Hola amig@s fintech,

We hope you had a good week - if you were in Mexico City, we hope you had a fun and productive Mexico Tech Week! If you like our content, stay in the loop by subscribing and following us! You can also find us on LinkedIn!

🩵 Until next weekend. Até a próxima!

• Lorena

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📊 Stat of the Week 

LatAm is sometimes seen as a passive recipient of technology, the region already hosts over 3,000 fintechs (a ~340% increase since 2017) that are reshaping financial inclusion by targeting the unbanked and underserved. This dynamism offers fertile ground for fintechs providing digital payments, alternative credit, and fintech infrastructure—but also brings challenges around scalability, funding and regulatory compliance (Source).

📖  Read of the Week

According to the “Payment Methods Study Mexico 2025” by NTT DATA, Mexico’s payment ecosystem is projected to process over 4.5 billion annual transactions via SPEI by 2025, and the country’s Banking-as-a-Service (BaaS) market is forecast at US$800 million for the same year. These numbers signal that Mexico is at a strategic inflection point for payment digitalization, offering substantial opportunities for Latin American fintechs in payment infrastructure, embedded finance, API integrations, and expansion of digital financial services.

🎙️ Podcast of the Week 

💸 Venture Financing

💸 Equity

🇧🇷 Jeitto, the Brazilian micro-credit serving lower-income formal workers via mobile and payroll-deductible loans, raised US$6.8 million in corporate bonds structured by Credit Saison to expand its payroll-loan product “consignado”. The company already serves over 13 million clients, uses AI-driven decisioning, and aims to reduce Brazil’s financial exclusion of low-income populations.

🇧🇷 Lumx, the Brazilian infrastructure provider offering stablecoin and multi-currency wallet and payments rails in LatAm, raised a $3.4 million Seed round led by Indicator, with participation from additional funds.

🇦🇷 One, the Argentina-based company, raised a $1.2 million Seed round. The company is using the funds to accelerate its growth in Argentina’s digital finance market.

💵 Debt 

🇨🇴 Welli, the Colombian platform financing medical procedures, announced a $75 million structured debt round from Community Investment Management (CIM). This follows its earlier Series A equity round in June 2025 led by Costanoa Ventures, Animo VC and Crestone VC.

☯️ Exits

🤝 M&A - Fintech

🇲🇽 mattilda, the Mexican fintech-edtech platform for private schools, announced the acquisition of Algebraix, a Mexican edtech company specialising in administrative management for schools. The goal is to combine mattilda’s financial services with Algebraix’s attendance, grading, scheduling, parent-communication, and administrative tool-set, creating a unified school-management ecosystem.

🚀 Product Launches & Partnerships

💻 Fintech

🇧🇷 The Brazilian Association of Financial and Capital Market Entities (Anbima) has launched a pilot project to assess the use of blockchain technology in the issuance and trading of tokenized financial assets, including investment funds and bonds.

🇨🇴 Nu Colombia announced the launch of Nu Control and Morada Abrecaminos, initiatives aimed at individuals without prior credit history, along with two new digital credit lines: Nu Light Loan and Nu Personal Loan, designed to expand financial inclusion and access to credit.

🌎 dLocal and Alchemy Pay announced a collaboration to expand payment access in emerging markets, starting with Argentina. The partnership aims to integrate on/off-ramp crypto services and local payment methods, facilitating seamless digital transactions across Latin America.

🇲🇽 Bankool, the Mexican digital bank, and Tapi, the payment network, announced an alliance to allow users to make recurring service payments directly through the Bankool app with no fees. The partnership seeks to expand digital payment adoption and enhance convenience for customers across Mexico.

🇦🇷 Binance launched a QR payment system in Argentina, enabling verified users to make purchases at merchants using cryptocurrencies that are automatically converted to pesos with no transaction fees. 

🏦 Financial Services & Banking 

🇨🇱 Tanner Banco Digital officially began operations on October 20, 2025, becoming the first new bank to operate in Chile in over a decade. A subsidiary of Tanner Servicios Financieros S.A., the institution leverages its experience in automotive financing and leasing to offer services focused on business clients, including commercial loans and factoring solutions.

📜 Policy

🇧🇷 Fintech Unlimit has obtained a Payment Institution (IP) license in Brazil, allowing it to connect directly to the Brazilian Payments System (SPB) and expand its Pix payment infrastructure.

🇲🇽 British fintech Revolut has received final authorization from Mexico’s National Banking and Securities Commission (CNBV) to operate as a bank in the country, marking a major step in its regional expansion strategy.

🇨🇱 Chile’s Financial Market Commission (CMF) authorized the creation of Fintoc Pagos as a special joint-stock company, established as an issuer of prepaid payment cards. The company aims to simplify how businesses receive, manage, and move money, strengthening Chile’s fintech infrastructure and expanding payment innovation in the market.

📰 Other News 

🇲🇽 A credit-scoring metric is strengthening financial inclusion in Mexico: the “credit score” metric helps more individuals access credit by enabling evaluation of borrowers without a traditional history, thereby broadening financial inclusion in Mexico.

🇨🇱 Start‑Up Chile, the public accelerator founded in 2010 by CORFO, celebrated its 15th anniversary jumping off a portfolio valued at US $6.5 billion, having supported over 3,000 startups, produced four unicorns, and achieved ~90 exits with a survival rate of 64%. 

🌎 Bit2Me, the Spain-based crypto platform active in LatAm, has integrated two regulated stablecoins issued by Société Générale‑Forge (the bank’s crypto arm) that comply with the EU’s MiCA framework, offering users in Europe and LatAm access to bank-backed stablecoins.

📚 Deeper Reads

A comprehensive list of 2025 tech layoffs

The impact of fintech on lending

Fintech and virtual wallets: from the payments boom to the lending challenge (ES)

Latinia relies on real-time alerts as a cornerstone of banking trust (ES)

📣 LatAm fintech enthusiasts looking for a new role, check out https://jobs.thisweekinfintech.com

Made in LatAm with 🩵by 

Elena, Digital Innovation Manager at Banco Azteca

Carlos, Research Associate at El Colegio de México

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

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