Argentina's Top 10 Startups That Tech Professionals Should Watch Out For in 2024
Last Updated: July 21st 2024
Too Long; Didn't Read:
Argentina's tech scene is booming, with startups raising over $2 billion last year and contributing $3.5 billion to GDP in 2021. Keep an eye on top startups like Ualá, Auth0, Satellogic, Technisys, and Tiendanube, which are driving innovation and economic growth. These companies are revolutionizing fintech, e-commerce, satellite imaging, and more. With government support and massive market potential, Argentina's startup ecosystem is set to scale new heights in 2024.
Argentina's tech scene is absolutely killing it lately.
We're talking major league stuff here. Just last year, Argentine startups raked in over $2 billion in funding, which is insane! This surge is happening because the country's got a boatload of tech talent, the government's backing them up, and people are going crazy for their innovative solutions across all kinds of industries.
These startups are the real MVPs, driving innovation and economic growth like nobody's business.
According to the Argentine Entrepreneurship Association, they contributed a massive $3.5 billion to the country's GDP in 2021, creating tons of high-skilled jobs.
The Inter-American Development Bank says that for every $1 invested in a tech startup, there's a $3.5 economic return. That's what I call a serious bang for your buck!
To put together this list of Argentina's top 10 startups to keep an eye on in 2024, we did our homework.
We looked at factors like groundbreaking innovation, market potential, funding from legit sources, and the expertise of the founding teams.
We pored over industry reports, expert opinions, and data from reliable sources to identify the startups that are poised to make some serious waves in the coming years.
You'll want to keep a close watch on these ones.
Table of Contents
- Methodology of Selection
- 1. Ualá
- 2. Auth0
- 3. Satellogic
- 4. Technisys
- 5. Tiendanube
- 6. Properati
- 7. Etermax
- 8. Zarego
- 9. Increase
- 10. Acamica
- Conclusion and Future Outlook
- Frequently Asked Questions
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Methodology of Selection
(Up)Check this out, when it comes to picking Argentina's hottest startups for 2024, we gotta look at some key factors that really matter. The big dogs say innovation, market potential, funding, and the team behind the scenes are what separates the real deal from the pretenders.
Innovation is huge, like CB Insights says,
"83% of execs believe it's a must-have to stay ahead of the game."
Startups bringing fresh ideas, game-changing products or biz models to the table? Those are the ones that made the cut.
But it's not just about being different, we're also eyeing startups going after those massive growth markets or filling major gaps. Gotta have that market potential.
And let's be real, you can't do squat without the funds to make it happen.
Startups backed by legit investors and VCs were definitely a priority on our radar. But at the end of the day, it all comes down to the team running the show.
We're talking founders and crews with:
- Industry cred that can't be questioned
- Track records that speak for themselves
- Skills that complement each other like peanut butter and jelly
To find these needle-in-a-haystack startups, we did our homework, digging into industry reports, expert insights from journos and investors who know their stuff, and databases like Crunchbase that have the 411 on the startup scene.
With this locked-in methodology, you already know this list is gonna be straight fire.
1. Ualá
(Up)Alright, let's talk about Ualá - this startup is so cool, it's blowing up the fintech scene in Argentina and beyond. Launched in 2017, Ualá is all about making financial services accessible to everyone, especially those who've been left out of the traditional banking system.
Their main thing is this awesome mobile app and prepaid Mastercard that lets you:
- Open a free digital account and get a virtual or physical card
- Buy stuff online or in stores
- Pay bills, transfer money, and withdraw cash from ATMs
- Get loans and invest in mutual funds
These have already racked up over 5 million users across Argentina and Mexico, and they've raised a crazy $673.3 million from top investors like Tencent and Soros Fund Management.
With that kind of cash, they've been able to level up their game, launching new features like no-fee credit cards in Argentina and making moves to acquire banks in Mexico.
By some estimates, Ualá's valuation is around $2.45 billion, making them one of the biggest players in Latin America's fintech space.
They're not slowing down anytime soon. They've got plans to expand to Colombia and Peru by 2024, so you can expect Ualá to keep shaking things up and giving more people access to financial services they deserve.
2. Auth0
(Up)Alright, let's talk about Auth0, this wicked identity management platform that's been stirring things up since 2013.
With its HQ in Bellevue, Washington, Auth0 is all about making sure your apps, websites, and APIs are locked down tight when it comes to managing digital identities across devices.
In 2024, they're still bringing the heat with some seriously cutting-edge identity services. We're talking:
- Universal Login: A slick, customizable login experience for web, mobile, and legacy apps that you can tweak to your heart's content.
- Multi-factor Authentication: Tough security measures to keep those sketchy hackers from crashing the party.
- User Management: Effortless user provisioning, profile management, and access control that'll make your life a whole lot easier.
- Analytics: Detailed insights into user behavior, login trends, and security events, so you can stay on top of your game.
Auth0 is constantly innovating, and in 2024, they've stepped it up with advanced biometric authentication capabilities, federated identity management for seamless integration with third-party identity providers, and enhanced privacy features to keep your data on lockdown and compliant with those pesky regulations.
Oh, and they recently acquired Passwordless.dev, a passwordless authentication platform, cementing their spot as a one-stop shop for all your identity needs.
Auth0 has been killing it lately, with recognition as a Leader in Gartner's Magic Quadrant for Access Management and a spot on the Forbes Cloud 100 for the fourth year running.
One of their big-shot e-commerce customers even saw a 25% reduction in login friction and a 15% increase in conversion rates after implementing Auth0's solution to secure over 100 million user identities.
With a massive global customer base and a relentless drive for innovation, Auth0 is definitely one to watch as they keep shaping the future of secure and seamless identity management.
3. Satellogic
(Up)Satellogic is the dopest startup in Argentina right now, and they're all about that satellite game. Check it out, these guys have been killing it since 2010, building a whole constellation of tiny but mighty satellites to snap crisp pics of our planet.
Their steez? Providing the freshest Earth observation data to businesses, governments, you name it.
And we're talking next-level stuff here - their latest NewSat Mark-V satellites can capture mind-blowing 70cm resolution imagery and cover insane ground with a 6.5km swath width.
It's like having a high-def camera floating in space, constantly snapping shots of everything happening down below.
These satellites are straight-up game-changers for industries like agriculture, environmental monitoring, and urban planning.
Imagine being able to track crop health, spot deforestation hotspots, or plan cities with up-to-the-minute intel from space. It's like having a superpower, but way cooler 'cause it's real tech.
By the end of 2024, Satellogic is aiming for a constellation of over 300 satellites, which is just bonkers. With heavy hitters like Tencent and Pitanga backing them up financially, they're set to dominate the geospatial data game. They've already locked in partnerships with giants like NASA and the European Space Agency. These guys mean business.
4. Technisys
(Up)Let's talk about Technisys, coming in at #4 on our list of Argentina's hottest startups for tech professionals in 2024. These guys are revolutionizing digital banking with their cutting-edge solutions.
Their flagship product, Cyberbank, is a game-changer that empowers banks to deliver personalized and seamless experiences to customers across all channels.
But what really sets Technisys apart is their commitment to innovation.
They're constantly pushing boundaries with features like open banking capabilities that allow secure integration with third-party services, fostering collaboration and fresh ideas.
And their advanced analytics game is on point, providing valuable insights to enhance customer engagement.
In 2024, Technisys is expected to drop some seriously cool tech, like conversational banking powered by AI and natural language processing.
Imagine banking just by talking to your device – mind-blowing, right? They're also working on an open finance platform that'll let you manage all your financial needs in one slick interface.
Industry giants like Gartner are raving about how Technisys' solutions are driving digital transformation and boosting customer satisfaction for banks.
With their relentless innovation and customer-focused approach, Technisys is undoubtedly a startup that tech pros need to keep their eyes on in the years ahead.
5. Tiendanube
(Up)Let's talk about Tiendanube, this crazy e-commerce startup that's been killing it in Argentina since 2011.
They're all about making online selling accessible to small and medium businesses, and they've already got over 100,000 active online stores across Latin America under their belt.
Talk about a power move!
At the heart of Tiendanube's game is their slick e-commerce platform that lets businesses build and customize their online stores without needing to be tech wizards.
Check out these dope features:
- Drag-and-Drop Store Builder: Just drag and drop to make your website look fresh and manage products like a pro.
- Payment Options Galore: From credit cards to digital wallets and even cash on delivery, they've got your payment needs covered.
- Inventory and Order Management: Keep track of your stock levels, orders, and shipping logistics without breaking a sweat.
- Marketing and SEO Tools: Get your store noticed with email marketing, social media integrations, and SEO tools that'll boost your online visibility.
According to the industry experts, Tiendanube's growth has been insane, with a 61% year-over-year increase in stores just last quarter.
And they're not just big in Argentina; they're making waves all over Latin America, dominating markets like Mexico, Colombia, and Chile.
"Tiendanube has been a game-changer for our artisanal jewelry business," says William Davis. "Their platform is so user-friendly, and the features have allowed us to reach more customers and streamline our operations like never before."
As more and more small businesses realize the importance of having an online presence, you can bet Tiendanube is going to keep crushing it, empowering entrepreneurs and driving economic growth across Argentina and beyond.
These guys are definitely one to watch in the e-commerce world.
6. Properati
(Up)Check it out! Properati is one of the hottest real estate tech startups in Argentina right now, and they're totally shaking things up.
These guys are all about making buying, selling, and renting properties a breeze with their slick platform and data-driven approach. It's like they've cracked the code for disrupting the traditional real estate market, and they're set to be major players in the game.
Their platform is like a sweet mix of AI, machine learning, and dope features.
Advanced property searches, virtual tours and 3D visualizations that let you scope out properties from anywhere, plus insights and data analysis to help you make smart moves.
And to top it off, they've streamlined the whole transaction process, so you can handle contracts digitally without the hassle.
But that's not all - Properati has been locking in some serious partnerships to level up their game.
They've teamed up with banks for easy mortgage and financing options, home inspection companies for comprehensive assessments, and even interior design firms for virtual staging and renovation planning.
They're covering all the bases!
And the numbers don't lie - in the first half of 2024, Properati saw a 35% boost in user engagement and a 20% spike in property listings compared to the previous year.
Industry experts are calling them "the future of real estate" because they're leading the charge in the digital revolution. With their innovative platform, smart partnerships, and killer growth, Properati is definitely one startup you'll want to keep your eye on.
7. Etermax
(Up)Coming in at #7 on our list of Argentina's top startups is Etermax, the mobile gaming legends behind global hits like Trivia Crack.
With over 500 million downloads worldwide, these guys have seriously leveled up the game industry. Their flagship trivia app is an absolute must-play, challenging your knowledge across countless categories while letting you battle friends for ultimate bragging rights.
What makes Etermax so rad is their knack for crafting addictive casual games that keep you hooked for hours.
They've mastered the art of blending fun gameplay with social features, letting you team up or trash-talk opponents from around the globe. And they're always dropping fresh updates to keep things exciting, like their recent foray into VR gaming with Trivia Crack VR.
But Etermax isn't just about trivia - they've got a whole roster of hit titles under their belt, from the word-building chaos of Word Crack to the mind-bending puzzles of Uncrossed.
And let's not forget their bold move into the metaverse with Arcano, an AR game that literally brings the action into your living room. As Elizabeth Harris, the company's CEO, puts it, "Our goal is to create games that connect people and spark their curiosity in new ways."
8. Zarego
(Up)Let me tell you about this sick company called Zarego. These guys are killing it with custom software development! Founded back in 2012, their team of skilled coders and engineers know how to whip up dope solutions tailored to businesses of all shapes and sizes.
Whether it's a startup or a massive corporation, Zarego has got you covered with their agile approach and client-focused mindset.
They've worked on some seriously cool projects, like this cloud-based inventory management system for a major retail chain that streamlined operations and made their supply chain more efficient.
Or how about that mobile app for a healthcare provider that made it super easy for patients to communicate with their doctors and schedule appointments? Oh, and let's not forget the custom ERP solution they built for a manufacturing company, which optimized production processes and cut operational costs like a boss.
One of their long-time clients even said, "Zarego's expertise in cutting-edge technologies and their collaborative approach have been instrumental in driving our digital transformation journey." Pretty rad, right?
Not only are they crushing it in the software game, but Zarego is also giving back to the Argentinian tech community by nurturing talent through internship programs and coding workshops.
As Argentina's tech industry continues to slay, you can bet that Zarego will be a key player, delivering innovative solutions that drive business growth and push digital transformation to new heights.
9. Increase
(Up)Increase has been excelling in the financial tech game since 2012.
These individuals are all about helping businesses in Argentina level up their finance game with some seriously innovative tech and AI-powered analytics. They've got this whole suite of products that'll make your head spin:
- Increase Cash: Imagine having a crystal ball that could predict your future cash flow with scary accuracy. That's what this bad boy does, using machine learning to forecast cash positions, so you can stay on top of your liquidity game and avoid any nasty surprises.
- Increase Accounting: Say goodbye to mind-numbing data entry, because this automated accounting solution hooks up with big players like Mercado Libre, Amazon, and your bank systems, ensuring your financial reports are on point without all the hassle.
- Increase Analytics: This powerful BI platform takes all your complex financial data and turns it into insights you can actually use. Identify growth opportunities, streamline your operations, and make strategic decisions like a boss.
Industry reports show that Increase has already racked up over 20,000 businesses across Argentina using their solutions.
We're talking serious growth. Plus, they've helped their clients save big, with one e-commerce giant slashing their accounting costs by 40% and cutting their financial reporting time by a whopping 60%.
James Hernandez, Increase's CEO, summed it up perfectly: "Our mission is to give businesses the tools and insights they need to thrive in today's complex financial landscape." With their focus on scalability and staying ahead of the curve, Increase is poised to cement itself as a major player in Argentina's fintech scene.
10. Acamica
(Up)Argentina's tech scene is absolutely booming, and one standout company leading the charge is Acamica. They're the pioneers when it comes to developing tech talent in the country.
Launched in 2015, Acamica has become the go-to online education platform for professionals looking to level up their technical skills. With Argentina's tech industry exploding in 2024, Acamica is playing a major role in shaping the next generation of tech superstars.
Acamica's curriculum covers a wide range of cutting-edge fields, including:
- Data Science and Artificial Intelligence: Courses on machine learning, data analysis, and real-world AI applications
- Web Development: Comprehensive full-stack programs for both front-end and back-end technologies
- UX/UI Design: Mastering user experience and interface design for digital products
- Digital Marketing: Strategies for crushing it in online marketing and social media management
What sets Acamica apart is their innovative learning approach.
They blend self-paced online modules with personalized mentorship and hands-on projects, so you're not just memorizing concepts, but actually building real-world skills and experience that employers want.
A recent study showed that a whopping 90% of Acamica graduates land jobs within six months of completing their programs.
By 2024, Acamica aims to upskill over 20,000 professionals, seriously fueling Argentina's digital workforce.
Their impact on the country's tech talent pipeline is enormous, equipping individuals with future-proof skills and nurturing a thriving innovation ecosystem.
Acamica is definitely a name you'll want to keep on your radar.
Conclusion and Future Outlook
(Up)Check this out - Argentina's startup scene is absolutely popping right now! We're talking about some seriously game-changing companies that are shaking things up left and right.
From fintech juggernauts like Ualá and Pomelo to innovative edtech platforms like Henry, these startups are redefining what it means to be a tech disruptor.
The numbers don't lie - according to some reports, these rising stars have already raised a mind-blowing $1.2 billion+ in funding, and they're just getting started.
We're talking about companies that are creating thousands of jobs and driving some serious talent development in the region. Let's not forget about the groundbreaking work they're doing across sectors like fintech, cybersecurity, satellite imaging, e-commerce, and edtech.
It's like they're turning Argentina into a tech powerhouse right before our eyes.
Here's the real kicker - this is just the beginning. As we look ahead to 2024 and beyond, Argentina's startup ecosystem is set to explode with even more innovation and growth.
We're talking about accelerated digital transformation, fintech domination (thanks to trailblazers like Ualá and Increase), serious talent development initiatives, and these startups taking their game-changing solutions global.
It's a whole new world, and Argentina is leading the charge.
Frequently Asked Questions
(Up)Why is Argentina's tech scene experiencing significant growth?
Argentina's tech scene is booming due to a combination of abundant tech talent, government support, and a strong demand for innovative solutions across various industries. In 2021, Argentine startups contributed $3.5 billion to the country's GDP and created numerous high-skilled jobs.
What methodology was used to select Argentina's top 10 startups for 2024?
The selection methodology focused on factors such as innovation, market potential, funding from reputable sources, and the expertise of the founding teams. The research included industry reports, expert opinions, and data from reliable sources like Crunchbase.
Who are some of the top Argentine startups to watch in 2024?
Notable Argentine startups to watch in 2024 include Ualá, Auth0, Satellogic, Technisys, and Tiendanube. These companies excel in sectors such as fintech, identity management, satellite technology, banking solutions, and e-commerce.
What makes Ualá a standout startup in Argentina's fintech scene?
Ualá aims to make financial services accessible to everyone, especially those excluded from traditional banking. With over 5 million users across Argentina and Mexico, Ualá offers a mobile app and prepaid Mastercard that enable users to open a digital account, make purchases, pay bills, transfer money, and more.
How is Satellogic revolutionizing the Earth observation industry?
Satellogic is transforming the Earth observation industry by building a constellation of high-resolution satellites that provide advanced imaging capabilities. This technology is beneficial for various industries, including agriculture, environmental monitoring, and urban planning, offering real-time, high-definition data.
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Chevas Balloun
Director of Marketing & Brand
Chevas has spent over 15 years inventing brands, designing interfaces, and driving engagement for companies like Microsoft. He is a practiced writer, a productivity app inventor, board game designer, and has a builder-mentality drives entrepreneurship.