Mime-Version: 1.0 Content-Type: multipart/alternative; boundary="533c6d7f308bd19b018e12b83083b2cccaa9d83f2f93158c4ae8cd1ea47b" Subject: Dealflow LatAm #38: Xepelin raises $54M. Agibank secures $370M via FIDC. BTG Pactual acquires Justa. From: Yoel Rodriguez of Dealflow LatAm To: Hidden Recipient Date: Mon, 16 Jun 2025 11:02:50 +0000 X-Hiring: We are hiring, reach out at header-hacker@emailshot.io X-EmailShot-Signature: IIr4SeL4mPGTMpnDCwFu_0ohWf1d8AyHqDgKYAqyFn1-MvSi8j7FsXcxmvFC7vIz4uSc1E0uYcElMS-mPiEiCw== --533c6d7f308bd19b018e12b83083b2cccaa9d83f2f93158c4ae8cd1ea47b 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-38-xepelin-raises Hey, it=E2=80=99s Yoel [ https://substack.com/redirect/370c3cf1-9320-486b-a= 73d-5ac2496a71a9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0r= bAsF0l24U ] =F0=9F=91=8B Back again with the 38th 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. This week was relatively quiet by recent LatAm standards, but momentum hasn= 't stalled. =F0=9F=87=A7=F0=9F=87=B7 Brazil led the charge, with major move= s in funding, M&A, and ecosystem development. While there were fewer big-ti= cket rounds, we still saw important activity in =F0=9F=87=B2=F0=9F=87=BD Me= xico and =F0=9F=87=A8=F0=9F=87=B1 Chile, especially around AI and fintech. = The pace may have slowed, but the region is steadily moving forward. Plenty to break down=E2=80=94so let=E2=80=99s get into it =F0=9F=9A=80 Startup funding news=C2=A0=F0=9F=92=B8 Rounds of $10M+: =F0=9F=87=A7=F0=9F=87=B7 Agibank raises [ https://substack.com/redirect/c5d= 3837f-e630-42a5-a99d-c966bd5f6915?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] $370M via its first FIDC to expand credit oper= ations through 2030. The issuance, backed by payroll-deductible loans, was = oversubscribed and attracted 20 institutional investors. =F0=9F=87=B2=F0=9F=87=BD Xepelin secures [ https://substack.com/redirect/ef= 532af3-a062-46b2-a624-8f8698ab5928?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $54M from BBVA Spark to expand its AI-powered= financial platform for SMEs in Mexico. The funds will support credit acces= s and digital finance tools for over 50,000 businesses. =F0=9F=87=A7=F0=9F=87=B7 Meliuz raises [ https://substack.com/redirect/8ace= e9a4-586a-4390-9316-1501bed28211?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $32.4M in a share offering to buy bitcoin, posi= tioning itself as Brazil=E2=80=99s first bitcoin treasury company. Rounds $1M to $10M: =F0=9F=87=A7=F0=9F=87=B7 Frente raises [ https://substack.com/redirect/6d12= bbfe-869a-4f4a-a8ef-591740b7f331?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $5.5M in a Series A round to expand its interna= tional Pix-based payment service. The round was led by Magma Partners, mark= ing its first fintech investment in Brazil. =F0=9F=87=B2=F0=9F=87=BD Lounn raises [ https://substack.com/redirect/8972a= e8c-65d4-4954-8a92-12c99aec817c?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] $1M in a pre-seed round to automate SME credit w= ith AI. The round was led by Kolab Ventures and Highline Beta, and will fun= d tech development and credit process automation. Other rounds of funding: =F0=9F=87=A7=F0=9F=87=B7 Nekt raises [ https://substack.com/redirect/92d4f8= 6b-3ba3-4c45-b3d7-cc258ec5d466?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] $900K to expand its AI data platform. The round w= as led by Alexia Ventures, with founders of RD Station, Trybe, and others p= articipating. =F0=9F=87=A7=F0=9F=87=B7 clickCompliance receives [ https://substack.com/re= direct/fcc06cfd-85dc-40da-8457-d10f1046e7ec?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $300K from Cemig to build an AI-base= d whistleblower channel and modernize its digital compliance platform. =F0=9F=87=A6=F0=9F=87=B7 Talentum raises [ https://substack.com/redirect/86= abc9e9-033f-439c-804d-0398f57bb925?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] $250K to scale its AI recruiting platform "Sa= ra". The round was led by Allygatr, with participation from First Check Ven= tures. M&A transactions =F0=9F=8E=8A =F0=9F=87=A7=F0=9F=87=B7 BTG Pactual acquires [ https://substack.com/redire= ct/5e4b3799-fc9d-42ae-9453-b92426603da7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqAr= DfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Justa to expand its SME payment solution= s. The deal strengthens BTG=E2=80=99s fintech portfolio and supports its in= ternational strategy, leveraging Justa=E2=80=99s digital payment tech. =F0=9F=87=A7=F0=9F=87=B7 Afinz acquires [ https://substack.com/redirect/4de= 05cd8-9360-47bb-b534-d89bc66f57b9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] D3 Pagamentos to expand its SME services. The = deal strengthens its integrated fintech platform under the new "Afinz Empre= sas" unit. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A7=F0=9F=87=B7 Warburg Pincus= increases [ https://substack.com/redirect/a99fa1fb-1d53-4848-8cc6-41d900bc= 6795?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] = its stake in Contabilizei to 36.4% by acquiring shares from IFC and Quadran= t. The U.S. fund remains the startup=E2=80=99s largest shareholder, ahead o= f SoftBank. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=A8=F0=9F=87=B1 Exagon Impact = Capital acquires [ https://substack.com/redirect/008f97ed-e852-444f-b630-c8= f13192b7a6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l= 24U ] SunRoof to boost C&I solar in Mexico. The deal adds to Exagon=E2=80= =99s LatAm renewables portfolio, leveraging SunRoof=E2=80=99s AI cleaning t= ech. Investor & accelerator news =F0=9F=9A=80 =F0=9F=87=A7=F0=9F=87=B7 Axcell and Idesam launch [ https://substack.com/re= direct/d48d8e7c-29c9-4d98-849f-0340327740e5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a $4.5M fund to invest in up to 10 b= ioeconomy startups in the Amazon, with checks ranging from $180K to $1.8M. =F0=9F=87=A7=F0=9F=87=B7 P=C3=A1tria Investimentos raises [ https://substac= k.com/redirect/8b465b61-4478-453d-a394-6c38ee92a94a?j=3DeyJ1IjoiM2dmeXZtIn0= =2Exu76uFObqArDfP822j-jnN48_jCfgM3m0rbA= sF0l24U ] $18M for its Reforest Fund t= o support reforestation and asset development, with participation from V=C3= =A9lez and Bracher. =F0=9F=87=A7=F0=9F=87=B7 Greener and Iriun launch [ https://substack.com/re= direct/5968bed9-e2de-4217-8d5d-05462f62e36a?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Noris, a JV focused on M&As of solar= plants in Brazil, aiming to boost consolidation in the distributed generat= ion sector. =F0=9F=87=A7=F0=9F=87=B7 Sebrae-SP announces [ https://substack.com/redirec= t/a877da85-891b-4fea-a238-5490808bf7d1?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] $45M plan through 2029 to support AI star= tups and emerging hubs after GSER 2025 recognition. =F0=9F=87=A7=F0=9F=87=B7 RV (ex-Randon Ventures) eyes [ https://substack.co= m/redirect/8d239b36-19aa-45f2-a2c9-8ab1f2b9bde2?j=3DeyJ1IjoiM2dmeXZtIn0.xu7= 6uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] two new investments in 2025 afte= r exits from Money Money (acquired by Fiserv) and Delta Global. The CVC als= o expands with its own startup acceleration program. =F0=9F=87=A8=F0=9F=87=B1 Centro Tecnol=C3=B3gico de Econom=C3=ADa Circular = gets [ https://substack.com/redirect/74221f92-6aa9-4c29-a947-23c9385551f6?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1.75M= from Gobierno Regional and Corfo to boost sustainable innovation in Los La= gos. =F0=9F=87=A8=F0=9F=87=B1 Quintil Lab Vi=C3=B1a launches [ https://substack.= com/redirect/6239e756-7484-4f3a-9bf0-c51e916d2167?j=3DeyJ1IjoiM2dmeXZtIn0.x= u76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with a $500K fund to accelerat= e sustainable mining startups in LatAm. The program is backed by Quintil Va= lley and Distrito V21. Opportunities & Deadlines =F0=9F=91=80 =F0=9F=87=B5=F0=9F=87=BE Paraguay Tech Week 2025 will gather [ https://subs= tack.com/redirect/a2716d26-6136-41b0-b285-9183792e66c8?j=3DeyJ1IjoiM2dmeXZt= In0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] startups, VCs, and fintec= hs in Asunci=C3=B3n from June 17 to 19. =F0=9F=87=A8=F0=9F=87=B1 Instituto 3IE and HENUA TECHNOLOGIES launch [ http= s://substack.com/redirect/36287891-0b99-4145-a4b8-0968ce352910?j=3DeyJ1Ijoi= M2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a free program to= help startups scale with sustainability; applications open until June 18. =F0=9F=87=A8=F0=9F=87=B1 ProChile and Corfo launch [ https://substack.com/r= edirect/f9a8b13a-020a-419e-9def-c947c1e0bc20?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] GoGlobal 2025 to help 50 startups e= xpand abroad; applications open until June 18. =F0=9F=87=A8=F0=9F=87=B1 Transelec Ventures opens [ https://substack.com/re= direct/db72613c-4857-4137-ac4d-eeca1031ceb2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] a new call for startups to co-develo= p solutions in market intelligence and operational risk modeling. Deadline:= June 23, 2025. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=8C=8E AWS opens [ https://substack.com/redir= ect/a98b93b7-d59a-486e-a912-d6b4992b0ce3?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/ffc= 840d1-9eba-4de2-b36c-31814ac09143?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/f2da0464-56cc-4f71-8777-246e1e97886d?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=B2=F0=9F=87=BD Daikin launches [ https://substack.com/redirect/96= cb55b1-9e04-4ecf-a97c-28b9e863ca41?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/0b37e929-4c53-4f44-b8f= 1-4274d9f04868?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/3a2cd286-8420-4857-ab9b-880dff823873?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/47339c0c-e199-41f4-b42d-13b2a22e43d8?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 Ab Astra joins [ https://substack.com/redirect/2b7= 4ce68-d1e8-4c08-8d77-37f3e5907f74?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] Neuqu=C3=A9n=E2=80=99s tech hub as its first s= tartup, using cosmic rays for subsurface imaging. Backed by CITES. =F0=9F=87=A6=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 Cl=C3=BAster A= gtech C=C3=B3rdoba partners [ https://substack.com/redirect/b5a67308-28ec-4= 23a-8880-20288c84a0f0?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfg= M3m0rbAsF0l24U ] with The Yield Lab, BioSTL, and WTC St. Louis to boost agt= ech innovation and startup growth. =F0=9F=87=A7=F0=9F=87=B7 Brazil =F0=9F=87=A7=F0=9F=87=B7 Creditares launches [ https://substack.com/redirec= t/5268f5ee-ec76-4bfa-91b7-8c988ab974cd?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArD= fP822j-jnN48_jCfgM3m0rbAsF0l24U ] $20M FIDC to scale agricultural credit fo= r small producers in Brazil through its SaaS platform and agrobankers netwo= rk. =F0=9F=87=A7=F0=9F=87=B7 CAF expands [ https://substack.com/redirect/179c9c= 3c-b34d-42e0-ba76-4316b2a7843e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-j= nN48_jCfgM3m0rbAsF0l24U ] to the U.S., U.K., and Uruguay and launches Verif= AI Docs, an AI tool to detect fraud in unstructured documents with over 500= methods. =F0=9F=87=A7=F0=9F=87=B7 Koin partners [ https://substack.com/redirect/ca6d= 1495-8a55-44c1-a3b2-be311d07f394?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] with Zoop to launch integrated B2B antifraud an= d payment gateway solutions, enhancing e-commerce security and conversion. =F0=9F=87=A7=F0=9F=87=B7 Softplan splits public/private ops, launching [ ht= tps://substack.com/redirect/ee9dd03b-94f6-4a83-851f-175eaef0f0fc?j=3DeyJ1Ij= oiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] Starian to serv= e private-sector clients while Softplan focuses solely on public contracts. =F0=9F=87=A7=F0=9F=87=B7 Plaza invests [ https://substack.com/redirect/3a3b= c894-dacb-43d5-abb2-76833e2a9fae?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] $370K to launch Maya ADM, an AI tool automating= up to 90% of rental support via voice and WhatsApp to boost efficiency. =F0=9F=87=A7=F0=9F=87=B7 =C3=89der Medeiros, founder of Maker Market, inves= ts [ https://substack.com/redirect/db493d29-87d4-461d-a114-f60da7aa7f3f?j= =3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $180K = to launch a platform connecting 3D designers, printer owners, and e-commerc= e sellers in Brazil. =F0=9F=87=A7=F0=9F=87=B7 Nuvemshop invests [ https://substack.com/redirect/= 8c747c29-f63a-49cc-a479-324d6d37329e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP= 822j-jnN48_jCfgM3m0rbAsF0l24U ] $10M in Nuvem Chat, an AI-powered WhatsApp = tool to automate customer service and boost e-commerce conversions across L= atAm. =F0=9F=87=A7=F0=9F=87=B7 Rare earth startups seek [ https://substack.com/re= direct/39dfa9e4-881d-4187-8a38-a88f61482844?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFO= bqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $1B from BNDES and Finep to scale pr= ojects and position Brazil as a China alternative in the sector. =F0=9F=87=A7=F0=9F=87=B7=F0=9F=A4=9D=F0=9F=87=BA=F0=9F=87=B8 Matera partner= s [ https://substack.com/redirect/c469f920-2bbf-4abe-a3b1-db638b1be5f9?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Circ= le to let Brazilian banks manage USDC and multi-currency payments without i= ntermediaries. =F0=9F=87=A8=F0=9F=87=B1 Chile =F0=9F=87=A8=F0=9F=87=B1 Fintoc appoints [ https://substack.com/redirect/26= c07184-5dde-4af1-98cb-07f1972c6f7e?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] Ignacio Fern=C3=A1ndez as Country Manager for= Chile to drive its Openfinance growth and navigate the emerging fintech la= ndscape. =F0=9F=87=A8=F0=9F=87=B1 Credit=C3=BA, Comunidad Feliz, and Huella Estructu= ral win [ https://substack.com/redirect/4b4da9bb-ddab-4ac5-b86a-ef1b2fc1810= 7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] at = PropTech Latam Awards 2025 for innovation in fintech, property tech, and co= nstruction. =F0=9F=87=A8=F0=9F=87=B1 Melissa Mu=C3=B1oz launches [ https://substack.com= /redirect/fe531900-0018-42f9-a1b1-8043206ec4ed?j=3DeyJ1IjoiM2dmeXZtIn0.xu76= uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] AutistApp, a free tool offering o= rganizational and emotional support for autistic individuals. =F0=9F=87=A8=F0=9F=87=B4 Yuno expands [ https://substack.com/redirect/db4ff= c29-87d7-485f-b89e-6a909f15e2f2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] into Chile, serving clients like McDonald=E2=80= =99s, Rappi, and ComparaOnline with over 1,000 integrated payment methods. =F0=9F=87=A8=F0=9F=87=B4 Colombia =F0=9F=87=A8=F0=9F=87=B4 Sempli and Liquitech financed [ https://substack.c= om/redirect/15b03432-4246-4070-850a-6f904a35d229?j=3DeyJ1IjoiM2dmeXZtIn0.xu= 76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] 420 SMEs with $21.7M through fa= ctoring. The Colombian fintechs aim to reach $38M in originations by late 2= 025. =F0=9F=87=A8=F0=9F=87=B4 Payana and Alegra partner [ https://substack.com/r= edirect/954dc6ac-08ec-4e75-b480-0cd7c13e36a2?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uF= ObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] to bring AI to SME accounting in Co= lombia, boosting speed and reducing errors in financial operations. =F0=9F=87=A8=F0=9F=87=B4 Wingo boosts [ https://substack.com/redirect/ca0ac= 525-a0e1-48d6-8aac-a841d5a16018?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] digital payments across LatAm by partnering with= Yuno, raising approval rates by 14% with Smart Routing tech. =F0=9F=87=A8=F0=9F=87=B4 Yuno selects [ https://substack.com/redirect/eab7a= 0bd-4136-4175-962f-e9ad660184f6?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-= jnN48_jCfgM3m0rbAsF0l24U ] London as its European HQ to boost global expans= ion and support clients across Europe. =F0=9F=87=B5=F0=9F=87=B7 Evertec integrates [ https://substack.com/redirect= /e2d12419-e267-425a-a010-9df2295502f7?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDf= P822j-jnN48_jCfgM3m0rbAsF0l24U ] Google Pay across LatAm and will launch in= stant payments button in Colombia by September 2025. =F0=9F=87=A8=F0=9F=87=A6 Nuvei sets up [ https://substack.com/redirect/56ab= 4335-bdcd-4c8d-8138-f9105fe3d7b9?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j= -jnN48_jCfgM3m0rbAsF0l24U ] Colombia as its LatAm hub to expand operations = and boost digital payments with local talent and direct acquiring. =F0=9F=87=B2=F0=9F=87=BD Mexico =F0=9F=87=B2=F0=9F=87=BD Covalto, a fintech that acquired a bank, invests [= https://substack.com/redirect/12332c93-6ceb-4f97-8740-c5271a519732?j=3DeyJ= 1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] $71M in tech= to scale SME financing and sustain double-digit growth through 2030. =F0=9F=87=BA=F0=9F=87=B8=F0=9F=A4=9D=F0=9F=87=B2=F0=9F=87=BD Helium partner= s [ https://substack.com/redirect/4f2c5881-5d4c-4e3f-b359-ec0e1361e66e?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Movi= star Mexico and AT&T to expand mobile coverage using its decentralized hots= pot network. =F0=9F=87=B5=F0=9F=87=AA Peru =F0=9F=87=B5=F0=9F=87=AA Chazki targets [ https://substack.com/redirect/614= 0a6d8-2962-4e69-974a-cda5c886de02?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] 190 cities in LatAm by 2028 after 45% YoY grow= th and strong expansion in Argentina and Mexico. =F0=9F=87=A8=F0=9F=87=B1 Viper launches [ https://substack.com/redirect/72a= 36e53-2c90-42d3-88fc-7f05e793856b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822= j-jnN48_jCfgM3m0rbAsF0l24U ] in Peru with its emergency dispatch tech, part= nering with a major health insurer to manage 15+ prehospital units. =F0=9F=87=BA=F0=9F=87=B8 inDrive Money launches [ https://substack.com/redi= rect/4de4db06-b66d-4aa1-ab74-61c264e49847?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObq= ArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] in Peru to offer cash loans for driver= s. The service is provided in partnership with R2, aiming to improve financ= ial inclusion. =F0=9F=87=BA=F0=9F=87=BE Uruguay =F0=9F=87=BA=F0=9F=87=BE=F0=9F=A4=9D=F0=9F=87=AE=F0=9F=87=B3 dLocal partner= s [ https://substack.com/redirect/fc6c63af-a356-4900-b845-b640982dbddc?j=3D= eyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] with Jusp= ay to enhance cross-border payments with localized solutions across Africa,= Asia, and LatAm. =F0=9F=8C=8E Other LatAm News =F0=9F=87=A8=F0=9F=87=B4=F0=9F=8C=8E Minteo expands [ https://substack.com/= redirect/8125d457-8273-4ffc-b444-b9f901d4b665?j=3DeyJ1IjoiM2dmeXZtIn0.xu76u= FObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] stablecoin COPM across LatAm to st= reamline B2B payments, tripling clients in Colombia and targeting five new = markets. =F0=9F=87=A8=F0=9F=87=B4=F0=9F=87=B8=F0=9F=87=BB=F0=9F=87=AC=F0=9F=87=B9 Ne= qui expands [ https://substack.com/redirect/45651d87-e291-4d68-9e5a-866f361= d3ea5?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ]= to El Salvador and Guatemala to boost financial inclusion, starting with 1= 00K-user goal via Bancoagr=C3=ADcola. =F0=9F=87=B5=F0=9F=87=A6 Kuara adds [ https://substack.com/redirect/c8a235e= 6-4308-4ea9-a454-8c86c86a021d?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jn= N48_jCfgM3m0rbAsF0l24U ] Banistmo, expanding its real-time interbank paymen= t network to 900,000+ clients and boosting Panama=E2=80=99s digital finance= transformation. Big company & policy news =F0=9F=92=A1 =F0=9F=87=A6=F0=9F=87=B7 The Anti-Corruption Office cleared [ https://subst= ack.com/redirect/9d85b0eb-67d5-44fd-b33a-3fd33eea0466?j=3DeyJ1IjoiM2dmeXZtI= n0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] President Javier Milei of = any wrongdoing in promoting the crypto project $LIBRA, ruling it was a pers= onal action with no public resources or policy involvement. =F0=9F=87=A7=F0=9F=87=B7 Brazil will tax [ https://substack.com/redirect/73= 27f7d5-7cd4-4674-9980-3b055a8e4a3b?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP82= 2j-jnN48_jCfgM3m0rbAsF0l24U ] crypto profits at 17.5% and raise the betting= tax to 18% under a new fiscal bill. The measure aims to curb public revenu= e losses by tightening rules on digital assets and online gambling. =F0=9F=87=A8=F0=9F=87=B1 Bancada por la Innovaci=C3=B3n unveils [ https://s= ubstack.com/redirect/2f35c199-55d5-4c35-a0e8-c712d202ad17?j=3DeyJ1IjoiM2dme= XZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U ] roadmap to modernize C= hile=E2=80=99s startup ecosystem. The agenda, backed by 24 deputies, aims t= o boost tech entrepreneurship through legislative reforms. Interesting reads =F0=9F=92=A1 =F0=9F=8C=8E Contxto published [ https://substack.com/redirect/01ee4a86-83a= f-4530-a5c0-1402f76e5489?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_j= CfgM3m0rbAsF0l24U ] =E2=80=9CHow generative AI tools can help overcome lang= uage barriers=E2=80=9D, highlighting how platforms like Buddy.AI are using = voice-recognition and avatars to help children in LatAm improve their Engli= sh skills and overcome educational inequality. Thanks for reading Dealflow LatAm! Subscribe for free to receive new posts = and support my work. Unsubscribe https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2x= hdGFtLnN1YnN0YWNrLmNvbS9hY3Rpb24vZGlzYWJsZV9lbWFpbD90b2tlbj1leUoxYzJWeVgybG= tJam95TURrd01UYzBNallzSW5CdmMzUmZhV1FpT2pFMk5UZzRNekl3TWl3aWFXRjBJam94TnpVd= 01EY3lNRGMzTENKbGVIQWlPakUzT0RFMk1EZ3dOemNzSW1semN5STZJbkIxWWkwME5URTRPVFFp= TENKemRXSWlPaUprYVhOaFlteGxYMlZ0WVdsc0luMC5xOFJfMFd1bm1zMWxndmo5Q1FPYmVuck1= GMlItb3gzLWMwM0pMY2prZ0RzIiwicCI6MTY1ODgzMjAyLCJzIjo0NTE4OTQsImYiOnRydWUsIn= UiOjIwOTAxNzQyNiwiaWF0IjoxNzUwMDcyMDc3LCJleHAiOjE3NTI2NjQwNzcsImlzcyI6InB1Y= i0wIiwic3ViIjoibGluay1yZWRpcmVjdCJ9.5v1GlQqBp9mchdKv8TV9jdobAKAmUb589n9q98x= gtFk? --533c6d7f308bd19b018e12b83083b2cccaa9d83f2f93158c4ae8cd1ea47b Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Dealflow LatAm #38: Xepe= lin raises $54M. Agibank secures $370M via FIDC. BTG Pactual acquires Justa= =2E3D""
Welcome to the 38th edition of the Dealflow LatAm newsletter: a week= ly summary of everything that happened in the LatAm startup and investment = ecosystem.
͏     ­͏     ­͏ =     ­͏     ­͏     = 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;     ­͏     ­͏     = ­͏     ­͏     ­
<= table role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" c= ellpadding=3D"0">
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<= a href=3D"https://substack.com/redirect/2/eyJlIjoiaHR0cHM6Ly9kZWFsZmxvd2xhd= GFtLnN1YnN0YWNrLmNvbS9wL2RlYWxmbG93LWxhdGFtLTM4LXhlcGVsaW4tcmFpc2VzP3V0bV9j= YW1wYWlnbj1lbWFpbC1oYWxmLXBvc3Qmcj0zZ2Z5dm0mdG9rZW49ZXlKMWMyVnlYMmxrSWpveU1= Ea3dNVGMwTWpZc0luQnZjM1JmYVdRaU9qRTJOVGc0TXpJd01pd2lhV0YwSWpveE56VXdNRGN5TU= RjM0xDSmxlSEFpT2pFM05USTJOalF3Tnpjc0ltbHpjeUk2SW5CMVlpMDBOVEU0T1RRaUxDSnpkV= 0lpT2lKd2IzTjBMWEpsWVdOMGFXOXVJbjAuWmc3Q2xtZXhxamR0enZWTVZ3TmR1T0lxVDhoNHV2= SUdIZWxFMW5XLWJ1TSIsInAiOjE2NTg4MzIwMiwicyI6NDUxODk0LCJmIjp0cnVlLCJ1IjoyMDk= wMTc0MjYsImlhdCI6MTc1MDA3MjA3NywiZXhwIjoxNzUyNjY0MDc3LCJpc3MiOiJwdWItMCIsIn= N1YiI6ImxpbmstcmVkaXJlY3QifQ.YeRAYOkmChizJzMATNV4G_C7XNh8FXYJsBRW0sq0wuc?">=

Dealflow LatAm #38: Xepelin raises $54M. Agibank secures $370M= via FIDC. BTG Pactual acquires Justa.

Welcome to the 38th edition of the Dealflo= w LatAm newsletter: a weekly summary of everything that happened in the Lat= Am startup and investment ecosystem.

=
Yoel Rodríguez<= /a>
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READ = IN APP3D""
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Hey, it’= s Yoel 👋 Back again with the 38th edition o= f Dealflow LatAm—your go-to source for = all the deals, moves, and momentum in the region’s startup scene.

This week was relatively quiet by recent LatAm standards, but momentum hasn't s= talled. 🇧🇷 Brazil led the cha= rge, with major moves in funding, M&A, and ecosystem dev= elopment. While there were fewer big-ticket rounds<= span>, we still saw important activity in = 27474;🇽 Mexico and 🇨🇱= Chile, especially around AI a= nd fintech. The pace may have slowed, but the region is steadily moving forward.

<= strong>Plenty to break down—so let’s get into it= 🚀

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Startup funding news 💸

Rounds of $10M+:=

  • 🇧🇷 Agiban= k raises $370M via its first FIDC to expand credit operations through 2030. The issuance, backed b= y payroll-deductible loans, was oversubscribed and attracted 20 institution= al investors.

  • 🇲🇽 Xepelin <= a href=3D"https://substack.com/redirect/ef532af3-a062-46b2-a624-8f8698ab592= 8?j=3DeyJ1IjoiM2dmeXZtIn0.xu76uFObqArDfP822j-jnN48_jCfgM3m0rbAsF0l24U" rel= =3D"" style=3D"color: rgb(54,55,55);text-decoration: underline;">secures $54M from BBVA Spark to expand its AI= -powered financial platform for SMEs in Mexico. The funds will support cred= it access and digital finance tools for over 50,000 businesses.

    <= /li>

  • 🇧Ӻ= 79; Meliuz raises $32.4M in a share of= fering to buy bitcoin, positioning itself as Brazil’s first bitcoin t= reasury company.

Rounds $1M to $10M:<= /strong>

  • 🇧🇷 Frente<= /strong> raises $5.5M in a Series A round to expand its intern= ational Pix-based payment service. The round was led by Magm= a Partners, marking its first fintech investment in Brazil.<= /span>

  • = 7474;🇽 Lounn raises $1M in a p= re-seed round to automate SME credit with AI. The round was led by <= strong>Kolab Ventures and Highline Beta, and will fund tech development and credit process automation.

Other rounds of funding:

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

  • 🇧🇷 Nekt <= /span>rais= es $900K to expand its AI data platform. The round was led by Alexia Ventures, with founders of RD Station, Trybe, and others= participating.

  • 🇧🇷 clickCompliance r= eceives $300K from Cemig to build a= n AI-based whistleblower channel and modernize its digital compliance platf= orm.

  • 🇦🇷 Talentum raises = $250K to scale its AI recruiting platform "Sara". The round was led by Allygatr, with part= icipation from First Check Ventures.

    • M&A transactions 🎊

    • &= #127463;🇷 BTG Pactual acquires Justa to expand its SME payment solutions. = The deal strengthens BTG’s fintech portfolio and supports its interna= tional strategy, leveraging Justa’s digital payment tech.

      <= /li>

    • 🇧Ӻ= 79; Afinz acquires D3 P= agamentos to expand its SME services. The deal strengthens i= ts integrated fintech platform under the new "Afinz Empresas" unit.<= /p>

    • 🇺&#= 127480;🤝🇧🇷 Warburg Pincus

      &#= 127482;🇸🤝🇨🇱 Exagon Impact Ca= pital acquires SunRoof = to boost C&I solar in Mexico. The deal adds to Exagon’s LatAm ren= ewables portfolio, leveraging SunRoof’s AI cleaning tech.

      <= /li>

    Investor & accelerator news 🚀

    <= span>🇧🇷 Axcell and Idesam launch a $4.5M fund to invest in up to 10= bioeconomy startups in the Amazon, with checks ranging from $180K to $1.8M= =2E

    🇧🇷 Pátri= a Investimentos raises $18M for its Re= forest Fund to support reforestation and asset development, = with participation from Vélez and Bracher.

    🇧 = 7479; Greener and Iriun launch Noris, a JV focused on= M&As of solar plants in Brazil, aiming to boost consolidation in the d= istributed generation sector.

    🇧㇋= 9; Sebrae-SP announces $45M plan throu= gh 2029 to support AI startups and emerging hubs after GSER = 2025 recognition.

    🇧 = 7479; RV (ex-Randon Ventures) eyes tw= o new investments in 2025 after exits from Money Money (acquired by Fiserv) and Delta Global. The CVC also expands with its own startup= acceleration program.

    🇨🇱 Centro Tecnológico de Economía Circular= ge= ts $1.75M from Gobierno Regional an= d Corfo to boost sustainable innovation in Lo= s Lagos.

    🇨🇱 Qui= ntil Lab Viña launches with a $500K fund to acce= lerate sustainable mining startups in LatAm. The program is backed by Quintil Valley and Distrito V21.

    Opportunities & Deadlines 👀

    • 🇵🇾 Paraguay Tech Week= 2025 will gather startups, VCs, and fintechs in Asun= ción from June 17 to 19.

      • =

    • 🇨🇱 = Instituto 3IE and HENUA TECHNO= LOGIES launch a free program to help startups scale w= ith sustainability; applications open until June 18= .

    • 🇨🇱 ProChile and Corfo launch GoGlobal 2025 to help 50 startups expand abroad; applications open until June 18.

    • 🇨🇱 Transelec Ve= ntures opens a new call for startups to co-develop so= lutions in market intelligence and operational risk modeling. Deadline: June 23, 2025.

    • 🇺🇸🌎 AWS opens applications for the Generative AI = Accelerator 2025 to support 5 LatAm startups; deadline is July 10.

    • 🇲🇽 Bitso launches Hackathon MXNB w= ith up to ~$7K for DeFi/payment projects using MXNB. Backed by Arbitrum, QED, Portal. Deadline: July 14.<= /span>

    • = 7463;🇷 South Summit announces = its Climate & Bioeconomy edition in Bel&#= 233;m, set for July 15–16, with a focus on innovation, sustainability= , and COP30.

    • 🇲🇽 Da= ikin launches AirTech Challenge 2025 for HVAC startups. Winners pitch in Monterrey and win a trip = to Japan. Deadline: July 31, 2025.

    • 🇲🇽 <= strong>VTEX CONNECT LATAM 2025 returns to Mexico on <= /span>September 25 to unite digital commerce leaders= for networking and innovation.

    • 🇨🇱 Transbank and ChileConverge launch = a new SME support cycle with free workshops and digital tools running throu= gh November 2025.

    • 🇨🇱 NTT DATA Chile opens eAwards 2025 for tech startups creating positive impact. Applications open= until end of 2025.

    Startup news 💡

    🇦🇷 Argentina

    • 🇦🇷 Ab Astra = joi= ns Neuquén’s tech hub as its first startup, using cosm= ic rays for subsurface imaging. Backed by CITES.

    • = 🇦🇷🤝🇺🇸 Clúster A= gtech Córdoba partners with The Y= ield Lab, BioSTL, and <= strong>WTC St. Louis to boost agtech innovation and startup = growth.

    🇧🇷 Brazil

    • 🇧🇷 Creditares <= /span>laun= ches $20M FIDC to scale agricultural credit for small producers i= n Brazil through its SaaS platform and agrobankers network.

      • =

    • 🇧🇷 = CAF expands to the U.S., U.K., and Uru= guay and launches VerifAI Docs, an AI tool to= detect fraud in unstructured documents with over 500 methods.

    • 🇧Ӻ= 79; Koin partners with = Zoop to launch integrated B2B antifraud and payment gateway = solutions, enhancing e-commerce security and conversion.

      • 🇧🇷 Softplan splits public/private ops, launching<= span> Starian to serve private-sector clients= while Softplan focuses solely on public cont= racts.

    • 🇧🇷 Plaza invests $3= 70K to launch Maya ADM, an AI tool automating= up to 90% of rental support via voice and WhatsApp to boost efficiency.

    • Ӻ= 63;🇷 Éder Medeiros, founder of <= /span>Maker Market, invests $180K to launch a= platform connecting 3D designers, printer owners, and e-commerce sellers i= n Brazil.

    • = 🇧🇷 Nuvemshop invests $10M in Nuvem Chat, an AI-powered WhatsA= pp tool to automate customer service and boost e-commerce conversions acros= s LatAm.

    • <= span>🇧🇷 Rare earth startups <= /span>seek= $1B from BNDES and = Finep to scale projects and position Brazil as a China alter= native in the sector.

    • 🇧🇷🤝🇺🇸 Matera partners with Circle to let Brazilian banks manage USDC and multi-currency payments wit= hout intermediaries.

    🇨🇱 Chile=

    • 🇨🇱 Fintoc= appoints Ignacio Fernández= as Country Manager for Chile to drive its Openfinance growth and navigate = the emerging fintech landscape.

    • 🇨🇱 Creditú<= /strong>, Comunidad Feliz, and <= strong>Huella Estructural win at PropT= ech Latam Awards 2025 for innovation in fintech, property te= ch, and construction.

    • 🇨🇱 Melissa Muñoz launches AutistApp, a free = tool offering organizational and emotional support for autistic individuals= =2E

    • &#= 127464;🇴 Yuno expands into Chi= le, serving clients like McDonald’s, Rappi, and ComparaOnline with over 1,000 integrated payment methods.

    🇨🇴 Colombia

    • 🇨Ӻ= 76; Sempli and Liquitech financed 420 SMEs with $21.7M through factoring. The Colom= bian fintechs aim to reach $38M in originations by late 2025.

    • 🇨Ӻ= 76; Payana and Alegra= partner to bring AI to SME accounting in Colombia, boosting s= peed and reducing errors in financial operations.

    • 🇨🇴 Wingo boosts digital payments across LatAm by p= artnering with Yuno, raising approval rates b= y 14% with Smart Routing tech.

    • 🇨🇴 Yuno<= span> selects London as its European HQ to boost global expansion an= d support clients across Europe.

    • 🇵🇷 Evertec integrates Google Pay across LatAm and will launch instan= t payments button in Colombia by September 2025.

    • 🇨🇦 Nuvei sets up Colombia as its LatAm hub to expa= nd operations and boost digital payments with local talent and direct acqui= ring.

    🇲🇽 Mexico

    • 🇲🇽 Covalto, a fin= tech that acquired a bank, invests $71M in tech to scale SME financi= ng and sustain double-digit growth through 2030.

    • 🇺🇸🤝&= #127474;🇽 Helium partners wi= th Movistar Mexico and AT&= T to expand mobile coverage using its decentralized hotspot = network.

    🇵🇪 Peru

    🇺🇾 Uruguay

    • = 🇺🇾🤝🇮🇳 dLocal partners with Juspay to enhanc= e cross-border payments with localized solutions across Africa, Asia, and L= atAm.

    🌎 Other = LatAm News

    • 🇨🇴🌎 Minteo expands stablecoin C= OPM across LatAm to streamline B2B payments, tripling client= s in Colombia and targeting five new markets.

    • 🇨🇴🇸Ӻ= 83;🇬🇹 Nequi expands to= El Salvador and Guatemala to boost financial inclusion, starting with 100K= -user goal via Bancoagrícola.

      =

    • 🇵= 462; Kuara adds Banistm= o, expanding its real-time interbank payment network to 900,= 000+ clients and boosting Panama’s digital finance transformation.

    Big company & policy news 💡

    🇦🇷 The Anti-Corruption Office cleared President Javier Milei<= span> of any wrongdoing in promoting the crypto project $LIB= RA, ruling it was a personal action with no public resources= or policy involvement.

    🇧🇷 Brazil will tax crypto profits at 17.5% a= nd raise the betting tax to 18% under a new fiscal bill. The measure aims to curb public revenue losses by tightening ru= les on digital assets and online gambling.

    = 27464;🇱 Bancada por la Innovación u= nveils roadmap to modernize Chile’s startup ecosystem. The = agenda, backed by 24 deputies, aims to boost tech entrepreneurship through = legislative reforms.

    Interesting reads 💡

    🌎 Contxto published “How generative AI tools can help = overcome language barriers”, highlig= hting how platforms like Buddy.AI are using v= oice-recognition and avatars to help children in LatAm improve their English skills and overcome educational inequality.=

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