Twelve startups lead the race to become Latin America's next unicorns

These companies show business models capable of scaling. Photo: iStock

Twelve startups lead the race to become Latin America's next unicorns

TL;DR

  • 12 Latin American companies are identified as potential future unicorns.
  • Fintech startups represent the largest portion of companies with unicorn potential.
  • Key evaluation indicators included growth, maturity, investment volume, and expansion capability.
  • Factors like capital raised, macroeconomic conditions, and strategic alliances were considered.
  • The report suggests 2026 may be a more demanding year for startups, with investors prioritizing sustainable and proven business models.
  • Startups combining technology, data governance, and economic efficiency are expected to have higher chances of reaching unicorn status.
  • Addi is highlighted as an example, emphasizing its focus on building a solid model with significant consumer and merchant engagement.