Unveiling the Leading Startup Billion-Dollar Companies in Latin America for 2025

Latin America is experiencing a surge in its startup ecosystem, with countries like Mexico, Chile, and Colombia leading the charge. Here are some of the most significant startups making waves in the region and their impacts on the economy.

Mexico

Mexico City-based Klar, a digital banking platform, raised $190 million in a Series C round, valuing the company at over $800 million. Klar offers mobile-first financial products and reported nearly $300 million in annual revenue. Another notable Mexican startup is Merama, a digital brand accelerator that secured approximately $215 million in early 2025. Operating across multiple Latin American countries, Merama focuses on e-commerce and brand scaling. Monato, a fintech company, raised $13 million in a seed round and operates in modular financial infrastructure, offering services like direct debit and cross-border payments.

Chile

Chile's startup scene is thriving, with NotCo, a FoodTech unicorn valued at $1.5 billion, leading the charge. NotCo is a pioneer in plant-based food alternatives. Betterfly, another FinTech startup, is also making waves in Chile's startup ecosystem.

Colombia

In Colombia, Siigo offers accounting and financial management solutions, contributing to the digitalization of financial services. Aflore provides financial services using technology to reach rural areas, enhancing financial inclusion. Trii develops a mobile platform for retail investors, facilitating equity purchases in Latin America.

These startups are driving innovation and economic growth across Latin America. Digital Financial Services, such as those offered by Klar and Monato in Mexico, are expanding access to financial services, enhancing inclusion, and facilitating transactions. FoodTech and Innovation, exemplified by NotCo in Chile, is creating new products and contributing to the expansion of the food industry. E-commerce and Brand Scaling, like Merama, are boosting e-commerce growth by scaling local brands, contributing to employment and economic activity. Technological Advancements, supported by initiatives like Start-Up Chile, are fostering additional innovation and investment.

Foreign investment is flowing into Latin America due to these startups, leading to further growth and new ideas. The rise of these high-value startups signifies the beginning of a new era of economic growth and technological progress in Latin America. Bitso, a significant cryptocurrency exchange based in Mexico, is making it easier to send money across borders and promoting the popularity of digital currencies in the region. The growth of e-commerce in Latin America is being supported by startups like Nuvemshop.

The success of these startups extends beyond Latin America, encouraging new ideas globally. Rappi, a Colombian startup, has transformed into a "super-app" offering various services including delivery and payments. It has expanded throughout Latin America and received significant investments, making it the largest startup in the region. Nuvemshop (also known as Tiendanube) has helped thousands of small and medium-sized businesses in Latin America get online and has become a crucial part of the growing e-commerce market.

These high-value startups are addressing local issues and creating opportunities in various sectors such as finance, digital progress, logistics, and healthcare. Brazil has a high number of startup unicorns, exceeding the total in the entire region. Examples include QuintoAndar, which revolutionized the real estate market with its online rental service, and Creditas, a fintech company offering asset-backed loans.

However, some startups have had to make cost-cutting measures, including layoffs, to maintain operations. The impact of these startups on the region's economy and future could be significant. They have faced challenges such as changing markets, economic fluctuations, and complex business regulations. The success of these startups is inspiring a new generation of entrepreneurs in Latin America.

Many of these startups, such as Rappi, QuintoAndar, Creditas, Nuvemshop, Kavak, Bitso, and Clip, are based in various countries across Latin America. Clip assists businesses with their payments in Mexico. The Latin American startup scene is attracting attention from big-name investors worldwide, with many startups achieving "unicorn" status, valued at over a billion dollars. Kavak, a Mexican startup, is changing the way people buy and sell used cars by providing a safe and open platform.

As of August 2025, the infographic shows the valuation of Latin America's biggest startups. Some startups are considering going public to secure more funds for growth. The future of Latin America's startup ecosystem looks bright, with these high-value companies leading the charge towards a more innovative and prosperous region.