Do You know the Mexican Unicorns? |

In recent years, Mexico’s startup ecosystem has grown significantly and several unicorn companies have emerged.

Unicorn companies are startups that have a valuation of at least USD $1,000 Million (one billion USD) without being listed in the stock market. These companies tend to be innovative and belong to sectors such as technology, fintech and e-commerce.

1. Stori

Stori is a Mexican fintech company founded in 2018 that specializes in alternative lending and payments. The company officially joined the Unicorn Club in 2022 and was valued at USD $1.2 billion.

Stori provides consumers with an NFC credit card that supports bill payments, cash withdrawals, and online or offline purchases, and a mobile app available on iOS and Android devices to manage credit card transactions.

More information: https://www.storicard.com/

2. Nowports

Nowports is a technology-based freight transportation service provider headquartered in Mexico. The company was founded in 2018 and became a unicorn in 2022 at USD billion valuation.

Nowports offers a comprehensive logistics platform that enables users to book multimodal freight services. Key features include real-time shipment tracking, transparent pricing, and communication tools that facilitate interaction between customers and suppliers. The platform also provides route optimization and visibility into cargo handling, catering primarily to industries such as automotive, cleaning, furniture, refrigerated goods, and dairy products.

More information: https://nowports.com/

3. Tuhabi

Tuhabi is a FinTech company founded in 2019 and headquartered in Mexico City with a focus on Real Estate. The company joined the Unicorn Club on 2022 and was valued at USD $1 billion.

Tuhabi provides innovative solutions through its digital platform to help users buy and sell properties more easily, using data analytics and technology to optimize the real estate transaction process and increase efficiency and transparency.

More information: https://tuhabi.mx/

4. Merama

Merama is an e-commerce platform founded in 2020 and headquartered in Mexico City that specializes in acquiring and investing in e-commerce businesses. The company joined the Unicorn Club on 2021 at USD $1.2 billion valuation.

Merama helps businesses increase their value by exporting their brands to Latin America and the U.S., optimizing their marketing, lowering their costs, automating their processes, and standardizing their vendors, as well as allowing business owners to exit their businesses by cashing out through the sale of a portion of their shares.

More information: https://www.merama.io/

5. Clara

Founded in 2014 and headquartered in Mexico City, Clara joined the Unicorn Club on 2021 at USD $1 billion valuation.

It specializes in providing end-to-end corporate payment solutions. The solution includes locally issued corporate cards, bill payments, cross-border payments, and a software platform used by multiple companies.

More information: https://www.clara.com/

6. Konfio

Konfio is a financial solutions platform founded in 2014. Konfio became a unicorn in 2021 at USD $1.3 billion valuation.

The company specializes in providing alternative lending services, including invoice financing, microloans, business lines of credit, and SME credit, as well as virtual credit cards and business credit scoring and credit history access tools.

More information: https://konfio.mx/

7. Clip

Clip is a company founded in 2012 and headquartered in Mexico City that specializes in POS solutions for offline retailers. The company officially joined the Unicorn Club on 2021 at USD $2 billion valuation.

Clip’s solutions enable retailers to accept payments on customers’ smartphones or tablets via Clip card readers and provide secure transactions. Additionally, Clip allows merchants to offer installment options, and its app is available on both Android and iOS platforms.

More information: https://www.clip.mx/

8. Bitso

Bitso is an online cryptocurrency trading and exchange platform founded in 2014 and headquartered in Mexico City.Bitso officially joined the Unicorn Club on 2021at USD $2.2 billion valuation.

The platform allows users to buy and sell a wide range of digital currencies, including Ripple, Bitcoin, Ether, XRP, and Litecoin, through the app and webpage, and provides market analytics charts and trading insights for reference. The app is available on iOS and Android devices.

More information: https://bitso.com/

9. Kavak

Kavak is an online used car dealership founded in 2016 and headquartered in Mexico City. The company became a unicorn in 2020 at USD $8.7 billion valuation.

The platform allows users to sell their cars online and provides potential buyers with certified and inspected vehicles, and users can get instant quotes based on the information entered. Kavak offers three different service packages to help users sell their cars and have them delivered to their doorsteps, as well as a return policy.

More information: https://www.kavak.com/

10. Rappi

Rappi is an online platform founded in 2015 and headquartered in Colombia and Mexico. Rappi officially joined the Unicorn Club in 2019 at USD $5.25 billion valuation.

Rappi specializes in ordering and delivering food from nearby restaurants. The platform not only offers food and beverage services, but also allows users to purchase medicines, alcohol, groceries, and more.

More information: http://about.rappi.com/

Some of the above companies have operationes in China and have chinese investments. MEXCHAM continues building bridges between Mexico and China.