Tech Report - July 2026
Executive Summary
We're pleased to present the July 2026 edition of Olimpia Partners’ Monthly Tech Report, offering a comprehensive analysis of Brazil’s tech landscape, publicly traded tech company performance, and global software industry trends.
Market Overview
July 2026 presented another negative month across Brazil’s technology sectors, in contrast with the broader market:
E-Commerce: The sector was close to flat in July, declining 0.2%, and remains down 55.8% over the past 12 months.
Hardware: The sector edged down 0.8% in July but remains up 9.5% over the past 12 months.
Software: The sector contracted 8.9% in July, extending a 41.2% decline over the last 12 months.
In contrast with these sector-specific challenges, the IBOV Index advanced 3.7% in July, reinforcing a 34.4% increase over the past 12 months.
M&A and Fundraising Activity
July 2026 was marked by several notable transactions across various tech sectors:
Notable Fundraising Round:
· Mercado Bitcoin : The Latin American digital asset platform raised R$100 million from Tether through its holding company, 2TM, in the first closing of a larger round that also includes the company's founders and SoftBank. The proceeds will fund payments infrastructure, tokenized investments, credit operations, and international expansion.
AutoBanking Acquisition by QI Tech:
· QI Tech acquired 100% of AutoBanking, a Brazilian fintech whose platform captures vehicle financing demand at the point of sale in dealerships, in a cash-and-shares transaction of undisclosed value.
· The deal marks QI Tech's entry into vehicle financing, a segment that originated R$283.4 billion in new credit in 2025, and adds a new vertical to its credit infrastructure platform.
Other Transactions:
· Núclea agreed to acquire 100% of Data Rudder, a fraud prevention and anti-money laundering platform monitoring Pix, TED, boleto, and card transactions. The deal remains subject to Central Bank approval.
· Quick Soft acquired RGBtec, a provider of ERP software for FIDCs, securitization companies, and factorings, in its second acquisition in under 60 days.
· Bondy, an HRtech deploying AI agents across WhatsApp, Slack, and Teams, received a R$2.5 million strategic investment from Gupy that keeps it independent.
· Jusfy raised US$15 million in a Series A round led by Quona Capital, with participation from Thomson Reuters Ventures, The LegalTech Fund, FJ Labs, SaaSholic, Spectra Investments, Fluent Ventures, Endeavor, and Maya Capital
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