Uruguay is small but mighty in fintech. dLocal became its first unicorn. Yet local VC money is thin. Most cheques come from abroad. Here are 13 investors backing Montevideo fintech startups in 2026.
Uruguay punches well above its weight in fintech, and dLocal led the way to the country's first unicorn. The talent is here, even if the capital often is not.
Local VC money stays thin, so most of the funds writing cheques sit abroad. Grants and angels back the earliest steps, while the bigger funds tend to fly in once traction shows.
You will pitch a mix of funds and angels across several countries. Ellty keeps your deck, metrics, and model behind one link so you can track every open in one place.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Antler / Antler Elevate | Global VC + builder (Singapore) | US$150K-$10M | Fintech, generalist | antler.co |
| PayPal Ventures | Corporate VC (US) | Strategic minority | Payments, fintech infra | paypal.com |
| Magma Partners | Pan-LatAm seed VC (Chile) | US$50K-$5M | Fintech, insurtech, marketplaces | magmapartners.com |
| Cometa | LatAm VC (Mexico) | Seed to Series A | AI, fintech, marketplaces | cometa.vc |
| Kaszek | Pan-LatAm VC (Brazil) | US$500K-$25M | Fintech, consumer, SaaS | kaszek.com |
| QED Investors | Fintech-specialist VC (US) | US$3M-$15M | Fintech only | qedinvestors.com |
| General Atlantic | Global growth VC (US) | Tens of US$M | Fintech, generalist | generalatlantic.com |
| Andreessen Horowitz | Global VC (US) | Low US$M+ | Fintech, generalist | a16z.com |
| Nazca | Pan-LatAm VC (Mexico) | US$100K-$1.5M | Tech, fintech | nazca.vc |
| Canary | Pan-LatAm seed VC (Brazil) | US$180K-$300K | Fintech, consumer, enterprise | canary.com.br |
| IDB Lab | DFI (development bank) | Via funds and programs | Fintech, inclusion | bidlab.org |
| ANII | Govt grant agency (UY) | Up to ~US$75K grant | Innovation, fintech | anii.org.uy |
| AngelClub UY | Uruguayan angel network | Angel tickets | Tech, fintech, software | AngelClub UY on Gust |
Pitch funds and angels from one link
Fintech investors study users, churn, and unit economics fast. Ellty shows who opened your numbers so you follow up first.
Start free 14-day trialWhat a fintech investor backs
Fintech funds want real users and real revenue, and unit economics matter most of all. They want proof the model holds before they wire anything.
They watch churn and payback closely, and growth has to look healthy under that scrutiny. A clear, simple model wins the room faster than a flashy one.
You also need to answer why you and why now in a way investors believe. Ellty gives each fund one link, so you can see exactly who opens your deck.
The flow of capital into Uruguay is positive, with more than $41 million invested into the sector so far this year.
13 Montevideo fintech investors
1. Antler / Antler Elevate
Antler builds and funds early startups.
Recent Activity: Led Prometeo's US$13M Series A in 2024
Sector Focus: Fintech, generalist
Stage Focus: Pre-seed to Series C
Check Size: US$150K-$10M
Location: Singapore
Website: antler.co
2. PayPal Ventures
PayPal's fund backs payments startups.
Recent Activity: Invested in Prometeo's 2024 round
Sector Focus: Payments, fintech infra
Stage Focus: Growth
Check Size: Strategic minority
Location: San Jose, USA
Website: paypal.com
3. Magma Partners
Magma backs fintech across LatAm.
Recent Activity: Backed Prometeo's 2024 Series A
LinkedIn: Magma Partners LinkedIn
Sector Focus: Fintech, insurtech, marketplaces
Stage Focus: Pre-seed to Series A
Check Size: US$50K-$5M
Location: Santiago, Chile
Website: magmapartners.com
4. Cometa
Cometa backs fintech and AI startups.
Recent Activity: Backed Prometeo's 2024 Series A
LinkedIn: Cometa LinkedIn
Sector Focus: AI, fintech, marketplaces
Stage Focus: Series A
Check Size: Seed to Series A
Location: Mexico City, Mexico
Website: cometa.vc
5. Kaszek
Kaszek is LatAm's largest VC fund.
Recent Activity: Backed payments startup Handy
LinkedIn: Kaszek LinkedIn
Sector Focus: Fintech, consumer, SaaS
Stage Focus: Seed to pre-IPO
Check Size: US$500K-$25M
Location: Sao Paulo, Brazil
Website: kaszek.com
6. QED Investors
QED backs fintech and nothing else.
Recent Activity: Fintech specialist active in LatAm
LinkedIn: QED Investors LinkedIn
Sector Focus: Fintech only
Stage Focus: Seed to Series B
Check Size: US$3M-$15M
Location: Alexandria, USA
Website: qedinvestors.com
Give each fund one trackable link
Ellty logs when a fund opens your data room. Chase the keen ones first, not days too late.
Start free 14-day trial7. General Atlantic
General Atlantic backs growth-stage firms.
Recent Activity: Led dLocal's 2020 unicorn round
Sector Focus: Fintech, generalist
Stage Focus: Growth
Check Size: Tens of US$M
Location: New York, USA
Website: generalatlantic.com
8. Andreessen Horowitz
a16z backs fintech and tech founders.
Recent Activity: Led Datanomik's 2022 seed round
Sector Focus: Fintech, generalist
Stage Focus: Seed to growth
Check Size: Low US$M+
Location: Menlo Park, USA
Website: a16z.com
9. Nazca
Nazca backs tech and fintech startups.
Recent Activity: Backed Montevideo's Datanomik
LinkedIn: Nazca LinkedIn
Sector Focus: Tech, fintech
Stage Focus: Seed to Series A
Check Size: US$100K-$1.5M
Location: Mexico City, Mexico
Website: nazca.vc
10. Canary
Canary leads LatAm pre-seed rounds.
Recent Activity: Backed Datanomik's seed round
Sector Focus: Fintech, consumer, enterprise
Stage Focus: Pre-seed, seed
Check Size: US$180K-$300K
Location: Sao Paulo, Brazil
Website: canary.com.br
11. IDB Lab
IDB Lab funds fintech across the region.
Recent Activity: Runs 2025 startup calls for the region
LinkedIn: IDB Lab LinkedIn
Sector Focus: Fintech, inclusion
Stage Focus: Pre-seed to Series B
Check Size: Via funds and programs
Location: Washington, USA
Website: bidlab.org
12. ANII
ANII grants money to UY innovators.
Recent Activity: Runs ongoing innovation grant calls
Sector Focus: Innovation, fintech
Stage Focus: Idea, early
Check Size: Up to ~US$75K grant
Location: Montevideo, Uruguay
Website: anii.org.uy
13. AngelClub UY
A local angel club backing UY startups.
Recent Activity: Local angels backing UY startups
Sector Focus: Tech, fintech, software
Stage Focus: Pre-seed, seed
Check Size: Angel tickets
Location: Montevideo, Uruguay
Website: AngelClub UY on Gust
Why funds come from abroad
Uruguay has very few local VCs, so the bigger cheques almost always come from abroad. The market is small, and that pushes founders to look outward early.
Brazilian and US funds lead most of the larger deals, and they chase the strongest startups across the region. A warm intro is often what opens the first door.
It pays to know who is already active before you reach out. See our seed investors guide too, and let Ellty show you who actually studies your deck.
How grants seed the scene
ANII and ANDE hand out grants that fund the very earliest steps of a company. They help founders build something real before any equity round.
These are grants, not equity, so use them to extend runway without giving up ownership. That breathing room lets you reach the metrics funds want to see.
Move fast once you raise, and keep your fundraising process tight and organized. Share docs with secure file sharing, and Ellty logs every view for you.
Raising fintech money in Montevideo
Map the local, regional, and global cash before you start, then line up warm intros to each one. A clear plan makes the whole raise feel less scattered.
Keep backers posted with regular updates, because trust builds over time and not overnight. Lock files with a password so you stay in control of who sees the data.
Ellty stores every doc in one data room built for startups raising right now. One link keeps your materials tidy and your tracking in a single place.
How to pitch a fintech investor
Show users and real revenue.
- 1.Show users and real revenue.Prove the model works with hard numbers, not promises. Lead with the users and revenue that show real demand.
- 2.Map churn, payback, and growth.Keep the core numbers clear and easy to follow. Show how retention, payback, and growth fit together over time.
- 3.Name your raise and runway.Keep the ask tight and specific about the amount. Explain how long the runway lasts and what it buys.
- 4.Send one Ellty link to your deck.Share a single trackable link instead of loose files. See who digs in so you can follow up at the right moment.
How Ellty helps you land a fintech investor in Montevideo
You have your Montevideo fintech list ready. Set up a data room first.
- 1.Upload your deck, metrics, and model.Set access per fund.
- 2.Share one trackable link per fund.Each fund gets a unique link.
- 3.Watch opens and reply on time.Use analytics to time each nudge.
Montevideo fintech investor questions
- Pan-LatAm and global funds. Grants and angels too.
- Yes, dLocal is a unicorn. The scene is strong.
- No, the local bench is thin. Funds fly in from abroad.
- Payments and open banking. B2B fintech too.
- Seed runs US$1M to $13M. Grants add early cash.
- Before your first investor call. Track who opens your deck.
