November 2025: VC Hits the Gas Again in Latin America

Last month (November) didn’t feel like a “cold” market at all: there were investment announcements of more than US$2.5B in Mexico and rounds close to US$100M in Brazil, enough to trigger FOMO alerts across the ecosystem.

At Cuantico VP, this newsletter is designed to be read in just a few minutes, month after month, bringing together the stories that truly move the needle.

The idea is simple: to help you see, at a glance, what is happening in the venture capital industry market by market, covering the entire region from Mexico to Argentina, including Brazil.

Mexico

• Nu Announces $2.5B Investment for Future Expansion The capital will be allocated over the next five years to expand its credit offering, launch new products, and secure its transition to a full banking license.
• Clara Secures $70M in Structured Debt Obtained financing from international credit lines to expand its corporate card and payment solutions across the Mexican and Colombian markets.
• $150M Partnership Between OneCarNow and DiDi for EV Fleet Agreement to deploy over 8,000 electric vehicles in two years, aiming to lower operating costs for drivers and promote cleaner mobility.
• Solvento Integrates Financial Workflows with Freight Technologies Strategic alliance to merge logistics management with factoring and payment tools directly within the transportation management system.
• Spin by OXXO Extends Visa Partnership and Plans Credit Cards After reaching 10 million users, the fintech renewed its agreement for eight years and is preparing to launch credit products to deepen its financial offering.

Central America & Caribbean

• Government of Belize and the IDB Present National Digital Transformation with Unveiling of the National Digital Infrastructure Plan.
• Digicel Barbados Rolls Out Solar-Powered 5G+ Major telecom infrastructure upgrade emphasizes sustainability.
• El Salvador Named Fastest Growing Startup Ecosystem The country jumped over 400 positions in the 2025 global startup ranking, highlighting its recent rapid growth.
• Tala Expands Operations to Guatemala The AI-powered credit platform has launched services in the country to serve underserved and informal market segments.
• AI-Driven Business Transformation Accelerates 71% of regional CEOs now prioritize AI investment, outpacing global peers in adoption for business transformation.
• Panama Hosts CONECTA LATAM 2025 Major telecommunications and innovation summit in Panama City focuses on digital infrastructure and connectivity.

Colombia

• Solenium Obtains $40M in Debt for Solar Farms Secured financing from development institutions and private capital to expand its operational solar farm projects.
• Revolut Secures Banking License The global fintech obtained authorization to operate as a bank, planning a full-service launch in 2026 including local payments and remittances.
• Unergy Raises $5M for Solar Minifarms Capital is earmarked for the deployment of 80 new clean energy projects, managing additional funds for infrastructure financing.
• Nu Colombia Exceeds 4 Million Users The neobank reported massive growth in deposits and its user base, solidifying its rapid adoption in the local market.
• Rappi Reports Double-Digit Growth Metrics The company registered a 40% year-over-year increase in its delivery workforce and significant improvements in order volume according to its real-time index.

Peru

• Ligo and LigoPay Join Central Bank QR Pilot Participating in the national initiative to enable instant and interoperable payments using QR codes.
• Tupay Projects $500M in Volume Following 800% Revenue Growth The fintech consolidated its all-in-one payment platform, reporting substantial growth in transaction volume.
• Bnka Launches Mastercard for Migrants A new solution enabling Peruvian migrants abroad to pay in soles using virtual or physical cards.
• ProntoPaga Partners with Yape for Recurring Payments The first integration enabling recurring billing for entertainment services via the leading digital wallet's "On File" system.

Argentina

• Ariel Szarfsztejn to Become New CEO of Mercado Libre in 2026 A historic executive leadership change was announced, succeeding founder Marcos Galperin in leading the region's largest tech giant.
• Mercado Pago Seeks Banking License The company is pursuing authorization to offer salary and benefits (ANSES) accounts, aiming to reduce its funding costs.
• Avedian Raises $2.2M for Healthtech Expansion The AI-based hospital management startup will use the funds to target international markets including Mexico, China, and India.
• Sensify Receives $2M for Refrigeration Intelligence Closed an investment round backed by corporate capital to scale its IoT monitoring technology in the consumer sector.
• BlinkTrip Grows 400% Using Generative AI The travel tech startup surpassed $1 million in revenue through its automated, personalized trip planning engine.

Chile

• Vambe Closes $14M Series A for Conversational Commerce The startup will scale its AI autonomous agent platform to automate commercial cycles across large enterprises in the region.
• Visma Acquires Proptech Comunidad Feliz for ~$70M The Norwegian software group purchased the leading building administration proptech to strengthen its strategic expansion in Latin America.
• Cenit Raises $1.8M Seed Round for Tax Automation Secured seed capital to scale its automated tax management application for SMBs in both Chile and Mexico.
• BCI Increases Startup Funding Pool to $150M The financial institution expanded its capital available to support the growth and internationalization of Chilean ventures toward the U.S.
• Frankles Secures $1M for Biotechnological Upcycling The biotech firm will transform agro-food waste into high-value biocompounds using circular economy principles.

Brazil

• Creditas Raises $108M in Series G Closed a new financing round at a high valuation, accompanied by a strategic private banking partnership.
• PX Secures $47M for Logistics Expansion Completed the largest logistics funding round of the year in LatAm to finance its technological growth and future U.S. entry.
• The Led Receives $27.6M for Retail Media Obtained capital to expand its network of digital advertising within physical stores, a rapidly growing segment.
• Mercado de Recebíveis Closes $28.1M FIDC Fund Structured a financial vehicle to scale its blockchain-backed credit offering following massive volume growth.
• Ume Closes $21M Series B Secured investment to expand its payment and credit network built upon the national Pix instant payment infrastructure.

Rest of the Region

• dLocal Plans Strategic Expansion in Africa The Uruguayan unicorn will deepen its presence across the African continent, leveraging demand from cross-border e-commerce.
• Exodus Acquires Uruguayan Startup Grateful for $3M A strategic acquisition to integrate stablecoin payment solutions and strengthen its crypto wallet ecosystem.
• Ridery (Venezuela) Launches "Panita," an AI Assistant on WhatsApp The Venezuelan startup introduced a locally built tool to manage transport and ticket payments entirely through the chat application.
• Lysto and Rapikom Win Antitrust Case in Venezuela A legal ruling that ends exclusivity deals for competitors, opening up the Buy Now, Pay Later (BNPL) market.
• Lumepic (Uruguay) Secures Seed Funding The marketplace connecting photographers with clients closed an investment round to scale its platform.