The World’s Top 5 Most Successful Hispanic-Founded Technology Companies

The impact of Hispanic Heritage Month on business is exciting. Since 2010, Hispanic founders have built some truly outstanding and game-changing firms. Many people want to make a name for themselves on a world scale.

As of 2021, Brazil, Mexico, Colombia, and Argentina are among the most important Latin American startups. In that vein, here’s a list of some of the most successful Latino businesses:

1. It is where NU comes in (Brazil)

In the banking industry, NU (sometimes known as Nu Bank) is a brand. David Velez, Cristina Junqueira, and Edward Wible established Nu, in May 2013. (USA). The inspiration for its construction came from a terrible encounter at a bank in Brazil.

Velez and his team used an essential technique to fix Nu Bank. One can provide low-cost financial services with good customer service without a physical location.

Hands holding a Nubank card.

Outside of Brazil, Nu’s activities are in Colombia and Mexico. The company’s engineering division is based in Buenos Aires. It is also one of the world’s 100 most influential businesses, according to TIME.

2. Second, Mexico’s Kavak

Pre-owned and used vehicle dealership Kavak. Carlos Garca, a Venezuelan who had lived in Mexico for two years, launched it in 2016. Loreanne Garca and the current CEO founded the firm together. Roger Lauhglin, business strategy coordinator for Coca-Cola FEMSA, and Carlos Garca, sales director for Linio.

Kavak founder standing on cars.

Kavak is based on a relatively simple notion. They acquire secondhand automobiles, refurbish them, and then sell them to clients for a bit of markup. “Work smart and make it happen” is the company’s motto. This way illustrates that the company’s growth has been rapid since its inception in 2016.

As of right now, there are five sites in Puebla, Monterrey, Guadalajara, and two in Mexico City. Besides that, one in Buenos Aires, Argentina, and one in Sao Paulo, Brazil. The company has five showrooms in Mexico City and four inspection facilities.

3. Rappi, number three (Colombia)

Famous delivery service Rappi in Latin America. Simón Borrero, Sebastián Meja, and Felipe Villamarn created it in 2015. It is based in Bogotá. Since its launch, it has been a prominent participant in the delivery sector.

Rappi delivery workers on bikes.

The Rappi app works like other delivery services. Customers may order from supermarkets, restaurants, and pharmacies. They have them delivered right to their door. The business serves nine nations in Latin America. They’re hoping to grow as fast as possible to new areas.

Rappi is the first Colombian unicorn firm to attain a commercial worth of $2 billion. In today’s money, it’s worth $5.2 billion.

4. In fourth place is Wildlife Studios (Brazil)

Wildlife Studios is one of the world’s leading mobile game producers. 2011 saw the birth of the company in Brazil. Arthur Lazarte launched it alongside Michael Mac-Vicar and Victor Lazarte.

Wildlife studios employees looking at laptop.

As a result, it’s one of the industry’s most successful businesses as well. Since the company’s start, it has released more than 70 mobile titles. Several games have tens of millions of monthly users. As a result, the firm overgrew and attracted investors. After a $60 million investment, it became a unicorn in December.

5. The fifth floor is a loft (Brazil)

The loft was launched in 2018 by Florian Hagenbuch and Mate Pencz. (a Hungarian). Similar to Zillow or Redfin, it’s a web-based service. Real estate transactions are made more accessible and more efficient by this technology.

Loft logo.

The company began as a real estate investment firm that specialized in flipping houses. Their strategy was to buy and resell homes for a profit. Since then, it has grown and altered its business strategy. As a result, they’ve become a “multiple listing service” for Brazilian real estate. It was creating a one-stop-shop for both buyers and sellers.

It’s now valued at more than $2.2 billion as of the year 2021.

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