INFOGRAPHIC: LATAM's Top Weekly Startup Funding — Week 17, 2025
In this week's funding deals, we tracked Mendel, Salsa, Belvo, Soyio, and AdmiralONE in the LatAm region.
Latin America’s startup ecosystem continued to gain momentum this week, with fresh capital flowing into Open Finance and payroll infrastructure to privacy tech, compliance automation, and AI-powered enterprise tools.
Leading this week’s announcements was Mendel, a corporate fintech platform founded by four Argentine entrepreneurs and based in Mexico. Mendel raised $35 million in a Series B round co-led by Base10 Partners and PayPal Ventures, with participation from Endeavor Catalyst. With over 100 enterprise clients, including McDonald’s and Mercado Libre, Mendel plans to deepen its footprint in Latin America’s business finance ecosystem.
Close behind, Spanish-founded, US-based fintech Salsa raised $20 million in a round led by Altos Ventures. Other investors included SemperVirens, Greycroft, Definition, and Better Tomorrow Ventures. Already in use by unicorns and billion-dollar startups, the new capital will go toward integrating AI features, expanding the engineering team, and growing operations across the US and Europe.
Mexico and Brazil-based Belvo, a leading Open Finance data and payments platform in Latin America, secured $15 million from investors including Quona Capital, Kaszek, Kibo Ventures, Future Positive, Citi Ventures, and Y Combinator. The round will fuel Belvo’s expansion of its data products and payment infrastructure and bolster its AI strategy.
Chile’s privacy-tech startup Soyio raised $1 million in a round led by Consorcio, with additional backing from Platanus Ventures, Devlabs, and 99startups. Soyio is developing solutions for digital identity validation, personal data protection, and consent management in compliance with Chile’s new data protection laws. The capital will be used to further R&D and expand its compliance offerings.
Regulatory compliance SaaS provider AdmiralONE, also based in Santiago, secured $462,000 in angel funding from undisclosed investors. The company simultaneously announced the addition of Daniel Vargas as co-founder and CTO. Funds from the round have already enabled the acquisition of two Chilean startups—Confiden and GeniaControl.
From Open Finance and payroll infrastructure to privacy tech, compliance automation, and AI-powered enterprise tools, this week’s funding rounds show the dynamic range of Latin American startups attracting global capital.
