Weekly Startup Funding Highlights in LATAM – Week 32, 2025 (Infographic)
Brazilian startups have raised over $18.7 million this week, with fintech leading the investment trend. In 2024 alone, fintech startups attracted about $1.55 billion in venture capital, reflecting confidence that local fintech solutions will expand globally.
Nubank, with over 110 million customers, leads the fintech sector. Other fintechs like Inter&Co have shown strong growth in lending and profitability amid growing credit demand in 2025. Pix and the Brazilian Open Finance ecosystems have become the world’s largest financial open ecosystems, driving inclusion and integration.
However, fintech investment showed some decline in early 2025, from $541 million in H2 2024 to $339.3 million in H1 2025. Despite this dip, the sector remains significant.
In other sectors, there is less visible recent investment momentum or public data regarding significant climate tech, sports tech, or legal tech funding in Brazil, suggesting these areas currently receive less capital emphasis compared to fintech.
One notable exception is IORQ, a smart credit platform that raised $6.5 million from Monashees, Upload Ventures, ONEVC, and Norte. IORQ's AI-powered infrastructure helps companies originate and manage credit via APIs, offering embedded finance tools through a white-label model. The funds will support customised lending solutions, especially for women-led businesses.
Another startup, Leggal, closed a $314,000 pre-seed round from DOMO.VC, Anjos do Brasil, and angel investors. Leggal uses AI and a network of lawyers to make legal assistance more accessible. The funds will support the development of customised lending solutions, especially for women-led businesses.
Stone, a Brazilian fintech, secured $50 million from IDB Invest. Stone's model deducts repayments directly from sales, aligning with cash flow and simplifying financial management in underserved regions. Part of the funds raised by Stone will be used to expand credit access for micro, small, and medium-sized enterprises in the Legal Amazon.
Radix Florestal, a climate tech startup, received $1.85 million from Ecosia. Radix Florestal uses drone and satellite technology for monitoring and combines biodiversity recovery with sustainable agroforestry. The startup has restored 150 hectares in the Amazon and aims to plant 2,000 more by 2030.
FanBase, a sports digital infrastructure startup, raised $923,000 in a round led by Domo.VC and OutField. FanBase offers products like Fan ID and FanApp to help teams manage fan engagement, serving clients such as Vasco, Bahia, and Atlético Nacional (Colombia).
IORQ has R$2.5 billion ($461.5 million) in assets under management. Radix Florestal has restored 150 hectares in the Amazon and aims to plant 2,000 more by 2030.
In conclusion, fintech remains the standout sector attracting the largest and most active investment in Brazil, driven by payment innovation, digital banking giants, and extensive open finance infrastructure. While other sectors like climate tech, sports tech, and legal tech may receive less capital emphasis, individual startups in these areas continue to secure funding and make a positive impact.
Sports tech startups in Brazil are not currently receiving significant investment, as evidenced by the lack of visible recent investment momentum or public data regarding sports tech funding.
Despite this, FanBase, a sports digital infrastructure startup, recently raised $923,000 in a funding round.
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