Deals

▸ General Atlantic led a USD63m Series B+ for QI Tech, a Brazil-based API-based credit issuance platform.

• General Atlantic led a USD200m Series B in October 2023; GIC led a USD50m Series A in November 2021.

▸ IDB Invest provided a USD50m financing package to Brazilian fintech Stone to expand credit access for SMEs, particularly women-led businesses, in Brazil’s Amazon region. 

▸ Juvo, a Brazilian personal loan platform, raised ~USD25m through a FIDC (Fundo de Investimentos em Direitos Creditorios) from SRM, Itaú Asset Management, Augme Capital, EQI Asset and Credit Saison.

▸ Ribbit Capital led a ~USD18m Series A for Tako, a Brazilian payroll management platform, with follow-on from Andreessen Horowitz and ONEVC. 

• Ribbit Capital and Andreessen Horowitz led a USD13.2m seed round in November 2024. 

▸ monashees and FinTech Collective co-led a USD 13m seed round for Monato, a Mexican embedded finance infrastructure platform, with participation from IGNIA Partners, Clocktower Ventures, Polymath, Angel Ventures, Kuiper and NOA Capital. 

• Angels participating included Jesus Lanza Losa (Lottus, Mattilda), Eric Rosenthal (Rapyd), Fernando Casares (CxC) and Itai Damti (Unit).

▸ Inventa, a Brazilian marketplace connecting regional wholesalers with local retailers, invested ~USD7.3m in Unlock, a Brazilian e-commerce solutions platform.

• Greylock led a USD55m Series B for Inventa in April 2022.

▸ monashees, Upload Ventures, ONEVC and Norte Ventures invested ~USD6.4m in IORQ, a Brazilian credit infrastructure and digital lending platform. 

• IORQ was co-founded by Patrick Sigrist (Nomad, iFood). 
• IORQ recently acquired Quatá Investimentos, a Brazilian asset management platform with ~USD500m in AUM. 

▸ Alma Sustainable Finance invested USD5m in RapiCredit, a Colombian credit platform.

▸ HEALTHTECH | Headline led a ~USD3m seed round for Neurogram, a Brazilian healthtech platform for automating the analysis of neurological exams. 

• WOMEN-LED | Neurogram was co-founded by Daniele de Mari.

▸ Salkantay Ventures and Alaya Capital led a USD1.4m seed round for Equip, a Peruvian B2B wholesale marketplace for construction material and equipment. 

▸ Criatec 4 led a ~USD1.3m round for SleepUp, a Brazilian wearable sleep device startup, with participation from GVAngels, Poli Angels, Sororitê and Anjos do Brasil.

▸ HRTECH | Yapp, a Brazilian recruitment automation platform, raised ~USD1m from undisclosed angels.

▸ HRTECH | Hunty, a Colombian recruitment platform, raised USD1m from Cometa, QED Investors, Matterscale Ventures, Newtopia VC and Kalei Ventures.

▸ SPORTS | DOMO VC and OutField made a ~USD1m follow-on investment in FanBase, a Brazilian engagement platform for sports clubs and their fans, with participation from Harvard Angels. 

• DOMO led a ~USD200k round in 2023. 

▸ DOMO VC led a ~USD340k seed round for Leggal, a Brazilian corporate legal benefits startup, with participation from Anjos do Brasil.

▸ Newtopia VC invested in Nexa Finance, a Brazilian alternative investments platform. 

• Norte Ventures led a ~USD1.6m pre-seed round in December 2024.

▸ BuenTrip Ventures invested in Aloja, an Ecuador-based dynamic pricing platform for touristic activities.

▸ HRTECH | Alaya Capital invested in Efektiva, a Mexican AI-enabled business onboarding and verification platform.  

▸ SPORTS | Link Ventures made an undisclosed investment in Gaio, a Brazilian social media customer engagement platform. 

▸ CROWDFUNDING | Flapper, a Brazilian on-demand private aviation platform, raised ~USD1m via crowdfunding.

• Flapper raised an undisclosed Series A+ in June 2024; DXA Invest and Arien led a ~USD6m Series A+ in Nov 2022; ACE Startups and Aerotec led a ~USD2m Series A earlier this year.

M&As and Exits

▸ EXIT | monashees, Endeavor Catalyst, Ribbit Capital, 500 Global and Tiger Global exited ContaAzul, a Brazilian ERP platform for SMEs, through a sale to Visma, a European business management software company. 

• The acquisition marks Visma’s expansion into Brazil. 

▸ M&A | Buk, a Chilean employee management platform, acquired Bemmbo, a Chilean payment automation startup. 

• Buk last raised a ~USD50m Series B led by Headline in January; Bemmbo raised USD500k from Platanus Ventures and others in 2023. 

▸ M&A | olist, a Brazilian e-commerce startup, acquired Brazilian credit platform Flip to enter the debt financing market for SMEs. 

• SoftBank Latin America led a USD62m Series D in 2020; Goldman Sachs Asset Management led a ~USD23m extension in 2021. 

▸ M&A | UBITS, a Colombian corporate learning platform, acquired Valu, a Mexican AI-enabled recruiting platform. 

• UBITS last raised a USD25m Series B from Endeavor Catalyst, Salkantay Ventures, Riverwood Capital and others in 2021.

Funds

▸ DEG made a USD15m commitment to Canary’s fourth flagship fund to invest in early-stage startups in Brazil.

• Canary IV has a USD100m target.

▸ Patagonia Startups acquired Dadneo’s angel investor network to strengthen its early-stage investment platform in Chile.

News

▸ PAYMENTS | Colombia’s central bank launched BRE‑B, a new instant-payments system modeled after Brazil’s PIX.

• BRE-B will enable free, 24/7 transfers using “keys” tied to phone numbers, email or national ID, and is expected to roll out in September. Already, 39 financial institutions have signed up, including Bancolombia and Davivienda. 
• Situational awareness: Brazil’s PIX now registers nearly ~USD500b in monthly transactions and serves over 175 m users (over 90% of the adult population) in the country.

▸ AI | Chile’s National Center for Artificial Intelligence is leading a coalition to launch Latam-GPT, a 50 billion-parameter open-source language model built for Latin American Spanish and Portuguese.

• The coalition includes CENIA, Universidad de Chile and more than 30 public, academic and civic institutions across the region.
• At 50B parameters, Latam-GPT is significantly smaller than OpenAI GPT-4 (~1 trillion) but trained on regional datasets to reduce hallucinations and better handle Indigenous and local dialects such as Quechua, Mapudungun, and Caribbean Spanish.

▸ CROSSBORDER | Gupshup, an SF- and India-based marketing platform, raised USD60m to expand into Brazil.

• The equity-and-debt round was led by Globespan Capital Partners and EvolutionX Debt Capital and will fund regional product rollouts and AI agent deployment across LatAm, MENA, Africa and India.

Global Tech

▸ Sign up for GPCA’s Global Tech Brief, a monthly newsletter that covers tech activity in Asia, Latin America, Africa, CEE and the Middle East.