INFOGRAPHIC: Top LatAm Startup Funding — Week 45
In this week's funding deals, we tracked Fairplay, Latii, Cervello, Central da Visão and Patagon AI in the LatAm region.
- Fairplay, a Mexican fintech, secures $35 Million from BBVA Spark to boost SME growth in Mexico.
- Colombian-owned prop-tech, Latii, raises $5 Million to streamline supply chain.
- Cervello, a Brazilian enterprise technology startup, receives $2.1 Million in investment to expand operations.
- Brazilian healthtech, Central da Visão, raises $1.7 Million to improve its technology.
- Patagon AI, an Ecuadorian sales-tech, raises $1.1 Million to expand AI-powered sales
Fairplay Secures $35 Million from BBVA Spark to Boost SME Growth in Mexico
Fairplay, a Mexican fintech has secured a $35 million credit line from BBVA Spark. This follows BBVA's broader efforts of investing in fast-growing, innovative companies in emerging markets.
Founded in 2019, the company provides working capital solutions to small and medium-sized enterprises (SMEs) in Mexico. The company primarily helps these businesses by offering innovative financial products designed to improve cash flow and support growth.
With its most recent funding from BBVA Spark, Fairplay plans to expand its impact by broadening its services to new industries beyond retail, enhancing its existing financial products, and scaling its operations across Mexico. The company will also invest in improving its technology platform to offer more seamless, flexible financing solutions to SMEs, empowering more businesses to access the working capital they need to grow and contribute to the Mexican economy.
