Latamlist roundup April 15th – April 30th: TuHabi raises additional $27M debt funding from BBVA Spark

Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.

Fintech dominated the second half of April, with plenty of activity in Colombia and Brazil. Here are the product launches, partnerships, and expansions we saw in the last two weeks.

Launches

1. Brazilian neobank PicPay launched card terminals to serve its 1 million business clients, aiming to boost transaction volumes and engagement within its financial ecosystem. Read more on Contxto.
2. Conta Simples, a Brazilian neobank, launched a corporate expense management platform to help clients automate workflows and set different approval levels. Read more on LatamFintech Hub.
3. Colombian fintech Konvex launched the first universal API in Latin America, integrating over 10 ERPs into a single interface to reduce costs and manual synchronization time. Read more on LatamFintech Hub.
4. Peruvian online training platform Crehana launched Hana AI, a fully integrated AI-powered tool to provide instant responses, personalized recommendations, and analyses. Read more on Startups Latam.
5. Fintech Credicuotas launched its prepaid card powered by Pomelo, enabling easier access to credit for underserved individuals in Argentina. Read more on Startups Latam.
6. Colombian fintech Bold announced the launch of Bold account, a prepaid debit card and credit line for business that complements its existing payment solutions. Read more on LatamFintech Hub.
7. Colombian fintech Plenti launched local and international payments, allowing users of its USD savings account and money transfer services to pay for expenses in Colombia and the United States directly. Read more on LatamFintech Hub.

Partnerships

1. Fintech Máximo and Banking as a Service solution Alfintech teamed up to launch Ahorro Max, an interoperable savings account accessible within three minutes via Máximo’s wallet. Read more on Contxto.

Other

1. Proptech TuHabi raised an additional $27M in debt from BBVA Spark to grow its Mexico operations, totaling $48M in debt funding. Read more on Axis Negocios.
2. Ecotrace, a Brazilian agtech, secured $400k in funding from 192 investors via startup crowdfunding platform CapTable. Read more on Contxto.
3. SQM Lithium Ventures partnered with Endeavor to select 10 startups to join its Corporate Acceleration Program, picking from a pool of over 250 applicants and investing $25k in each company. Read more on Startups Latam.
4. Digital@FEMSA is set to buy the assets powering Oxxo Pay from Mexican paytech Conekta, absorbing the service that allows merchants to receive cash payments for online sales at over 22,000 Oxxo stores across Mexico. Read more on Forbes Mexico.
5. Mattilda, a Mexican accounting and payment processing SaaS for private schools, obtained a $14M credit line from Addem Capital after a $29.2M Series A in July 2023. Read more on Tekios.