TLDR:
- Brazilian fintech QI Tech secures additional funding, regains unicorn status
- Uruguayan AI startup BrainLogic expands user base with Zapia personal assistant
Brazilian fintech QI Tech has successfully raised an additional US$50mn to extend its Series B round to US$195mn, led by current investors General Atlantic and Across Capital. The company, founded in 2018, provides APIs for companies to offer financial products to customers and has now regained its unicorn status with a valuation of US$1bn.
Uruguayan AI startup BrainLogic has reached over 1mn users for its Zapia personal assistant in Latin America. Launched in 2023 with an initial investment of US$5mn, the platform is showing rapid growth in new users and has been selected for the Google AI Accelerator program. BrainLogic was founded by a team of Latin American entrepreneurs.
Brazilian event payments startup Zig raised 110mn reais to improve its technology, especially its CRM system and data capabilities, with investments from Across Capital, Cloud9, and Endeavor Scale-Up Ventures. Meanwhile, Colombian e-commerce platform Carryt acquired the Mexican and Colombian operations of Treggo, a last-mile delivery service, after previously acquiring Liftit in 2022.
The article also highlights the increasing trend of corporate venture capital funds in Brazil, particularly in financial services and IT, with a focus on fintechs. Additionally, Ecuadorian fintech Kamina closed a US$3.2mn pre-seed round to enhance its AI capabilities and expand its financial prevention platform. Vixtra, a fintech specializing in credit for importers, raised 180mn reais for platform enhancements and regional expansion.
