The 21 Latin American unicorns galloping to success

The 21 Latin American unicorns galloping to success

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Contxto – With Latin America growing as a significant axis for the entrepreneurship ecosystem, scarcely every single day passes without having a breaking news tale about a Latin startup funding round that is american.

At Contxto, we’re constantly attempting to display what’s going well in Latin America. Because of the exact same function, there’s no better means to exemplify the wonders of the geographical area compared to startups which have were able to break the US$1 billion mark. Here’s a summary of a few of the area’s blessed unicorns.

*Disclaimer: several of those organizations are general general general public. Based on Investopedia, Unicorns are privately-held companies worth US$1 billion or maybe more, however, we chose to consist of some general general public organizations to give an even more picture that is detailed. These businesses will likely be marked with an asterisk (*).

The transportation that is popular started in Sao Paulo in 2012. Linking users with taxi motorists and drivers that are private the business offered 99 % (no pun meant) of their stock to Asia’s Didi Chuxing for US$900 million.

Additionally from Sao Paulo, this startup had been established in 2006. Ever since then, Pagseguro has generated solutions that are innovative both users and organizations in relation to payments, purchase automation, product sales and transfers. The startup raised US$2.27 billion through its NYSE IPO.

Nubank initially began as Solucoes de Pagamento in May 2013. Within just 8 weeks, it changed its title and started initially to really challenge conventional banks and their exhausting processes that are bureaucratic. The company that is brazilian a value of US$4 billion after attempting to sell a minority stake for US$180 million to Tencent Holdings. Leer más