Three LatAm Startups Likely to Gain Unicorn Status in 2025

Despite economic upheavals and a decline in venture capital inflows, at least three Latin American startups could achieve unicorn status in 2025, according to a Bloomberg report citing Wayra, the corporate venture capital arm of Telefónica.

The fintech sector is particularly promising for unicorn growth, driven by increasing demand for money management solutions. Between 2017 and 2023, the number of fintech startups in Latin America surged by over 340%, rising from 703 to 3,069 across 26 countries.

Fabricio Zabala, head of portfolio and scouting at Wayra, told Bloomberg that Brazil is likely to see at least one new unicorn. According to him, potential candidates include Hash, a fintech payment infrastructure company; Ambar, a construction technology firm; and Pipefy, an AI-based process management platform.

In Mexico, Bright, a solar energy financing company, and 99 Minutos, a logistics services provider, have strong prospects of reaching unicorn status.

From Argentina, the agricultural marketplace Agrofy stands out, while Colombia’s contenders include The Haus, a prop-tech firm, and Bold, a fintech company.

Several Latin American startups are also waiting for favorable conditions to launch Initial Public Offerings (IPOs), with Creditas, Rappi, and EBANX among the notable names.

Data indicates that 85% of exit transactions occur below $250 million, while only 4% exceed $1 billion. Many startups face valuation discrepancies during acquisition processes, complicating successful exits.