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Not so long ago , the idea of public tech companies emerge from Latin America seemed far - fetched , and Mercado Libre once appeared as rare and mythical as a true unicorn . Today , however , the region is home base to several startups that have make billion - dollar evaluation .
Some of these startup , impel into the glare by thwartwise - border enlargement , are now recognized beyond their base country , with Nubank notablygoing public in the U.S.
Yet , there is a broader cohort of Romance American scale - ups that merit attention ; many in fintech , but not exclusively . Other important sectors include e - commerce , health tech , logistics , proptech , and SaaS.
Some homegrown unicorns may currently hold “ paper valuations ” from rounds that were raised during the 2021 peak , but the period still resist : They are worth knowing , and many could recover alongside the market , as VC investiture in Latin Americademonstrated resilience in 2024 .
As a radical , these unicorn also chew over Latin America ’s multiple inauguration hub . While Brazil and Mexico stay leaders in numbers , unicorns have also emerge from Argentina , Colombia , Chile , and Uruguay , further strengthening these ecosystems . And the newest one raised $ 127 million in April .
Let ’s take a near look at the top Latin American unicorns by valuation — although the oldest cost tatter often demand to be taken with a texture of salt .
Kavak (2016): Valued at $2.2 billion in April 2025
With backers include General Catalyst and SoftBank , Kavak is a Mexico - base e - Department of Commerce platform to buy and sell used machine online .
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Once valuedat $ 8.7 billionafter a Series E round that replicate its evaluation in 2021 , Kavak fancy its valuationslashed by $ 6.5 billionfollowing elaboration trouble and layoffs . After raising a $ 127 million equity round and securing two $ 200 million debt facilities in March 2025 , the company aims to position itself for a likely IPO within the next three to five year .
Ualá (2017): Valued at $2.81 billion in March 2025
Ualáis an Argentine neobank whose fintech services include loans , investment , payment solutions , and mention scoring technology .
establish in 2017 , itbecame a unicornwith its$350 million Series D in 2021 . Since then , it raised a $ 300 million Series E ata $ 2.75 billion post - money valuation , followed by a 2nd close in March 2025 with anadditional $ 66 millionbringing its post - money rating to $ 2.81 billion .
Clip (2012): Valued at $2 billion in June 2024
in short known asBlitzPayand foundedby former PayPal employee , Clip is theSquare of Latin America , with POS devices and fintech solutions for businesses .
Clip became a unicorn in 2021 follow a$250 million roundled by SoftBank and Viking , and defend this condition since then . The $ 100 million troll it raisedin June 2024confirmed its $ 2 billion valuation as the company was “ on the brink of profitability , ” its CEOtold Bloomberg .
Creditas (2012): Valued at $4.8 billion in January 2022
Creditas is a Brazilian fintech player specializing in loans , include consumer credit .
Its latest round of funding was a $ 260 million Series F in January 2022 valuing the Brazilian lenderat $ 4.8 billion , up from $ 1.75 billion in December 2020 .
The Series F was led by Fidelity , with participation from new and existing backers , including Kaszek Ventures , QED Investors , and SoftBank . It wasextended in July 2022at the same evaluation , allowing Creditas tobuy the Brazilian permit of Andorran bank Andbankfor some $ 93 million .
Unico (2007): Valued at $2.6 billion in April 2022
Unico is a Brazilian ID tech startup , and one of Latin America ’s large SaaS company .
Its $ 2.6 billion valuation is more recent than many on this lean . It came from the $ 100 million Series D the company raisedin April 2022 . The round was conduct by Goldman Sachs , with participation from existing investor General Atlantic and SoftBank Latin America Fund .
Rappi (2015): Valued at $5.25 billion in July 2021
number out of Colombia , Rappi is an on - requirement delivery weapons platform that becamea super appand expanded into multiple country .
Its rise solidified before the pandemic : In 2019 , it raiseda $ 1 billion investmentfrom SoftBank . But its $ 5.25 billion rating was attach to theround of more than $ 500 millionit secured in July 2021 .
Since then , Rappi has operate in a more challenging environment , conducting multiple rounds oflayoffsand face changinggig economic system legislation in Mexico , where it now plan toinvest $ 110 millionto hike its operations . However , the company stillvery much skip to IPOandhired a CFOto train for that endeavor after hand break of serve - even for the first time in belated 2023 .
QuintoAndar (2012): Valued at $5.1 billion in August 2021
QuintoAndar is a Brazilian proptech company focus on the rental and sale of residential real estate . With commercial activities insix Romance American countriesanda technical school hub in Europe , it made several learning and grew into a group with a headcount of more than 3,500 people .
In 2021 , the startup was busy on the fundraising front : Less than three month after announcinga $ 300 million Series E at a $ 4 billion valuation , QuintoAndar raised an extra $ 120 millionat a $ 5.1 billion rating . With$755 millionraised to date , its cap mesa includes Kaszek , General Atlantic , SoftBank , and Tencent .
Nuvemshop (2011): Valued at $3.1 billion in August 2021
Branded as Tiendanube in Spanish - verbalize markets , Nuvemshop is a Brazilian e - commerce platform designed for SMEs and entrepreneurs to sell product and services online — or in short,“Latin America ’s answer to Shopify . ”
Its latest known evaluation of $ 3.1 billion come from the$500 million Series E mega - roundco - led by Insight Partners and Tiger Global Management that it kindle in August 2021 , only a few months after itsAccel - led $ 90 million Series D.
Loft (2018): Valued at $2.9 billion in April 2021
Loft is a Brazilian proptech companysupported by freehanded Silicon Valley names since its genesis in 2018 .
Loft ’s $ 175 million Series C was co - led by a16z and Vulcan Capital in 2020 . A $ 425 million Series D led by New York - based D1 Capital Partners conform to in March 2021 , and its extension in April 2021 valued the companyat $ 2.9 billion .
The digital real landed estate political program was n’t immune to the market number . It conductedtwo round of layoffs in 2022butdenied having raised a down roundin November 2022 . In 2023 , after fresh funding from asovereign investment company in the Middle East ” at an undisclosed rating and another round of layoffs , it claimed tohave attain break - even .
Bitso (2014): Valued at $2.2 billion in May 2021
Bitso is a Romance American cryptocurrency exchange that also facilitates cross - border payment .
In May 2021 , it secured a $ 250 million Series C round respect the caller at $ 2.2 billion and co - led by Tiger Global and Coatue , with participation from Modern and existing investors , including Kaszek andQED .
CloudWalk (2013): Valued at $2.15 billion in November 2021
do it for its InfinitePay and Jim.com brand , CloudWalk is a Brazilian requital infrastructure company ( not to be mix up with theChinese facial - identification package companyby the same name ) .
CloudWalk ’s $ 2.15 billion valuation resulted from a $ 150 million Series C led by Coatue in November 2021 . Since then , CloudWalk achieved its first full yr of profitabilityin 2023and closed 2024with $ 497 million in revenue .
Loggi (2013): Valued at ~$2 billion in March 2021
Loggi is a Brazil - based logistics company sleep together for itsfocus on last - naut mi deliverance .
Its backers include Monashees , Qualcomm Ventures , and SoftBank . Its latest financial support round wasa $ 205 million Series Fled by CapSur Capital in March 2021 at a rating close to $ 2 billion .
Wildlife Studios (2011): Valued at ~$3 billion in August 2020
Wildlife Studios is a Brazilian mobile gaming company .
It was co - institute byVictor Lazarte , now also a general partner at Benchmark , the VC business firm that led Wildlife Studios’$60 million Series Ain 2019 at a $ 1.3 billion valuation . Less than a yr afterwards , the startup hit anearly $ 3 billion valuationfrom its Series B one shot .
In a candid conversation onstageat Slush 2023 , Lazarte said that , in retrospect , raising too much capital at too high a evaluation so tight was a “ mistake . ” In June 2023 , the companionship harbinger that former Amazon executive Peter Hill wouldreplace Lazarte as CEO . It also conductedseveral rounds of layoff .
C6 Bank (2018): Valued at $2.28 billion in December 2020
C6 Bank is a Brazilian digital bank . Unlike some competitors , it has n’t expand beyond Brazil , where it has more than 35 million clients .
C6 was esteem at$2.28 billionin December 2020 , six months before JPMorgan Chase learn 40 % ownership of the neobank in 2021 . Afterincreasing its stakein 2023 , it now owns 46 % of C6 , which had itsfirst - ever profitable year in 2024 .
Bets are still open onwho may join the listand how the rankings might be reorder , so we ’ll check that to keep it updated .
This story was originally bring out on April 27 , 2025 and will be on a regular basis updated .
