Tracxn - Latam Tech - Top Business Models - Jun 2021
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The document provides an overview of the top business models in the LATAM tech sector, highlighting funding trends and key players. Notable models include digital native retail banks, online second hand car dealers, and disease self-management apps, with significant funding amounts and rounds reported. It also details specific funding rounds for leading companies in these sectors, emphasizing the growth in investment over the last year.
Tracxn - Latam Tech - Top Business Models - Jun 2021
- 1. TRACXN TOP BUSINESS MODELS REPORT June 15, 2021 LATAM TECH
- 2. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Contents LatamLatam Tech Funding - Overview 3 Top Funded Business Models 4 One pagers 9 Appendix 59 2
- 3. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Funding in last 1 year 3 Banking Tech $2.1B Residential Real Estate Tech $831M Second Hand Goods $717M Payments $700M Disease Self Management $521M Cryptocurrencies $351M Y-o-Y Funding Top Investors by Funding Rounds Seed Stage Y Combinator Canary FJ Labs 47 7 5 Early Stage Kaszek Ventures QED Investors Monashees 10 6 5 Late Stage Kaszek Ventures Monashees Advent International 9 6 4 Funding by Geography Top Feeds by $ Funding Top Funding Rounds $ Funding # Rounds Nubank (2013, ) $750M - Series G Wecancer (2015, ) $521M - Series D Kavak (2016, ) $485M - Series D Loft (2018, ) $425M - Series D Nubank (2013, ) $400M - Series G Rappi (2015, ) $300M - Series E Nubank (2013, ) $300M - Series F Neon (2016, ) $300M - Series C QuintoAndar (2012, ) $300M - Series E Creditas (2012, ) $255M - Series E Clip (2012, ) $250M - Series D Bitso (2013, ) $250M - Series C Sao Paulo (47%) Mexico City (11%) Chihuahua (8%) Vitoria (6%) Bogota (5%) Others (22%)
- 4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Latam Tech - Top Funded Business Models - last 1 year (1/5) 4 Rank Business Model $ Funding # Rounds Top Funding Round Details 1<> 0 Digital Native Retail Banks $1.4B 4 Nubank | $750M | Series G Link 2-- Online Second Hand Car Dealers $710M 2 Kavak | $485M | Series D Link 3▼1 iBuying Platforms $525M 3 Loft | $425M | Series D Link 4-- Cancer Detecting App $521M 1 Wecancer | $521M | Series D Link 5▲1 Internet First Retail Banks with Partner Bank's License $407M 8 Neon | $300M | Series C Link 6▲36 Crypto Exchanges $350M 3 Bitso | $250M | Series C Link 7▼4 Internet First Residential Real Estate Brokers $304M 2 QuintoAndar | $300M | Series E Link 8-- POS Payment Terminals $250M 2 Clip | $250M | Series D Link 9-- Hyperlocal Delivery $205M 4 Rappi | $300M | Series E Link 10▼3 Home Furnishing Products Marketplaces $190M 1 MadeiraMadeira | $190M | Series E Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Latam Tech - Top Funded Business Models - last 1 year (2/5) 5 Rank Business Model $ Funding # Rounds Top Funding Round Details 11-- Payment Card Issuer Processors $170M 2 Conductor | $150M | Series D Link 12▲42 Online Shuttle Aggregators $138M 1 Buser | $138M | Series C Link 13▲20 Whiteboarding Software $124M 1 MURAL | $124M | Series B Link 14▲20 Whiteboard Platforms $124M 1 MURAL | $124M | Series B Link 15-- Unified Identity and Access Management $121M 1 Auth0 | $121M | Series F Link 16▼2 Mobile Casual Game Developers $120M 1 Wildlife Stud.. | $120M | Series B Link 17-- Online Business Payments $109M 3 Kushki | $86.0M | Series B Link 18▲35 Facial Biometric Systems $107M 1 Acesso | $107M | Series B Link 19-- Internet First Banks with Partner Bank's License $100M 2 C6bank | $96.9M | Series C Link 20-- Messaging Marketing $100M 1 Take Blip | $100M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Latam Tech - Top Funded Business Models - last 1 year (3/5) 6 Rank Business Model $ Funding # Rounds Top Funding Round Details 21-- Low Code Chatbot Development Platform $100M 1 Take Blip | $100M | Series A Link 22▲4 Plant Based Dairy Brands $95.0M 2 NotCo | $85.0M | Series C Link 23▲4 Plant Based Seafood Substitutes $95.0M 2 NotCo | $85.0M | Series C Link 24-- Online Test Preparation Tutoring $84.5M 1 Descomplica | $84.5M | Series E Link 25-- Online K-12 Academic Courses $84.5M 1 Descomplica | $84.5M | Series E Link 26-- Card Linked Digital Wallets $70.1M 2 RecargaPay | $70.0M | Series C Link 27▲4 B2B Fruits and Vegetables Marketplace $65.0M 1 Frubana | $65.0M | Series B Link 28-- Conversational Analytics $65.0M 2 Yalo | $50.0M | Series C Link 29▲3 B2B Fruits and Vegetables ECommerce Marketplace $65.0M 1 Frubana | $65.0M | Series B Link 30-- Online IT Education Courses $50.1M 2 Digital House | $50.0M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Latam Tech - Top Funded Business Models - last 1 year (4/5) 7 Rank Business Model $ Funding # Rounds Top Funding Round Details 31-- Technology Coaching Centers for Professionals $50.0M 1 Digital House | $50.0M | Series B Link 32▲34 Internet First Revenue Based Financing $40.6M 3 A55 | $35.0M | Series A Link 33▲19 Identity Verification $40.1M 1 idwall | $40.1M | Series C Link 34▲98 Last Mile Ecommerce Delivery $40.1M 3 99minutos.com | $40.0M | Series B Link 35-- Trade Management Software $35.0M 1 Vórtx | $35.0M | Series B Link 36-- Internet First Corporate Credit Card Issuers $33.5M 2 Clara | $30.0M | Series A Link 37▲11 Internet First Credit Cards $32.5M 1 Stori | $32.5M | Series B Link 38▲20 Legal Online Consultation $32.4M 1 JusBrasil | $32.4M | Series C Link 39-- Building Materials Marketplace $29.8M 5 TüL | $20.3M | Series A Link 40▲7 Internet First Banks for Businesses with Partner Bank's License $26.7M 1 Cora | $26.7M | Series A Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Latam Tech - Top Funded Business Models - last 1 year (5/5) 8 Rank Business Model $ Funding # Rounds Top Funding Round Details 41▲14 White Label Wallet Solutions $26.4M 2 Hash | $15.0M | Series B Link 42▼29 Truck Booking Marketplace $25.3M 2 Liftit | $22.5M | Series B Link 43▲88 Open Banking API Providers $19.2M 6 Quanto | $15.0M | Series A Link 44-- Employee Healthcare Benefits Administration $18.7M 3 Betterfly | $9.0M | Series A Link 45▲12 Internet First Working Capital Loans Marketplaces $11.8M 1 Creze | $11.8M | Series A Link 46▲18 On Demand Pay $11.5M 1 minu | $11.5M | Series A Link 47▲65 Robo Advisors $11.0M 1 Magnetis | $11.0M | Series B Link 48▲46 Medical Second Opinion Teleconsultation for Employees $9.0M 2 MedPass | $6.0M | Series A Link 49▼5 Internet First Property Rental Agency $8.1M 2 Houm | $8.0M | Seed Link 50▼15 Online Meal Kits Delivery $7.8M 1 Liv Up | $7.8M | Series B Link * Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
- 9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Digital Native Retail Banks - Latam 01 9 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $1.4B (▲263%) 4(▲300%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $2.3B 3 - 12 2 Banking Tech (Flink) (# Cos: 210 | $3.1B) Internet First Banks (Fondeadora) (# Cos: 86 | $3.1B) Digital Native Banks (Agibank) (# Cos: 21 | $2.3B) Retail Banking (Nubank) (# Cos: 12 | $2.3B) Nubank (2013, $2.3B) Agibank (1999, $74.5M) Acesso Bank Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Nubank (2013) $750M - Series G - Jun 2021 Nubank (2013) $400M - Series G - Jan 2021 Nubank (2013) $300M - Series F - Aug 2020 Agibank (1999) $74.5M - PE - Feb 2021
- 10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online Second Hand Car Dealers - Latam 02 10 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $710M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $900M 1 - 1 1 Second Hand Goods (MercadoLibre) (# Cos: 69 | $1.1B) Auto (InstaCarro) (# Cos: 21 | $954M) Cars (Volanty) (# Cos: 16 | $953M) B2C (ICarros) (# Cos: 10 | $900M) Online Dealer (Kavak) (# Cos: 1 | $900M) Kavak (2016, $900M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Kavak (2016) $485M - Series D - Apr 2021 Kavak (2016) $225M - Series C - Oct 2020
- 11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds iBuying Platforms - Latam 03 11 Back to index Residential Real Estate Tech (QuintoAndar) (# Cos: 100 | $1.6B) Online Resellers (Loft) (# Cos: 2 | $803M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $525M (▲102%) 3( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $803M 2 - 2 2 Loft (2018, $798M) Flat (2019, $4.9M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Loft (2018) $425M - Series D - Mar 2021 Loft (2018) $100M - Series D - Apr 2021 Flat (2019) $150K - Seed - Aug 2020
- 12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Wecancer (2015) $521M - Series D - Feb 2021 Cancer Detecting App - Latam 04 12 Back to index Disease Self Management (Hand Talk) (# Cos: 151 | $530M) Monitoring (Tummi) (# Cos: 2 | $521M) App (Wecancer) (# Cos: 2 | $521M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $521M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $521M 1 - 2 1 Wecancer (2015, $521M) Tummi Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Retail Banks with Partner Bank's License - Latam 05 13 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $407M (▲206%) 8(▲33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $622M 11 - 35 6 Banking Tech (Klar) (# Cos: 210 | $3.1B) Internet First Banks (Nubank) (# Cos: 86 | $3.1B) Through Bank Partnerships (Flink) (# Cos: 63 | $760M) Retail Banking (Fondeadora) (# Cos: 35 | $622M) Fondeadora (2011, $33.0M) Flink (2015, $13.0M) Klar (2019, $72.0M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Neon (2016) $300M - Series C - Sep 2020 albo (2016) $45.0M - Series B - Dec 2020 Klar (2019) $15.0M - Series A - Oct 2020 Fondeadora (2011) $14.9M - Series A - Mar 2021 Fondeadora (2011) $14.0M - Series A - Aug 2020 Flink (2015) $12.0M - Series A - Feb 2021 alt.bank (2019) $5.5M - Series A - May 2021 View all 8 Funding Rounds on Tracxn Platform
- 14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Crypto Exchanges - Latam 06 14 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $350M (▲2231%) 3(▲200%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $372M 11 - 196 1 Cryptocurrencies (Ripio protocol) (# Cos: 598 | $381M) Financial Services (CryptoMKT) (# Cos: 420 | $381M) Investment Industry (Mercado Bitcoin) (# Cos: 320 | $373M) Crypto Exchanges (Bitso) (# Cos: 196 | $372M) Bitso (2013, $331M) Mercado Bitcoin (2013, $37.6M) CryptoMKT (2016, $50.0K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Bitso (2013) $250M - Series C - May 2021 Bitso (2013) $62.0M - Series B - Dec 2020 Mercado Bitcoin (2013) $37.6M - Series C - Jan 2021
- 15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Residential Real Estate Brokers - Latam 07 15 Back to index Residential Real Estate Tech (Loft) (# Cos: 100 | $1.6B) Online Brokers (QuintoAndar) (# Cos: 8 | $644M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $304M (▲19.5%) 2(▼33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $644M 6 - 8 1 QuintoAndar (2012, $635M) Mudafy (2018, $150K) EmCasa (2017, $3.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. QuintoAndar (2012) $300M - Series E - May 2021 EmCasa (2017) $3.6M - Series A - Sep 2020
- 16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds POS Payment Terminals - Latam 08 16 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $250M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $396M 10 - 63 1 Payments (Stori) (# Cos: 607 | $1.5B) Business Payments (Konfío) (# Cos: 295 | $754M) POS Payments (Getnet) (# Cos: 79 | $397M) POS Payment Terminal (Clip) (# Cos: 63 | $396M) Clip (2012, $396M) Getnet Billpocket (2011, $125K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Clip (2012) $250M - Series D - Jun 2021 NextPay (2009) $125K - Seed - Mar 2021
- 17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Rappi (2015) $300M - Series E - Sep 2020 Loggi (2013) $205M - Series D - Mar 2021 Cargamos.com (2018) $4.0M - Series A - Jan 2021 Mensajeros Urbanos (2013) Undisclosed - Series B - Jul 2020 Hyperlocal Delivery - Latam 09 17 Back to index Logistics Tech (Loggi) (# Cos: 776 | $2.6B) Parcel (Cornershop) (# Cos: 290 | $2.3B) Hyperlocal Delivery (Rappi) (# Cos: 212 | $2.3B) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $205M ( -- ) 4( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 12 $2.3B 39 - 212 4 Rappi (2015, $1.8B) Cornershop (2015, $30.1M) Loggi (2013, $486M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Home Furnishing Products Marketplaces - Latam 10 18 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $190M (▲72.7%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $318M 4 - 5 2 Home Improvements (Luuna) (# Cos: 107 | $360M) B2C Commerce (Oppa Design) (# Cos: 84 | $360M) Horizontal (Mobly) (# Cos: 27 | $357M) Marketplace (MadeiraMadeira) (# Cos: 5 | $318M) MadeiraMadeira (2009, $300M) GAIA (2014, $17.9M) Design Market (2014, $435K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MadeiraMadeira (2009) $190M - Series E - Jan 2021
- 19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Conductor (1997) $150M - Series D - Oct 2020 Conductor (1997) $20.0M - Series D - Dec 2020 Payment Card Issuer Processors - Latam 11 19 Back to index Payments (Stori) (# Cos: 607 | $1.5B) Enablers (Cielo) (# Cos: 44 | $281M) Issuer Processor (EVERTEC) (# Cos: 9 | $171M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $170M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $171M 7 3 9 0 EVERTEC Cielo Conductor (1997, $170M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online Shuttle Aggregators - Latam 12 20 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $138M (▲1433%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $147M 3 - 9 1 Road Transport Tech (Estapar) (# Cos: 576 | $1.1B) Mass Transit (ClickBus) (# Cos: 74 | $169M) Shuttle (Buser) (# Cos: 9 | $147M) Aggregator (Urbvan) (# Cos: 9 | $147M) Urbvan (2016, $9.0M) Buser (2017, $138M) Bussi Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Buser (2017) $138M - Series C - Jun 2021
- 21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Whiteboarding Software - Latam 13 21 Back to index Enterprise Collaboration (Todoist) (# Cos: 158 | $153M) Whiteboarding Platform (MURAL) (# Cos: 2 | $148M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $124M (▲437%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $148M 2 - 2 1 MURAL (2011, $148M) Duuca Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MURAL (2011) $124M - Series B - Aug 2020
- 22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Whiteboard Platforms - Latam 14 22 Back to index Remote Work Tools (Todoist) (# Cos: 14 | $148M) Whiteboard Platforms (MURAL) (# Cos: 1 | $148M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $124M (▲437%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $148M 1 - 1 1 MURAL (2011, $148M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MURAL (2011) $124M - Series B - Aug 2020
- 23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Auth0 (2013) $121M - Series F - Jul 2020 Unified Identity and Access Management - Latam 15 23 Back to index Cybersecurity (PSafe) (# Cos: 253 | $505M) IAM (idwall) (# Cos: 49 | $387M) Unified IAM (Auth0) (# Cos: 1 | $333M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $121M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $333M 1 - 1 0 Auth0 (2013, $333M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Mobile Casual Game Developers - Latam 16 24 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $120M (▲100%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $260M 25 - 175 1 Mobile Gaming (Etermax) (# Cos: 236 | $267M) Game Developers (Widow Games) (# Cos: 229 | $266M) Casual (The Other Guys) (# Cos: 206 | $264M) Multi Genre (Wildlife Studios) (# Cos: 175 | $260M) Wildlife Studios (2011, $250M) The Other Guys (2012, $25.0K) Widow Games (2012, $250K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Wildlife Studios (2011) $120M - Series B - Aug 2020
- 25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Kushki (2016) $86.0M - Series B - Jun 2021 Iugu (2012) $22.6M - Series A - Sep 2020 ETPay (2018) Undisclosed - Seed - Sep 2020 Online Business Payments - Latam 17 25 Back to index Payments (Stori) (# Cos: 607 | $1.5B) Business Payments (Clip) (# Cos: 295 | $754M) Online Payments (Tpaga) (# Cos: 108 | $160M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $109M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 11 $160M 26 - 108 2 Tpaga (2015, $2.3M) Conekta (2012, $19.6M) Koin (2014, $4.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Facial Biometric Systems - Latam 18 26 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $107M (▲1020%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $117M 3 - 10 1 Security & Surveillance Technology (CityCop) (# Cos: 195 | $119M) PIAM (Condlink) (# Cos: 45 | $118M) Biometrics System (Inngresa) (# Cos: 21 | $118M) Facial Biometrics (Acesso) (# Cos: 10 | $117M) Acesso (2007, $117M) BigData BiometryCloud (2012, $40.0K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Acesso (2007) $107M - Series B - Sep 2020
- 27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Banks with Partner Bank's License - Latam 19 27 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $100M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 1 $100M 4 - 18 1 Banking Tech (Flink) (# Cos: 210 | $3.1B) Internet First Banks (Nubank) (# Cos: 86 | $3.1B) Through Bank Partnerships (Fondeadora) (# Cos: 63 | $760M) Diversified (C6bank) (# Cos: 18 | $100M) C6bank (2018, $96.9M) DinDin (2016, $133K) Zenus Bank (2018, $3.2M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. C6bank (2018) $96.9M - Series C - Aug 2020 Zenus Bank (2018) $3.2M - Series A - Dec 2020
- 28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Take Blip (1999) $100M - Series A - Oct 2020 Messaging Marketing - Latam 20 28 Back to index MarketingTech (Resultados Digitais) (# Cos: 644 | $404M) Mobile Marketing (RankMyApp) (# Cos: 60 | $154M) Messaging Marketing (Zenvia) (# Cos: 32 | $154M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $100M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $154M 4 - 32 1 Zenvia (2003, $54.0M) Take Blip (1999, $100M) Mensajea (2016, $16.8K) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Low Code Chatbot Development Platform - Latam 21 29 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $100M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 2 - 23 1 Chatbots (Yana) (# Cos: 148 | $105M) Chatbot Development (Krino) (# Cos: 30 | $100M) Conversational AI Development (Nama) (# Cos: 27 | $100M) Low Code Platform (Take Blip) (# Cos: 23 | $100M) Take Blip (1999, $100M) Fredbots Botengo Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Take Blip (1999) $100M - Series A - Oct 2020
- 30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Plant Based Dairy Brands - Latam 22 30 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $95.0M (▲191%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $161M 1 - 3 1 Food & Beverage Products (Grupo Bimbo) (# Cos: 861 | $1.1B) Dairy (SanCor) (# Cos: 67 | $161M) Multi-category (Alpina) (# Cos: 10 | $161M) Plant Based (NotCo) (# Cos: 3 | $161M) NotCo (2015, $161M) Soya's Mexihani Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. NotCo (2015) $85.0M - Series C - Sep 2020 NotCo (2015) $10.0M - Series C - Jun 2021
- 31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Plant Based Seafood Substitutes - Latam 23 31 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $95.0M (▲191%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $161M 1 - 2 1 Food Tech (iFood) (# Cos: 385 | $863M) Novel Foods (The New Butchers) (# Cos: 11 | $161M) Food Products (BENJI) (# Cos: 8 | $161M) Dairy Substitute (Bifidice) (# Cos: 3 | $161M) Plant Based (NotCo) (# Cos: 2 | $161M) NotCo (2015, $161M) NoMoo Plant-Based Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. NotCo (2015) $85.0M - Series C - Sep 2020 NotCo (2015) $10.0M - Series C - Jun 2021
- 32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online Test Preparation Tutoring - Latam 24 32 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $84.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $115M 1 - 1 1 Test Preparation Tech (Estuda) (# Cos: 32 | $115M) Digital Learning (Studos) (# Cos: 31 | $115M) Diversified (Concursos de Bolso) (# Cos: 6 | $115M) Instructor-Led (Descomplica) (# Cos: 1 | $115M) Descomplica (2011, $115M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Descomplica (2011) $84.5M - Series E - Feb 2021
- 33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online K-12 Academic Courses - Latam 25 33 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $84.5M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $115M 6 - 17 1 K-12 EdTech (Blended) (# Cos: 305 | $138M) B2C Learning Solutions (PleIQ) (# Cos: 102 | $118M) School Curriculum (meSalva!) (# Cos: 61 | $117M) Multi Subject (Stoodi) (# Cos: 57 | $117M) Online Courses (Descomplica) (# Cos: 17 | $115M) Descomplica (2011, $115M) Stoodi meSalva! Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Descomplica (2011) $84.5M - Series E - Feb 2021
- 34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Card Linked Digital Wallets - Latam 26 34 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $70.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $131M 7 - 22 1 Payments (Uala) (# Cos: 607 | $1.5B) Consumer Payments (Stori) (# Cos: 268 | $486M) Wallets (Moni) (# Cos: 108 | $137M) Card Linked (RecargaPay) (# Cos: 22 | $131M) RecargaPay (2010, $123M) Moni (2013, $7.5M) PicPay Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. RecargaPay (2010) $70.0M - Series C - Feb 2021 Pagaloop (2019) $125K - Seed - Jan 2021
- 35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds B2B Fruits and Vegetables Marketplace - Latam 27 35 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $65.0M (▲158%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 2 - 7 1 Online Grocery (Cornershop) (# Cos: 244 | $308M) B2B Ecommerce (Mayoreo Total) (# Cos: 18 | $100M) Farm Produce (Grou) (# Cos: 10 | $100M) Fruits and Vegetables (Agree Market) (# Cos: 8 | $100M) Marketplace (Frubana) (# Cos: 7 | $100M) Frubana (2018, $100M) Agree Market (2017, $100K) Grou Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Frubana (2018) $65.0M - Series B - Jun 2021
- 36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Yalo (2015) $50.0M - Series C - May 2021 Yalo (2015) $15.0M - Series B - Aug 2020 Conversational Analytics - Latam 28 36 Back to index MarketingTech (Resultados Digitais) (# Cos: 644 | $404M) Marketing Intelligence (Cortex) (# Cos: 26 | $138M) Conversational Analytics (Yalo) (# Cos: 2 | $75.0M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $65.0M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $75.0M 1 - 2 1 Yalo (2015, $75.0M) Mobcall Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds B2B Fruits and Vegetables ECommerce Marketplace - Latam 29 37 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $65.0M (▲158%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $100M 3 - 16 1 Crop Tech (Taranis) (# Cos: 448 | $286M) ECommerce (Agrofy) (# Cos: 72 | $131M) Farm Produce (Cultivando Futuro) (# Cos: 37 | $101M) B2B (Gro Direto) (# Cos: 22 | $101M) Fruits and Vegetables (Agree Market) (# Cos: 17 | $100M) Marketplace (Frubana) (# Cos: 16 | $100M) Frubana (2018, $100M) Agree Market (2017, $100K) Cultivando Futuro Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Frubana (2018) $65.0M - Series B - Jun 2021
- 38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online IT Education Courses - Latam 30 38 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $50.1M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $80.1M 6 - 16 1 Continued Learning (Samba Tech) (# Cos: 330 | $105M) Professional (Gama Academy) (# Cos: 157 | $94.6M) Online Learning (eduK) (# Cos: 153 | $94.6M) IT Education (Digital Innovation One) (# Cos: 40 | $82.4M) Diversified (Henry) (# Cos: 17 | $82.3M) Online Courses (Digital House) (# Cos: 16 | $80.1M) Digital House (2015, $80.0M) Academlo Alura Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Digital House (2015) $50.0M - Series B - Mar 2021 Awari (2018) $125K - Seed - Jan 2021
- 39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Digital House (2015) $50.0M - Series B - Mar 2021 Technology Coaching Centers for Professionals - Latam 31 39 Back to index Continuing Education Chains (Caelum) (# Cos: 23 | $80.0M) Corporates (LEC Computacion) (# Cos: 10 | $80.0M) Technology (Digital House) (# Cos: 4 | $80.0M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $50.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $80.0M 2 - 4 1 Digital House (2015, $80.0M) BluePatagon Bertini Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Revenue Based Financing - Latam 32 40 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $40.6M (▲712%) 3(▲200%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $45.6M 2 - 3 2 Alternative Lending (Creditas) (# Cos: 347 | $1.4B) Online Lenders (Stori) (# Cos: 284 | $1.3B) Business Loans (BizCapital) (# Cos: 81 | $402M) Revenue Based Financing (Divibank) (# Cos: 3 | $45.6M) Direct Lender (A55) (# Cos: 3 | $45.6M) A55 (2019, $42.0M) Divibank (2020, $3.6M) Fairplay Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. A55 (2019) $35.0M - Series A - May 2021 Divibank (2020) $3.6M - Seed - May 2021 A55 (2019) $2.0M - Seed - Oct 2020
- 41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Identity Verification - Latam 33 41 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $40.1M (▲312%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $53.9M 2 - 2 1 Cybersecurity (PSafe) (# Cos: 253 | $505M) IAM (Auth0) (# Cos: 49 | $387M) Federated Identity Management (ReconoSER ID) (# Cos: 3 | $53.9M) Identity & Attribute Verification (idwall) (# Cos: 2 | $53.9M) idwall (2016, $53.9M) ReconoSER ID Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. idwall (2016) $40.1M - Series C - Jun 2021
- 42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds 99minutos.com (2013) $40.0M - Series B - Jun 2021 Clicoh (2018) $125K - Seed - Jan 2021 Moova (2018) Undisclosed - Seed - Feb 2021 Last Mile Ecommerce Delivery - Latam 34 42 Back to index Logistics Tech (Rappi) (# Cos: 776 | $2.6B) Ecommerce Logistics (Mandae) (# Cos: 89 | $60.6M) Last Mile (99minutos.com) (# Cos: 17 | $40.3M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $40.1M (▲ >10K%) 3(▲50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $40.3M 8 - 17 1 99minutos.com (2013, $40.1M) Eu Entrego Freta.la Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Trade Management Software - Latam 35 43 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $35.0M ( -- ) 1( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $35.0M 1 - 2 1 Investment Tech (Guiabolso) (# Cos: 395 | $663M) Capital Market IT (Noble Bank International) (# Cos: 8 | $36.0M) Trade Management (Ceptinel) (# Cos: 8 | $36.0M) Suite (Vórtx) (# Cos: 2 | $35.0M) Vórtx (2015, $35.0M) Fast Trade Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Vórtx (2015) $35.0M - Series B - Mar 2021
- 44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Corporate Credit Card Issuers - Latam 36 44 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $33.5M ( -- ) 2( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $33.5M 1 - 3 1 Payments (Clip) (# Cos: 607 | $1.5B) Consumer Payments (RecargaPay) (# Cos: 268 | $486M) Payment Cards (Uala) (# Cos: 95 | $328M) Credit Cards (Stori) (# Cos: 23 | $83.5M) Corporate Cards (Clara) (# Cos: 3 | $33.5M) Clara (2019, $33.5M) Lendix Visa Business Credit C.. Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Clara (2019) $30.0M - Series A - May 2021 Clara (2019) $3.5M - Seed - Mar 2021
- 45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Credit Cards - Latam 37 45 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $32.5M (▲225%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $50.0M 5 - 20 1 Payments (Clip) (# Cos: 607 | $1.5B) Consumer Payments (RecargaPay) (# Cos: 268 | $486M) Payment Cards (Uala) (# Cos: 95 | $328M) Credit Cards (Naranja) (# Cos: 23 | $83.5M) General Purpose (Stori) (# Cos: 20 | $50.0M) Stori (2019, $50.0M) Naranja Nu Mexico Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Stori (2019) $32.5M - Series B - Feb 2021
- 46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Legal Online Consultation - Latam 38 46 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $32.4M (▲322%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $42.2M 2 - 7 0 Legal Tech (Mifiel) (# Cos: 157 | $43.6M) Legal Marketplace (Oi Advogado) (# Cos: 17 | $42.2M) Lawyers (MisAbogados) (# Cos: 17 | $42.2M) Online Consultation (JusBrasil) (# Cos: 7 | $42.2M) JusBrasil (2008, $42.2M) AdvogadoComunitario Deleyes Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. JusBrasil (2008) $32.4M - Series C - Apr 2021
- 47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Building Materials Marketplace - Latam 39 47 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $29.8M ( -- ) 5( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $29.8M 4 - 11 1 Construction Tech (Prysmex) (# Cos: 124 | $32.6M) Building Materials (Tecnoglass) (# Cos: 17 | $29.8M) Ecommerce (Oico) (# Cos: 13 | $29.8M) Marketplace (CAPP) (# Cos: 11 | $29.8M) Diversified (TüL) (# Cos: 11 | $29.8M) TüL (2019, $28.1M) CAPP Oico (2019, $1.6M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. TüL (2019) $20.3M - Series A - Feb 2021 TüL (2019) $4.0M - Seed - Nov 2020 TüL (2019) $3.9M - Seed - Sep 2020 Oico (2019) $1.5M - Seed - Aug 2020 Oico (2019) $150K - Seed - Aug 2020
- 48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Banks for Businesses with Partner Bank's License - Latam 40 48 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $26.7M (▲159%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $37.0M 2 - 10 1 Banking Tech (Flink) (# Cos: 210 | $3.1B) Internet First Banks (Nubank) (# Cos: 86 | $3.1B) Through Bank Partnerships (Fondeadora) (# Cos: 63 | $760M) Business Banking (Cora) (# Cos: 10 | $37.0M) Cora (2019, $37.0M) Banco Topazio Linker Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Cora (2019) $26.7M - Series A - Apr 2021
- 49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds White Label Wallet Solutions - Latam 41 49 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $26.4M (▲193%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $63.3M 3 - 5 2 Payments (Stori) (# Cos: 607 | $1.5B) Enablers (EVERTEC) (# Cos: 44 | $281M) White Label Solutions (Zoop) (# Cos: 13 | $63.3M) Wallets (Hash) (# Cos: 5 | $63.3M) Hash (2017, $27.1M) Zoop (2018, $29.7M) CodaMation (2005, $6.5M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Hash (2017) $15.0M - Series B - Apr 2021 Zoop (2018) $11.4M - Series B - Sep 2020
- 50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Truck Booking Marketplace - Latam 42 50 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $25.3M (▼68.8%) 2(▼33.3%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $222M 20 - 69 2 Logistics Tech (Rappi) (# Cos: 776 | $2.6B) Freight (Nowports) (# Cos: 352 | $273M) Trucking (SimpliRoute) (# Cos: 264 | $263M) Heavy Cargo (Cargo X) (# Cos: 85 | $239M) Marketplace (Liftit) (# Cos: 69 | $222M) Liftit (2016, $39.0M) Cargo X (2013, $179M) TruckPad Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Liftit (2016) $22.5M - Series B - Jul 2020 Cargo X (2013) $2.8M - Series E - Jun 2020
- 51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Quanto (2020) $15.0M - Series A - Sep 2020 SWAP (2020) $3.3M - Seed - Jul 2020 Fitbank (2016) $666K - Seed - Mar 2021 Plunzo (2020) $150K - Seed - Aug 2020 Fintoc (2020) $125K - Seed - Jan 2021 Fitbank (2016) Undisclosed - Seed - Jul 2020 Open Banking API Providers - Latam 43 51 Back to index Banking Tech (Nubank) (# Cos: 210 | $3.1B) Open Banking (Stark Bank) (# Cos: 25 | $19.3M) Banking APIs (Fitbank) (# Cos: 21 | $19.3M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $19.2M (▲ >10K%) 6(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $19.3M 12 - 21 2 Fitbank (2016, $666K) Stark Bank (2018, $125K) Finerio Connect Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Betterfly (2018) $9.0M - Series A - Dec 2020 Betterfly (2018) $8.5M - Series A - Jul 2020 Betterfly (2018) $1.2M - Series A - Mar 2021 Employee Healthcare Benefits Administration - Latam 44 52 Back to index Employee Health IT (1DOC3) (# Cos: 53 | $49.1M) Healthcare Benefits Administration (4Uno) (# Cos: 6 | $18.7M) Benefits Management (Betterfly) (# Cos: 4 | $18.7M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $18.7M ( -- ) 3( -- ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $18.7M 4 - 4 1 Betterfly (2018, $18.7M) Bamba Klivo Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Internet First Working Capital Loans Marketplaces - Latam 45 53 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $11.8M (▲47.8%) 1(▼50%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club 2 $32.4M 6 - 7 2 Alternative Lending (Creditas) (# Cos: 347 | $1.4B) Online Lenders (Stori) (# Cos: 284 | $1.3B) Business Loans (BizCapital) (# Cos: 81 | $402M) Working Capital Loans (Creze) (# Cos: 9 | $32.4M) Marketplace (Sempli) (# Cos: 7 | $32.4M) Sempli (2016, $17.3M) Creze (2015, $12.8M) IOUU (2016, $1.8M) Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Creze (2015) $11.8M - Series A - Aug 2020
- 54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds On Demand Pay - Latam 46 54 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $11.5M (▲76.9%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $20.0M 2 - 3 1 HRTech (Emprego Ligado) (# Cos: 468 | $176M) Employee Benefits (Vidalink) (# Cos: 33 | $36.2M) Financial Benefits (ePesos) (# Cos: 16 | $27.4M) On Demand Pay (minu) (# Cos: 3 | $20.0M) minu (2019, $20.0M) numina EasyMePresta Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. minu (2019) $11.5M - Series A - Mar 2021
- 55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Robo Advisors - Latam 47 55 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $11.0M (▲2001%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $20.0M 9 - 11 1 Investment Tech (Easynvest) (# Cos: 395 | $663M) Wealth Management Platforms (Guiabolso) (# Cos: 129 | $474M) Robo Advisors (Fintual) (# Cos: 17 | $20.9M) Horizontal (Magnetis) (# Cos: 11 | $20.0M) Magnetis (2012, $16.9M) Fintual (2016, $225K) Monetus Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Magnetis (2012) $11.0M - Series B - Jul 2020
- 56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Medical Second Opinion Teleconsultation for Employees - Latam 48 56 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $9.0M (▲704%) 2(▲100%) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $20.1M 4 - 4 2 Employee Health IT (Cuidas) (# Cos: 53 | $49.1M) Tech Enabled Services (Vidalink) (# Cos: 39 | $30.4M) Teleconsultation (Medicinia) (# Cos: 9 | $20.1M) Second Opinion (1DOC3) (# Cos: 4 | $20.1M) 1DOC3 (2014, $5.0M) Vittude (2016, $1.1M) ViBe Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. MedPass (2016) $6.0M - Series A - Oct 2020 1DOC3 (2014) $3.0M - Seed - Apr 2021
- 57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Houm (2003) $8.0M - Seed - Apr 2021 Houm (2003) $125K - Seed - Mar 2021 Internet First Property Rental Agency - Latam 49 57 Back to index Property Management Tech (Kolonus) (# Cos: 119 | $27.2M) Rental Management (Houm) (# Cos: 12 | $25.3M) Tech First Rental Agency (Home.ht) (# Cos: 7 | $25.2M) Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $8.1M (▼39.8%) 2( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $25.2M 3 - 7 1 Home.ht (2016, $15.7M) Houm (2003, $9.5M) Union Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
- 58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Latam Tech - Top Business Models Report Recent Funding Rounds Online Meal Kits Delivery - Latam 50 58 Back to index Taxonomy $ Invested in last 1 year in Latam Tech Key Stats # Funding Rounds in last 1 year in Latam Tech $7.8M (▼64.5%) 1( <> 0% ) Funded Companies Companies Acquisitions Total $ Invested IPOs Soonicorn Club - $37.3M 3 - 8 1 Online Grocery (Merqueo) (# Cos: 244 | $308M) B2C Ecommerce (Cornershop) (# Cos: 201 | $206M) Recipe Box (Foodinthebox) (# Cos: 10 | $37.3M) Meals (Liv Up) (# Cos: 8 | $37.3M) Liv Up (2015, $37.3M) Foodinthebox (2015, $39.6K) Cheftime Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide. Liv Up (2015) $7.8M - Series B - Jan 2021
- 59. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Recent funding rounds Investment Trends Most Active Investors Top Funded Business Models Explore more on Tracxn All Tech Companies Latam Tech Companies Online Travel Companies Companies using AI in Healthcare Companies founded by Stanford GSB Alumni Soonicorn club in Fintech Analyst Picks in Latam Tech Key News in FinTech Events in United States Angel Investors in Latam Bluebox Companies Investment Activity Miscellaneous Company Detail Page of Nubank Competitors of Rappi Cap Table for TransferWise Financials for Ola Employee Count for Revolut Company Due Diligence Exits Public Companies Acquired Companies Most Active Acquirers Reports QuintoAndar - Company Report Novel Foods - Business Model Report HRTech - Feed Report FinTech - Top Business Models Report US Tech - Top Business Models Report US Tech - Monthly Report 59
- 60. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved. Explore other Reports on Tracxn HRTech InsurTech Food Tech Novel Foods Blockchain Network P2P Remittance Business Model Reports Consumer Digital - Latam Enterprise Tech - Latam FinTech - Latam Feed Geo Reports Company Reports Monthly Unicorn Report Unicorn Reports Transferwise Coursera BigBasket Feed Reports Top Business Models in PA FinTech Enterprise Applications Artificial Intelligence Geo Monthly Reports US Tech Europe Tech China Tech Top Business Models in Geo India Tech Israel Tech UK & Ireland Tech 60
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