Fintech

Vector Inovação e Tecnologia (Vit) acquired a controlling stake in Brazilian fintech Beblue, a payments and loyalty platform for small merchants.

Creation Investments Capital Management made a MX$250m investment in Pluscorp, a Mexican financial services company.

Oikocredit, Fiinlab and Vox Capital made an undisclosed Series C investment in Avante, a Brazilian fintech offering microcredit and mobile point of sale to micro-entrepreneurs in over 1,100 Brazilian cities. Vox and Fiinlab invested R$38m in 2017.

monashees+ and XP Investimentos made an undisclosed investment in Rebel, a personal credit startup for middle-class Brazilians, with participation from Point Break Capital and J. Malucelli.

Prosegur Tech Ventures, invested R$15m in fintech Concil, its first contribution to a Brazilian company this year. 

German-based Global Founders Capital made an undisclosed investment in Zen Finance, a Brazilian fintech focused on credit-as-a-service. Philipp Povel, founder and CEO of Dafiti, and Carlos Eduardo Norbert of Petronia Capital also participated in the round.

Mercado Libre’s MELI Fund, and Agrega Partners made a US$3m investment in Argentine fintech Increase, with participation of existing investors including Arfintech and Lucens Capital.

Spanish digital bank WiZink acquired Aplazame, a Spanish lending platform for e-commerce merchants, for an undisclosed, all-cash amount, providing a full exit for ALLVP.

Tributi, a Colombian tax automation platform, raised US$800k from Y Combinator, Foundation Capital, Graph Ventures and others.

Visa led a US$12.5m strategic investment in Latin American fintech pioneer YellowPepper, with participation from existing investors. LIV Capital led a US$19m Series C investment in 2015 with participation from Mexico Ventures, Fondo de Fondos and the IFC.