We are back with our latest report on top #BusinessModels in based on #Tracxn's #proprietary #taxonomy rebrand.ly/4l8e503 Get our free reports on geo of your interest to your mailbox regularly

1. TRACXN TOP BUSINESS MODELS REPORT
January 17, 2022
LATAM TECH

2. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies 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 Limited. All rights reserved.
Latam Tech - Funding in last 1 year
3
Payments $2.0B
Banking Tech $1.8B
Auto E-Commerce & Content $1.2B
Residential Real Estate Tech $999M
Disease Self Management $524M
Cryptocurrencies $511M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
FJ Labs
Magma Partners
50
8
6
Early
Stage
Kaszek Ventures
Monashees
FJ Labs
15
15
14
Late
Stage
Tiger Global Management
Kaszek Ventures
Monashees
8
8
7
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Nubank
(2013, )
$750M - Series G
Kavak
(2016, )
$700M - Series E
Wecancer
(2015, )
$521M - Series D
Rappi
(2015, )
$500M - Series F
Tiendanube
(2010, )
$500M - Series E
Nuvemshop
(2011, )
$500M - Series E
Kavak
(2016, )
$485M - Series D
Loft
(2018, )
$425M - Series D
Nubank
(2013, )
$400M - Series G
EBANX
(2012, )
$400M - Series C
Uala
(2016, )
$350M - Series D
QuintoAndar
(2012, )
$300M - Series E
Sao Paulo (40%)
Mexico City (11%)
Bogota (9%)
Chihuahua (8%)
Buenos Aires (8%)
Others (25%)

4. Copyright © 2021, Tracxn Technologies 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▲4 Online Used Cars Dealers $1.2B 2 Kavak | $700M | Series E Link
2▲1 Digital Native Banks $1.2B 3 Nubank | $750M | Series G Link
3▲24 E-Commerce Storefronts $591M 4 Tiendanube | $500M | Series E Link
4▲137 iBuying Platforms $545M 3 Loft | $425M | Series D Link
5-- Cancer Detecting App $521M 1 Wecancer | $521M | Series D Link
6▼4 B2C Hyperlocal Delivery $511M 3 Rappi | $500M | Series F Link
7▲33 Group Buying Platforms $489M 4 Facily | $250M | Series D Link
8▲10 Cryptocurrency Trading Platforms $488M 3 Bitso | $250M | Series C Link
9▲58 Internet First Residential Real Estate Brokers $441M 3 QuintoAndar | $300M | Series E Link
10-- Business Payments Solutions $400M 1 EBANX | $400M | Series C 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 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-- Internet First NFC Prepaid Cards $350M 1 Uala | $350M | Series D Link
12-- E-Commerce Rollups $345M 5 Merama | $225M | Series B Link
13-- Merchant Acquirer Companies $340M 2 CloudWalk | $190M | Series B Link
14▲30 B2B Building Materials Marketplaces $314M 3 TüL | $181M | Series B Link
15▲61 Internet First Business Loans $272M 5 Konfío | $125M | Series E Link
16-- Blockchain in Financial Services $250M 2 2TM | $200M | Series B Link
17-- POS Payment Terminals $250M 1 Clip | $250M | Series D Link
18▼7 Plant Based Seafood Substitutes $246M 2 NotCo | $236M | Series D Link
19-- Employee Insurance Benefits Administration $235M 2 Konfío | $125M | Series E Link
20▲73 Financial Benefits $235M 4 Konfío | $125M | Series E 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 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-- Accounts Receivables Payment Solutions $235M 2 Konfío | $125M | Series E Link
22▲2 Internet First Point of Sale Financing $210M 6 Addi | $80.0M | Series C Link
23▼3 Online Pet Products Retailers $210M 3 Pet Love | $150M | Series C Link
24▼5 Marketplaces Software Suite $209M 2 Olist | $186M | Series E Link
25-- Hyperlocal Delivery $205M 4 Rappi | $500M | Series F Link
26-- B2B Farm Produce Marketplaces $163M 3 Frubana | $94.1M | Series C Link
27▼14 KYC for Financial Institutions $161M 2 Unico | $121M | Series C Link
28-- B2B Fruits and Vegetables Marketplace $159M 2 Frubana | $94.1M | Series C Link
29▲13 Internet First Credit Cards $158M 2 Stori | $125M | Series C Link
30--
Internet First Banks for Businesses with Partner
Bank's License
$143M 2 Cora | $116M | 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 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-- Bus Aggregators $138M 1 Buser | $138M | Series C Link
32-- Online Shuttle Aggregators $138M 1 Buser | $138M | Series C Link
33-- Financial Planning & Analysis Software $125M 2 isaac | $125M | Series B Link
34▼22 Physiological Biometrics $121M 1 Unico | $121M | Series C Link
35▼31 Facial Biometric Systems $121M 1 Unico | $121M | Series C Link
36▼22 Facial Recognition $121M 1 Unico | $121M | Series C Link
37-- Online Agriculture Payments $120M 1 Ectare | $120M | Series D Link
38-- Loan Life Cycle Management $115M 2 Open Co | $115M | Series D Link
39-- ERP for SMBs $112M 1 Omie | $112M | Series C Link
40-- CRM for SMB $112M 1 Omie | $112M | Series C 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 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-- Banking Software Suite $108M 1 Pismo | $108M | Series B Link
42▲56 Internet First Personal Loans $105M 3 Kueski | $102M | Series C Link
43-- Station Based Intercity Car Rentals $104M 1 Kovi | $104M | Series B Link
44-- Internet First Corporate Credit Card Issuers $104M 3 Clara | $70.0M | Series B Link
45-- Online Test Preparation Tutoring $84.5M 1 Descomplica | $84.5M | Series E Link
46-- Online K-12 Academic Courses $84.5M 1 Descomplica | $84.5M | Series E Link
47▼14 Open Banking API Providers $80.7M 6 QI Tech | $50.0M | Series A Link
48▲96 Card Linked Digital Wallets $80.0M 3 RecargaPay | $70.0M | Series C Link
49▼28 Station Based Electric Bike Rentals $80.0M 1 Tembici | $80.0M | Series C Link
50▼28 Bicycle Rentals Software $80.0M 1 Tembici | $80.0M | Series C 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 Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Online Used Cars Dealers - 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
$1.2B (▲426%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$1.4B
2
-
2
1
Auto E-Commerce & Content (Coru)
(# Cos: 301 | $1.6B)
Second Hand Vehicles (InstaCarro)
(# Cos: 76 | $1.5B)
Cars (Volanty)
(# Cos: 47 | $1.5B)
Online Dealer (Kavak)
(# Cos: 2 | $1.4B)
Kavak
(2016, $1.4B)
Checkars
(2018, $125K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kavak (2016)
$700M - Series E - Sep 2021
Kavak (2016)
$485M - Series D - Apr 2021

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Digital Native Banks - 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
$1.2B (▲286%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$2.3B
3
1
11
1
Banking Tech (Fondeadora)
(# Cos: 315 | $3.6B)
Internet First Banks (Neon)
(# Cos: 141 | $3.2B)
Digital Native Banks (Conta Simples)
(# Cos: 32 | $2.4B)
Diversified (Nubank)
(# Cos: 11 | $2.3B)
Nubank
(2013, $2.3B)
FV Bank
(2019, $8.0M)
Banco BS2
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
FV Bank (2019)
$8.0M - Series A - Aug 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Tiendanube (2010)
$500M - Series E - Aug 2021
Tiendanube (2010)
$89.0M - Series D - Mar 2021
Sumer (2021)
$2.0M - Seed - Dec 2021
Cococart (2020)
$125K - Seed - Sep 2021
E-Commerce Storefronts - Latam
03
11
Back to index
E-Commerce Enablers (Nuvemshop)
(# Cos: 318 | $2.2B)
Storefronts (HANZO)
(# Cos: 82 | $634M)
Diversified (Tiendanube)
(# Cos: 60 | $632M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$591M (▲1870%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$632M
15
-
60
2
Tiendanube
(2010, $627M)
HANZO Loja Integrada
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
iBuying Platforms - Latam
04
12
Back to index
Residential Real Estate Tech (QuintoAndar)
(# Cos: 148 | $1.7B)
Online Resellers (Loft)
(# Cos: 2 | $823M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$545M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$823M
2
-
2
2
Loft
(2018, $798M)
Flat
(2019, $24.9M)
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)
$20.0M - Series A - Sep 2021

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Wecancer (2015)
$521M - Series D - Feb 2021
Cancer Detecting App - Latam
05
13
Back to index
Disease Self Management (Hand Talk)
(# Cos: 245 | $533M)
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.

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
B2C Hyperlocal Delivery - 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
$511M (▲70.3%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$2.9B
18
-
112
4
Logistics Tech (99minutos.com)
(# Cos: 1232 | $4.0B)
Parcel (Rappi)
(# Cos: 421 | $3.4B)
Hyperlocal Delivery (Loggi)
(# Cos: 227 | $3.4B)
B2C (iFood)
(# Cos: 112 | $2.9B)
iFood
(2011, $587M)
Rappi
(2015, $2.3B)
Cargamos.com
(2018, $11.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Rappi (2015)
$500M - Series F - Jul 2021
Cargamos.com (2018)
$7.0M - Seed - Sep 2021
Cargamos.com (2018)
$4.0M - Series A - Jan 2021

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Facily (2018)
$250M - Series D - Nov 2021
Facily (2018)
$135M - Series D - Dec 2021
Facily (2018)
$63.0M - Series C - Jun 2021
Facily (2018)
$41.0M - Series B - Apr 2021
Group Buying Platforms - Latam
07
15
Back to index
Social Commerce (Renova Tu Vestidor)
(# Cos: 37 | $514M)
Group Buying (Pigit)
(# Cos: 4 | $501M)
Diversified (Facily)
(# Cos: 4 | $501M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$489M (▲3975%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$501M
3
-
4
1
Facily
(2018, $501M)
Pigit BuyOnSocial
(2011, $296K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
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
$488M (▲687%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$569M
5
-
49
2
Cryptocurrencies (Cion Digital)
(# Cos: 629 | $604M)
Financial Services (Ripio protocol)
(# Cos: 443 | $604M)
Investment Industry (Volabit)
(# Cos: 333 | $581M)
Online Trading Platforms (Mercado
Bitcoin)
(# Cos: 95 | $577M)
Regular Trading (Bitso)
(# Cos: 49 | $569M)
Bitso
(2014, $331M)
Mercado Bitcoin
(2013, $238M)
Volabit
(2014, $250K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bitso (2014)
$250M - Series C - May 2021
Mercado Bitcoin (2013)
$200M - Series B - Jul 2021
Mercado Bitcoin (2013)
$37.6M - Series A - Jan 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Residential Real Estate
Brokers - Latam
09
17
Back to index
Residential Real Estate Tech (Loft)
(# Cos: 148 | $1.7B)
Online Brokers (QuintoAndar)
(# Cos: 11 | $781M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$441M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$781M
5
-
11
2
QuintoAndar
(2012, $755M)
EmCasa
(2017, $24.6M)
Tu Canton
(2013, $1.2M)
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
QuintoAndar (2012)
$120M - Series E - Aug 2021
EmCasa (2017)
$21.0M - Series B - Jul 2021

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
EBANX (2012)
$400M - Series C - Jun 2021
Business Payments Solutions - Latam
10
18
Back to index
Payments (Stori)
(# Cos: 678 | $3.1B)
Business Payments (Konfío)
(# Cos: 321 | $1.3B)
Diversified (EBANX)
(# Cos: 36 | $436M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$400M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$436M
10
-
36
1
EBANX
(2012, $430M)
Sr. Pago
(2010, $5.0M)
Culqi
(2013, $500K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First NFC Prepaid Cards - Latam
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$350M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$589M
2
1
8
1
Payments (EBANX)
(# Cos: 678 | $3.1B)
Consumer Payments (RecargaPay)
(# Cos: 311 | $1.1B)
Payment Cards (Stori)
(# Cos: 111 | $911M)
Prepaid Cards (Mozper)
(# Cos: 84 | $640M)
General Purpose (Pagseguro)
(# Cos: 48 | $596M)
Reloadable (Sí Vale Mexico)
(# Cos: 47 | $596M)
NFC (Uala)
(# Cos: 8 | $589M)
Uala
(2016, $544M)
Pagseguro Bitwallet
(2001, $45.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Uala (2016)
$350M - Series D - Aug 2021

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - Latam
12
20
Back to index
Brands Tech (Algramo)
(# Cos: 12 | $455M)
Tech First Ecommerce Brand Acquirers
(Merama)
(# Cos: 3 | $445M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$345M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$445M
3
-
3
3
Merama
(2020, $345M)
Valoreo
(2020, $80.0M)
Wonder Brands
(2020, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Merama (2020)
$225M - Series B - Sep 2021
Merama (2020)
$60.0M - Series B - Dec 2021
Merama (2020)
$60.0M - Series A - Apr 2021
Valoreo (2020)
$50.0M - Seed - Feb 2021
Valoreo (2020)
$30.0M - Series A - Jul 2021

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Merchant Acquirer Companies - Latam
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$340M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$365M
1
-
1
1
Payments (Stori)
(# Cos: 678 | $3.1B)
Enablers (Cielo)
(# Cos: 46 | $645M)
White Label Solutions (Zoop)
(# Cos: 13 | $428M)
Merchant Acquirers (CloudWalk)
(# Cos: 1 | $365M)
CloudWalk
(2013, $365M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
CloudWalk (2013)
$190M - Series B - May 2021
CloudWalk (2013)
$150M - Series C - Nov 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
B2B Building Materials Marketplaces -
Latam
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$314M (▲3193%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$324M
5
-
15
2
B2B E-Commerce (Frubana)
(# Cos: 191 | $644M)
Home Construction & Improvement (Tul)
(# Cos: 22 | $324M)
Building Supplies (CAPP)
(# Cos: 21 | $324M)
Diversified (Oico)
(# Cos: 21 | $324M)
Marketplace (TüL)
(# Cos: 15 | $324M)
TüL
(2019, $210M)
Oico
(2019, $1.6M)
CAPP
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TüL (2019)
$181M - Series B - Jan 2022
Tul (2020)
$112M - Series D - Jan 2022
TüL (2019)
$20.3M - Series A - Feb 2021

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Business Loans - Latam
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$272M (▲ >10K%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$580M
6
-
11
4
Alternative Lending (Stori)
(# Cos: 495 | $2.4B)
Online Lenders (Creditas)
(# Cos: 402 | $2.3B)
Business Loans (BizCapital)
(# Cos: 99 | $869M)
Diversified (Konfío)
(# Cos: 26 | $608M)
Direct Lender (Credijusto)
(# Cos: 11 | $580M)
Credijusto
(2014, $42.0M)
Konfío
(2014, $378M)
Xepelin
(2019, $36.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Konfío (2014)
$125M - Series E - Jun 2021
Konfío (2014)
$110M - Series E - Sep 2021
Xepelin (2019)
$30.0M - Series A - Jul 2021
KREDITO (2019)
$4.0M - Seed - May 2021
Finaktiva (2016)
$3.0M - Seed - Jul 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
2TM (2013)
$200M - Series B - Jul 2021
2TM (2013)
$50.3M - Series B - Nov 2021
Blockchain in Financial Services - Latam
16
24
Back to index
Blockchain Infrastructure (Ethereum Classic)
(# Cos: 42 | $254M)
Blockchain Network (RSK Labs)
(# Cos: 12 | $254M)
Finance (2TM)
(# Cos: 4 | $250M)
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
-
$250M
2
-
4
1
2TM
(2013, $250M)
Ethereum Classic Minerri
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
POS Payment Terminals - Latam
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$250M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$396M
10
1
68
1
Payments (Stori)
(# Cos: 678 | $3.1B)
Business Payments (EBANX)
(# Cos: 321 | $1.3B)
POS Payments (Getnet)
(# Cos: 87 | $396M)
POS Payment Terminal (Clip)
(# Cos: 68 | $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

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Plant Based Seafood Substitutes - 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
$246M (▲109%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$396M
2
-
2
1
Food Tech (iFood)
(# Cos: 469 | $1.3B)
Novel Foods (Kernel)
(# Cos: 17 | $501M)
Food Products (Fazenda Futuro)
(# Cos: 13 | $501M)
Dairy Substitute (Bifidice)
(# Cos: 3 | $396M)
Plant Based (NotCo)
(# Cos: 2 | $396M)
NotCo
(2015, $396M)
NoMoo Plant-Based
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NotCo (2015)
$236M - Series D - Jul 2021
NotCo (2015)
$10.0M - Series C - Jun 2021

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Employee Insurance Benefits
Administration - Latam
19
27
Back to index
Employer Insurance (Bamba)
(# Cos: 3 | $378M)
Benefits Administration (Konfío)
(# Cos: 2 | $378M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$235M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$378M
1
-
2
1
Konfío
(2014, $378M)
Koala Benefits
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Konfío (2014)
$125M - Series E - Jun 2021
Konfío (2014)
$110M - Series E - Sep 2021

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Konfío (2014)
$125M - Series E - Jun 2021
Konfío (2014)
$110M - Series E - Sep 2021
minu (2019)
$11.5M - Series A - Mar 2021
Solvento (2017)
$4.5M - Series A - Dec 2021
Financial Benefits - Latam
20
28
Back to index
HRTech (LG place of people)
(# Cos: 676 | $703M)
Employee Benefits (minu)
(# Cos: 70 | $553M)
Financial Benefits (Konfío)
(# Cos: 29 | $444M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$235M (▲ >10K%)
4(▲300%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$444M
10
-
29
4
Konfío
(2014, $378M)
minu
(2019, $20.0M)
Xerpa
(2015, $33.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Accounts Receivables Payment Solutions
- 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
$235M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$379M
6
-
17
1
Payments (Stori)
(# Cos: 678 | $3.1B)
Business Payments (EBANX)
(# Cos: 321 | $1.3B)
Mass Payouts (PagueVeloz)
(# Cos: 23 | $379M)
Invoice Payments (Duemint)
(# Cos: 23 | $379M)
Accounts Receivables (Konfío)
(# Cos: 17 | $379M)
Konfío
(2014, $378M)
Duemint PagueVeloz
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Konfío (2014)
$125M - Series E - Jun 2021
Konfío (2014)
$110M - Series E - Sep 2021

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Point of Sale Financing -
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
$210M (▲501%)
6(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$265M
6
-
19
3
Alternative Lending (Guiabolso)
(# Cos: 495 | $2.4B)
Online Lenders (Stori)
(# Cos: 402 | $2.3B)
Consumer Loans (Creditas)
(# Cos: 259 | $1.3B)
Point of Sale Financing (Koin)
(# Cos: 31 | $271M)
Direct Lender (Addi)
(# Cos: 19 | $265M)
Addi
(2018, $203M)
Nelo
(2019, $25.6M)
Aplazo
(2020, $35.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Addi (2018)
$80.0M - Series C - Dec 2021
Addi (2018)
$75.0M - Series B - Sep 2021
Aplazo (2020)
$27.0M - Series A - Nov 2021
Nelo (2019)
$20.0M - Series A - Oct 2021
Aplazo (2020)
$5.3M - Seed - Jun 2021
Nelo (2019)
$3.0M - Seed - Apr 2021

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Online Pet Products Retailers - 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
$210M (▲296%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$292M
6
-
36
0
Pet Tech (DogHero)
(# Cos: 167 | $309M)
Pet Supplies Ecommerce (Club Guaf)
(# Cos: 49 | $292M)
Horizontal (Petsy)
(# Cos: 43 | $292M)
Retailer (Petz)
(# Cos: 39 | $292M)
Cats and Dogs (Laika)
(# Cos: 36 | $292M)
B2C (Pet Love)
(# Cos: 36 | $292M)
Pet Love
(1999, $226M)
Laika
(2017, $65.2M)
Petz
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pet Love (1999)
$150M - Series C - Aug 2021
Laika (2017)
$48.0M - Series B - Jan 2022
Laika (2017)
$12.0M - Series A - Jun 2021

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Olist (2015)
$186M - Series E - Dec 2021
Olist (2015)
$23.0M - Series D - Apr 2021
Marketplaces Software Suite - Latam
24
32
Back to index
E-Commerce Enablers (Hotmart)
(# Cos: 318 | $2.2B)
Ecommerce Software Suite (Nuvemshop)
(# Cos: 79 | $1.1B)
Marketplaces (Olist)
(# Cos: 14 | $320M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$209M (▲259%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$320M
7
-
14
1
Olist
(2015, $314M)
Brasil/CT Zoco
(2015, $300K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Rappi (2015)
$500M - Series F - Jul 2021
Loggi (2013)
$205M - Series D - Mar 2021
Cargamos.com (2018)
$7.0M - Seed - Sep 2021
Cargamos.com (2018)
$4.0M - Series A - Jan 2021
Hyperlocal Delivery - Latam
25
33
Back to index
Logistics Tech (Rappi)
(# Cos: 1232 | $4.0B)
Parcel (Loggi)
(# Cos: 421 | $3.4B)
Hyperlocal Delivery (iFood)
(# Cos: 227 | $3.4B)
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
3
$3.4B
28
-
227
5
iFood
(2011, $587M)
Loggi
(2013, $486M)
Rappi
(2015, $2.3B)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplaces - 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
$163M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$198M
5
-
14
2
B2B E-Commerce (Gro Direto)
(# Cos: 191 | $644M)
Food & Beverages (Clubbi)
(# Cos: 28 | $213M)
Groceries (Mayoreo Total)
(# Cos: 28 | $213M)
Farm Products (Cayena)
(# Cos: 22 | $208M)
Marketplace (Frubana)
(# Cos: 14 | $198M)
Frubana
(2018, $194M)
Cayena
(2004, $4.0M)
Cultivando Futuro
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Frubana (2018)
$94.1M - Series C - Nov 2021
Frubana (2018)
$65.0M - Series B - Jun 2021
Cayena (2004)
$3.5M - Series A - Sep 2021

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
KYC for Financial Institutions - Latam
27
35
Back to index
RegTech (41st Parameter)
(# Cos: 42 | $344M)
KYC (idwall)
(# Cos: 17 | $291M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$161M (▲37.6%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$291M
5
-
17
2
idwall
(2016, $53.9M)
Unico
(2007, $237M)
CPqD
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007)
$121M - Series C - Aug 2021
idwall (2016)
$40.1M - Series C - Jun 2021

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
B2B Fruits and Vegetables Marketplace -
Latam
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$159M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$194M
3
-
10
1
Online Grocery (Merqueo)
(# Cos: 327 | $607M)
B2B Ecommerce (Mayoreo Total)
(# Cos: 38 | $213M)
Farm Produce (Gro Direto)
(# Cos: 26 | $195M)
Fruits and Vegetables (Cultivando Futuro)
(# Cos: 11 | $194M)
Marketplace (Frubana)
(# Cos: 10 | $194M)
Frubana
(2018, $194M)
Cultivando Futuro Agree Market
(2017, $100K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Frubana (2018)
$94.1M - Series C - Nov 2021
Frubana (2018)
$65.0M - Series B - Jun 2021

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Credit Cards - 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
$158M (▲1475%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$168M
4
-
24
1
Payments (EBANX)
(# Cos: 678 | $3.1B)
Consumer Payments (RecargaPay)
(# Cos: 311 | $1.1B)
Payment Cards (Uala)
(# Cos: 111 | $911M)
Credit Cards (Clara)
(# Cos: 27 | $271M)
General Purpose (Stori)
(# Cos: 24 | $168M)
Stori
(2019, $168M)
Digio Nu Mexico
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Stori (2019)
$125M - Series C - Nov 2021
Stori (2019)
$32.5M - Series B - Feb 2021

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - 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
$143M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$153M
2
-
17
1
Banking Tech (Fondeadora)
(# Cos: 315 | $3.6B)
Internet First Banks (Nubank)
(# Cos: 141 | $3.2B)
Through Bank Partnerships (Neon)
(# Cos: 105 | $863M)
Business Banking (Cora)
(# Cos: 17 | $153M)
Cora
(2019, $153M)
Eagle Bank Digital PJBank
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cora (2019)
$116M - Series B - Aug 2021
Cora (2019)
$26.7M - Series A - Apr 2021

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Bus Aggregators - Latam
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$138M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$138M
1
-
2
1
Online Travel (Hurb)
(# Cos: 574 | $492M)
Transportation (Kovi)
(# Cos: 107 | $303M)
Bus (ClickBus)
(# Cos: 26 | $149M)
Aggregator (Buser)
(# Cos: 2 | $138M)
Buser
(2017, $138M)
Encar
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

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Online Shuttle Aggregators - 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
$138M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$148M
3
-
10
2
Road Transport Tech (Easy Taxi)
(# Cos: 966 | $1.3B)
Mass Transit (ClickBus)
(# Cos: 116 | $169M)
Shuttle (Buser)
(# Cos: 19 | $148M)
Aggregator (Urbvan)
(# Cos: 10 | $148M)
Urbvan
(2016, $9.9M)
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

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
isaac (2020)
$125M - Series B - Nov 2021
Chipax (2016)
$125K - Seed - Sep 2021
Financial Planning & Analysis Software -
Latam
33
41
Back to index
Finance & Accounting Tech (Sidetrade)
(# Cos: 554 | $359M)
Financial Planning & Analysis (Accountfy)
(# Cos: 54 | $136M)
Suite (Chipax)
(# Cos: 19 | $125M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$125M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
6
-
19
1
Chipax
(2016, $125K)
isaac
(2020, $125M)
InterFuerza
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Physiological Biometrics - Latam
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$121M (▲3.2%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$237M
3
-
9
1
Cybersecurity (PSafe)
(# Cos: 305 | $758M)
IAM (Auth0)
(# Cos: 55 | $645M)
Biometrics (BigData)
(# Cos: 13 | $237M)
Physiological (Unico)
(# Cos: 9 | $237M)
Unico
(2007, $237M)
BigData Qondado
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007)
$121M - Series C - Aug 2021

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Facial Biometric Systems - 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
$121M (▼48.4%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
5
-
14
2
Security & Surveillance Technology (CityCop)
(# Cos: 318 | $369M)
PIAM (Inngresa)
(# Cos: 58 | $355M)
Biometrics System (Unico)
(# Cos: 26 | $355M)
Facial Biometrics (Acesso)
(# Cos: 14 | $354M)
Acesso
(2007, $117M)
Unico
(2007, $237M)
BigData
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007)
$121M - Series C - Aug 2021

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Facial Recognition - Latam
36
44
Back to index
Image Recognition (Unico)
(# Cos: 19 | $359M)
Facial Recognition (Acesso)
(# Cos: 10 | $354M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$121M (▲3.2%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$354M
4
-
10
2
Acesso
(2007, $117M)
Unico
(2007, $237M)
BiometryCloud
(2012, $40.0K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Unico (2007)
$121M - Series C - Aug 2021

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Ectare (2017)
$120M - Series D - Sep 2021
Online Agriculture Payments - Latam
37
45
Back to index
Crop Tech (Agrosmart)
(# Cos: 573 | $564M)
Finance (Agryo)
(# Cos: 17 | $125M)
Payments (Ectare)
(# Cos: 3 | $120M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$120M
2
-
3
1
Ectare
(2017, $120M)
Pago Rural Agrocoin
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Open Co (2021)
$115M - Series D - Dec 2021
Verde (2021)
$125K - Seed - Sep 2021
Loan Life Cycle Management - Latam
38
46
Back to index
Banking Tech (Nubank)
(# Cos: 315 | $3.6B)
Loan Life Cycle Management (Destácame)
(# Cos: 47 | $119M)
Suite (Open Co)
(# Cos: 14 | $115M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$115M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
3
-
14
0
Open Co
(2021, $115M)
Zinobe PrestamosCloud
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Omie (2013)
$112M - Series C - Aug 2021
ERP for SMBs - Latam
39
47
Back to index
ERP (Superlogica)
(# Cos: 666 | $224M)
Multi-Industry (TOTVS)
(# Cos: 347 | $138M)
SMB-Focused (Omie)
(# Cos: 175 | $138M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$112M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$138M
14
-
175
1
Omie
(2013, $138M)
Bind MarketUP
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Omie (2013)
$112M - Series C - Aug 2021
CRM for SMB - Latam
40
48
Back to index
Sales Force Automation (Sirena)
(# Cos: 309 | $263M)
CRM (RD Station)
(# Cos: 151 | $245M)
SMB Suite (Omie)
(# Cos: 47 | $141M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$112M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$141M
4
-
47
1
Omie
(2013, $138M)
Sirena
(2016, $3.0M)
Apptonomy
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - Latam
41
49
Back to index
Banking Tech (Nubank)
(# Cos: 315 | $3.6B)
Banking Software Suite (Pismo)
(# Cos: 22 | $109M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$108M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$109M
5
-
22
1
Pismo
(2016, $109M)
Modyo Sinqia
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pismo (2016)
$108M - Series B - Oct 2021

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Personal Loans - 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
$105M (▲7954%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$118M
7
-
31
1
Alternative Lending (Addi)
(# Cos: 495 | $2.4B)
Online Lenders (Stori)
(# Cos: 402 | $2.3B)
Consumer Loans (Creditas)
(# Cos: 259 | $1.3B)
Personal Loans (Kubo.financiero)
(# Cos: 79 | $162M)
Direct Lender (Kueski)
(# Cos: 31 | $118M)
Kueski
(2012, $114M)
Baubap
(2018, $3.1M)
Simplic
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kueski (2012)
$102M - Series C - Dec 2021
Baubap (2018)
$3.0M - Seed - Mar 2021
Baubap (2018)
$125K - Seed - Jul 2021

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Station Based Intercity Car Rentals -
Latam
43
51
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$104M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$148M
5
-
21
1
Online Travel (Hurb)
(# Cos: 574 | $492M)
Transportation (Flapper)
(# Cos: 107 | $303M)
Car (Zazcar)
(# Cos: 47 | $148M)
Rental (Carengo)
(# Cos: 44 | $148M)
Own Fleet (Awto)
(# Cos: 23 | $148M)
Station Based (Kovi)
(# Cos: 21 | $148M)
Kovi
(2018, $145M)
Awto Zazcar
(2009, $2.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kovi (2018)
$104M - Series B - Aug 2021

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Internet First Corporate Credit Card
Issuers - Latam
44
52
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$104M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$104M
1
-
3
1
Payments (EBANX)
(# Cos: 678 | $3.1B)
Consumer Payments (RecargaPay)
(# Cos: 311 | $1.1B)
Payment Cards (Uala)
(# Cos: 111 | $911M)
Credit Cards (Stori)
(# Cos: 27 | $271M)
Corporate Cards (Clara)
(# Cos: 3 | $104M)
Clara
(2019, $104M)
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)
$70.0M - Series B - Dec 2021
Clara (2019)
$30.0M - Series A - May 2021
Clara (2019)
$3.5M - Seed - Mar 2021

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Online Test Preparation Tutoring - 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
$84.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$115M
1
-
1
1
Test Preparation Tech (Mision Admision)
(# Cos: 60 | $115M)
Digital Learning (AppProva)
(# Cos: 58 | $115M)
Diversified (Kultivi)
(# Cos: 9 | $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

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Online K-12 Academic Courses - 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
$84.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$115M
6
-
20
1
K-12 EdTech (Agenda Edu)
(# Cos: 472 | $147M)
B2C Learning Solutions (Kidint)
(# Cos: 148 | $116M)
School Curriculum (Qranio)
(# Cos: 77 | $116M)
Multi Subject (Stoodi)
(# Cos: 69 | $116M)
Online Courses (Descomplica)
(# Cos: 20 | $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

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
QI Tech (2018)
$50.0M - Series A - Nov 2021
Pomelo (2021)
$45.0M - Series A - Oct 2021
SWAP (2020)
$25.0M - Series A - Oct 2021
Pomelo (2021)
$9.0M - Seed - May 2021
Pomelo (2021)
$1.0M - Seed - Jun 2021
Fitbank (2016)
$666K - Seed - Mar 2021
Open Banking API Providers - Latam
47
55
Back to index
Banking Tech (Nubank)
(# Cos: 315 | $3.6B)
Open Banking (SWAP)
(# Cos: 40 | $153M)
Banking APIs (Pomelo)
(# Cos: 29 | $149M)
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$80.7M (▲332%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$149M
16
-
29
4
Pomelo
(2021, $55.0M)
SWAP
(2020, $28.3M)
Quanto
(2020, $15.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Digital Wallets - 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
$80.0M (▲ >10K%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$156M
7
-
24
2
Payments (Uala)
(# Cos: 678 | $3.1B)
Consumer Payments (Stori)
(# Cos: 311 | $1.1B)
Wallets (PayIt)
(# Cos: 124 | $162M)
Card Linked (RecargaPay)
(# Cos: 24 | $156M)
RecargaPay
(2010, $133M)
MOVii
(2002, $15.0M)
Moni
(2013, $7.5M)
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
MOVii (2002)
$15.0M - Series B - Oct 2021
RecargaPay (2010)
$10.0M - Series C - Nov 2021

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Station Based Electric Bike Rentals -
Latam
49
57
Back to index
Taxonomy
$ Invested in last 1 year in Latam Tech
Key Stats
# Funding Rounds in last 1 year in
Latam Tech
$80.0M (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
6
1
Electric Vehicles (Yellow)
(# Cos: 121 | $276M)
Vehicle as a Service (Grin Scooters)
(# Cos: 33 | $274M)
Bicycles (Muvo)
(# Cos: 10 | $129M)
Station Based (Tembici)
(# Cos: 6 | $127M)
Tembici
(2010, $127M)
Electric Bike Tours Nomad
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tembici (2010)
$80.0M - Series C - Sep 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Recent Funding Rounds
Bicycle Rentals Software - 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
$80.0M (▲70.2%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$127M
1
-
4
1
Road Transport Tech (Easy Taxi)
(# Cos: 966 | $1.3B)
Self Drive Rentals (Kovi)
(# Cos: 111 | $422M)
Tech Enablers (InfoSistemas)
(# Cos: 12 | $127M)
Micromobility (Eycon)
(# Cos: 5 | $127M)
Bicycle (Tembici)
(# Cos: 4 | $127M)
Tembici
(2010, $127M)
Eycon S2BIKE
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Tembici (2010)
$80.0M - Series C - Sep 2021

59. Latam Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies 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 iFood
Competitors of QuintoAndar
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - 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 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

61. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Latam Tech - Top Business Models Report
Thank You
61
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information
contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion
thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except
with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your
customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com