Arnaud - Scenius LATAM

The startup will enter Chile, Colombia, and Peru in 2025, with plans to launch in Brazil by 2026.

With major clients such as Mercado Libre, FEMSA, and McDonald’s already onboard, Mendel plans to use the new funding to further enhance its artificial intelligence capabilities, refine its travel module, and expand its presence across Latin America.

Mendel raises a US$35 million Series B round 🇲🇽

Mendel, a Mexico-based Fintech specializing in enterprise spend and travel management, offers a centralized platform that integrates expense management, payments, and corporate travel into a single AI-powered solution.

Yuno, founded in 2022 by former Rappi employees, enables businesses to access over 1,000 payment methods through a single integration and operates in more than 50 countries.

Partnering with Invest Qatar, the company will develop localized payment solutions and tap into the region’s rapidly growing e-commerce market.

The move aligns with Qatar’s national strategy to diversify its economy through fintech innovation.

🇨🇴 Yuno is Expanding to the Middle East

Colombian payments orchestration platform Yuno is expanding to the Middle East by establishing its regional headquarters in Qatar.

The startup’s technology streamlines e-commerce by handling customer interactions, product recommendations, payments, and deliveries without human intervention.

Founded in 2023, Yavendió has helped over 100 brands in Mexico and Peru boost sales by 30% while reducing operational costs by 80%.

🇲🇽 Yavendió US$850K Pre-Seed Round

Mexican startup Yavendió raised an US$850K pre-seed round to enhance its AI-powered WhatsApp sales automation platform.

With strong track records in impact investing, both organizations aim to bridge the early-stage funding gap by providing capital, mentorship, and strategic connections to help startups grow and drive sustainable change in the region.

Targeting sectors like education, health, financial inclusion, and climate tech, the fund will offer investments between US$100,000 and US$300,000, prioritizing scalable tech-driven businesses.

🇲🇽-🇨🇱 Impact Ventures PSM Seed New US$5 M Fund

Impact Ventures PSM and Impacta VC have launched Impact Ventures PSM Seed, a US$5 million pre-seed and seed fund to support up to 20 early-stage impact startups in Latin America.

With over 3,500 drivers already financed, more than 50% choosing electric solutions, and strategic backing from investors like Riverstone and Orion Infrastructure Partners, VEMO aims to accelerate sustainable mobility while improving financial accessibility for drivers across Mexico.

VEMO Impulso offers access to Mexico’s largest public EV charging network, specialized workshops, advanced telemetry, and performance-based incentives.

This funding will support its vehicle leasing program, allowing independent mobility platform drivers to own electric vehicles through flexible financing options.

🇲🇽 VEMO Secures US$77 million in Financing

Cleantech VEMO secured $1,300 million pesos (approx. US$77 million) in financing to expand its Fintech arm, VEMO Impulso.

This major investment is expected to strengthen Venezuela's telecommunications infrastructure and provide a better user experience across both 4G and 5G networks.

The rollout includes the installation of 805 nodes across the country, aiming to achieve near-national coverage and significantly improve connectivity, speed, and stability, particularly in urban and densely populated areas.

🇻🇪 Telefónica to Invest US$500 Million in Venezuela

Telefónica is set to invest US$500 million in Venezuela to enhance its 4G network and deploy 5G technology using the Dynamic Spectrum Sharing scheme in the newly acquired 2,600 MHz band.

It is worth noting that Nvio is authorized as an Electronic Payments Institution in Mexico, suggesting that BYX Capital may leverage this license to enter the Mexican market and expand its footprint beyond Brazil.

The company is now diversifying into collateralized credit, including home equity, vehicle financing, and receivables-backed loans, offering lower interest rates due to reduced risk.

🇧🇷 BYX Capital acquired Nvio from Bitso

BYX Capital, a Fintech specializing in payroll loans, has acquired Nvio, a direct credit company previously owned by Bitso.

The acquisition, pending approval from Brazil's Central Bank, will strengthen BYX’s banking structure and enhances transaction security

As part of Nubank's strategy to expand its ecosystem, NuCel is expected to eventually enter the Colombian market, further diversifying its offerings.

Fully integrated into the Nubank app and initially available in Brazil for eSIM-compatible devices, the service provides unlimited calls, free WhatsApp data, and exclusive app benefits with automatic credit card billing.

Nubank Launches Mobile Operator NuCel

NuCel is the new mobile operator launched by Nubank in Colombia.

It aims to compete with major carriers like Claro and Tigo by offering flexible, affordable plans starting at $37,000 (approx. US$9).

Pablo Guzzi, Ualá’s Chief Data & Analytics Officer, stated that this collaboration marks a significant milestone in delivering superior service.

Initially available in Argentina, the platform will soon expand to Mexico and Colombia, with proactive support capabilities integrated into the Ualá app.

🇦🇷 Ualá Launched an AI-powered Chatbot

Fintech Ualá has launched an AI-powered chatbot called Uali, built on OpenAI’s GPT-4 model.

Uali not only understands user queries but also proactively offers personalized solutions to enhance the customer experience

With the new funding, GenLogs plans to enhance its intermodal insights by installing sensors at key ports to track freight flows from end to end and expand its operations into Mexico, starting along the border and eventually covering major highways throughout the country.

Recently, GenLogs introduced a free investigative service to combat freight theft, which costs the industry US$800 million annually.

🇺🇸-🇲🇽 GenLogs raises US$14.6 million to go to Mexico

GenLogs is a freight intelligence platform that utilizes roadside sensors and cameras to collect data on trucks and trailers, applying methodologies inspired by counterterrorism operations to monitor equipment trends.

With a 20% monthly growth in serviced projects, Niko aims to aggregate solar energy, home batteries, and EV chargers to create a more resilient and reliable energy system in Mexico.