Top 8 Most Valuable Unicorns in Argentina 2022
When we talk about Argentina, the market is relatively small. Still, it has a more global mindset in its entrepreneurs than in countries like Mexico and Brazil, where they majorly concentrate on servicing their vast markets. This country has been showing significant growth in terms of Unicorn companies that are presenting commendable performance and have contributed to Argentina’s excellent extent economy. Few economies have performed purely for the old boss injury as crisis play Argentina admission even has the unique distinction of losing tenure.
In the early part of the 20th century, one of the world’s ten wealthiest nations became just another developing country. It is always observed that the rebel spirit is excellent in Argentina. This has been one reason that has given rise to a diverse creative population that has benefited from a perfect public education system.
It has some of what is the best universities and more than 30 research centres. In the past decade, there was a culture change in which Argentina’s universities have been scheduled a solely academic focus on producing many research papers as students work recently encouraged to make prototypes to investigate the feasibility of setting up technology companies. However, there was a lack of financing and financing opportunities from the private sector, which has been known to be one of the biggest challenges in the country.
But with time, that has also changed as interest from US venture capital companies grows, giving financing options to many companies. This country is ranked 27 in 32 countries in the Americas region, and it has an overall score that is below the regional and inn the world averages. For the past five years, Argentina’s economy has been shrinking, with the most significant contraction coming in 2020. It has recorded 0.3 points over the loss of economic freedom since 2017 and has fallen to the bottom of the unfree category.
The Pandemic period also if the cost of a significant loss to the country as it recorded deaths of around 116,597. The government has responded to this crisis and is 91st in the countries. Call to be world values nation, South America’s second-largest country and has a vast agricultural population.
It has a long history of political and economic instability. The impact of COVID-19 on the country has been significant, as, during 2020, the country’s GDP lost 9.9% points, which was the most considerable retraction since 2002. It benefits from the rich natural resources and a highly literate population. The economy has begun to recover in mid-2021.
However, it is still at a percentage of 3.3 below pre-pre-pandemic levels. It is partially affected by a new wave of Covid in the second 1:45 thousand 21 Argentina is a developing country. Its economy is the second-largest national economy in South America after Brazil. It has an export-oriented agricultural sector and a diversified industrial base.
Let’s see the significant unicorn companies serving in the country and fetching great feedback from the citizen of Argentina.
This company develops the software for big companies, mainly in the UK and the US. It has an exclusive focus on emerging technologies instead of traditional IT companies. It has also driven the rapid growth of the company’s agreed reputation as one of Latin America’s most innovative businesses. The company has built up to improve digital journeys for different consumers, enabling all of their clients to engage better with the users through highly targeted and fast-evolving technology such as big data.
They made the first line as the UK travel website last minute.com in 2006. It became the first company to sell or a contract with Google, helping me build a special innovative kind of client portfolio that includes Disney, LinkedIn, and FIFA Coca-Cola.
In the year 2014, the globe became the region for a software company to get a rise on the New York Stock Exchange and from that time, its share price has quadrupled. It has its offices across Argentina and in 12 of the country. The company’s history accounts for the time when four friends were in a bar, and that’s how the story began in 2003.
All four friends shared a common dream that they wanted to have the best company in delivering profound transformations for different organizations while generating global career opportunities for most IT professionals worldwide. It was founded by Martin Migoya, Guibert Englebienne, Nestor Nocetti and Martin Umaran. It will become the one platform that uses the latest technologies in the digital cognitive to transform all business organizations in every aspect.
It is a pure-play on the digital and the mental space as it leverages the latest technologies and methodologies to help organizations transform in every manner. The company wants to change the world one step at a time as a tribe by transforming organizations’ cognitive and digital future. It also dreams of transforming the industry with a world-class opportunity for talent around the globe. It was opened in 2003, and in 2004 it opened its offices in the United Kingdom.
In the coming years, they started making more progress and attained significant levels of success. In 2006 the company opened their first office outside Buenos Aires, a development centre in Tandil. This was the first milestone towards creating a decentralized company that brings the opportunities closer to the talent. Then in the next year, 2008, it acquired two more companies to broaden its specialization in Microsoft Technologies and the Infrastructure Services.
|Legal Name||Globant LLC|
|Industries||Big Data, Cloud Computing, Content, E-Commerce, Mobile & Software|
|Founder(s)||Martin Migoya, Martin Umaran, Nester Nocetti & Guibert Englebienne|
|Total Funding Amount||$109 Million|
This company was the answer to Latin America’s response to eBay, which is the region’s most visited eCommerce website. It has survived the 2000 dot-com crash, which was born with the ability to raise financial support; the company slowly caught their attention to the platform of eBay. It is called Argentina’s biggest company and has given more than $6.5 billion in market capitalization. It uses the leading technology in eCommerce and different fintech solutions in Latin America.
It works to democratize trade and financial services to transform the lives of millions of people in the region. It developed the best technological products that allow millions of users to buy, sell and advertise. It also sends and pays through the Internet quickly, efficiently, and securely. It is an innovative company where technology is the tool that allows us to develop scalable solutions. MercardoLibre is a company capable of generating the necessary impact to offer inclusion and development.
It uses the device which allows its customers to empathize with the needs of their users, the best scale solutions and offer the best experiences. It has a rich history of innovation and development in the market industry and brings its expertise and technological capabilities. IT security and fraud prevention teams use sophisticated tools to care for their products and protect the privacy and personal data of their customers. It builds the best credibility and has the best trust with all its users in its ecosystem. The company relies on artificial intelligence and machine learning systems to solve significant security problems differently.
All of the methods and scales used in the company are considered unique in the region and set a new level for the world’s leading companies. At the platform of MercardoLibre, it takes the security of its media and its users. It has the utmost respect for intellectual property rights, which has been a fundamental pillar since the company started its operations.
It works together with the different companies to protect their trademark rights. It has the feature of the Brand Protection Program through which they take care of their brands. It has the best machine learning tools and artificial intelligence, which is considered very efficient in protecting intellectual property rights.
|Industries||E-Commerce, Market, Marketing & Marketplace|
|Founder(s)||Marcos Galperin & Hernan Kazak|
|Total Funding Amount||$3.6 Billion|
|Investors||2TM & Paxos|
It is considered the most prominent online travel agent and the fifth largest globally. The website allows leisure and business travellers to research and book their airline tickets with hotel rooms and rental cars. Customers can easily buy everything on this platform for all of their holidays and vacations. It has been working throughout the region, including Spain and US.
You can quickly enter your trip information in the search engine on their website, compare the hundreds of options, and choose the one that suits you the best. It offers the documentation necessary to buy and travel and can modify or cancel your purchase.
Despegar is one of the most experienced travel companies in Latin America, which is recognized and recommended by many travellers across the world. Customers can easily take advantage of the company’s travel offers and promotions. It brings you the best prices on cheap flights, hotels, car rentals, cuisine, tour packages and many more exciting things.
|Legal Name||Despegar.com, Inc.|
|Industries||Hospitality, Leisure, Reservations & Travel|
|Founder(s)||Alejandro Tamer, Christian Vilate, Mariano Flori, Roberto Souviron, Martin Rastellio & Federico Fuchs|
|Total Funding Amount||$552.5Million|
|Investors||L.Catterton & Waha Capital|
It is considered to be one of the world’s leading online classifieds companies. It is called the online platform for consumer-to-consumer trade, now used in more than 45 countries. OLX is the company that combines the spirit and agility of a start-up with the global scale and the backing of Proses, the largest consumer internet group in the world.
It is called the leading classifieds platform in the growing markets. It makes it very easy to connect with people through this platform where they can easily buy, sell and exchange their used goods and services. Every year, millions of people use this platform to find and sell their furniture, musical instruments, and houses.
Co-founder of OLX, Alex Oxenford, has described his company’s growth strategy as the “Martin Approach” which launched first in the foreign markets and is perceived as having the fastest growth potential. It builds the leading destinations for selling, buying and exchanging the products used by 300 million people every month.
|Legal Name||OLX, Inc.|
|Industries||Buying, Selling & Exchanging Goods|
|Founder(s)||Alec Oxenford & Fabrica Grinda|
|Total Funding Amount||NA|
It is a platform that performs the cyber security and identity authentication service. It was the start-up co-founded by Eugenio Pace and Matias Woloski old city in 2014. The company is a new way to solve the identity issues and build for developers, and the global enterprises trust it. This platform solves the most complex in the large-scale I didn’t use cases for the global enterprises with the extensible and easy to integrate platform, which is always secure in the billions of logins every year.
It works with employees located in over 30 countries, and the support team of this company or available 24×7 worldwide. It has the kind of global presence that enables the customers to provide the field of support in our ability to assist customers all over the world. It has a leadership team comprised of domain experts and industry leaders who are bringing decades of cumulative insight to their company and customers.
The company has the kind of engineers dedicated to sharing with the developer community. The platform helps the developers get the most out of the forum and contributes the open-source software and sharing the expertise. The company seeks dedicated individuals who would love to work with them, either reportedly from anywhere in the world or at one of the three headquarters office locations.
It is a company that is always looking for creative, resourceful, intelligent people to join the team and help them make the Internet safer and identity management more straightforward. It offers cost savings to nonprofit and other social impact organizations interested in modernizing the technology and creating a better and more secure stakeholder experience.
The platform of Auth0 is committed to the pledge of the 1% model of allocating the 1% of Auth0’s equity to make the number of grants to nonprofits and impact investments over the next ten years. It supports their employee’s interest with the donation matching and cursing the short and long term volunteer opportunities for the Auziros to give in their valuable time and expertise. It brings forward the holistic B2B kind of solutions for different corporations that need to increase their security protocols.
|Industries||Enterprise Software, Information Technology, Identity Management & Developer APIs.|
|Founder(s)||Matias Woloski & Eugenio Pace|
|Total Funding Amount||$332.3 Million|
|Investors||Steadfast Capital Management & Salesforce Ventures|
It is a fintech company that Pierpaolo Barbieri founded. It allows the customers to easily manage all of their finances from an application and a card. Argentina entrepreneur Pierpaolo Basbieri created and launched Uala in October 2017 to improve financial inclusion in Argentina by providing an innovative, branchless, integrated and low-cost experience. Today this company is the economical solution for millions of people throughout the country.
The platform was built to manage everything as managing volume money from an application is very easy and secure and has the flexibility of sending the money to whoever you want and whenever you want. This platform was built as it wished for the more urgent teams to have access to the credits and savings, and it wanted to be the generation of the company to grow up to a great level in 2021, which can never happen again.
The team members of this company are motivated by the social goal of financial inclusion, with their excellent kind of work-obsessed with customers’ needs. It is committed to using the best technology to create the best products and attract and retain the best talent. It works with transparency and integrity within and beyond the client’s investors in society. It offers professional development at a discount to universities and cold schools, agreement with the English Institute and unlimited learning on the internal platform.
It has the flexibility and the relaxation as you can have an extra week of vacation and the end of the year is a free week plus birthday days are off with the flexible kind of schedules. It also works towards the welfare as in the gym discount, internet service payment, Netflix and Spotify payment and the land to the fund.
It has created a model in the open workspace without barriers between the desk where interaction, teamwork, and transparency are the main characteristics. In 2022 it has attained the great place to work certification for being one of the best places to work in Argentina, and in 2020 it was recognized as one of the best companies to work with women and Millennials.
|Legal Name||Uala, Inc.|
|Industries||Apps, Banking, Financial Services, FinTech & Personal Banking|
|Total Funding Amount||$544 Million|
|Investors||Jacqueline Reses & Greyhound Capital|
It is an e-commerce platform founded in 2010 by the current CEOs Santiago Sosa, Martin Palombo and Alejandro Vazquez. After 11 years of start-up, it became a Unicorn company with a US $3.1 billion valuation. It has the kind of products that could be physical and digital with the infinite type of inventory the company provides. It accepts all the payment methods like credit cards or debit cards and cash payments at convenience stores.
This platform offers multiple shipping options, and it also activates discount coupons and offers. You can get exclusive and personalized attention from a Tiendanube expert and help you improve your processes and make your business more efficient and profitable. It is the digital product that 90,000+ brands in Latin America chose to boost their business. It is also called the management point that goes beyond an online store and helps in integrating the products, payments and shipments.
It looks after the different sales channels like Facebook, marketplaces, Instagram and physical stores. Tiendanube Adapts to each type of business, allowing each store’s design to be unique and giving the possibility of installing different applications and integrating the customer developments. It grew as a team and had more than 150 members who are constantly expanding the company’s products and making the marketing strategies.
The company migrated to a software architecture consisting of multiple modules or different services running in other contexts. It also created its mobile application, where a mobile team was made to develop a mobile application that could easily allow its clients to sell from wherever they are.
|Legal Name||Tiendanube, Inc.|
|Industries||E-Commerce, E-Commerce Platforms, SaaS & Retail Technology|
|Founder(s)||Alejandro Alfonso, Alejandro Vacquez, Santiago Sosa, Martin Plamobo & Jose Abuchaem.|
|Total Funding Amount||$628.4 Million|
|Investors||Kaszek & Insight Partners|
8. Prisma Medios de Pago
It is the company that has been facilitating online payments, transactions, transfers and points of sales. It was launched back in 2014 in Buenos Aires, Argentina. It generates secure and safe plus dynamic solutions that quickly improve its clients’ businesses and the day-to-day lives of all the people.
It offers a comprehensive and versatile kind of portfolio that easily adapts to the needs of our clients. It has different services like Card and Network processing, development and innovation, the different modes of payments, the acquisition and the value-added solutions.
It works with 100% of its leaders who are skillfully trained in managing different talent levels. It has the best kind of performance and recognition management platform. It easily connects other businesses, financial institutions and companies to offer payment solutions to people.
|Legal Name||Prisma Medios de Pago, Inc.|
|Industries||FinTech, Information Services & Information Technology|
|Total Funding Amount||NA|
Argentina’s economy, which is considered more powerful in the region, is dependent on services and different manufacturing businesses. However, agribusiness and ranching dominated the economy for much of the 19th and 20th centuries. Argentina still produces more grain than any other country in Latin America.
It is second in cattle, and its receipts from the tourism sector are second in the region only to Mexico’s. It’s called Gross National Product (GNP), it is per capita, and the value-added from manufacturing is also the highest in the region. However, the country has withstood several economic downturns, including periods of high inflation and unemployment during the late 20th century and a significant financial crisis in the early 21st century.
Argentina is called the world’s major exporter of soybeans, wheat, and meat. It is considered to be one of the largest producers of wool and wine, but most of its wine is used domestically. Although agriculture is an essential source of export earnings, it now accounts for a small percentage of GDP. It employs only a tiny portion of the nation’s workforce.
The Argentine industry is very well served by the country’s abundance of energy resources. In the late 20th century, the country was self-sufficient in fossil fuels and hydroelectric generation, and it had become a petroleum exporter.
Oil deposits are collected mainly in the Northwest and Patagonia. Argentina’s refining industry has grown along the coast in Buenos Aires and nearby cities, supplied by the crude oil taken there by tankers and pipelines from Comodoro Rivadavia and Venezuela. The refining industry has also found a base in the petroleum fields north and south of Mendoza, where petrochemical plants have been built.