Here are the technology news, startup, and VC deals we tracked across the Latin American region this week.

Here are the technology news, startup, and VC deals we tracked across the Latin American region this week.

Colombian fintech company Movii raised $17 million in a Series C round backed by Square, the U.S. fintech founded by Jack Dorsey, making it Square’s first investment into a Latin American startup.

  • The company earlier raised $15 million as part of a Series B round from Jack Dorsey and Hard Yaka’s company last October.
  • Movii will use the funds for its expansion in Peru.

Biotech startup Sistema closed $15.5 million in a Series B round made up of shares, debt, and venture capital led by KawiSafi Ventures.

  • The funding will be used to strengthen partnerships and distribution, carbon reduction activities, research and development efforts, as well as its overall operations in LatAm, Africa, and Asia-Pacific.
  • Sistema plans to provide clean and renewable energy to 1 million farmers and their families by 2025.

Fintech company Flexio raised $3 million in a seed round led by Soma Capital, a fund specialized in B2B companies.

Brazil-based fintech Agroforte, which is focused on agribusinesses, raised $1.13 million led by Futurum Capital, with participation from The Yield Lab, Kelei Ventures, and Catalice Investimentos.

  • The startup offers credit to small rural producers and helps finance poultry, pig, egg, and dairy producers.
  • The funding will help Agroforte expand its offer of credit products and solutions in conjunction with a national growth strategy.
  • It plans to grant around $28 million in financing over the next 18 months.

The Draft provides a weekly roundup of the most important tech news across key emerging markets in Africa, Asia, Eastern Europe, Latin America, and the Middle East. Follow the rest of our coverage @techloy on Twitter.