Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="7bca754d47d419d0418f229ec7fa2456a769d298201a9df162d5b4bb172b" Subject: Dealflow LatAm #41: Klar raises $190M. FiT acquires Neurona. VC funding hits 9-year low. From: Yoel Rodriguez of Dealflow LatAm To: Hidden Recipient Date: Mon, 7 Jul 2025 11:01:04 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: kZpbzNhiVQKSOvMugTzEUVizYO55SgIf9JkTKFi34IfsilkhVp0jppAWM8WOmQXisb88Ipj59Icd1Y7M1rbsFw== --7bca754d47d419d0418f229ec7fa2456a769d298201a9df162d5b4bb172b 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-41-klar-raises-190m Hey, it=E2=80=99s Yoel [ https://substack.com/redirect/a100a54b-a318-487e-a= 321-700400422b7f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U ] =F0=9F=91=8B Back again with the 41st edition of Dealflow LatAm= =E2=80=94your go-to source for all the deals, moves, and momentum in the re= gion=E2=80=99s startup scene. LatAm had a slow funding week, but Klar=E2=80=99s $190M round stole the spo= tlight. While new deals were scarce, M&A stayed hot with moves by BigID, Fi= T, and Lance!. Governments and corporates kept pushing, showing the region= =E2=80=99s innovation wave isn=E2=80=99t fading, just regrouping for the ne= xt push. Plenty to break down=E2=80=94so let=E2=80=99s get into it =F0=9F=9A=80 Startup funding news=C2=A0=F0=9F=92=B8 Rounds of $10M+: =F0=9F=87=B2=F0=9F=87=BD Klar raises [ https://substack.com/redirect/dd11db= 4d-c2c9-416f-9af3-c4a7ebdfb54d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] $190M to expand its fintech offerings in Mexico. = The Series C round was led by General Atlantic and included $170M in equity= and $20M in venture debt, with participation from Santander, Televisa, and= Grupo F=C3=B3rmula. Rounds $1M to $10M: =F0=9F=87=A7=F0=9F=87=B7 AlugaMais raises [ https://substack.com/redirect/e= 60308bf-d1f0-4a61-90a9-4e42a7d5f377?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] $1.8M to expand rent advance and credit serv= ices. The round was led by SRM Ventures. =F0=9F=87=A6=F0=9F=87=B7 Lazo wins [ https://substack.com/redirect/dc8fb819= -46fd-4cf8-9664-dd47014b6500?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN= 48_jCfgM3m0rbAsF0l24U ] $1M from AlleyCorp after taking top prize in the Pe= erless Pitch 2025. The SaaS startup offers AI-powered legal, financial, and= fundraising tools for LatAm founders in the U.S. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 MySide raises [ https://substack.com/redirect/0e93= b24c-43ac-4129-857e-c592b2a746d2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $920K to expand nationally and grow its Buyer= =E2=80=99s Agent model. The round was led by Hiker Ventures and Terracotta = Ventures. M&A transactions =F0=9F=8E=8A =F0=9F=87=A6=F0=9F=87=B7 illow is acquired [ https://substack.com/redirect/= 5ae9a8d2-aacc-4d3f-9112-41e744a23a75?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] by BigID to strengthen global privacy and c= onsent management offerings. Backed by Newtopia VC, the Argentine startup r= aised $500K in pre-seed funding and will continue scaling its cookie consen= t platform under BigID=E2=80=99s umbrella. =F0=9F=87=A7=F0=9F=87=B7 Lance! acquires [ https://substack.com/redirect/3c= f85004-48af-44a3-aec9-14f57444a89c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Arquiba to boost fan engagement and expand in= to sportstech. The app, which enables stadium check-ins and loyalty rewards= , will integrate with S=C3=B3cio Lance! and enhance Lance!=E2=80=99s digita= l platform. =F0=9F=87=A7=F0=9F=87=B7 Selbetti acquires [ https://substack.com/redirect/= af5d8ca5-3a02-4d25-89e5-f2c57f8fb73c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] Eiprice to enhance its retail tech portfoli= o. The move strengthens its Retail Experience unit with AI-based pricing an= d monitoring tools for e-commerce and physical stores. =F0=9F=87=A8=F0=9F=87=B4 Neurona is acquired [ https://substack.com/redirec= t/e70402ab-9b9c-4558-98ea-76c42843d0d2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] by FiT, part of Constellation Software In= c., to scale its payment infrastructure across LatAm. The Colombian company= will operate independently while supporting FiT=E2=80=99s regional fintech= expansion. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A8=F0=9F=87=B4 a2censo leads [ https://substack.com/redirect/65e5= 3131-ccbb-4ebd-ba0a-dbfdece4472b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] Colombia=E2=80=99s crowdfunding with 96% market= share and joins Nuam to build a regional SME financing hub across LatAm. =F0=9F=87=B2=F0=9F=87=BD Santander M=C3=A9xico and FIRA launch [ https://su= bstack.com/redirect/f857fffb-f930-4179-883e-c14cb96132bc?j=3DeyJ1IjoiM2dmeX= ZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $55K seed fund for agte= ch startups via the 2025 Reto Santander Sostenible, promoting scalable gree= n innovations in agriculture. =F0=9F=8C=8E IFC commits [ https://substack.com/redirect/2f960fd9-04f8-4c40= -a75f-ace431526481?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m= 0rbAsF0l24U ] $50M to Victory Park Capital to boost SME lending in emerging= markets, with a focus on fintech in Mexico and Colombia. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=BA=F0=9F=87=B8=F0=9F=8C=8E AWS opens [ https://substack.com/redir= ect/44038dee-d097-4546-b7ef-a6dd6a371114?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] applications for the Generative AI Acce= lerator 2025 to support 5 LatAm startups; deadline is July 10. =F0=9F=87=B2=F0=9F=87=BD Bitso launches [ https://substack.com/redirect/d79= 57c0f-251b-4720-a6ac-285d5b36ec24?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Hackathon MXNB with up to ~$7K for DeFi/paymen= t projects using MXNB. Backed by Arbitrum, QED, Portal. Deadline: July 14. =F0=9F=87=A7=F0=9F=87=B7 South Summit announces [ https://substack.com/redi= rect/ae22b4ab-df5b-4e4c-b8a5-61520a2d469a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] its Climate & Bioeconomy edition in Be= l=C3=A9m, set for July 15=E2=80=9316, with a focus on innovation, sustainab= ility, and COP30. =F0=9F=87=A7=F0=9F=87=B7 Indovinya opens [ https://substack.com/redirect/e5= b5ecda-6891-4097-a738-a1b348d0202e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] applications for its agri-chemicals challenge= on biodegradable dispersants. Deadline is July 27, 2025. =F0=9F=87=B2=F0=9F=87=BD Daikin launches [ https://substack.com/redirect/9e= 589c97-d26f-42d8-bf8f-ec8f8eb07bce?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] AirTech Challenge 2025 for HVAC startups. Win= ners pitch in Monterrey and win a trip to Japan. Deadline: July 31, 2025. =F0=9F=87=B2=F0=9F=87=BD VTEX CONNECT LATAM 2025 returns [ https://substack= =2Ecom/redirect/08ec6b3d-c140-42d1-ae0= d-557312f36aae?j=3DeyJ1IjoiM2dmeXZtIn0.= xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to Mexico on September 25 to = unite digital commerce leaders for networking and innovation. =F0=9F=87=A8=F0=9F=87=B1 Transbank and ChileConverge launch [ https://subst= ack.com/redirect/2a53e30e-58ad-49c6-bacb-9f789146ea31?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a new SME support cycle wi= th free workshops and digital tools running through November 2025. =F0=9F=87=A8=F0=9F=87=B1 NTT DATA Chile opens [ https://substack.com/redire= ct/c0082c8e-51d1-463b-a17b-2777464c1378?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] eAwards 2025 for tech startups creating = positive impact. Applications open until end of 2025. Startup news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Argentina =F0=9F=87=A6=F0=9F=87=B7 DiDi partners [ https://substack.com/redirect/dec1= c229-1e52-495c-8bef-02cdde8b9aa6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] with Autonomy to boost female driver inclusion = in Argentina through a rent-to-own model for 0km cars, training, and fixed = weekly rates. =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 Cidadania4u hits [ https://substack.com/redirect/0= 4af12e6-96a0-4fe3-87b8-efd2b7e7e731?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] $20M in revenue and opens a new office in Ur= uguay to expand its European citizenship services via BeCivis. =F0=9F=87=A7=F0=9F=87=B7 NEO Estech announces [ https://substack.com/redire= ct/f9c4131f-ba63-4942-b5ca-8683bc196be3?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a $3.87M expansion plan through 2027 to = boost its presence in food retail, aiming to reach 70% sector share. =F0=9F=87=A8=F0=9F=87=B1 Chile =F0=9F=87=A8=F0=9F=87=B1 NotCo teams up [ https://substack.com/redirect/881= d640a-32fd-43a5-8ae4-5c3c5963dc05?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] with PepsiCo to launch plant-based snacks, wit= h more global collaborations planned for 2025. =F0=9F=87=A8=F0=9F=87=B1 Hispatec launches [ https://substack.com/redirect/= 44156af7-9f2b-4392-a240-4aeb27128831?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] AI assistant Margaret PA in Chile to boost = agtech efficiency via WhatsApp for fruit and vegetable producers. =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=87=A8=F0=9F=87=B4 AAvance is selected [ https://substack.com/redirec= t/4a9eade2-b0c1-4e6f-8feb-c35b3d9afed3?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] by the WFP Innovation Accelerator to scal= e its digital transfer platform, backed by Visa, Payments Way, and Coopcent= ral. =F0=9F=87=A8=F0=9F=87=B4 Go Bravo partners [ https://substack.com/redirect/= 331a3a18-793d-4129-85f2-6870ec9fe446?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] with Sura Invest Management to recover over= $20M in delinquent debt via recapitalization and credit plans. =F0=9F=87=A8=F0=9F=87=B4 trii partners [ https://substack.com/redirect/0b92= 088a-c0ef-448c-9d22-bb5b2cd4648e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] with Mibanco to launch a digital CDT with flexi= ble terms and competitive rates to boost savings in Colombia. =F0=9F=87=A8=F0=9F=87=B4 Koji and Sciphage receive [ https://substack.com/r= edirect/634e8da9-cd10-4869-9166-8f6525b451c9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $108K each from Eatable Adventures = to scale their foodtech solutions and expand into Brazil and Europe. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD Finco Pay is approved [ https://substack.com/redir= ect/94300542-3bce-4f55-a935-61b766d47169?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] as a regulated fintech (IFPE) in Mexico= , becoming the 87th firm under the country=E2=80=99s Fintech Law. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7 Ebanx partners= [ https://substack.com/redirect/eb434e25-7a07-4fcc-8c37-8530c9af0be9?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Aplaz= o to launch its first BNPL integration in Mexico, expanding digital credit = access amid rising local demand. =F0=9F=87=B2=F0=9F=87=BD Bravo receives [ https://substack.com/redirect/4e0= 0324d-5505-492e-b276-196a4f8f05be?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] =E2=80=9CHecho en M=C3=A9xico=E2=80=9D seal fo= r its fintech debt resolution model. Active in 6 countries, it plans 5M fin= ancial advisories globally by 2030. =F0=9F=87=B2=F0=9F=87=BD Nu M=C3=A9xico reaches [ https://substack.com/redi= rect/48a857f3-614a-47ca-91ac-c4a75ca25918?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 12M users, covering 25% of the banked.= 60% use less cash, and half save digitally via =E2=80=9CCajitas.=E2=80=9D =F0=9F=87=A8=F0=9F=87=B1 Flow expands [ https://substack.com/redirect/9d918= ba0-c5a5-4868-b672-e31968950887?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] to Mexico to humanize digital payments, offering= multi-channel solutions for SMEs and large businesses across LatAm. =F0=9F=87=B5=F0=9F=87=AA Peru =F0=9F=87=B5=F0=9F=87=AA Ligo launches [ https://substack.com/redirect/3627= 04d8-b09e-4f66-9772-618b4a8c5bbb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] an interoperable QR code to enable digital paym= ents without bank accounts, targeting entrepreneurs and boosting financial = inclusion. =F0=9F=87=A6=F0=9F=87=B7 Sitio de Tiendas relaunches [ https://substack.com= /redirect/8efee74e-33b6-4471-9561-a0907ce3b2dc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Peru, aiming for 20=E2=80=9330= digital business sales worth $3M by 2026. The marketplace has valued 261 s= ites at $68M. =F0=9F=87=BA=F0=9F=87=BE Uruguay =F0=9F=87=BA=F0=9F=87=BE Cryosmetics plans [ https://substack.com/redirect/= 21d7c945-5897-48f1-843f-344093862eea?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] 2026 relaunch and 2027 international expans= ion, backed by GridX and ANII, with tech innovations in skin microbiome ana= lysis. =F0=9F=8C=8E Other LatAm News =F0=9F=87=BA=F0=9F=87=BE Prex expands [ https://substack.com/redirect/4caf7= a87-d276-4838-b216-8083df6f331f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] to Paraguay and plans further LatAm growth, addi= ng to its presence in Uruguay, Argentina, Chile, and Peru. Big company & policy news =F0=9F=92=A1 =F0=9F=87=AC=F0=9F=87=A7=F0=9F=87=A7=F0=9F=87=B7 Wise names [ https://subst= ack.com/redirect/1afebcfa-6fe9-4e16-b088-4adb588d736f?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] S=C3=A3o Paulo its LatAm t= ech hub and plans to double Brazil staff by end of 2025, focusing on region= al product innovation. Interesting reads =F0=9F=92=A1 =F0=9F=8C=8E VC funding in LatAm dropped [ https://substack.com/redirect/2e= ce3482-0dec-4f97-a4bf-5b6754a43328?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] to $2.9B across 335 deals in H1 2025, its low= est since 2016, driven by global uncertainty and fewer U.S. investors, per = PitchBook. Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFMk56WTFORFk1Tml3aWFXRjBJam94TnpVe= E9EZzJNVE0wTENKbGVIQWlPakUzT0RNME1qSXhNelFzSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC53a3lHa2tRZi1WRmtGS2pjcjdYWnpLcmd= pRmRXQjJCb2dZa2JPUi1BZFc4IiwicCI6MTY3NjU0Njk2LCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzUxODg2MTM0LCJleHAiOjIwNjc0NjIxMzQsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.K5oXH-dwcKtJmC7BO2Ei64WoG6QInVku2Si6PFU= mBVE? --7bca754d47d419d0418f229ec7fa2456a769d298201a9df162d5b4bb172b Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #41: Klar= raises $190M. FiT acquires Neurona. VC funding hits 9-year low. @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 (max-width: 1024px) { .typography, .typography.editor { /* Disable offset on mobile/tablet */ } .typography .captioned-image-container figure:has(> a.image2-align-left), .typography.editor .captioned-image-container figure:has(> a.image2-align= -left), .typography .captioned-image-container figure:has(> a.image2-align-right)= , .typography.editor .captioned-image-container figure:has(> a.image2-align= -right) { float: none; margin: 1em auto; max-width: 100%; width: auto; padding: 0; } .typography .captioned-image-container figure:has(> a.image2-align-left.t= hefp), .typography.editor .captioned-image-container figure:has(> a.image2-align= -left.thefp), .typography .captioned-image-container figure:has(> a.image2-align-right.= thefp), .typography.editor .captioned-image-container figure:has(> a.image2-align= -right.thefp) { margin: 1em auto; } .typography .captioned-image-container figure:has(> a.image2-offset-left)= , .typography.editor .captioned-image-container figure:has(> a.image2-offse= t-left), .typography .captioned-image-container figure:has(> a.image2-offset-right= ), .typography.editor .captioned-image-container figure:has(> a.image2-offse= t-right) { margin: 1em auto; } .typography .captioned-image-container figure:has(> a.image2-align-left) = =2Eimage2-inset, .typography.editor .captioned-image-container figure:has(> a.image2-align= -left) .image2-inset, .typography .captioned-image-container figure:has(> a.image2-align-right)= .image2-inset, .typography.editor .captioned-image-container figure:has(> a.image2-align= -right) .image2-inset { display: block; justify-content: initial; } } @media (max-width: 768px) { .typography .markup div.sponsorship-campaign-embed, .typography.editor .markup div.sponsorship-campaign-embed { margin-top: 24px; margin-bottom: 24px; } .typography .markup div.sponsorship-campaign-embed:first-child, .typography.editor .markup div.sponsorship-campaign-embed:first-child { margin-top: 0px; } } @media screen and (max-width: 650px) { .typography .markup div.youtube-overlay, .typography.editor .markup div.youtube-overlay, .typography .markup div.vimeo-overlay, .typography.editor .markup div.vimeo-overlay { display: none !important; } } @media screen and (max-width: 370px) { .typography .markup div.tiktok-wrap, .typography.editor .markup div.tiktok-wrap { width: calc(95vw - 32px); height: calc((95vw - 32px - 2px) / 0.485714); } } @media screen and (max-width: 650px) { .typography .markup div.embedded-publication-wrap .embedded-publication.s= how-subscribe, .typography.editor .markup div.embedded-publication-wrap .embedded-public= ation.show-subscribe { padding: 24px; } } @media screen and (max-width: 650px) { .typography .markup div.subscription-widget-wrap .subscription-widget.sho= w-subscribe, .typography.editor .markup div.subscription-widget-wrap .subscription-wid= get.show-subscribe, .typography .markup div.subscription-widget-wrap-editor .subscription-wid= get.show-subscribe, .typography.editor .markup div.subscription-widget-wrap-editor .subscript= ion-widget.show-subscribe, .typography .markup div.captioned-button-wrap .subscription-widget.show-s= ubscribe, .typography.editor .markup div.captioned-button-wrap .subscription-widget= =2Eshow-subscribe { padding: 0px 24px; } } @media screen and (max-width: 650px) { .typography .markup div.subscription-widget-wrap .subscription-widget.sho= w-subscribe .subscription-widget-subscribe .button, .typography.editor .markup div.subscription-widget-wrap .subscription-wid= get.show-subscribe .subscription-widget-subscribe .button, .typography .markup div.subscription-widget-wrap-editor .subscription-wid= get.show-subscribe .subscription-widget-subscribe .button, .typography.editor .markup div.subscription-widget-wrap-editor .subscript= ion-widget.show-subscribe .subscription-widget-subscribe .button, .typography .markup div.captioned-button-wrap .subscription-widget.show-s= ubscribe .subscription-widget-subscribe .button, .typography.editor .markup div.captioned-button-wrap .subscription-widget= =2Eshow-subscribe .subscription-widget-subscribe .button { padding: 10px 12px; min-width: 110px; } } @media (max-width: 650px) { .typography .markup .tweet, .typography.editor .markup .tweet { padding: 12px; } } @media (max-width: 650px) { .typography .markup .tweet .tweet-text, .typography.editor .markup .tweet .tweet-text { font-size: 14px; line-height: 20px; } } @media (max-width: 650px) { .typography .markup .tweet .tweet-photos-container.two, .typography.editor .markup .tweet .tweet-photos-container.two, .typography .markup .tweet .tweet-photos-container.three, .typography.editor .markup .tweet .tweet-photos-container.three, .typography .markup .tweet .tweet-photos-container.four, .typography.editor .markup .tweet .tweet-photos-container.four { height: 200px; } } @media (max-width: 650px) { .typography .markup .tweet a.expanded-link .expanded-link-img, .typography.editor .markup .tweet a.expanded-link .expanded-link-img { max-height: 180px; } } @media (max-width: 650px) { .typography .markup .tweet a.expanded-link .expanded-link-description, .typography.editor .markup .tweet a.expanded-link .expanded-link-descript= ion { display: none; } } @media screen and (max-width: 650px) { .typography .markup .apple-podcast-container, .typography.editor .markup .apple-podcast-container { width: unset; } } @media (max-width: 420px) { .typography .markup .install-substack-app-embed img.install-substack-app-= embed-img, .typography.editor .markup .install-substack-app-embed img.install-substa= ck-app-embed-img { margin: 0 auto 16px auto; } } @media (max-width: 420px) { .typography .markup .install-substack-app-embed .install-substack-app-emb= ed-text, .typography.editor .markup .install-substack-app-embed .install-substack-= app-embed-text { margin: 0 0 12px 0; max-width: 100%; width: auto; text-align: center; } } @media (max-width: 420px) { .typography .markup .install-substack-app-embed .install-substack-app-emb= ed-link, .typography.editor .markup .install-substack-app-embed .install-substack-= app-embed-link { display: flex; justify-content: center; } } @media screen and (min-width: 481px) { .share-button-container { height: 38px; } } @media screen and (min-width: 481px) { .share-button-container a.comment { height: 38px; line-height: 38px; padding-right: 10px; } } @media screen and (max-width: 480px) { .share-button-container .separator { display: block; margin: 0; height: 8px; border-left: none; } } @media screen and (max-width: 480px) { .share-button-container a.share.first img { padding-left: 0; } } @media screen and (min-width: 481px) { .share-button-container a.mobile { display: none !important; } } @media screen and (min-width: 541px) { .settings-add-pub-modal-wrapper .container .add-recommending-pub-modal-co= ntainer { padding: 36px; height: 680px; } } @media screen and (min-width: 541px) { .settings-add-pub-modal-wrapper .container .add-recommending-pub-modal-co= ntainer .footer { position: absolute; bottom: 36px; margin: 0px; } } @media screen and (max-width: 650px) { .header-anchor-parent { display: none; } } @media screen and (max-width: 768px) { .post { padding: 16px 0 0 0; } } @media screen and (max-width: 650px) { .post .post-header .post-label { margin-top: 8px; } } @media screen and (max-width: 650px) { .post .post-header .meta-author-wrap.alternative-meta .meta-right-column = =2Epost-meta { margin-top: 6px; } } @media screen and (max-width: 650px) { .post .footer-facepile-container { height: 64px; padding: 0 16px; display: flex; align-items: center; justify-content: flex-start; width: 100%; } } @media screen and (max-width: 650px) { .post .post-footer.use-separators { justify-content: center; } } @media screen and (max-width: 650px) { .post .post-footer.next-prev { height: 64px; justify-content: space-between; box-sizing: border-box; } } @media screen and (max-width: 650px) { .post-contributor-footer .post-contributor-bio-table { display: block; } .post-contributor-footer .post-contributor-bio-table-row { display: flex; flex-direction: row; } .post-contributor-footer .post-contributor-bio-userhead-cell, .post-contributor-footer .post-contributor-bio-body-cell { display: block; } .post-contributor-footer .post-contributor-bio-body-cell { flex-grow: 1; } .post-contributor-footer .post-contributor-bio-body-table { display: block; } .post-contributor-footer .post-contributor-bio-body-table-row { display: block; } .post-contributor-footer .post-contributor-bio-copy-cell, .post-contributor-footer .post-contributor-bio-controls-cell { display: block; } .post-contributor-footer .post-contributor-bio-copy-cell { margin: 0 0 16px 0; } .post-contributor-footer .post-contributor-bio-controls-cell { width: auto; } .post-contributor-footer .post-contributor-bio-controls { margin: auto; } .post-contributor-footer .post-contributor-bio-controls .button.primary { width: 100%; } .post-contributor-footer .post-contributor-bio-text { font-size: 14px; } } @media screen and (min-width: 768px) { .post-silhouette { padding: 32px 0; } } @media screen and (max-width: 650px) { .post-silhouette .post-silhouette-title { margin-top: 10.44225025px; height: 120px; } } @media screen and (max-width: 650px) { .post-silhouette .post-silhouette-meta { width: 75%; } } @media screen and (max-width: 650px) { .post-silhouette .post-silhouette-meta.with-byline-image { margin: 20px 0; } } @media screen and (max-width: 650px) { .use-theme-bg .post-meta.alternative-meta .post-meta-item, .post-meta.alternative-meta .post-meta-item { padding-right: 16px; } } @media screen and (max-width: 370px) { .use-theme-bg .post-meta.alternative-meta .post-meta-item, .post-meta.alternative-meta .post-meta-item { font-size: 14px; } } @media screen and (max-width: 650px) { .use-theme-bg .post-meta.alternative-meta .post-meta-item.guest-author-pu= blication, .post-meta.alternative-meta .post-meta-item.guest-author-publication { display: none; } } @media screen and (max-width: 370px) { .post-meta .post-meta-item .post-meta-button { height: 36px !important; /* important to override in-line height style on emails */ } .post-meta .post-meta-item .post-meta-button .meta-button-label { display: none; } .post-meta .post-meta-item .post-meta-button > svg { margin-right: 0; } } @media screen and (max-width: 370px) { .post-meta .post-meta-item { font-size: 12px; } } @media screen and (max-width: 650px) { .post .floating-subscribe-button { bottom: 20px; right: 20px; } } @media all and (-ms-high-contrast: none), (-ms-high-contrast: active) { body .markup table.image-wrapper img, body .markup table.kindle-wrapper img { max-width: 550px; } } @media (max-width: 1024px) { body { /* Disable offset on mobile/tablet */ } body .captioned-image-container figure:has(> a.image2-align-left), body .captioned-image-container figure:has(> a.image2-align-right) { float: none; margin: 1em auto; max-width: 100%; width: auto; padding: 0; } body .captioned-image-container figure:has(> a.image2-align-left.thefp), body .captioned-image-container figure:has(> a.image2-align-right.thefp) = { margin: 1em auto; } body .captioned-image-container figure:has(> a.image2-offset-left), body .captioned-image-container figure:has(> a.image2-offset-right) { margin: 1em auto; } body .captioned-image-container figure:has(> a.image2-align-left) .image2= -inset, body .captioned-image-container figure:has(> a.image2-align-right) .image= 2-inset { display: block; justify-content: initial; } } @media (max-width: 768px) { body .markup div.sponsorship-campaign-embed { margin-top: 24px; margin-bottom: 24px; } body .markup div.sponsorship-campaign-embed:first-child { margin-top: 0px; } } @media screen and (max-width: 650px) { body .markup div.youtube-overlay, body .markup div.vimeo-overlay { display: none !important; } } @media screen and (max-width: 370px) { body .markup div.tiktok-wrap { width: calc(95vw - 32px); height: calc((95vw - 32px - 2px) / 0.485714); } } @media screen and (max-width: 650px) { body .markup div.embedded-publication-wrap .embedded-publication.show-sub= scribe { padding: 24px; } } @media screen and (max-width: 650px) { body .markup div.subscription-widget-wrap .subscription-widget.show-subsc= ribe, body .markup div.subscription-widget-wrap-editor .subscription-widget.sho= w-subscribe, body .markup div.captioned-button-wrap .subscription-widget.show-subscrib= e { padding: 0px 24px; } } @media screen and (max-width: 650px) { body .markup div.subscription-widget-wrap .subscription-widget.show-subsc= ribe .subscription-widget-subscribe .button, body .markup div.subscription-widget-wrap-editor .subscription-widget.sho= w-subscribe .subscription-widget-subscribe .button, body .markup div.captioned-button-wrap .subscription-widget.show-subscrib= e .subscription-widget-subscribe .button { padding: 10px 12px; min-width: 110px; } } @media (max-width: 650px) { body .markup .tweet { padding: 12px; } } @media (max-width: 650px) { body .markup .tweet .tweet-text { font-size: 14px; line-height: 20px; } } @media (max-width: 650px) { body .markup .tweet .tweet-photos-container.two, body .markup .tweet .tweet-photos-container.three, body .markup .tweet .tweet-photos-container.four { height: 200px; } } @media (max-width: 650px) { body .markup .tweet a.expanded-link .expanded-link-img { max-height: 180px; } } @media (max-width: 650px) { body .markup .tweet a.expanded-link .expanded-link-description { display: none; } } @media screen and (max-width: 650px) { body .markup .apple-podcast-container { width: unset; } } @media (max-width: 420px) { body .markup .install-substack-app-embed img.install-substack-app-embed-i= mg { margin: 0 auto 16px auto; } } @media (max-width: 420px) { body .markup .install-substack-app-embed .install-substack-app-embed-text= { margin: 0 0 12px 0; max-width: 100%; width: auto; text-align: center; } } @media (max-width: 420px) { body .markup .install-substack-app-embed .install-substack-app-embed-link= { display: flex; justify-content: center; } } @media screen and (min-width: 500px) { body .header a.logo { width: 42px; height: 42px; border-radius: 12px; } } @media screen and (max-width: 420px) { body .subscription-receipt table:first-of-type .subscription-amount .subs= cription-discount { width: 72px !important; } } @media screen and (min-width: 481px) { body .share-button-container { height: auto; } } @media screen and (max-width: 480px) { body .share-button-container .separator { display: block !important; margin: 0 !important; height: 8px !important; border-left: none !important; } } @media screen and (max-width: 650px) { .digest .item .post-meta-item.audience { display: none; } } @media screen and (min-width: 500px) { .digest-publication .logo img { width: 42px; height: 42px; border-radius: 8px; } } @media screen and (max-width: 650px) { .comments-page .container .comment-list .collapsed-reply { margin-left: calc(10 + 32px - 24px); } } @media screen and (max-width: 650px) { .comment > .comment-list { padding-left: 24px; } } @media screen and (max-width: 650px) { .finish-magic-login-modal .modal-content .container { padding: 24px 0; } } @media (max-width: 650px) { .reader2-text-b3 { line-height: 24px; } } @media screen and (max-width: 650px) { .reader2-text-h4 { line-height: 24px; } } @media screen and (min-width: 541px) { .user-profile-modal { padding-left: 12px; padding-right: 12px; } } @media screen and (max-width: 650px) { .subscribe-widget form.form .sideBySideWrap button.rightButton { padding: 10px 12px; } } @media screen and (min-width: 541px) { .pub-icon:hover .logo-hover, .feed-item-icon:hover .logo-hover { display: block; } } @media screen and (max-width: 650px) { .post-ufi.single-full-width-button .post-ufi-button-wrapper { width: 100%; padding: 16px; } .post-ufi.single-full-width-button .post-ufi-button-wrapper:empty { display: none; } .post-ufi.single-full-width-button .post-ufi-button { width: 100%; justify-content: center; } } @media screen and (max-width: 768px) { .file-embed-wrapper { padding: 0; } } @media screen and (max-width: 768px) { .file-embed-wrapper-editor { padding: 0; } } @media screen and (max-width: 768px) { .file-embed-wrapper-editor:active { padding: 0; } } @media only screen and (max-width: 650px) { .file-embed-button.wide, .file-embed-error-button.wide { display: none; } } @media only screen and (min-width: 630px) { .file-embed-button.narrow, .file-embed-error-button.narrow { display: none; } } @media screen and (min-width: 541px) { .audio-player-wrapper .audio-player { min-width: 500px; } } @media screen and (max-width: 650px) { .audio-player-wrapper .audio-player .audio-player-progress { border-left-width: 16px; border-right-width: 16px; } } @media screen and (max-width: 650px) { .audio-player-wrapper .audio-player .audio-player-progress .audio-player-= progress-bar .audio-player-progress-bar-popup { top: -54px; } } @media screen and (max-width: 650px) { .audio-player-wrapper-fancy .audio-player .audio-player-progress { border-left-width: 16px; border-right-width: 16px; } } @media screen and (max-width: 650px) { .audio-player-wrapper-fancy .audio-player .audio-player-progress .audio-p= layer-progress-bar .audio-player-progress-bar-popup { top: -54px; } } @media (min-width: 250px) { .audio-player-wrapper-fancy .audio-player { padding: 32px; } .audio-player-wrapper-fancy .audio-player .btn-group { display: flex; } .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; } } @media screen and (min-width: 541px) { .poll-embed .poll-wrapper.poll-web .poll-dialog .modal-table .modal-row .= modal-content > .container { width: 552px; padding: 26px 24px; } } @media screen and (max-width: 650px) { .poll-embed .poll-wrapper.poll-web .poll-dialog .modal-table .modal-row .= modal-content > .container { padding: 40px 0; } } @media screen and (max-width: 650px) { .poll-embed .poll-wrapper.poll-web .poll-dialog .modal-row .modal-cell .m= odal-exit-btn { margin-right: -20px; } }3D""
͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­͏   Q= 99; ­͏     ­͏     ­͏ &n= bsp;   ­͏     ­͏     ­= ͏     ­͏     ­͏   ̳= 9; ­͏     ­͏     ­͏ &nb= sp;   ­͏     ­͏     ­&= #847;     ­͏     ­͏    = ; ­͏     ­͏     ­͏ &nbs= p;   ­͏     ­͏     ­&#= 847;     ­͏     ­͏    = ­͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­͏   Q= 99; ­͏     ­͏     ­͏ &n= bsp;   ­͏     ­͏     ­= ͏     ­͏     ­͏   ̳= 9; ­͏     ­͏     ­͏ &nb= sp;   ­͏     ­͏     ­&= #847;     ­͏     ­͏    = ; ­͏     ­͏     ­͏ &nbs= p;   ­͏     ­͏     ­&#= 847;     ­͏     ­͏    = ­͏     ­͏     ­͏  = ;   ­͏     ­͏     ­= 47;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­͏     ­͏   &= #8199; ­͏     ­͏     ­͏=     ­͏     ­͏     = 73;͏     ­͏     ­͏   &#= 8199; ­͏     ­͏     ­͏ =     ­͏     ­͏     = 3;͏     ­͏     ­͏   = 199; ­͏     ­͏     ­͏ &= nbsp;   ­͏     ­͏     ­= ;͏     ­͏     ­
Forwarded this email? Subscribe here for more

Dealflow LatAm #41: Klar raises $190M. FiT acquires Neur= ona. VC funding hits 9-year low.

Welcome to the 41st edition of the Dealflow LatA= m newsletter: a weekly summary of everything that happened in the LatAm sta= rtup and investment ecosystem.

Yoel Rodríguez
<= td style=3D"vertical-align:middle;">
<= /td>
= =
<= /tr>
 
<= table role=3D"presentation" width=3D"100%" border=3D"0" cellspacing=3D"0" c= ellpadding=3D"0">
3D""
3D""
3D""=
3D""
READ IN APP3D""
<= td height=3D"16" style=3D"font-size:0px;line-height:0;"> 

Hey, it’s <= a href=3D"https://substack.com/redirect/a100a54b-a318-487e-a321-700400422b7= f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">Yoel 👋 Back again with the 41st edition of = Dealflow LatAm—your go-to source for all the deals, mo= ves, and momentum in the region’s startup scene.

LatAm had a slow funding week, but= Klar’s $190M round stole the spotlight= =2E While new deals were scarce, M&A stayed hot with moves by BigID, FiT<= /strong>, and Lance!. Governments and c= orporates kept pushing, showing the region’s innovatio= n wave isn’t fading, just regrouping fo= r the next push.

Plenty to br= eak down—so let’s get into it 🚀


Startu= p funding news 💸

Rounds of $10M+:

  • 🇲🇽 Klar raises $190M to expand its fintech offerings in Mexico. = The Series C round was led by General Atlantic and included $170M in equity and $20M in venture debt, with participation= from Santander, Televisa, and Grupo Fórmula.

Rounds $1M to $10M:

  • 🇧🇷 AlugaMais raises= $1.8M to expand rent advance and credit services. The round was = led by SRM Ventures.

  • 🇦🇷 Lazo wins $1M from AlleyCorp after taking top prize in the Peerless Pitch 2025. The SaaS sta= rtup offers AI-powered legal, financial, and fundraising tools for LatAm fo= unders in the U.S.

Other rounds = of funding:

  • 🇧🇷 MySide raises $920K to expand nationally and gr= ow its Buyer’s Agent model. The round was led by Hiker= Ventures and Terracotta Ventures.

M&A transactions 🎊

🇦🇷 illow is acqui= red by BigID to strengthen global p= rivacy and consent management offerings. Backed by Newtopia = VC, the Argentine startup raised $500K in pre-seed funding a= nd will continue scaling its cookie consent platform under B= igID’s umbrella.

🇧= ;🇷 Lance! acquires Arquiba to boost fan engagement and expand into sportste= ch. The app, which enables stadium check-ins and loyalty rewards, will inte= grate with Sócio Lance! and enhance Lanc= e!’s digital platform.

🇧🇷= ; Selbetti acquires Eip= rice to enhance its retail tech portfolio. The move strength= ens its Retail Experience unit with AI-based = pricing and monitoring tools for e-commerce and physical stores.

=

🇨🇴 Neurona= is= acquired by FiT, part of Constellation Software Inc., to scale its payment infr= astructure across LatAm. The Colombian company will operate independently w= hile supporting FiT’s regional fintech expansion.

🇨= ;🇴 a2censo leads Colombia̵= 7;s crowdfunding with 96% market share and joins Nuam to build a regional SME financing hub across LatAm.

🇲🇽 Santander México and FIRA launch $55K seed f= und for agtech startups via the 2025 Reto Santander Sostenible, promoting s= calable green innovations in agriculture.

= 7758; IFC commits $50M to Victory Park Capital to boost SME lending in emerging mar= kets, with a focus on fintech in Mexico and Colombia.

Opportunities & Deadlines 👀

Startup news 💡

= 27462;🇷 Argentina

  • 🇦🇷 DiDi partners with Autonomy<= /strong> to boost female driver inclusion in Argentina through a rent= -to-own model for 0km cars, training, and fixed weekly rates.

🇧🇷 Brazil

  • &#= 127463;🇷 Cidadania4u hits $2= 0M in revenue and opens a new office in Uruguay to expand its European citi= zenship services via BeCivis.

  • =
  • 🇧🇷 = NEO Estech announces a $3.87M expansio= n plan through 2027 to boost its presence in food retail, aiming to reach 7= 0% sector share.

🇨🇱 Chil= e

  • 🇨🇱 NotCo= teams up with PepsiCo to launch= plant-based snacks, with more global collaborations planned for 2025.

  • <= 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;">🇨= ;🇱 Hispatec launches AI assist= ant Margaret PA in Chile to boost agtech effi= ciency via WhatsApp for fruit and vegetable producers.

=

🇨🇴 Colombia

  • =

    ㇊= 4;🇴 AAvance is selected by the= WFP Innovation Accelerator to scale its digi= tal transfer platform, backed by Visa, Payments Way, and Coopcentral.

  • = 🇨🇴 Go Bravo partners with Sura Invest Management to recover o= ver $20M in delinquent debt via recapitalization and credit plans.

  • 🇨= 27476; trii partners with Mibanco to launch a digital CDT with flexible terms and c= ompetitive rates to boost savings in Colombia.

  • 🇨🇴 Koji and Sciphage receive $108K each from Eatable Adventures to sc= ale their foodtech solutions and expand into Brazil and Europe.

    <= /li>

🇲🇽 Mexico

  • = 🇲🇽 Finco Pay is approved as a regulated fintech (IFPE) in Mexico,= becoming the 87th firm under the country’s Fintech Law.

  • 🇲Ӻ= 85;🤝🇧🇷 Ebanx <= a href=3D"https://substack.com/redirect/eb434e25-7a07-4fcc-8c37-8530c9af0be= 9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">partners with Aplazo to launch its first BNPL= integration in Mexico, expanding digital credit access amid rising local d= emand.

  • 🇲🇽 Bravo receives &= #8220;Hecho en México” seal for it= s fintech debt resolution model. Active in 6 countries, it plans 5M financi= al advisories globally by 2030.

  • 🇲🇽 Nu Méxic= o reaches 12M users, covering 25% of the banked. 60% = use less cash, and half save digitally via “Cajitas.”

  • 🇨 = 7473; Flow expands to Mexico to humani= ze digital payments, offering multi-channel solutions for SMEs and large bu= sinesses across LatAm.

🇵🇪= ; Peru

  • 🇵🇪 Ligo launches an interoperable QR code to enable digital payme= nts without bank accounts, targeting entrepreneurs and boosting financial i= nclusion.

  • = 🇦🇷 Sitio de Tiendas relaun= ches in Peru, aiming for 20–30 digital business sales worth= $3M by 2026. The marketplace has valued 261 sites at $68M.

  • =

🇺🇾 Uruguay

  • = 27482;🇾 Cryosmetics plans 2026= relaunch and 2027 international expansion, backed by GridX<= /strong> and ANII, with tech innovation= s in skin microbiome analysis.

&= #127758; Other LatAm News

  • &#= 127482;🇾 Prex expands to Parag= uay and plans further LatAm growth, adding to its presence in Uruguay, Arge= ntina, Chile, and Peru.

Big company & po= licy news 💡

🇬🇧🇧= 479; Wise names São Paulo its Lat= Am tech hub and plans to double Brazil staff by end of 2025, focusing on re= gional product innovation.

Interesting reads 💡=

🌎 VC funding in LatAm dropped to $2.9B across 335 deals in H1 2025, its lowest si= nce 2016, driven by global uncertainty and fewer U.S. investors, per PitchBook.


Thanks for reading Dealflow LatAm! Subscribe for free t= o receive new posts and support my work.

 =
3D""Like
3D""Comment
=
 

© = 2025 Dealflow LatAm
548 Market Street PMB 72296, San Franci= sco, CA 94104
Unsubscribe

3D=3D"Start

3D""3D"" --7bca754d47d419d0418f229ec7fa2456a769d298201a9df162d5b4bb172b--