CB Insights has unveiled its fourth annual top 250 fintech companies list on Tuesday, on the stage of its’ Future of Fintech conference, in New York City. Among the 2021’s cohort are 13 companies headquartered in Latin American countries — in 2020, there were eight companies from the region on the platform’s list.
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In total, the 250 most promising tech financial companies have raised nearly $73.8 billion in funding across around 1,200 deals since 2016. The list by CB Insights includes companies at different development and investment stages, from early-stage startups to well-funded unicorns (118 from the 250 selected are valued at $1 billion or more as of their latest funding round).
Source: CB Insights / The market map above categorizes the Fintech 250 companies based on core area of focus. Categories are not mutually exclusive. Companies are private as of 9/14/21.
Also according to CB Insights, until the first half of September, these 250 companies have raised $40.3 billion in equity funding in 2021. In fact, 138 of this year’s cohort have raised mega-rounds ($100 million or more).
Ribbit Capital is the most active investor in this year’s cohort, having invested in 62 deals since 2016 — including funding rounds in Latin American companies such as Nubank and Ualá.
Tiger Global Management and Accel were close behind with 57 and 55 deals, respectively.
In Latin America, Brazil and Mexico have most of the listed companies.
Of the total, 36% of the listed companies are based outside the U.S. See below, the 13 Latin American companies on CB Insights’ 250 top fintech companies of 2021:
Argentina
- Ualá. The neobank has raised $608 million so far, having Tencent, SoftBank, and Ribbit Capital among its main investors.
Brazil
- Creditas. The lending/marketplace fintech has raised $ 607.44 million so far, having SoftBank, Kaszek Ventures, Wellington Management, International Finance Corporation (IFC), and QED as its main investors.
- EBANX. The paymanet processing fintech raised $460 million since its foundation (US$ 415 million in the last one), and has Endeavor, Advent International, and FTV Capital as investors.
- Hash. The fintech that offers banking infraestructure to other companies raised $26.3 million so far, having Kaszek Ventures, QED, Canary as its key investors.
- Loft. The real state and mortgage Brazilian fintech raised $788 million in funding rounds, from investors such as Andreessen Horowitz, Tiger Global Management, GIC, Silver Lake, and CPP Investments. It was valued at over US$ 2.9 billion in the last round.
- Nubank. The largest neobank in Latin America has raised impressive $2.5 billion in investments so far, from top investors such as Sequoia Capital, Tencent Holdings, Tiger Global Management, Ribbit Capital, Dragoneer Investment Group, among many others.
- QuintoAndar. The real state and mortgage startup has received $755.7 million in investments since its launch and it’s valued at more than US$ 5.1 billion, having among its main investors names such as SoftBank, Tencent Holdings, Dragoneer Investment Group, General Atlantic, and Kaszek Ventures.
Colombia
- Addi. The Colombian fintech focused on POS and consumer lending (specially the so-called Buy Now, Pay Later) has raised $169.8 million so far, and has among its investors Andreessen Horowitz, monashees, GGV Capital, Endeavor, and Foundation Capital.
México
- Belvo. The fintech focused banking infrastructure with its open finance platform has raised $53.1 million until now. The last one, a $43 million Series A funding round, helped the fintech accelerate its expansion across Latin America. Among its investors are Founders Fund, Y Combinator, Kaszek Ventures, FJ Labs, and David Vélez (Nubank’s co-founder).
- Bitso. Mexico’s second unicorn is a fintech focused on cryptocurrency. It raised $314.6 million so far, having Tiger Global, Coatue Management, Kaszek Ventures, Digital Currency Group, and QED among its investors.
- Clip. The payment processor raised $397.36 million until now, from investors like SottBank, General Atlantic, Viking Global Investors, Endeavor, and American Express Ventures.
- Fondeadora. The fintech is a mobile wallet and also offers remittance services. It was among the 100 emerging tech companies listed by the World Bank this year. It raised $31.15 million so far, having investors such as Y Combinator, Sound Ventures, Gradient Ventures, Gokul Rajaram, FinTech Collective.
- Konfío. Focused on lending and financial services, Konfío it’s the newest Mexican unicorn. It received $634.5 million so far from investors like SotfBank, Goldman Sachs, IFC, Kaszek Ventures, and QED.
