Successful Latin American technology startups have caught the attention of investors. Standing out by offering benefits ranging from used car rental and resale services to financial services solutions such as fintech companies, at least 10 of them are prepared for the initial public offerings (IPOs) in 2022.

Private equity and venture capital, such as SoftBank Group Corp (9984.T), General Atlantic, and Sequoia Capital point to the main stakeholders in prominent Latin American startups, followed by Wall Street banks that "are looking to tap into the gold rush by taking more Latino ‘unicorns’ public in the United States”.

The main names of Latin American startups that have stood out in this context are: dLocal (Uruguay), Nubank (Brazil), Rappi (Colombia), Quinto Andar (Brazil), México Kavak (Mexico), Clip (Mexico), and Creditas (Brazil).

It should be highlighted that the rise of Latin American unicorns — private firms worth at least $1 billion — is being driven by a once-in-a-generation internet boom that has accelerated under pandemic lockdowns as more shoppers move to e-commerce, say bankers and deals lawyers.

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