Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="338add8371dec348555a0249837df9f94d3ab62a899a7b7d13a1cdcd6069" Subject: =?UTF-8?q?Dealflow_LatAm_#16:_Buk_raises_$50M._Apiux_acquires_Nectia._Her?= =?UTF-8?q?n=C3=A1n_Kazah_on_LatAm_IPOs_in_2025.?= From: Jaime Novoa from Dealflow LatAm To: Hidden Recipient Date: Mon, 13 Jan 2025 12:02:37 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: EO8ttOK-_FoZVGXxoN2QgBDjsx4itTtn77nDG0PQSn4pmfzfBnlbLR7fRnqdFrGOMHvBZyuD9qdGiPFhjm69xg== --338add8371dec348555a0249837df9f94d3ab62a899a7b7d13a1cdcd6069 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-16-buk-raises-50m Welcome to the 16th edition of the Dealflow LatAm newsletter: a weekly summ= ary of everything that happened in the LatAm startup and investment ecosyst= em. This week=E2=80=99s newsletter is brought to you by zenital [ https://subst= ack.com/redirect/8f43d958-f443-4e24-a890-f0f04f28f981?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ]: zenital partners with startups and larger companies to streamline their dat= a processes, offering tailored solutions like data warehouse implementation= , process automation, and comprehensive data assessments. Not only are they good at what they do, but they=E2=80=99re also very nice = people. If you need help to navigate the data landscape, reach out to them! Startup funding news=C2=A0=F0=9F=92=B8 Rounds of $5M+: =F0=9F=87=A8=F0=9F=87=B1 Buk raises [ https://substack.com/redirect/1266636= 4-f6ed-4d39-80d5-351fa2209197?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] $50M to expand its Latin American operations, focu= sing on Mexico and Brazil. The Series B round was led by Headline and Workd= ay, with participation from Endeavor Catalyst, Greenoaks, and Base10.=20 Rounds $1M to $5M: =F0=9F=87=A7=F0=9F=87=B7 ObraBank launched [ https://substack.com/redirect/= a6279e06-c7bb-4f10-965c-ee798fb5fe2f?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] with a $3.27M investment from SRM Ventures = as part of its Venture Builder initiative. Focused on financing real estate= suppliers, the fintech has already issued $327K in loans within 40 days an= d aims to reach $16.37M by 2025. =F0=9F=87=A8=F0=9F=87=B1 Maihue raises [ https://substack.com/redirect/7c71= 5916-c6d7-47f4-aee7-b46510882ce5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $1M to expand its water dispensers and eliminat= e 50M plastic bottles annually. The round was led by Belat and Doble Impact= o. =F0=9F=87=BA=F0=9F=87=BE TripWip raises [ https://substack.com/redirect/031= ee8f9-84fe-489a-8771-f35fa122886b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $1M to expand into Mexico and grow its carshar= ing platform. Funds will support city expansions and local recruitment. Rounds $500K to $1M: =F0=9F=87=A7=F0=9F=87=B7 Archo Medical raises [ https://substack.com/redire= ct/057e7c7b-233e-48ae-9acb-a9f89124a1a9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $933K in a round led by Stark Investment= Banking to advance its aortic aneurysm device and expand in LatAm and the = U.S. by 2025. =F0=9F=87=A6=F0=9F=87=B7 Bikleta App raises [ https://substack.com/redirect= /6995acd6-d961-4aa9-b0c5-a093603dc458?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] $500K to expand its cycling platform and g= row its sustainable community in LatAm. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 The Men=E2=80=99s raises [ https://substack.com/re= direct/e3c5f183-d656-4643-920f-8f91bfdb5c7e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $426K in a round led by BR Angels to= expand its personalized men=E2=80=99s health products and services. =F0=9F=87=BA=F0=9F=87=BE DNAzyme raises [ https://substack.com/redirect/b99= ca063-48d8-4b40-a810-035dce3c4200?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $200K from IndieBio to advance its UV protecti= on biotech and prepare for a 2025 market launch. =F0=9F=87=A7=F0=9F=87=B7 Loocal raises [ https://substack.com/redirect/e5c3= 0caf-d4a6-43fd-9413-22df791078fd?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $196K to enhance its delivery logistics platfor= m and expand to new cities. The round was led by EqSeed with participation = from 105 investors. =F0=9F=87=A7=F0=9F=87=B7 Alloy raises [ https://substack.com/redirect/99288= 0f2-3854-4b9d-8df5-5f7f31d384bc?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] $163K in a round led by Sicredi Comunit=C3=A1 an= d Ventiur to enhance its food service tech platform and expand operations. M&A transactions =F0=9F=8E=8A =F0=9F=87=A8=F0=9F=87=B1 Apiux acquires [ https://substack.com/redirect/6da= a72e4-9413-43fe-9cd9-17f26586eb18?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Nectia Software to drive its growth strategy t= hrough 2027. The deal aims to triple revenue and expand its tech consulting= solutions. =F0=9F=87=A7=F0=9F=87=B7 PsicoManager acquires [ https://substack.com/redir= ect/ad14d6b8-b1a3-429b-a38c-fa89d5a00378?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqA= rDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] PsicoClub and Academia do Psic=C3=B3log= o to expand into edtech and strengthen its mental health solutions hub. =F0=9F=87=A7=F0=9F=87=B7 Okto acquires [ https://substack.com/redirect/3658= 0377-916f-43a8-b77a-b7c3009d5010?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] a controlling stake in fintech U4C to boost inn= ovation and expand its presence in Brazil's online betting market. =F0=9F=87=A7=F0=9F=87=B7 Invent Software acquires [ https://substack.com/re= direct/2c25cd5f-2e44-46b6-b1da-408125f683db?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] TaskDo, a Santa Catarina-based start= up specializing in process automation, to strengthen its market presence an= d expand its portfolio of fiscal and accounting solutions. =F0=9F=87=A7=F0=9F=87=B7 Inova FIP, managed [ https://substack.com/redirect= /fe5d3ab7-6c98-4f6c-bf60-da67435e4be2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] by Angra Partners, acquired a 28.5% stake = in Promip, a Brazilian biotech specializing in biopesticides, with a $3.27M= investment. The fund, which includes resources from Finep, manages approxi= mately $32.74M for future investments. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A6=F0=9F=87=B7 Eastern Point = Trust merges [ https://substack.com/redirect/6eb09926-6d9e-4e63-83f7-d670ce= 92d9f6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U = ] with Parra Marketplace to form NEMI, offering fintech and payment solutio= ns in Argentina and Paraguay, with plans for regional expansion. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A8=F0=9F=87=B1 BID Invest commits [ https://substack.com/redirect= /a0bf70b3-82e6-4705-afaf-74554f045d04?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] $50M to Victory Park Capital to boost fint= ech funding and financial inclusion across LatAm SMEs. =F0=9F=87=A8=F0=9F=87=B1 Chrysalis PUCV celebrates [ https://substack.com/r= edirect/9066be8b-2c66-44b1-883a-5441cf393974?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 15 years, having supported over 1,0= 00 startups and generated 2,700+ jobs. The incubator is recognized as a lea= der in decentralized innovation and its impact in the Chilean ecosystem. =F0=9F=87=A8=F0=9F=87=B1 FinteChile launches [ https://substack.com/redirec= t/3e93eaeb-b4ee-4dd3-ae3d-84a5e1dafb83?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] "Inscribe tu Fintech" to help fintechs re= gister with CMF, offering legal support, FAQs, and webinars. =F0=9F=87=A6=F0=9F=87=B7 CorLab publishes [ https://substack.com/redirect/d= 26afab2-417a-4eaa-83a3-bd0209464fc1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] the January 2025 Benefits Catalog, listing 5= 0+ funding and support opportunities for startups, SMEs, and researchers in= C=C3=B3rdoba. =F0=9F=87=A6=F0=9F=87=B7 Bolsa de Comercio de Rosario reports [ https://sub= stack.com/redirect/c78e5440-c1b4-4694-ba2d-56ac79253bf2?j=3DeyJ1IjoiM2dmeXZ= tIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a 50% rise in registrati= ons for its startup network, highlighting growing interest in Argentina's e= ntrepreneurial ecosystem. =F0=9F=87=B2=F0=9F=87=BD Top Angel Investors in Mexico for 2025 [ https://s= ubstack.com/redirect/a40da4d2-0d0e-4fef-812f-344a070c97bb?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ]: Angel Ventures, Arkan= geles, and others offer funding, mentorship, and networks, focusing on scal= able, high-impact startups with $50K average investments. =F0=9F=87=B2=F0=9F=87=BD ALGEN accelerates [ https://substack.com/redirect/= e7926974-eb6d-4a57-9ac4-9be569f85edb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] capital raising for Latin American startups= , having helped over 500 startups secure over $40M in funding. The new coho= rt promises 7,500+ investors, $100K+ in credits, and exclusive networking o= pportunities. =F0=9F=87=A8=F0=9F=87=B4 Endeavor Colombia highlights [ https://substack.co= m/redirect/3931c46e-b2dd-4889-a334-85a0d2700963?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] B2B Software and Fintech as key = sectors in its network, driving inclusion and efficiency. Last year, it log= ged 178 mentorship hours, helping startups scale innovations. =F0=9F=87=B2=F0=9F=87=BD Expedition FEMSA accelerates [ https://substack.co= m/redirect/ca71ea26-6d1c-4c5a-bd3f-5fdb1a21362a?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] startups in sustainability, smar= t cities, and health with mentorship, pilots, and global connections. Backe= d by Cemex, Tec de Monterrey, and leading corporates, it strengthens Mexico= =E2=80=99s innovation ecosystem. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=A6=F0=9F=87=B7 Hummelnest Accelerator offers [ https://substack.c= om/redirect/97ce1e53-c29a-4211-8ddb-9683655285a4?j=3DeyJ1IjoiM2dmeXZtIn0.xu= 76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] six Argentine startups mentorsh= ip, =E2=82=AC100K investment, and global expansion support. Applications cl= ose January 26, 2025. =F0=9F=87=A6=F0=9F=87=B7 CIIAR invites [ https://substack.com/redirect/e600= b882-d1dd-4ea8-9a10-b6a15f94e420?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] GovTech startups to apply with AI solutions for= urban challenges in safety, citizen engagement, and mobility. Selected tea= ms will pitch to officials from 10 cities at the Govtech Demo Day. Deadline= : January 15, 2025. =F0=9F=87=A6=F0=9F=87=B7 Tierra del Fuego launches its 2025 Talent Accelera= tion Program with Alkemy to train tech talent and connect them with top com= panies. Applications are open from January 7-27, 2025. =F0=9F=87=A8=F0=9F=87=B4 Pygma opens [ https://substack.com/redirect/0a83e9= 01-718d-4da5-a054-1aa6a9bf45c5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] applications for its PY6 program, targeting finte= ch startups in LatAm. Selected ventures will gain mentorship, tailored supp= ort, and global investor connections. Applications close on January 17. =F0=9F=87=A8=F0=9F=87=B1 CCU opens [ https://substack.com/redirect/f2989da3= -32eb-4e5d-9427-03afb77b9aca?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN= 48_jCfgM3m0rbAsF0l24U ] INNPACTA 2025, seeking tech startups to improve log= istics efficiency. Winners get $10,000 and a pilot with CCU. Apply by Feb 9= =2E =F0=9F=87=B2=F0=9F=87=BD AMEXCAP will host the Mexico VC Day in New York on= February 6, 2025, bringing together prominent Mexican GPs and internationa= l LPs. The event offers a platform to discover investment opportunities in = Mexico's growing VC ecosystem. =F0=9F=87=B2=F0=9F=87=BD AceleraLatam emphasizes [ https://substack.com/red= irect/424e7349-87e8-42c3-9aec-55dd76ba6d69?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFOb= qArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Venture Capital's high-risk, high-rew= ard nature, where a few startups yield 10x-50x returns. Through its ALGEN p= rogram, it prepares LatAm founders to align with investor expectations and = craft impactful pitches. Applications are open for pre-seed startups. =F0=9F=87=B2=F0=9F=87=BD Finnovista announces [ https://substack.com/redire= ct/dddb2dac-9ced-415e-8f5b-2ec798aea6a1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] the Fintech Radar M=C3=A9xico 2025, a ke= y report analyzing trends and innovations in LatAm=E2=80=99s financial indu= stry. The study highlights standout fintech projects and offers visibility = to local and foreign fintechs operating in Mexico. =F0=9F=87=B2=F0=9F=87=BD Startup Grind Global Pitch Battle invites Mexican = startups to compete for a spot at Startup Grind Global 2025 in Silicon Vall= ey, starting January 15 at Google Mexico. Startup news =F0=9F=92=A1 =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 Caf strengthens [ https://substack.com/redirect/bb= bc2c1e-ed49-4181-a6df-205d993bd5f4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] its leadership in Brazil=E2=80=99s betting ma= rket with Bet ID, a solution for bettor authentication and compliance, used= by over 45 brands. =F0=9F=87=A7=F0=9F=87=B7 Koin will invest [ https://substack.com/redirect/5= 0b41ee0-d15f-45cd-bfc7-92a127a859e6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] $4.91M in fraud prevention to enhance digita= l security in Latin America, focusing on BNPL services and expanding its re= ach across key markets. =F0=9F=87=A7=F0=9F=87=B7 Delend launches [ https://substack.com/redirect/1b= 300034-bbdc-40de-af67-1fe00b5879c1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] an AI-powered Financial Assistant for SMEs, s= treamlining payments, credit, and cash flow management via WhatsApp. =F0=9F=87=A7=F0=9F=87=B7 BTG and Senior Sistemas launch [ https://substack.= com/redirect/a65c95ac-7ea6-4c2b-88c2-e66284ee4355?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a new credit fintech approved = by the Brazilian Central Bank. The partnership creates a Sociedade de Cr=C3= =A9dito Direto (SCD) offering innovative credit solutions. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD TikTok Shop launches [ https://substack.com/redire= ct/c5096abe-8a37-4353-a143-ce1b0075edac?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Mexico, offering in-app shopping with= live streams and personalized recommendations to compete with Amazon and M= ercado Libre. =F0=9F=87=B2=F0=9F=87=BD Guillermo Guadarrama launches [ https://substack.c= om/redirect/6de3bc92-5dee-4e9b-b4f3-57541b2739da?j=3DeyJ1IjoiM2dmeXZtIn0.xu= 76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Nexcar, a platform to automate = vehicle inspections and reduce fraud, with $450K raised to boost efficiency= in the automotive sector. =F0=9F=87=B2=F0=9F=87=BD Olinia partners [ https://substack.com/redirect/35= bdec54-68d0-4e45-a127-09292fd5f691?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] with IPN and TecNM to create Mexico's first e= lectric mini vehicles, enhancing eco-friendly mobility for urban and delive= ry use. =F0=9F=87=A8=F0=9F=87=B1 UNK expands [ https://substack.com/redirect/aece7a= 54-f941-4d21-94f7-1bd939626645?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] to M=C3=A9xico, offering IoT solutions to optimiz= e the food industry's cold chain and reduce waste. =F0=9F=87=A6=F0=9F=87=B7 Argentina =F0=9F=87=BA=F0=9F=87=BE Viatik, a Uruguayan carpooling app, launches [ htt= ps://substack.com/redirect/bf3ea70d-5f18-4343-9494-33d163f69ccf?j=3DeyJ1Ijo= iM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Argentina and= gains 15,000 users in its first week. The app aims to reduce travel costs,= especially for trips to popular beach destinations. =F0=9F=87=A6=F0=9F=87=B7 Brubank hits [ https://substack.com/redirect/fef16= b74-9ff2-4a4b-98e4-e79808cb0f13?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] 3.6 million clients in Argentina, processing 37 = million monthly transactions and expanding services like Brubank Empresas a= nd CEDEARs. =F0=9F=87=A6=F0=9F=87=B7 Mercado Libre celebrates [ https://substack.com/re= direct/466389f8-11df-4b25-a1e9-47211821c47a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 25 years with the "Big Bang" campaig= n, reflecting on its journey from the first sale to reshaping e-commerce in= LatAm. =F0=9F=87=A6=F0=9F=87=B7 Mercado Libre opens [ https://substack.com/redirec= t/3b7bfc43-858d-4b84-a0e5-6c7a737a1d5d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] 61 new hybrid roles in Argentina, focusin= g on tech, marketing, finance, and customer experience. =F0=9F=87=A6=F0=9F=87=B7 Kheiron, an Argentine biotech, births [ https://su= bstack.com/redirect/1d75804d-cc16-4a3b-85b0-48572da844cd?j=3DeyJ1IjoiM2dmeX= ZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] the world=E2=80=99s fir= st CRISPR-edited horses, marking Argentina as a leader in equine biotechnol= ogy. =F0=9F=87=A6=F0=9F=87=B7 Modo quadrupled [ https://substack.com/redirect/6e= ed8172-4642-4401-a2fb-e8b247af3bfb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] online payments in 2024, reaching 17 million = users and 800,000 businesses.=20 =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=87=A8=F0=9F=87=B4 Plurall secures [ https://substack.com/redirect/f8= 91312a-7b4a-47c0-a37f-901b2b939f49?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] funding from BBVA Spark, backed by FNG, to ex= pand digital microloans for Colombian microentrepreneurs and boost financia= l inclusion. =F0=9F=87=A8=F0=9F=87=B4 Bold reaches [ https://substack.com/redirect/174e4= f0a-5f41-44c1-9a27-bf34a1ca1879?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] $900B in monthly transactions in Colombia, servi= ng 500,000 merchants and expanding with new financial services. =F0=9F=87=A8=F0=9F=87=B4 Four Colombian women nominated [ https://substack.= com/redirect/fb20b1af-cd3c-4a94-951b-879f294a81b4?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] for the Aurora Tech Award 2025= , including Isabella Ghassemi-Smith, Maria Camila Garcia, Daniela Orozco, a= nd Tatiana Calder=C3=B3n, recognized for their leadership in tech startups,= with three integrating AI in their projects. =F0=9F=87=A8=F0=9F=87=B4 Minka and ACH Colombia drive [ https://substack.co= m/redirect/b0a4998d-1d3c-4564-9f92-e4377104717f?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Colombia's digital payments revo= lution, handling 282 million transactions worth $9.8B in 2024, with a targe= t of 400 million in 2025. =F0=9F=87=A8=F0=9F=87=B4=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7=F0=9F=87=BA=F0= =9F=87=B8 VIIO partners [ https://substack.com/redirect/7f6b2ac1-0eec-4810-= ae6e-c82f2db2e543?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0= rbAsF0l24U ] with Dock and Visa to launch a digital USDC card in Colombia, = offering users global purchasing power, no maintenance fees, and exclusive = discounts. =F0=9F=87=A8=F0=9F=87=B1 HANU expands [ https://substack.com/redirect/d20af= f61-21cb-4418-8040-2a19575ed3f4?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] to Colombia with its innovative wellness platfor= m, offering customizable SaaS solutions for employee health and engagement. =F0=9F=8C=8E Other LatAm News =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7 Satoshi Tango = partners [ https://substack.com/redirect/1d9782c8-ab01-4b97-bb0d-a82a2b689c= 9c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] wi= th Depay to enable crypto payments in stores across Argentina, Brazil, Colo= mbia, and Peru using QR codes, allowing instant transactions in local curre= ncies. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD Fairmarkit par= tners [ https://substack.com/redirect/337e51d0-d6ed-4c41-a103-d2291ecab625?= j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with = Sonoco to expand AI-driven sourcing operations in LatAm, successfully compl= eting 15,000 sourcing events in one year, achieving a 3.4X ROI and reducing= costs by 9%. =F0=9F=87=A8=F0=9F=87=B1=F0=9F=A4=9D=F0=9F=87=AA=F0=9F=87=A8 Viper partners= [ https://substack.com/redirect/72912af8-8384-4a6f-980d-c43d7ea8cf21?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Firen= se to optimize emergency response for firefighters in Ecuador using its Vip= er One platform. =F0=9F=87=B2=F0=9F=87=BD=F0=9F=A4=9D=F0=9F=87=A9=F0=9F=87=AA Global66 partn= ers [ https://substack.com/redirect/5467cc38-d8e3-4793-94fa-0ddf12964460?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with F= C Bayern to offer 12 young footballers from Argentina, Chile, and Colombia = a chance to train with Bayern=E2=80=99s youth team. =F0=9F=87=B5=F0=9F=87=AA=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 Kuady partners= [ https://substack.com/redirect/21b736b3-0b22-4b9a-973c-565740d01790?j=3De= yJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Maste= rcard to launch a prepaid physical card, enhancing secure payment options. = This follows the success of their virtual card. =F0=9F=87=BB=F0=9F=87=AA=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 Zinli and Zoom= team up [ https://substack.com/redirect/c4926870-6440-46da-bf20-902f3cc243= 30?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to= simplify international shopping for Venezuelans, offering prepaid cards an= d international lockers for a seamless experience. =F0=9F=87=BA=F0=9F=87=BE=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 ZirconTech par= tners [ https://substack.com/redirect/7fb27d6c-ebee-426e-940d-d52dbb4983f7?= j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with = AWS to boost blockchain and AI adoption, enhancing tools like Notarizer and= Tokenization. =F0=9F=87=B8=F0=9F=87=BB Bitfinex Derivatives moves [ https://substack.com/= redirect/031f13bf-c42a-4131-a2dd-75da7a48042b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to El Salvador after securing a DA= SP license, boosting the country's crypto hub status. =F0=9F=87=A8=F0=9F=87=B1 Coddi, a Chilean AI mining company, expands [ http= s://substack.com/redirect/53b3a856-0bfe-4d12-900b-7a2c1853c13a?j=3DeyJ1Ijoi= M2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] into Canada after= its experience with Start-Up Chile, aiming to enhance technology with mobi= le inspections and real-time reporting. =F0=9F=87=BA=F0=9F=87=BE dLocal gains UK FCA license to expand cross-border= operations, offering 900+ payment methods in emerging markets, with a $3.4= B market cap. Big company & policy news =F0=9F=92=A1 =F0=9F=87=A7=F0=9F=87=B7 Vinci Compass raises [ https://substack.com/redire= ct/c3a4389f-7405-48b5-af59-f366ca5049c1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $640M for its fourth private equity fund= =2E The round was concluded amid market= turbulence, marking the largest fund=20= raised by the firm. =F0=9F=87=A7=F0=9F=87=B7 Nubank ends [ https://substack.com/redirect/d2917c= 2d-5ae0-4446-92d3-1de96a6ac0c1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] 2024 as the most valuable bank in LatAm, surpassi= ng Ita=C3=BA with a market value of $49.375B, gaining $20.636B. Despite str= ong growth, its stock dropped due to rising unpaid debts. =F0=9F=87=A7=F0=9F=87=B7 PagBank lays off [ https://substack.com/redirect/3= 857fb22-906b-43cc-b9a5-edb106f89edf?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] hundreds amid restructuring; sources report = 300-500 job cuts, but the company hasn't confirmed the number. =F0=9F=87=A8=F0=9F=87=B1 Uber Law re-entry criticized [ https://substack.co= m/redirect/fec1c25f-db16-4177-9536-678da60c792e?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] by Uber, Didi, and Cabify for st= rict vehicle requirements, potentially affecting drivers and car availabili= ty. They plan to submit new observations to Contralor=C3=ADa. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B1 Horizon Aircra= ft signs [ https://substack.com/redirect/e5c62392-dcf6-49e9-b5f4-de85001dcf= cf?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a = Letter of Intent with Discovery Air Chile to lease 5 Cavorite X7 eVTOLs by = 2028.=20 Interesting reads =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 Hern=C3=A1n Kazah, co-founder of Kaszek and Mercad= o Libre, shared [ https://substack.com/redirect/fede784d-6f82-4321-99f1-04a= 3ad1934fb?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l2= 4U ] insights with Bloomberg L=C3=ADnea on how the recent U.S. interest rat= e cuts and a more pro-business U.S. government could open the door for IPOs= of LatAm startups in 2025, particularly in the tech sector. =F0=9F=8C=8E PitchBook report: VC investment in LatAm increases [ https://s= ubstack.com/redirect/2aea8675-e533-4ff6-b9a4-0a491385cea6?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in 2024, but rounds fe= ll by 24%. AI startups dominate globally, capturing 35% of all investments.= Key LatAm deals: Ual=C3=A1 ($309M) and Kapital ($188M). =F0=9F=87=B2=F0=9F=87=BD Contxto presents [ https://substack.com/redirect/4= a95ee26-0961-4747-a6bd-0170da9fdfae?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP8= 22j-jnN48_jCfgM3m0rbAsF0l24U ] "15 AI Startups Operating in LatAm to Watch = in 2025", featuring innovative companies like Fracttal, Vambe, and Buddy.ai= that are transforming industries such as maintenance, education, and pet c= are across the region. =F0=9F=8C=8E Carmela G=C3=B3mez, Head of Global Open Banking at BBVA, discu= ssed [ https://substack.com/redirect/5a10069c-3ad8-4441-b0be-1675f13fdcbb?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] the ad= option of Open Banking and Open Finance in LatAm in an interview with The P= aypers. She outlined the challenges and opportunities across different coun= tries, BBVA's role in advancing innovation, and the regulatory trends shapi= ng the future of financial services in the region. Thanks for reading Dealflow Latam! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFMU5EWXlNelU0T1N3aWFXRjBJam94TnpNM= k56WTVPVEF6TENKbGVIQWlPakUzTmpnek1EVTVNRE1zSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC5NU3Bwdm1FOTctdHB5RXJUeFk2ZWdwb01= rWjJBaTNCRmt0M1hQMHJJRjNrIiwicCI6MTU0NjIzNTg5LCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzM2NzY5OTAzLCJleHAiOjE3MzkzNjE5MDMsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.h_pDH-TbZnHI5SDgNDqMCEM0NiEjhKcG4zaMiTJ= kJ-o? --338add8371dec348555a0249837df9f94d3ab62a899a7b7d13a1cdcd6069 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #16:= Buk raises $50M. Apiux acquires Nectia. Hernán Kazah on LatAm IPOs in= 2025.
Welcome to the 16th edi= tion of the Dealflow LatAm newsletter: a weekly summary of everything that = happened in the LatAm startup and investment ecosystem.
͏   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;     ­͏     ­͏     = ­͏     ­͏     ­͏  =   ­͏     ­͏     ­T= 7;     ­͏     ­͏     &= #173;͏     ­͏     ­͏   =   ­͏     ­͏     ­͏= ;     ­͏     ­͏     &#= 173;͏     ­
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J= aime Novoa

 
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READ IN= APP3D""
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Welcome to the 16th edition of the Dealflow LatAm = newsletter: a weekly summary of everything that happened in the LatAm start= up and investment ecosystem.

=3D""Subscribed

This week’s newsletter is brought to you by zeni= tal:

=
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zenital partners with startups and = larger companies to streamline their data processes, offering tailored solu= tions like data warehouse implementation, process automation, and comprehen= sive data assessments.

Not only = are they good at what they do, but they’re also very nice people. If = you need help to navigate the data landscape, reach out to them!

Startup funding news 💸

Rou= nds of $5M+:

  • 🇨🇱 = Buk raises $50M to expand its Latin America= n operations, focusing on Mexico and Brazil. The Series B round was led by = Headline and Workday<= span>, with participation from Endeavor Catalyst, Greenoaks, and Base10.

Rounds $1M to $5M:=

  • 🇧🇷 Obra= Bank launched with a $3.27M investment from = SRM Ventures as part of its Venture B= uilder initiative. Focused on financing real estate supplier= s, the fintech has already issued $327K in loans within 40 days and aims to= reach $16.37M by 2025.

  • 🇨🇱 Maihue

    🇺🇾 TripWip raises $1M to expand into Mexico= and grow its carsharing platform. Funds will support city expansions and l= ocal recruitment.

Rounds $500K to $1M:

  • 🇧🇷 Archo Medical raises $933K in a round led by Stark = Investment Banking to advance its aortic aneurysm device and= expand in LatAm and the U.S. by 2025.

  • 🇦🇷 Bikl= eta App raises $500K to expand its cycling platform= and grow its sustainable community in LatAm.

Other rounds of funding:

  • = 🇧🇷 The Men’s raises<= span> $426K in a round led by BR Angels to ex= pand its personalized men’s health products and services.

    <= /li>

  • 🇺 = 7486; DNAzyme raises $200K from IndieBio to advance its UV protection biotech and= prepare for a 2025 market launch.

  • 🇧🇷 Loocal raises $196K to enhance its delivery logistics platf= orm and expand to new cities. The round was led by EqSeed with participation from 105 investors.

  • 🇧🇷 Alloy raises $163K in a round led by Sicredi Comunitá and Ventiur to enhance its food service tech platform and expand operatio= ns.

M&A transactions 🎊

🇨🇱 Apiux acqui= res Nectia Software to drive its gr= owth strategy through 2027. The deal aims to triple revenue and expand its = tech consulting solutions.

🇧🇷= ; PsicoManager acquires PsicoClub and Academia do Psicólogo to expand into edtech and strengthen its mental health soluti= ons hub.

🇧🇷 O= kto acquires a controlling stake in fintech = U4C to boost innovation and expand its presence in B= razil's online betting market.

🇧 = 7479; Invent Software acquires TaskDo, a Santa Catarina-based startup specializin= g in process automation, to strengthen its market presence and expand its p= ortfolio of fiscal and accounting solutions.

🇧🇷 Inova FIP, managed by Angra Partners, acquired a 28.5% stake = in Promip, a Brazilian biotech specializing i= n biopesticides, with a $3.27M investment. The fund, which includes resourc= es from Finep, manages approximately $32.74M for future investments.=

🇺🇸🤝🇦🇷 Eastern Point Trust merges with <= strong>Parra Marketplace to form NEMI, offering fintech and payment solutions in Argentina and Paraguay, = with plans for regional expansion.

Investor & acce= lerator news 🚀

🇨🇱 <= strong>BID Invest commits $50M to Vi= ctory Park Capital to boost fintech funding and financial in= clusion across LatAm SMEs.

🇨🇱= ; Chrysalis PUCV celebrates 15 years= , having supported over 1,000 startups and generated 2,700+ jobs. The incub= ator is recognized as a leader in decentralized innovation and its impact i= n the Chilean ecosystem.

🇨🇱 = FinteChile launches "= Inscribe tu Fintech" to help fintechs register with <= strong>CMF, offering legal support, FAQs, and webinars.

🇦🇷 CorLab publishes the January 2025 Benefits Catalog= , listing 50+ funding and support opportunities for startups= , SMEs, and researchers in Córdoba.

= 27462;🇷 Bolsa de Comercio de Rosario = r= eports a 50% rise in registrations for its startup network, highl= ighting growing interest in Argentina's entrepreneurial ecosystem.

🇲🇽 Top Angel Investors in Mex= ico for 2025: Angel Ventures, Arkangeles, and others offer funding, men= torship, and networks, focusing on scalable, high-impact startups with $50K= average investments.

🇲🇽 ALGEN accelerates capital raising for L= atin American startups, having helped over 500 startups secure over $40M in= funding. The new cohort promises 7,500+ investors, $100K+ in credits, and = exclusive networking opportunities.

🇨= ;🇴 Endeavor Colombia highlights<= span> B2B Software and Fintech= as key sectors in its network, driving inclusion and effici= ency. Last year, it logged 178 mentorship hours, helping startups scale inn= ovations.

🇲🇽 = Expedition FEMSA accelerates startups in sustainabi= lity, smart cities, and health with mentorship, pilots, and global connecti= ons. Backed by Cemex, Tec de M= onterrey, and leading corporates, it strengthens Mexico̵= 7;s innovation ecosystem.

Opportunities & Dea= dlines 👀

Startup news 💡

🇧🇷 Brazil<= /h4>

&= #127474;🇽 Mexico

  • 🇲🇽 TikTok Shop launches in Mexico, offering= in-app shopping with live streams and personalized recommendations to comp= ete with Amazon and Mercado Li= bre.

  • 🇲🇽 Guillermo Guadarrama launches Nexcar, a plat= form to automate vehicle inspections and reduce fraud, with $450K raised to= boost efficiency in the automotive sector.

  • 🇲🇽 Olinia partners with IPN and TecNM to create Mexico's first elect= ric mini vehicles, enhancing eco-friendly mobility for urban and delivery u= se.

  • 🇨🇱 UNK expands t= o México, offering IoT solutions to opti= mize the food industry's cold chain and reduce waste.

<= h4 class=3D"header-anchor-post" style=3D"position: relative;--highlight-bg:= rgba(var(--color-bg-accent-themed-rgb), 0.2);font-family: 'SF Pro Display'= , -apple-system-headline, system-ui, -apple-system, BlinkMacSystemFont, 'Se= goe 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-si= ze: 1.125em;">🇦🇷 Argentina

  • =

    = 482;🇾 Viatik, a Uruguayan carpooling = app, launches in Argentina and gains 15,000 users in its first wee= k. The app aims to reduce travel costs, especially for trips to popular bea= ch destinations.

  • 🇦🇷 Brubank hits= 3.6 million clients in Argentina, processing 37 million monthly = transactions and expanding services like Brubank Empresas and CEDEARs.

  • 🇦🇷 Mercado Libre celebrates 25 years with= the "Big Bang" campaign, reflecting on its j= ourney from the first sale to reshaping e-commerce in LatAm.

  • 🇦㇋= 9; Mercado Libre opens 61 new hybrid= roles in Argentina, focusing on tech, marketing, finance, and customer exp= erience.

  • 🇦🇷 Kheiron, an Argenti= ne biotech, births the world’s first CRISPR-e= dited horses, marking Argentina as a leader in equine biotec= hnology.

  • 🇦🇷 Modo quadrupled<= span> online payments in 2024, reaching 17 million users and 800,000 busine= sses.

🇨🇴 Colombia

<= ul style=3D"margin-top: 0;padding: 0;">

  • 🇨🇴 Plurall secures funding from BBVA Spark,= backed by FNG, to expand digital microloans = for Colombian microentrepreneurs and boost financial inclusion.

    <= /li>

  • 🇨 = 7476; Bold reaches $900B in monthly = transactions in Colombia, serving 500,000 merchants and expanding with new = financial services.

  • 🇨🇴 Four Colombian women nominated for the Aurora Tech Award 2025, including <= /span>Isabella Ghassemi-Smith, Maria = Camila Garcia, Daniela Orozco,= and Tatiana Calderón, recognized for th= eir leadership in tech startups, with three integrating AI in their project= s.

  • 🇨🇴 Minka and = ACH Colombia drive Colombia's digital payments revo= lution, handling 282 million transactions worth $9.8B in 2024, with a targe= t of 400 million in 2025.

  • 🇨🇴🤝🇧🇷Ӻ= 82;🇸 VIIO partners with Dock and Visa to la= unch a digital USDC card in Colombia, offerin= g users global purchasing power, no maintenance fees, and exclusive discoun= ts.

  • 🇨🇱 HANU expands t= o Colombia with its innovative wellness platform, offering customizable SaaS solutions for employee health and engagemen= t.

    • 🌎 Other LatAm News

    • 🇦🇷🤝🇧🇷 Satoshi Tango partners with Depay= to enable crypto payments in stores across Argentina, Brazi= l, Colombia, and Peru using QR codes, allowing instant transactions in loca= l currencies.

    • 🇺🇸🤝🇲🇽 Fa= irmarkit partners with Sonoco to expand AI-driven sourcing operations in LatAm, successfully completing 15,000 sourcing events in one year, a= chieving a 3.4X ROI and reducing costs by 9%.

    • 🇨🇱🤝 = 7466;🇨 Viper partners with <= /span>Firense to optimize emergency response for fir= efighters in Ecuador using its Viper One platform.

    • 🇲🇽🤝🇩= 466; Global66 partners with <= strong>FC Bayern to offer 12 young footballers from Argentin= a, Chile, and Colombia a chance to train with Bayern’s youth team.

    • = 7477;🇪🤝🇺🇸 Kuady

      🇻🇪🤝🇺㇌= 0; Zinli and Zoom

      = 7482;🇾🤝🇺🇸 ZirconTech partners with AWS to boost b= lockchain and AI adoption, enhancing tools like Notarizer and Tokenization.=

    • &= #127480;🇻 Bitfinex Derivatives moves to El Salvador after securing a DASP= license, boosting the country's crypto hub status.

    • 🇨🇱 Coddi, a Chilean AI mining company, expands into Canada after its experience with Start-Up Chile, aiming to enhance technology with mobile inspections and real-t= ime reporting.

    • 🇺🇾 dLocal gains = UK FCA license to expand cross-border operati= ons, offering 900+ payment methods in emerging markets, with a $3.4B market= cap.

    Big company & policy news 💡= ;

    🇧🇷 Vinci Compass<= /strong> raises $640M for its fourth private equity fund. Th= e round was concluded amid market turbulence, marking the largest fund rais= ed by the firm.

    🇧🇷 Nubank ends 2024 as the most valuable bank in= LatAm, surpassing Itaú with a market value of $49.375B, gaining $20.636B. Despite st= rong growth, its stock dropped due to rising unpaid debts.

    🇧🇷 PagBank lays= off hundreds amid restructuring; sources report 300-500 job cuts= , but the company hasn't confirmed the number.

    🇨🇱 Uber Law re-entry critic= ized by Uber, Didi, and Cabify for strict vehicle = requirements, potentially affecting drivers and car availability. They plan= to submit new observations to Contraloría.

    🇺🇸🤝🇨 = 7473; Horizon Aircraft signs a Letter of Intent with Discovery Air= Chile to lease 5 Cavorite X7 eVTOLs= by 2028.

    Interesting reads 💡

    🇦🇷 Hernán Kazah, co-founder of Kaszek and Mercado Libre, shared insights with Bloomberg Línea on how the recent U.S. interest rat= e cuts and a more pro-business U.S. government could open the door for IPOs of LatAm startups in 2025, particularly in t= he tech sector.

    🌎 Pit= chBook report: VC investment <= /span>in LatAm increases in 2024, but rounds fell by 24%. AI startups dominate globally, capturing 35% of all investme= nts. Key LatAm deals: Ualá ($309M) and Kapital ($188M).

    🇲🇽 Contxto <= /span>pr= esents "15 AI Startups Operating in LatAm to Watch= in 2025", featuring innovative companies like Fracttal, Vambe, and = Buddy.ai that are transforming industries such as ma= intenance, education, and pet care across the region.

    🌎 Carmela Gómez, Head = of Global Open Banking at BBVA, discussed the adoption of Open Banking and Open Finance in LatAm in an interview with The Paypers. She outl= ined the challenges and opportunities across different countries, BBVA's role in advancing innovation, and the regulator= y trends shaping the future of financial services in the region.

    =
     
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