Top Valued Startups in Latin America: Unveiling the Region’s Biggest Players

The transformative landscape of Latin American startups is generating significant buzz, particularly with the emergence of public tech companies in the region. Once viewed as a distant dream, the rise of unicorns like Mercado Libre has paved the way for a new wave of billion-dollar startups, showcasing the vibrant potential of Latin America’s tech ecosystem.

Exploring Latin America’s Billion-Dollar Startups

Today, numerous startups have gained cross-border recognition, with companies like Nubank going public in the U.S. However, the spotlight often misses many other promising scale-ups in the region. While fintech is a dominant sector, e-commerce, health tech, logistics, proptech, and SaaS are also making significant strides.

Resilience in the Face of Market Challenges

Although some unicorns are currently experiencing “paper valuations” due to previous funding rounds, they remain vital players in the market. The recent resilience of venture capital investment in Latin America suggests that many of these startups could rebound as the market stabilizes in 2024.

Latin America boasts multiple startup hubs, with Brazil and Mexico leading in the number of unicorns. However, countries like Argentina, Colombia, Chile, and Uruguay are also contributing to this dynamic ecosystem. For instance, the latest unicorn raised a remarkable $127 million in April 2025.

Top Latin American Unicorns by Valuation

Here’s a closer look at some of the highest-valued unicorns in Latin America:

• Kavak (2016): Valued at $2.2 billion in April 2025, this Mexico-based e-commerce platform specializes in buying and selling used cars online. Backed by General Catalyst and SoftBank, Kavak aims for an IPO in the next few years.
• Ualá (2017): This Argentine neobank, offering various fintech services, is valued at $2.81 billion as of March 2025. Ualá has seen consistent growth since achieving unicorn status in 2021.
• Clip (2012): Known as the “Square of Latin America,” Clip provides POS devices and fintech solutions, with a valuation of $2 billion as of June 2024.
• Creditas (2012): A Brazilian fintech specializing in loans, Creditas is valued at $4.8 billion following its Series F funding round in January 2022.
• Rappi (2015): This Colombian super app for on-demand delivery reached a valuation of $5.25 billion in July 2021, driven by substantial investments from SoftBank.
• QuintoAndar (2012): A Brazilian proptech company focused on real estate, QuintoAndar is valued at $5.1 billion as of August 2021, with operations extending across six Latin American countries.
• Nuvemshop (2011): Known as Tiendanube in Spanish markets, this e-commerce platform is valued at $3.1 billion, providing solutions for SMEs to sell online.
• Loft (2018): This Brazilian proptech company has a valuation of $2.9 billion, having attracted significant investments since its founding.
• Bitso (2014): As a prominent cryptocurrency exchange in Latin America, Bitso is valued at $2.2 billion following its successful funding rounds.
• CloudWalk (2013): A Brazilian payment infrastructure company, CloudWalk achieved a valuation of $2.15 billion and reached profitability in 2023.
• Wildlife Studios (2011): This mobile gaming company from Brazil is valued at approximately $3 billion, although recent leadership changes have prompted discussions on its valuation strategy.
• C6 Bank (2018): A digital bank with a valuation of $2.28 billion, C6 Bank is focused exclusively on the Brazilian market.

The Future of Latin American Startups

With ongoing investments and innovations, the landscape for Latin American unicorns continues to evolve. The potential for new entrants into the billion-dollar club remains high, and the dynamic nature of this market will be closely monitored. For more insights on the latest trends in technology and startups, visit TechCrunch.

Stay tuned for regular updates on this ever-changing scene, as the rankings and valuations of these innovative companies are likely to shift in the coming years.