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The Unicorns of Latin America — June 2026

Last updated on 25 June 2026·Latin America

These are the tech unicorns of Latin America

There are now over 50 tech companies in 🌎 Latin America valuaed above $1B. The majority of them operate in fintech and payments.

The majority of LatAm's unicorns come from 🇧🇷 Brazil, but the most valuable private company in the region is 🇨🇴 Colombian - Rappi, valued at over $5B and rumored to go public multiple times already.

Most unicorns in LatAm were minted during the 2020-2022 ZIRP-era, and their $1B+ 'paper' valuations are already a few years old. Liquidity remains to be seen, as very few IPOs and acquisitions have happened to date.

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1	MercadoLibre	🇦🇷	$83.5B	$34.5B	2.4x	📈 Public
2	Nubank	🇧🇷	$60.6B	$18.8B	3.2x	📈 Public
3	WEG SA	🇧🇷	$36.9B	$8.0B	4.6x	📈 Public
4	XP Investimentos	🇧🇷	$8.0B	$3.7B	2.2x	📈 Public
5	Rappi	🇨🇴	$5.3B	$1.4B	3.8x	🚀 Private
6	QuintoAndar	🇧🇷	$5.1B			🚀 Private
7	C6 Bank	🇧🇷	$5.0B	$1.7B	2.9x	🚀 Private
8	dLocal	🇺🇾	$3.6B	$1.3B	2.8x	📈 Public
9	NuvemShop	🇧🇷	$3.1B			🚀 Private
10	Plata	🇲🇽	$3.1B	$0.6B	5.2x	🚀 Private
11	TOTVS	🇧🇷	$3.1B	$1.3B	2.4x	📈 Public
12	Wildlife Studios	🇧🇷	$3.0B			🚀 Private
13	Ualá	🇦🇷	$2.8B			🚀 Private
14	StoneCo	🇧🇷	$2.6B	$2.8B	0.9x	📈 Public
15	Unico	🇧🇷	$2.6B			🚀 Private
16	PagSeguro	🇧🇷	$2.5B	$3.9B	0.6x	📈 Public
17	Gympass	🇧🇷	$2.4B			🚀 Private
18	Banco Inter	🇧🇷	$2.3B	$1.8B	1.3x	📈 Public
19	Loft	🇧🇷	$2.2B			🚀 Private
20	Bitso	🇲🇽	$2.2B			🚀 Private
21	Kavak	🇲🇽	$2.2B			🚀 Private
22	Cloudwalk	🇧🇷	$2.1B			🚀 Private
23	Mercado Bitcoin	🇧🇷	$2.1B			🚀 Private
24	Loggi	🇧🇷	$2.0B			🚀 Private
25	Clip	🇲🇽	$2.0B			🚀 Private
26	Creditas	🇧🇷	$1.8B			🚀 Private
27	Pluxee	🇧🇷	$1.7B	$1.5B	1.2x	📈 Public
28	Neon	🇧🇷	$1.6B			🚀 Private
29	Dock	🇧🇷	$1.5B			🚀 Private
30	Olist	🇧🇷	$1.5B			🚀 Private
31	NotCo	🇨🇱	$1.5B			🚀 Private
32	Kushki	🇪🇨	$1.5B			🚀 Private
33	Prisma	🇦🇷	$1.4B			🚀 Private
34	Afya	🇧🇷	$1.3B	$0.7B	1.8x	📈 Public
35	Konfio	🇲🇽	$1.3B			🚀 Private
36	PicPay	🇧🇷	$1.3B	$2.3B	0.6x	📈 Public
37	Globant	🇦🇷	$1.3B	$2.5B	0.5x	📈 Public
38	Incode	🇲🇽	$1.3B			🚀 Private
39	Merama	🇲🇽	$1.2B			🚀 Private
40	Stori	🇲🇽	$1.2B			🚀 Private
41	Entel	🇨🇱	$1.2B	$3.4B	0.3x	📈 Public
42	Agibank	🇧🇷	$1.1B			📈 Public
43	Nowports	🇲🇽	$1.1B			🚀 Private
44	Ebanx	🇧🇷	$1.0B			🚀 Private
45	MadeiraMadeira	🇧🇷	$1.0B			🚀 Private
46	Movile	🇧🇷	$1.0B			🚀 Private
47	QI Tech	🇧🇷	$1.0B			🚀 Private
48	Frete.com	🇧🇷	$1.0B			🚀 Private
49	Hotmart	🇧🇷	$1.0B			🚀 Private
50	Betterfly	🇨🇱	$1.0B			🚀 Private

Showing 1 to 50 of 52 rows

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Data and methodology

Underlying data

Public markets data is powered by FactSet (consensus analyst estimates), and Morningstar (historical data). Data points are calendarized to December where relevant: retrieved data on financial year ends (e.g. FY, FY+1 etc.) are mapped to calendar years (2025A, 2026E etc.) before the appropriate month weights are then applied to prior/future fundamentals.

Private transaction data is multi-sourced, aggregated from harvesting public information, 3rd party APIs, and data engineering. All data is verified and provided with an extensive manual process. If data permits, we apply our own logic to get to the EV. For example, for a large M&A deal with available information on the target's net debt, we might adjust a valuation to fully reflect an accurate EV. In all other cases, we take the reported valuation as the numerator. Financials: we source LTM revenue and LTM EBITDA data from company filings, press releases, or other verified sources. If LTM data is unavailable, we take the 'next best-fit' period (run-rate or calendar year), provided it makes sense in a given case. For example, if a deal closed in November 2025, we might take full-year 2025 revenue as a revenue benchmark.

Any raw figures are harmonised to USD for comparison purposes.

This page is built on data available at Multiples. Sign up for a free trial to see the full dataset.

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