Spanish bank BBVA invested USD300m in digital bank Neon to double down in its exposure to the Brazilian financial market.  (Press Release) – BBVA has reached an agreement to invest…

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General Atlantic and Banco Votorantim led a R$400m investment in Brazilian digital bank Neon, with follow-on from monashees, Quona Capital, Flourish Ventures (formerly part of Omidyar Network), Propel Venture Partners,…

Propel Ventures Partners, monashees +, and Quona Capital led a US$22m Series A in fintech startup, Neon, the first fully-digital Brazilian bank.  The round is Brazil’s largest Series A funding, and included participation from Omidyar Network, Tera, and Yellow Ventures.

Innova Capital led a ~USD17m round for Celcoin, a Brazilian open finance infrastructure developer for fintechs targeting the underbanked. Celcoin acquired Galaxy Pay, a Brazilian API for recurring payments with PIX…

Kinea Ventures, the CVC arm of Itaú, led a ~USD5.4m Series A for Paketá, a Brazilian credit consignment platform, with follow-on from Shift Capital. Shift Capital led a ~USD1.8m seed round…

Y Combinator led a USD2.5m round for Conta Simples, a Brazilian finance management platform enabling SMEs to issue corporate cards to manage supplier payments. Conta Simples raised ~USD2.6m in a round…

Darwin Capital, angels Marcelo Sampaio (Hasdex) and Roberto Nishikawa (Itau Unibanco), and others invested R$12m in Linker, a Brazilian neobank for SMEs. (NeoFeed) – Original, C6 e Inter foram alguns dos nomes que ocuparam…

monashees led a R$30m round in Nomad, a Brazilian fintech offering US checking accounts for Brazilian residents. Nomad is founded by Patrick Sigrist (iFood) and Marcos Nader (DocuSign). (Valor Econômico)…

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Crescera Capital and Vulcan Capital have acquired a minority stake in a Brazil-based fintech Nelogica for R$550m (approximately US$103m) at a reported valuation of R$2.9b (approximately US$542m). (Baguete) A Nelogica,…

General Atlantic led a US$200m investment in dLocal, a Uruguay-based cross-border payment platform, with participation from Addition, a new NY-based fund led by Lee Fixel, former Head of Private Equity…

Quona Capital led a US$15m round in ADDI, a Colombian point-of-sale lending platform, with participation from Foundation Capital, S7 Ventures, as well as returning investors Andreessen Horowitz and monashees.  (Contxto)…

Quona Capital closed its second fund with US$203m in commitments. The fund’s anchor investor, sponsor, and general partner is Accion and the capital will be used to target financial inclusion…

Ribbit Capital led a R$35m investment in Gorila Invest, a Brazilian personal investment management platform, with participation from monashees, Canary and Iporanga Investimentos. (Globo) A Gorila, plataforma de controle e consolidação…

Distrito and Parallax Ventures are partnering to invest up to R$10m in Brazilian fintechs. Parallax investments include fintechs CERC, Monkey, goLiza, Ali Crédito, Asaas, and healthtech Bright. (Startupi) A plataforma…

Omidyar Network spun off its financial inclusion investment arm as Flourish Ventures. The new firm launches with US$300m in capital for investments (equity and grant) and operations, and will maintain…

monashees closed its seventh VC fund, a US$150m vehicle, with participation from international endowments, foundations, family offices, funds, and entrepreneurs. Monashees has raised US$430m to date with 55 active portfolio companies, including Loggi, Rappi, Yellow, Grin, Neon, Mandaê and others.