Complete List of Startup Unicorns in Brazil in 2023

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What is a startup "unicorn"? The term unicorn refers to a privately held startup company with a value of over $1 billion. Below is a list of the top startup unicorns in Brazil, updated for 2023.

Wildlife Studios

Wildlife Studios is a mobile game developer and publisher.

Details

  • Valuation:
    $
    3
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Other
  • Website:
    Click here
Unico

unico develops solutions such as facial recognition to authenticate identities, electronic signature, and digital admission to create and protect Brazilian’s digital identities. Brazil’s first IDTech, which works to simplify and speed up the identification process between people and companies, is present in big retailers, banks, fintechs, e-commerces, and industries all over the country. To unico, each person is unique and that’s enough to open possibilities. Unico was founded in 2007 and is based in Sao Paulo, Brazil.

Details

  • Valuation:
    $
    2.6
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Artificial intelligence
  • Website:
    Click here
QuintoAndar

QuintoAndar is an online brokerage firm for rental properties. The platform enables property seekers to specify a location and obtain a list of registered properties. The company offers assistance in renting the property, from taking photographs to closing the deal for property owners. It provides information on the tenants and on-time payments every month to the landlords. QuintoAndar was founded in 2012 and is based in Sao Paolo, Brazil.

Details

  • Valuation:
    $
    5.1
    Billion
  • City:
    Campinas
  • Country:
    Brazil
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Olist

Olist serves small brick-and-mortar retailers, making products available in virtual stores within larger online marketplaces.

Details

  • Valuation:
    $
    1.5
    Billion
  • City:
    Curitiba
  • Country:
    Brazil
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Nuvemshop

Nuvemshop is a SaaS company that aims to provide a complete e-commerce platform for small retailers and entrepreneurs in Latin American markets.

Details

  • Valuation:
    $
    3.1
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Neon

Neon Pagamentos is a Brazilian fintech with the goal of uniting technology and design to simplify users’ financial experience. It launched with a simple digital account and has since expanded its product suite to include investment products, credit cards, and personal loans, serving both consumer and business clients.

Details

  • Valuation:
    $
    1.38
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here
Movile

Movile is a developer of mobile content and commerce platforms in Latin America, offering products for mobile phones, smartphones, and tablets.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Mobile & telecommunications
  • Website:
    Click here
MadeiraMadeira

Madeira Madeira offers an online home goods platform.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Parana
  • Country:
    Brazil
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
Loggi

Loggi is an online express delivery service that connects clients directly with messengers through a computer or cell phone. The technology delivers pricing, automatic payments, and real-time tracking of their delivery with trained messengers.

Details

  • Valuation:
    $
    2
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
loft

Details

  • Valuation:
    $
    2.9
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    E-commerce & direct-to-consumer
  • Website:
    Click here
iFood

iFood is an online food delivery platform that allows customers to place orders online. It delivers fast food, groceries, medicine, drinks and pet foods. The company was founded in 2011 and is based in Osasco, Brazil.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Osasco
  • Country:
    Brazil
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
EBANX

EBANX is an integrated financial services company that offers cross-border payment processing across Latin America. From local fund-collecting, customer support, and KYC to remittance services, Forex solutions, and international settlements, its comprehensive business model allows the company to rapidly expand market share in Brazil and Latin America.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Curitiba
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here
Dock

Dock offers credit card processing services. Operating in the B2B market, the company provides electronic payment services to financial institutions and companies. The company was founded in 1997 and is based in Sao Paulo, Brazil.

Details

  • Valuation:
    $
    1.5
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here
Creditas

Creditas operates a digital lending platform that focuses on secured lending. Creditas funds customer loans through both investors and financial institutions. Core products include a version of home equity and auto loans, in which the borrowers offer residences or vehicles as collateral for a first-lien lending product. Its products also include Creditas Auto (car marketplace), Creditas Store (ecommerce platform with a payroll-deductible BNPL model), and Voltz (the largest manufacturer of electric motorcycles in Brazil). The company was founded in 2012 and is based in Sao Paulo, Brazil.

Details

  • Valuation:
    $
    4.8
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here
CloudWalk

CloudWalk is an open payment platform for creating and managing point-of-sale, hardware-agnostic payments apps focused on North America and LatAm (Latin America). The company's payment network per the company is built from the ground up on modern technology and blockchain and focuses on disrupting the payment ecosystem for small-and-medium enterprise merchants and their customers.

Details

  • Valuation:
    $
    2.15
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here
CargoX

CargoX offers heavy-duty trucking services for corporations. It enables truck owners and operators to make use of excess capacity and avoid empty return trips. It was founded in 2015 and is based in Sao Paulo, Brazil.

Details

  • Valuation:
    $
    1
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Supply chain, logistics, & delivery
  • Website:
    Click here
C6 Bank

C6 Bank is a mobile-only bank. It is based in Sao Paulo, Brazil.

Details

  • Valuation:
    $
    5.05
    Billion
  • City:
    Sao Paulo
  • Country:
    Brazil
  • Industry:
    Fintech
  • Website:
    Click here