With booming tech scenes in major population centers like Mexico City and Sao Paulo, Brazil, it has been so secret in recent years that Latin America currently has one of the hottest start-up markets in the world. Here are just a few of the best companies operating out of the region, and why investors will be hearing a lot more about Latin companies in the decade to come.
Based out of Mexico City, Apli is currently revolutionizing the Latin food industry by connecting workers with in-demand restaurant jobs. Apli has almost singlehandedly revitalized what many investors once saw as a stalled industry, and the company’s future looks very bright indeed.
Based out of Colombia and currently developing operations in a host of different countries, Rappi is changing the way that online deliveries are made in Latin America.
As one of Brazil’s leading start-ups, Movile is providing a variety of services to Latin American nations; the company currently handles everything from food delivery to online radio.
- Grow Mobility
Another Brazil-based start-up with enormous potential, Grow Mobility’s founders took advantage of the poor transportation service operations in their home town of Sao Paulo to launch one of the most successful micro-transport companies in the world.
Much like its direct competitor Airbnb, Selina is currently taking the user-based vacation rental market by storm in South America. Based out of Panama, the company is now worth nearly $1 billion and is growing rapidly.
Founded in Peru, Ecoandino aims to revolutionize the Latin American superfood movement with its healthy offerings; the company is also notable for its commitment to sustainability.
Another of Brazil’s most promising new companies, PagSeguro makes online payments simple and straightforward for its 12 million customers. In Sao Paulo’s thriving and competitive start-up market, PagSeguro is currently one of the best companies for investors to keep an eye on.
- Magazine Luiza
Like Ikea, Magazine Luiza is hoping to win over upwardly-mobile market demographics with great deals on stylish home furnishings. Another Sao Paulo-based company that is a favorite with investors, Magazine Luiza appears to be taking the Latin American market by storm, and its holdings of close to 800 stores is a testament to the company’s remarkable popularity with the public.
As one of Argentina’s most promising start-ups, Cliengo is a client-services company unlike any other currently operating in South America. By connecting small businesses with clients via AI chat applications, the company has wowed investors with its commitment to using futuristic tech to serve a growing customer base.
By offering a pragmatic and cost-effective alternative to Brazil’s high interest credit card industry and limited financial system, Nubank has disrupted the personal banking world in Latin America in a very big way. Indeed, the company is now regarded as one of the most promising start-ups in the region.