strong>Parceiro V= entures</strong><span> to accelerate HR platform expansion in Brazil and La= tAm. Deal value was not disclosed.</span></p></li></ul><h1 class=3D"header-= anchor-post" style=3D"position: relative;font-family: 'SF Pro Display',-app= le-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Ro= boto,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-app= earance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.= 625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 2em;">M&A t= ransactions 🎊</h1><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,5= 5);line-height: 26px;font-size: 16px;"><span>🇦🇷🤝= 27463;🇷 </span><strong>Mercado Pago</strong><span> </span><a href= =3D"https://substack.com/redirect/4f72ac78-9d8f-45ce-83c2-f5be26b78254?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" s= tyle=3D"color: rgb(54,55,55);text-decoration: underline;">acquires</a><span= > Brazil’s </span><strong>Nikos DTVM</strong><span> to expand its inv= estment offerings in its largest market.</span></p><p style=3D"margin: 0 0 = 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>= 462;🇷 </span><strong>Cocos</strong><span> </span><a href=3D"https:/= /substack.com/redirect/281a2d91-c314-4892-8a9c-2f2ec6afec55?j=3DeyJ1IjoiM2d= meXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"col= or: rgb(54,55,55);text-decoration: underline;">acquires</a><span> </span><s= trong>Banco Voii</strong><span> to launch full banking services and expand = to Mexico. The fintech manages </span><strong>$1.5B AUM</strong><span> and = projects </span><strong>$60–70M revenue in 2025</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>Klar</strong><spa= n> </span><a href=3D"https://substack.com/redirect/b6e85a40-bb52-44d6-bcee-= 2fc2ac50df54?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF= 0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">= acquires</a><span> </span><strong>Bineo</strong><span> for $100M to obtain = a banking license and accelerate its growth in Mexico. The move positions <= /span><strong>Klar</strong><span> as a regulated neobank and strengthens it= s fintech leadership.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(5= 4,55,55);line-height: 26px;font-size: 16px;"><strong>🇧🇷 Gru= po Alun</strong><span> </span><a href=3D"https://substack.com/redirect/f467= e4e7-ebd1-43fd-a7ac-72f0d2297b78?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-deco= ration: underline;">acquires</a><span> </span><strong>StartSe</strong><span= > to expand into executive education. The deal, valuing </span><strong>Star= tSe</strong><span> at up to $100M, aims to help Alun reach $1B in revenue b= y 2026.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-= height: 26px;font-size: 16px;"><span>🇧🇷 </span><strong>Desk= bee</strong><span> </span><a href=3D"https://substack.com/redirect/63a5f7e5= -fd8e-4e88-88e4-991ade976413?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN= 48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decorati= on: underline;">acquires</a><span> </span><strong>Bynd</strong><span> to ad= d corporate mobility to its workplace management platform. The deal include= s full acquisition and investor buyout, with </span><strong>Bynd</strong><s= pan>'s founder joining </span><strong>Deskbee</strong><span> as CXO.</span>= </p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;f= ont-size: 16px;"><span>🇧🇷 </span><strong>Natura</strong><sp= an> </span><a href=3D"https://substack.com/redirect/9f9cde4a-bde6-4054-8de5= -e0297a1a7539?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAs= F0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;"= >signs</a><span> deal to sell </span><strong>Avon International</strong><sp= an> to holding </span><strong>Regent</strong><span>, excluding Latin Americ= a and Russia. The move sharpens Natura’s focus on growth in the LatAm= market.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line= -height: 26px;font-size: 16px;"><span>🇧🇷 </span><strong>Eco= nomista Sincero</strong><span> </span><a href=3D"https://substack.com/redir= ect/0e21f4cf-c428-4012-979b-d3a924fcf50b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);t= ext-decoration: underline;">acquires</a><span> </span><strong>Ticker Wealth= </strong><span> to double AUM and lead its expansion with a focus on tech a= nd internationalization.</span></p><p style=3D"margin: 0 0 20px 0;color: rg= b(54,55,55);line-height: 26px;font-size: 16px;"><span>🇧🇷 </= span><strong>Bionexo</strong><span> </span><a href=3D"https://substack.com/= redirect/0ed19bba-aafb-4567-a589-2fe060dd291b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,= 55);text-decoration: underline;">acquires</a><span> healthtech automation p= rovider </span><strong>Overmind</strong><span>, expanding its SaaS offering= s in health management.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb= (54,55,55);line-height: 26px;font-size: 16px;"><span>🇧🇷 = 9309;🇺🇸 </span><strong>Unico</strong><span> </span><a href= =3D"https://substack.com/redirect/12be4d2c-e33f-4d84-872d-19bdff4a735e?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" s= tyle=3D"color: rgb(54,55,55);text-decoration: underline;">acquires</a><span= > </span><strong>OwnID</strong><span> to boost global identity verification= and fight </span><strong>deepfakes</strong><span> with passwordless tech a= nd R&D hub in </span><strong>Israel</strong><span>.</span></p><p style= =3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16= px;"><span>🇺🇸🤝🇦🇷 </span><strong>Met= Life</strong><span> </span><a href=3D"https://substack.com/redirect/461cd10= 2-67a3-4a02-95bb-6fc5c75e38d8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decorat= ion: underline;">acquires</a><span> </span><strong>20% of Klimber</strong><= span>, fueling insurtech growth to reach </span><strong>50M clients in LatA= m</strong><span> and boost insurance access.</span></p><h1 class=3D"header-= anchor-post" style=3D"position: relative;font-family: 'SF Pro Display',-app= le-system-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Ro= boto,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-app= earance: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.= 625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 2em;">Investor = & accelerator news 🚀</h1><p style=3D"margin: 0 0 20px 0;color: = rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>🇦🇷 = </span><strong>ARCAP</strong><span> reports Argentina’s VC ecosystem = </span><a href=3D"https://substack.com/redirect/3c2260be-0144-41d6-bd15-d02= 92a9067b6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l2= 4U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">has= invested</a><span> </span><strong>$2.5B in 1,400 startups</strong><span> s= ince 2016, with blockchain emerging as key infrastructure. Investments are = diversifying beyond Buenos Aires and into sectors like fintech, biotech, an= d energy.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);lin= e-height: 26px;font-size: 16px;"><span>🇲🇽 </span><strong>Ph= ilips Foundation</strong><span> </span><a href=3D"https://substack.com/redi= rect/1292be0b-d9e6-46de-922a-79ac17ad43b6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);= text-decoration: underline;">invests</a><span> </span><strong>$2M</strong><= span> to boost healthcare in Mexico via </span><strong>Mamotest</strong><sp= an> and </span><strong>Diagnostikare</strong><span>, enhancing early detect= ion and digital access to care.</span></p><h4 class=3D"header-anchor-post" = style=3D"position: relative;font-family: 'SF Pro Display',-apple-system-hea= dline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetic= a,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';f= ont-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothin= g: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: opti= mizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color= : rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">Opportunities &= ; Deadlines 👀</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>Inspira.TECH Fest 2025</strong><span> </span><a href=3D"https://subst= ack.com/redirect/091170c1-80ca-4447-a09d-05761c5080ff?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rg= b(54,55,55);text-decoration: underline;">lands</a><span> in Lima on </span>= <strong>September 24</strong><span>, uniting tech, education, and finance f= or its biggest edition yet.</span></p></li><li style=3D"margin: 8px 0 0 32p= x;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>L’Oréa= l & Cambridge</strong><span> </span><a href=3D"https://substack.com/red= irect/305401fc-b49e-4920-8ec8-978b67314603?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55)= ;text-decoration: underline;">open</a><span> global accelerator for sustain= able startups with mentoring, certification & investment links; apply b= y </span><strong>Oct 15</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: 4p= x;font-size: 16px;margin: 0;"><span>🇨🇱 </span><strong>inDri= ve</strong><span> </span><a href=3D"https://substack.com/redirect/b4b62e57-= b96f-4386-8282-81920677840d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN4= 8_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoratio= n: underline;">launches</a><span> 2026 </span><strong>Aurora Tech Award</st= rong><span> in Chile to empower women-led tech startups with up to $50K</sp= an><strong> </strong><span>in prizes; apply by </span><strong>Nov 12</stron= g><span>.</span></p></li></ul><h1 class=3D"header-anchor-post" style=3D"pos= ition: 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;-moz-osx-font-smoothing: antialias= ed;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibili= ty;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,= 55);line-height: 1.16em;font-size: 2em;">Startup news 💡</h1><h4 cla= ss=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,Arial,sans-serif,'Apple Color Emoji','Segoe UI = Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: antialia= sed;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizelegibi= lity;-moz-appearance: optimizelegibility;appearance: optimizelegibility;mar= gin: 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-format: bullet;"><p sty= le=3D"color: rgb(54,55,55);line-height: 26px;margin-bottom: 0;box-sizing: b= order-box;padding-left: 4px;font-size: 16px;margin: 0;"><span>🇦 = 7479; </span><strong>Malevo</strong><span> and </span><strong>Nera</strong>= <span> now </span><a href=3D"https://substack.com/redirect/cc46439e-151a-48= e9-92f2-ee6bfe79d3e5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM= 3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: unde= rline;">enable</a><span> farmers to finance sowing, harvesting & sprayi= ng via digital credit tools.</span></p></li></ul><h4 class=3D"header-anchor= -post" style=3D"position: relative;font-family: 'SF Pro Display',-apple-sys= tem-headline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,H= elvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Sy= mbol';font-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-s= moothing: antialiased;-webkit-appearance: optimizelegibility;-moz-appearanc= e: optimizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em = 0;color: rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">🇧&#= 127479; Brazil</h4><ul style=3D"margin-top: 0;padding: 0;"><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>🇧🇷 Brazilian startu= ps </span><a href=3D"https://substack.com/redirect/44d99096-45f6-41fc-a656-= e524dfe2f0fa?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF= 0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">= raised</a><span> </span><strong>$349M</strong><span> in August — down= </span><strong>24% MoM</strong><span>, but up </span><strong>163% YoY</str= ong><span>, with </span><strong>35 deals</strong><span>, per Sling Hub.</sp= an></p></li></ul><h4 class=3D"header-anchor-post" style=3D"position: relati= ve;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-sy= stem,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-ap= pearance: optimizelegibility;-moz-appearance: optimizelegibility;appearance= : optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-heig= ht: 1.16em;font-size: 1.125em;">🇨🇱 Chile</h4><ul style=3D"m= argin-top: 0;padding: 0;"><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>Avenue = Securities</strong><span> </span><a href=3D"https://substack.com/redirect/c= 9506ca2-5878-451a-8ace-eaa27d9a2a6b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-d= ecoration: underline;">launches</a><span> in Chile via partnership with </s= pan><strong>Banco Itaú Chile</strong><span> to offer US investment pro= ducts and advisory.</span></p></li></ul><h4 class=3D"header-anchor-post" st= yle=3D"position: relative;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: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing:= antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optimi= zelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: = rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;">🇨🇴 C= olombia</h4><ul style=3D"margin-top: 0;padding: 0;"><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= >Cluvi</strong><span> </span><a href=3D"https://substack.com/redirect/6ec0b= 9ad-1082-48b8-91b8-05d2444d3a00?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decor= ation: underline;">launches</a><span> AI tool </span><strong>Otto</strong><= span> to boost restaurant operations in Colombia, with plans to expand acro= ss LatAm in 2025.</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>Frubana</strong><span> </sp= an><a href=3D"https://substack.com/redirect/9556b4f5-5d04-488c-baf7-f0e8b19= 878a6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" = rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">shuts d= own</a><span> in </span><strong>Brazil</strong><span>, its last market, end= ing operations despite having raised </span><strong>$271M</strong><span> fr= om top investors.</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>ePayco</strong><span> </spa= n><a href=3D"https://substack.com/redirect/5cd2ba1e-24cf-4639-963d-d8429f68= f248?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" r= el=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">launches= </a><span> </span><em>Suscripciones 2.0</em><span>, enabling Colombian busi= nesses to easily create </span><strong>subscription payment portals</strong= ><span> without needing technical expertise.</span></p></li><li style=3D"ma= rgin: 8px 0 0 32px;mso-special-format: bullet;"><p style=3D"color: rgb(54,5= 5,55);line-height: 26px;margin-bottom: 0;box-sizing: border-box;padding-lef= t: 4px;font-size: 16px;margin: 0;"><span>🇨🇴 </span><strong>= RapiCredit</strong><span> </span><a href=3D"https://substack.com/redirect/e= 199c23a-9d6f-4a77-bbea-17f411341afa?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-d= ecoration: underline;">launches</a><span> </span><strong>RapiPlazo</strong>= <span>, a 100% online loan tool, offering credits of $77–103</span><s= trong> </strong><span>in 3–4 monthly installments.</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>🇦🇷 = 9309;🇨🇴 </span><strong>Global66</strong><span> </span><a hr= ef=3D"https://substack.com/redirect/f4b91b6b-2dd3-4549-b3de-9dc027547108?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">launches</a><s= pan> a </span><strong>new foreign trade service</strong><span> for Colombia= n companies, aiming to simplify imports and grow in the region.</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>Wallbit</strong><span>, backed by </span><strong>Y Combi= nator</strong><span>, </span><a href=3D"https://substack.com/redirect/d543f= 3e1-c95c-4ee2-b604-721461fee5a8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decor= ation: underline;">enters</a><span> Colombia with </span><strong>USD accoun= ts</strong><span> and a </span><strong>Visa card</strong><span>, targeting = </span><strong>10K clients by 2025</strong><span>.</span></p></li><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>🇺🇸🤝&= #127464;🇴 </span><strong>Mondelēz & Ziro</strong><span> </= span><a href=3D"https://substack.com/redirect/44b62539-e31c-4bb5-aee1-d48af= 9f6ab25?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U= " rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">have = issued</a><span> </span><strong>60K+ interest-free loans</strong><span> to = boost </span><strong>8.5K+ small shops</strong><span> in Colombia, advancin= g inclusive finance.</span></p></li></ul><h4 class=3D"header-anchor-post" s= tyle=3D"position: relative;font-family: 'SF Pro Display',-apple-system-head= line,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica= ,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';fo= nt-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing= : antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: optim= izelegibility;appearance: optimizelegibility;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;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>Tiendanub= e</strong><span> </span><a href=3D"https://substack.com/redirect/9aa9048d-4= 285-4bbc-9f36-e2788fd1fe9c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48= _jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration= : underline;">earns</a><span> </span><strong>“Made in Mexico”</= strong><span> seal after generating </span><strong>$43.5M USD</strong><span= > in impact and boosting </span><strong>SME growth</strong><span> across th= e country.</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>Stori</strong><span> </span><a hre= f=3D"https://substack.com/redirect/c95c4242-0371-452d-ae25-379fd49b54c2?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"= " style=3D"color: rgb(54,55,55);text-decoration: underline;">launches</a><s= pan> </span><strong>“Solicitar Transferencias”</strong><span>, = a feature to securely request money between users—no account numbers = or awkwardness needed.</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: 26p= x;margin-bottom: 0;box-sizing: border-box;padding-left: 4px;font-size: 16px= ;margin: 0;"><span>🇲🇽🇺🇸 </span><strong>Jeev= es</strong><span> </span><a href=3D"https://substack.com/redirect/817c620f-= cd1b-4362-9f62-b1cd51e178d4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN4= 8_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoratio= n: underline;">launches</a><span> stablecoin payments between </span><stron= g>Mexico & U.S.</strong><span>, cutting FX costs by </span><strong>up t= o 80%</strong><span>; </span><strong>Brazil & Colombia</strong><span> n= ext.</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,Arial,sans-seri= f,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;= -webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-w= ebkit-appearance: optimizelegibility;-moz-appearance: optimizelegibility;ap= pearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);l= ine-height: 1.16em;font-size: 1.125em;">🇵🇪 Peru</h4><ul sty= le=3D"margin-top: 0;padding: 0;"><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>Cirkula</strong><span> </sp= an><a href=3D"https://substack.com/redirect/acc25794-185b-4c58-a311-caeb53c= 58ed7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" = rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">saved</= a><span> users </span><strong>$1.1M</strong><span> with surplus food deals = from </span><strong>1,000+ partners</strong><span> and targets </span><stro= ng>6,000 stores</strong><span> plus new categories.</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,BlinkMacSystemF= ont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe= UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-font-smoothing: anti= aliased;-moz-osx-font-smoothing: antialiased;-webkit-appearance: optimizele= gibility;-moz-appearance: optimizelegibility;appearance: optimizelegibility= ;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-height: 1.16em;font-size= : 1.125em;">🇺🇾 Uruguay</h4><ul style=3D"margin-top: 0;paddi= ng: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p s= tyle=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>🇺&#= 127486; </span><strong>FoodRise</strong><span>, backed by BID Lab and </spa= n><strong>Eatable Adventures</strong><span>, </span><a href=3D"https://subs= tack.com/redirect/84b4c45e-75b1-40f6-8616-5445337ff3bf?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: r= gb(54,55,55);text-decoration: underline;">launches</a><span> in Uruguay as = a </span><strong>LatAm agrifood tech hub</strong><span> for 🇦Ӻ= 79;🇺🇾🇵🇾🇨🇱 to boost innovati= on and food security.</span></p></li></ul><h4 class=3D"header-anchor-post" = style=3D"position: relative;font-family: 'SF Pro Display',-apple-system-hea= dline,system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetic= a,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';f= ont-weight: bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothin= g: antialiased;-webkit-appearance: optimizelegibility;-moz-appearance: opti= mizelegibility;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color= : rgb(54,55,55);line-height: 1.16em;font-size: 1.125em;"><strong>🌎 = </strong><span>Other LatAm News</span></h4><ul style=3D"margin-top: 0;paddi= ng: 0;"><li style=3D"margin: 8px 0 0 32px;mso-special-format: bullet;"><p s= tyle=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>🇬&#= 127481;💳 </span><strong>ZIGI</strong><span> and </span><strong>Mast= ercard</strong><span> </span><a href=3D"https://substack.com/redirect/e506a= 423-6d62-4e4d-99ec-8e791655fa3a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decor= ation: underline;">launch</a><span> a </span><strong>no-fee debit card</str= ong><span> in Guatemala, offering cashback, security, and easy access for e= veryday digital payments.</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: 1= 6px;margin: 0;"><span>🌎🤝💳 </span><strong>Alegra.com= </strong><span> and </span><strong>Visa</strong><span> </span><a href=3D"ht= tps://substack.com/redirect/4681c47e-aa63-444d-8d67-264f97f5a667?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style= =3D"color: rgb(54,55,55);text-decoration: underline;">join forces</a><span>= to offer </span><strong>AI-powered digital tools</strong><span> to SMEs in= 🇨🇴 🇲🇽 🇩🇴 🇨🇷= ;—with exclusive perks for Visa Negocios cardholders.</span></p></li>= </ul><h1 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: 2em;">Big company & policy news 💡</h1><p style=3D"mar= gin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><s= pan>📉🇦🇷 </span><strong>Argentina's stock market</st= rong><span> </span><a href=3D"https://substack.com/redirect/b562dcea-3b4d-4= 90d-bd6a-646da0e483dd?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfg= M3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: und= erline;">posts</a><span> </span><strong>worst global performance</strong><s= pan> in 2025, down </span><strong>-29.4%</strong><span>, driven by politica= l and economic turmoil.</span></p><p style=3D"margin: 0 0 20px 0;color: rgb= (54,55,55);line-height: 26px;font-size: 16px;"><span>🇧🇷 </s= pan><strong>Vale</strong><span> </span><a href=3D"https://substack.com/redi= rect/72c6da86-8412-4bda-990f-50c130ff4f78?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);= text-decoration: underline;">finalizes</a><span> $1B joint venture with </s= pan><strong>GIP</strong><span> in </span><strong>Aliança Energia</stro= ng><span>, retaining 30% stake; deal supports debt reduction and reinforces= 100% renewable energy matrix in Brazil.</span></p><p style=3D"margin: 0 0 = 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"><span>= 463;🇷🇺🇸 </span><strong>Mercado Bitcoin</strong><spa= n> </span><a href=3D"https://substack.com/redirect/e1cde4b6-6363-4b28-9f79-= 59b724c172cc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF= 0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">= issues</a><span> </span><strong>$200M</strong><span> in tokenized assets on= </span><strong>Stellar</strong><span>, bridging 🇧🇷 traditi= onal finance with 🇺🇸 blockchain tech across </span><strong>= LatAm</strong><span>.</span></p><h1 class=3D"header-anchor-post" style=3D"p= osition: relative;font-family: 'SF Pro Display',-apple-system-headline,syst= em-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sa= ns-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight= : bold;-webkit-font-smoothing: antialiased;-moz-osx-font-smoothing: antiali= ased;-webkit-appearance: optimizelegibility;-moz-appearance: optimizelegibi= lity;appearance: optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,5= 5,55);line-height: 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;"><strong>🇪🇸 Jorge Galindo</strong><span> (ex-47= Degrees) </span><a href=3D"https://substack.com/redirect/ab881d5d-5f8b-4d51= -b2a4-d7b0f83c21e4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m= 0rbAsF0l24U" rel=3D"" style=3D"color: rgb(54,55,55);text-decoration: underl= ine;">wrote</a><span> “Why It’s Easier Than Ever to Build Digit= al Products”</span></p><div style=3D"font-size: 16px;line-height: 26p= x;"><hr style=3D"margin: 32px 0;padding: 0;height: 1px;background: #e6e1dd;= border: none;"></div><div class=3D"subscription-widget-wrap" style=3D"font-= size: 16px;line-height: 26px;margin-bottom: 0;"><div class=3D"subscription-= widget show-subscribe" style=3D"font-size: 16px;direction: ltr !important;f= ont-weight: 400;text-decoration: none;font-family: system-ui,-apple-system,= BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Colo= r 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: center;padding: 0px 32px;"><div class=3D"preamble" style=3D"mar= gin-top: 16px;font-family: system-ui,-apple-system,BlinkMacSystemFont,'Sego= e UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji= ','Segoe UI Symbol';font-size: 18px;max-width: 384px;width: fit-content;lin= e-height: 22px;display: flex;align-items: center;text-align: center;font-we= ight: 400;margin-left: auto;margin-right: auto;"><p style=3D"margin: 0 0 20= px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">Thanks for re= ading Dealflow LatAm! 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