11 July, 2019
LatAm Fintech Snapshot: June 2019

Thiago PaivaIn our monthly snapshot of LatAm fintech news, Thiago Paiva analyzes M&A, investments, trends, partnerships for the region’s startups.

June was a record-breaking month, with Andreessen Horowitz making its first fintech investment in Latin America and Creditas raising a massive round from Softbank 

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By Thiago Paiva

 

June was a record-breaking month for fintech investments in 2019, with LatAm fintechs raising a total of US$ 237 million in eight equity deals. This was more than twice the amount raised in May, previously the busiest month for LatAm fintech deals. 

Creditas, a Brazilian lending platform, raised an impressive US$ 200million from the Japanese behemonth, Softbank. This investment brought Creditas close to becoming a unicorn, with a US$ 700million valuation. Softbank isn’t losing any time after announcing in March its US$ 5 billion fund focused in the region, putting to work already more than half a billion dollars.

Also another relevant deal was the US$ 12.5 M investment in Colombia’s ADDI, with none less than Andreessen Horowitz leading the round. Previous investors Monashees, Village Global, and Sinai VC also participated. This is the first fintech investment by Andreessen Horowitz in Latin America. ADDI is a point-of-sale lending platform similar to the American startup Affirm, which Andreessen Horowitz also invested in.

Also in June, Brazilian startup Nubank raised a US$ 96million debt round to expand its credit product to its customer base.

This month we saw a concentration of 92.86% of all the disclosed equity investments happening in Brazil, mostly because of the Creditas round, followed by Colombia with 5.25% and Chile with 1.26%.

Well, let’s jump into the relevant fintech deals and news of June, and stay tuned to the next Fintech Snapshot next month! 

Main Investments

M&A

Regulations

Partnerships

Relevant Moves

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Thiago Paiva is a partner at Liquia Digital Assets, an investment bank for the digital assets economy. He is passionate about the intersection of finance and technology.

He has 8+ years working with startups and innovation, investing in more than 60 startups through global accelerators Wayra (Telefonica’s global accelerator) and Startupbootcamp Fintech. He worked closely with more than 20 fintechs from 8 different countries for the past five years.

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