Ranking Tech M&A Latin America
Deals and investments october 2025
Overview of M&A market in LatAm
Latin America registered 2,509 transactions between January and October 2025, according to TTR Data, while mobilized M&A capital increased 17% over the same period. Despite a slight year-on-year decline in deal volume, the region continues to shift toward fewer but larger and more strategic transactions, supported by expanded activity in technology, financial services, and cross-border consolidation.
M&A Tech LatAm overview – Oct ’25
October 2025 recorded 12 tech M&A transactions in Latin America, down from September’s high of 25 and marking one of the quieter months of the year. The slowdown reflects a typical Q4 recalibration as buyers reassess pipelines ahead of year-end closings.
Trend insight: With 209 tech M&A deals recorded between January and October 2025, activity remains broadly resilient despite monthly volatility. The data continues to show a market driven by selective, strategically motivated acquisitions rather than high-volume activity.on.
Trends by country
Brazil remained the dominant market in October 2025, accounting for 68% of all tech M&A transactions in Latin America. Argentina followed with 10%, while Colombia and Mexico each reached 8%, and Uruguay captured 4%, reflecting continued concentration in Brazil with modest but steady activity across the rest of the region.
Trend insight: The geographic mix remains stable—Brazil consistently holds between 60% and 70% of monthly deal flow, while activity outside the country remains fragmented. However, the uptick in Argentina, Colombia, and Mexico suggests a gradual broadening of dealmaking beyond Brazil’s core market.
Trends by vertical industry
Fintech led tech M&A activity in October 2025, representing 42% of all transactions—its strongest share of the year—followed by SaaS and AI, each at 22%. Proptech accounted for 8%, while IT Services closed the month with 2%.
Trend insight: The surge in Fintech underscores growing appetite for financial infrastructure, embedded finance, and AI-powered credit solutions. Meanwhile, balanced activity across SaaS and AI highlights continued demand for automation and vertical software, even as Proptech and IT Services remain more selective pockets of deal flow.
Explore the full report below for deeper insights and a breakdown of tech deals and investments by country and sector.
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