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Latamlist Roundup June 16th – June 30th: Belvo and Ualá partnered to expand credit access.

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

Over the past two weeks, Latin American startups focused on expanding digital payments, forming strategic fintech partnerships, and entering new markets, from wallet upgrades in Colombia and Peru to regional growth moves by Cheaf and Lirmi.

Launches

  1. Nequi, the Colombian digital wallet, launched Nequi Negocios, a feature that lets merchants accept payments directly from their phones—no traditional point-of-sale terminal required. Read more on Bloomberg Linea
  2. Yape, the Peruvian digital wallet, added utility bill payments. Users can now pay for internet, TV, water, electricity, and gas directly through the app. Read more on Infobae
  3. Do Payment, a Peruvian paytech company, launched Do Pay, its proprietary payment collection platform. The system uses a fully owned pay-in infrastructure with regional coverage and local integrations (Yape, PLIN, PIX, CoDi, and Zelle), eliminating intermediaries and improving liquidity. Read more on Latamfintech

Partnerships

  1. Clara, the Mexican unicorn, partnered with toll payment provider PASE to offer fleet operators an integrated solution for toll expense management and operational efficiency. Read more on El CEO
  2. Alegra, a cloud-based accounting platform for SMEs, teamed up with AI-powered accounting agent Payana to transform how businesses manage accounting and treasury operations across Latin America..Read more on Valora Analitik
  3. Open finance platform Belvo and Argentine neobank Ualá joined forces to expand credit access through employment data. By leveraging Mexico’s CURP ID system, the partnership enables verification of income and employment history for loan applicants. Read more on El Economista
  4. EBANX and APLAZO partnered to offer flexible payment options for international e-commerce in Mexico, allowing global merchants to provide digital financing at checkout. Read more on Startups Latam

Expansions

  1. dLocal, a cross-border payment platform, secured new regulatory licenses in the UAE, Turkey, and the Philippines—bringing its total to more than 30 licenses globally. Read more on The Fintech Times
  2. Mexican startup Cheaf expanded to Argentina with its surplus food model. The app lets stores and restaurants sell discounted “surprise boxes” of excess inventory, helping reduce food waste with savings of up to 65%. Read more on C5N
  3. Chilean edtech Lirmi launched in Mexico to help private schools cut software costs by up to 40%. Read more on El Economista

Updates

  • Mexican fintech Finco Pay received authorization from Mexico’s National Banking and Securities Commission (CNBV) to operate as an Electronic Payment Funds Institution (IFPE), becoming the second company to obtain this approval in 2025. Read more on El Economista
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Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.

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