Top Latin American Unicorn Startups by Valuation (2025)
Latin America's tech scene is booming, with several startups achieving unicorn status. While Mercado Libre paved the way, many more have reached billion-dollar valuations, spanning fintech, e-commerce, proptech, and other sectors. This list highlights some of the top Latin American unicorns based on their valuations, though some figures may reflect peak market conditions.
Rappi (2015): $5.25B (July 2021)
Colombian super app Rappi offers on-demand delivery and various other services across multiple countries. Despite facing challenges like layoffs and changing regulations, Rappi aims for an IPO after reaching break-even in late 2023.
QuintoAndar (2012): $5.1B (August 2021)
Brazilian proptech company QuintoAndar facilitates residential real estate rentals and sales. Operating in six Latin American countries and with a tech hub in Europe, QuintoAndar has grown significantly through acquisitions.
Creditas (2012): $4.8B (January 2022)
Brazilian fintech Creditas specializes in consumer loans. Its $4.8 billion valuation stems from a 2022 funding round led by Fidelity, with participation from prominent investors like SoftBank and Kaszek Ventures.
Nuvemshop (2011): $3.1B (August 2021)
Known as Tiendanube in Spanish-speaking markets, Nuvemshop is a Brazilian e-commerce platform empowering SMEs and entrepreneurs. Often called "Latin America's Shopify," Nuvemshop achieved a $3.1 billion valuation in 2021.
Wildlife Studios (2011): ~$3B (August 2020)
Brazilian mobile gaming company Wildlife Studios experienced rapid growth, but its high valuation proved challenging. The company underwent restructuring and leadership changes in 2023.
Loft (2018): $2.9B (April 2021)
Brazilian proptech Loft, backed by Silicon Valley investors, reached a $2.9 billion valuation in 2021. Despite market downturns and layoffs, Loft claims to have reached break-even in 2023.
Unico (2007): $2.6B (April 2022)
Brazilian ID tech and SaaS company Unico achieved a $2.6 billion valuation in a 2022 funding round led by Goldman Sachs, with participation from General Atlantic and SoftBank.
C6 Bank (2018): $2.28B (December 2020)
Brazilian digital bank C6 Bank focuses solely on the Brazilian market, boasting over 35 million clients. JPMorgan Chase acquired a significant stake in the neobank, which became profitable in 2024.
Kavak (2016): $2.2B (April 2025)
Mexico-based Kavak, an online platform for buying and selling used cars, saw its valuation significantly reduced after rapid expansion. With fresh funding in 2025, Kavak is targeting a potential IPO.
Bitso (2014): $2.2B (May 2021)
Latin American cryptocurrency exchange Bitso also facilitates cross-border payments. It reached a $2.2 billion valuation in 2021 with backing from Tiger Global and Coatue.
CloudWalk (2013): $2.15B (November 2021)
Brazilian payment infrastructure company CloudWalk, known for InfinitePay and Jim.com, achieved a $2.15 billion valuation in 2021. The company has since reported profitability and strong revenue growth.
Clip (2012): $2B (June 2024)
Considered the "Square of Latin America," Clip provides POS devices and fintech solutions for businesses. The company reaffirmed its $2 billion valuation in 2024 and is nearing profitability.
Loggi (2013): ~$2B (March 2021)
Brazilian logistics company Loggi specializes in last-mile delivery. Backed by SoftBank and other prominent investors, Loggi reached a near $2 billion valuation in 2021.
The Latin American startup ecosystem continues to evolve. New unicorns may emerge, and existing valuations may shift as the market changes.
