Startup Researcher - Latin America: Week 5, 2026
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Startup Researcher - Latin America: Week 5, 2026

26th January - 1st February

2/2/2026
β€’Ali Abounasr El Alaoui
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Hello there,

Welcome to another edition of πŸ” Startup Researcher - Latin America, your essential digest delivering the latest news and premium insights on startups and venture capital across the region 🌍

If you haven't subscribed yet, now's the perfect time. Don't miss the opportunity to supercharge your understanding and stay ahead in this dynamic world.


πŸ“° Important News

Hey Banco launched as an independent digital bank in Mexico
  • Alfred, a Mexico City-based fintech, secured $15 million in Series A funding led by F-Prime Capital to modernize B2B cross-border payment solutions.
  • Jelou raised a $10 million Series A funding round led by Wellington Access Ventures to expand its AI platform, Brain.
  • Revena landed $7.6 million in Seed funding led by Canary to automate hospital revenue cycle management and expand its AI solution across Brazil.
  • Brazilian fintech Lerian closed a $5.6 million Seed round led by Maya Capital to advance its open-source financial infrastructure.
  • Colombian startup Refurbi raised a $4 million Seed extension to expand its refurbished smartphone circular ecosystem into Mexico.

πŸ’°οΈ IPO and M&A Watch

  • PicPay debuted on Nasdaq on January 29th, raising $434 million at a $2.6 billion valuation, marking Brazil’s first IPO in over four years.
  • Agibank filed for a U.S. IPO seeking up to a $3.3 billion valuation and a $785 million raise as the Brazilian digital bank targets a NYSE listing.
  • Telos Labs acquired fintech Flourish Fi to integrate AI with behavioral science, aiming to enhance financial habits for customers across the Americas.
  • Tuhabi acquired Pulppo to expand its Mexican real estate footprint, combining advanced technology with Pulppo's extensive network of brokers.
  • Winclap acquired Brkaway, a leading creator management platform, to significantly expand its creator-focused unit and scale social-first marketing.

🏦 About Investors

  • Triaxis Capital is expanding its investment efforts in Northeast Brazil with a new $76.9 million growth fund, aiming to make over 30 investments.
  • Francisco Mariscal co-founded Angeles Ventures, a $20 million fund, to back tech startups led by Latino entrepreneurs.
  • Ruta N and partners launched M Capital, a new lightweight investment fund with 20 investors, focusing on early-stage startups in Colombia and LatAm.
  • ONOVOLAB launched ONOVOLAB Ventures with FCJ Venture Builder to create and scale innovation, creative economy, and ESG startups.

πŸš€ Startup of the Week

SOW Alfred

Introducing our Startup of the Week πŸ†

Alfred

Founded in 2022 and headquartered in Mexico City, Alfred is a B2B fintech building modern infrastructure for cross-border payments across Latin America. The company offers a unified API that connects local banking rails, real-time payment systems, and stablecoins, enabling faster, cheaper, and more transparent international transactions for businesses. Alfred recently raised a $15 million Series A led by F-Prime Capital, with participation from Brevan Howard Digital and White Star Capital. Led by CEO and co-founder Diego Yanez alongside co-founder Matias Plano, Alfred operates across Mexico, Brazil, Colombia, and Argentina. Its mission is to simplify cross-border commerce by fixing Latin America’s fragmented payment infrastructure.

πŸ’Ό Investor of the Week

IOW Triaxis

Introducing our Investor of the Week πŸ†

Triaxis Capital

Founded in 2012 and based in Recife, Triaxis Capital is a Brazilian venture capital firm focused on early and growth-stage technology companies, with a distinctive emphasis on the country’s Northeast region. Backed through funds managed in partnership with Crescera Capital, the firm recently expanded its regional push with $76.9 million in active capital, aiming to complete 30+ investments across underserved innovation hubs. Triaxis is led by co-founder Haim Mesel, whose long-standing local presence underpins the firm’s hands-on approach. Sector-agnostic but drawn to B2B SaaS, fintech, healthtech, and AI-enabled models, Triaxis positions itself as a regional bridge, channeling institutional capital into high-potential founders and accelerating the Northeast’s rise in Brazil’s startup ecosystem.

πŸ€‘ Opportunities Expiring Soon

AWS/CTIB Cybersecurity Startup Accelerator

  • πŸ“’ Organizer: Vestbee
  • πŸ—‚οΈ Category: Accelerator
  • πŸͺœ Target Stages: Pre-seed, Seed, Pre-Series A, Series A
  • 🏭 Focus Sectors: Sector Agnostic
  • πŸ“… Application Deadline: February 3, 2026

Fowler Global Social Innovation Challenge 2026

  • πŸ“’ Organizer: University of San Diego
  • πŸ—‚οΈ Category: Funding, Competition/Challenge, Award/Prize
  • πŸͺœ Target Stages: Seed, Revenue-generating
  • 🏭 Focus Sectors: Sector Agnostic
  • πŸ“… Application Deadline: February 6, 2026

Fast-track To Impact Programme

  • πŸ“’ Organizer: ProVeg International
  • πŸ—‚οΈ Category: Accelerator
  • πŸͺœ Target Stages: Pre-seed, Seed
  • 🏭 Focus Sectors: Agriculture & Food
  • πŸ“… Application Deadline: February 8, 2026

Entrepreneur First (EF) Spring 2026 - The Global Talent Investor

  • πŸ“’ Organizer: Entrepreneur First
  • πŸ—‚οΈ Category: Accelerator, Funding
  • πŸͺœ Target Stages: Ideation, Pre-seed
  • 🏭 Focus Sectors: Sector Agnostic
  • πŸ“… Application Deadline: February 8, 2026

xG-Incubator

  • πŸ“’ Organizer: xG-Incubator
  • πŸ—‚οΈ Category: Incubator, Funding
  • πŸͺœ Target Stages: Pre-seed, Seed
  • 🏭 Focus Sectors: Connectivity & Networks, DeepTech
  • πŸ“… Application Deadline: February 9, 2026

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