The largest recent disclosed M&A deal was the acquisition of Linx, a unit of Brazilian fintech StoneCo that provides retail management software for businesses worldwide, which was acquired by TOTVS for $553M. This deal strengthens TOTVS’ enterprise software offerings and expands its capabilities in ERP, POS integration, delivery management, and customer engagement.

In August, Mtrix, a Brazilian provider of AI-powered market intelligence and data integration software for the manufacturing and distribution sectors, was acquired by NielsenIQ. The acquisition enhances NIQ’s analytics capabilities and retailer tools and represents its first strategic transaction in Latin America.

Mexico-based Klar acquired Bineo, the country’s first fully digital bank, from Grupo Financiero Banorte. The acquisition accelerates Klar’s path to a full banking license, expands its product portfolio, and strengthens its position in Mexico’s digital financial services market.

Brazil-based Finor, a provider of data and AI consulting services for the banking, financial services, and insurance sectors in Latin America, was purchased by France-based Artefact. The acquisition strengthens Artefact’s leadership in the region’s financial services consulting market, expanding its AI capabilities and positioning the firm at the forefront of AI-driven transformation in the sector.