Hola amig@s fintech,

This week, we're handing the introduction over to our events expert Ramon!

Thanks to those who attended our Founders Dinner and the Fintech Talks at #MexicoFintechWeek! Meeting more than 200 FinTech founders, operators, and VCs was marvelous, as well as having Nik and Dennis in Mexico City. 

We also want to thank our partners, Gilgamesh Ventures, QED Investors, Cobre, and Taktile, for co-hosting these community events with us. 

Stay tuned for our next Buenos Aires, São Paulo, and Bogotá events. If you'd like to partner with us for future events, please email us at ramon@thisweekinfintech.com. 

Until next weekend. Até a próxima!

• Ramon

🌐 TWIF Community

🗣️ Channels

📊 Stat of the Week 

Latinometrics’ article "Stocks Abroad" highlights the prominence of LatAm companies listed on major U.S. stock exchanges. Argentina’s Mercado Libre leads with a market capitalization of $95 billion and nearly $900 million in daily trading volume. Brazil’s Nubank, having surpassed 100 million customers across Brazil, Colombia, and Mexico, boasts a higher average daily trading volume than established banks like Itaú Unibanco and Bradesco. In Mexico, Monterrey-based Cemex, the leading cement company, and FEMSA, the conglomerate behind Oxxo stores, are notable players. Chile's LATAM Airlines also stands out with a daily trading volume of $100 million. These companies exemplify diverse sectors where LatAm firms have achieved significant international investor interest. (Source)

📖  Read of the Week

The "Finnovista Fintech Radar México 2025", by Finnosummit, MasterCard, and Galileo highlights the sustained fintech growth with over 803 active startups, representing an 18% increase compared to 2024. The digital payments segment leads with a 32% share, followed by lending at 22% and investment management at 15%. Additionally, 60% of fintechs in Mexico have already secured funding, and total sector investment exceeds $2.5 billion. Financial inclusion remains a key growth driver, with 70% of fintechs focused on expanding access to financial services. 

🎙️ Podcast of the Week

💸 Venture Financing

💸 Equity

 🇧🇷 Capim, the Brazilian BNPL startup for dental services, raised a $26.7 million Series A round, led by Valor Capital and QED Investors, with participation from ONEVC, Canary, and NXTP, Endeavor, Saison, and Actyus.

🇨🇴 Sytrex, the Colombian company automating financial processes with AI, secured a $1.1 million round with participation from Broom Ventures, Aito Capital, Kuiper Ventures and AAC Capital.

💵 Debt 

🇨🇱 Maxxa, the Chilean startup for SMEs, Symbiotics, the fund management company, and Delphos, the financial advisory for emerging markets, announced a $106 million financing deal to support SME growth in Chile.

🇲🇽 Aviva, the Mexican financial services provider, received backing from Addem Capital and Banco Covalto to enhance its lending solutions and to expand credit access for underserved businesses and individuals in Mexico.

💰 Venture funds 

🇲🇽 Círculo de Crédito, the Mexican credit bureau, launched a Corporate Venture Capital (CVC) fund to accelerate the growth of innovative startups. The initiative aims to support early-stage companies developing cutting-edge financial and technological solutions.

🇧🇴 Startup, Focax, and Focana, are three newly announced investment funds to be launched as part of the government of Bolivia's efforts to support startups and economic development..

📺 Sponsored Content

Want to sponsor a newsletter? See our sponsorship information here or reach out to latam@thisweekinfintech.com. Want to sponsor an event with the TWIF LatAm community?  Check out the FAQ here, send us your info via this form or reach out to latam@thisweekinfintech.com

🚀 Product Launches & Partnerships

💻 Fintech

🇧🇷 Juros Baixos, the Brazilian digital lending platform, announced the expansion of its portfolio by introducing motorcycles as collateral for loans. This new offering aims to provide more accessible credit options to individuals who may not have traditional assets to secure financing.

🇲🇽 Betterfly, the Chilean corporate wellness and insurance platform, announced the launch of a new AI-powered health and insurance solution for companies in Mexico. The platform now offers a range of insurance products, including major medical expenses, accident, and indemnity health insurance, with a preventive approach. 

🌎 Yuno, the Colombia payment platform, and Snoonu, Qatar’s super app, signed an MoU at the Web Summit Qatar to reinforce both companies’ commitment to innovation, security, and efficiency in digital transactions.

🏦 Financial Services & Banking 

🇨🇴 Dock, the Brazilian banking infrastructure provider, and Credibanco, announced a partnership to support Bre-B, Colombia’s new instant payment system, inspired by Brazil’s Pix. Set to launch in September, Bre-B will enable instant 24/7 transactions, with Dock providing a cloud-native infrastructure for seamless adoption.

📜 Policy

🇨🇴 Quantfury, the Colombian commission-free trading platform, received authorization from Colombia’s financial regulatory agency (Financial Superintendency) to operate in the country. 

🇲🇽 FEMSA, the Mexican conglomerate that owns OXXO stores, announced its intention to apply for a banking license in Mexico, aiming to enhance its financial services business. 

📰 Other News

🌎 Patrick McHenry was named Senior Advisor at VC firm Andreessen Horowitz. 

🇲🇽 Alibaba Cloud launched its first cloud region in Mexico to accelerate digital transformation in LatAm and to enhance data processing capabilities and support local businesses.

🇧🇷 Azos, the Brazilian insurtech, raised a $30.5 million Series B round led by Lightrock. The company aims to scale its digital insurance offerings and improve accessibility to life insurance products in Brazil.

🇲🇽 Vemo, the Mexican startup focused on electric mobility, raised a $63.7 million round led by Beel Credit, Banco Covalto, Kapital, and Promecap, to accelerate the adoption of sustainable transportation solutions.

🇲🇽 Algorand’s blockchain tokenized 70% of Mexican domestic airline tickets, revolutionizing ticketing and enhancing transparency and efficiency in the aviation sector.

📚 Deeper Reads

Crunchbase’s AI can predict startup success with 95% accuracy—will it change investing?

A future full of potential: discover 6 trends for the fintech market (PO)

The potential of ‘embedded banking’ for financial institutions (ES)

Banks and HR companies look to fintech to meet the growth of payroll advances in Latam (ES)

📣 LatAm startup people who have been impacted by layoffs and recruiters looking for top talent, check out our JOBS webpage.  

Made in LatAm with 🩵 by 

Elena, Digital Innovation Manager at Banco Azteca

Daniela, Investment Associate at Cultivo

Lorena, Head of Policy for Spanish-speaking LatAm at Tools for Humanity

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