Latamlist Roundup November 16th – November 30th: Mexican online supermarket Jüsto to cease operations in Brazil in December

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

Fintechs dominated headlines in the second half of November, with activity in Colombia, Brazil, Chile, Ecuador, El Salvador, Guatemala, and Panama. Here are the launches, partnerships, expansions, fundings and other news we saw over the last two weeks.

Launches

1. Guatemalan digital wallet Pako Wallet launched a prepaid card in Guatemala. The card is available both digitally and physically, and customers do not have to have a bank account to request the card. Read more on LatamFintech Hub.
2. Salvadoran fintech n1co launched the app n1co Business in El Salvador, Honduras, and Guatemala.The app provides payment solutions like QR code payments, payment links, and sales insights. . Read more on LatamFintech Hub.
3. Ecuadorian payments startup Paymóvil launched an API that allows the integration of Paymóvil’s payment solution into third-party softwares like CRMs and POS terminals. The API is currently available in Colombia and will be released in Ecuador in 2025. Read more on LatamFintech Hub.
4. Mexican financial management startup Mendel launched Mendel Viajes, a platform that allows companies to book and manage business trip expenses, like hotels and flights. Read more on LatamFintech Hub.
5. Chilean fintech focused on liquidity access and financial management Xepelin launched Gestión de cobros y pagos, a tool that automates payment reconciliation and schedules reminders for collections and supplier payments.
6. Chilean investment platform Fintual launched in Mexico Fintual Acciones, a product that allows customers to invest in stocks and fractions of stocks in stock exchanges in US and EU stock exchanges. Read more on DFSud.

Partnerships

1. Colombian neobank Nequi partnered with Colombian payments startup Clinng to offer Clinng’s customers real-time payments. Read more on LatamFintech Hub.
2. Colombian payments infrastructure startup Minka partnered with payments startup Powwi to enable  free real-time money transfers through Transfyia. Read more on LatamFintech Hub.

Expansions

1. Brazilian payments startups Koin, owned by the Argentinian Despegar, expanded to Colombia, where Koin will offer anti-fraud services for e-commerces. Read more on LatamFintech Hub.

Other

1. Colombian payroll loan startup Avista raised $4.5M through the issuance of bonds securitized in loans. The securitization was structured by Titularice. Read more on LatamFintech Hub.
2. Mexican online supermarket Jüsto announced the decision to cease operations in Brazil in December after three years in the country. Read more on Startups.com.br.
3. Colombian marketing tech startup Favik announced the shutdown its operations. Read more on LinkedIn.