Peru's Top 10 Startups That Tech Professionals Should Watch Out For in 2024
Last Updated: December 10th 2024
Too Long; Didn't Read:
Peru's startup scene is booming, with top ventures like Crehana (Edtech), Chazki (Delivery), and Rextie (Fintech) reshaping industries. Key companies to watch in 2024 include Crehana, OlaClick, and Chazki, leveraging innovative solutions in education, e-commerce, and logistics. Lima ranks as South America's top startup hub, attracting investors worldwide.
Looking for the latest updates? Check out the 2025 version of this article here.
Peru's startup scene is straight-up fire right now, and 2024 is looking like it's gonna be an epic year for all the young innovators shaking things up. The whole ecosystem is sizzling with fresh ideas and cutting-edge tech, totally disrupting industries left and right.
Here are 10 Peruvian startups that every self-respecting tech bro should be keeping tabs on:
- Crehana (Edtech): Cutting-edge educational platform focused on creative and professional skills development.
- Tambo (Ecommerce & Retail): Revolutionizing the retail experience with innovative e-commerce solutions.
- uDocz (Edtech): Enhancing access to educational resources with a robust library of academic documents.
- Wynwood House (Social & Leisure): Redefining social and leisure spaces with unique, adaptable living solutions.
- OlaClick (Ecommerce): Streamlining online ordering systems for small to medium-sized businesses.
- Joinnus (Entertainment): Simplifying event registration and ticketing with user-friendly technology.
- Somos Moto (Fintech): Facilitating motorcycle financing with innovative financial solutions.
- Chazki (Transportation): Optimizing delivery services with efficient logistics technology.
- Rextie (Fintech): Providing secure and convenient currency exchange services.
- Check out more rising startups making major moves
These game-changing ventures are revolutionizing everything from online learning to e-commerce, fintech to delivery services.
They're not just making waves – they're causing a total tsunami that's reshaping Peru's entire business landscape.
Lima was recently ranked as South America's top startup hub by StartupBlink, so the stakes are sky-high. Better buckle up and get ready to dive deep into these disruptors that are putting Peru on the global startup map for real.
Table of Contents
- Methodology
- 1. Crehana
- 2. Favo
- 3. Manzana Verde
- 4. Joinnus
- 5. Kambista
- 6. Cinepapaya
- 7. Chazki
- 8. Rextie
- 9. Fitco
- 10. Keynua
- Conclusion
- Frequently Asked Questions
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Methodology
(Up)Alright, let me break it down for you on how we picked the top 10 Peruvian startups that tech pros need to keep an eye on in 2024.
We didn't just wing it – we had a solid game plan. First off, we checked out over 100 startups and sized them up based on how innovative they were, their growth potential, market impact, and funding situation.
We're talking next-level stuff here, not just some basic ideas.
On the innovation front, we looked at things like their products/services, cutting-edge tech, and how disruptive they were in their industries.
We weren't messing around – we used legit methods to evaluate innovation, like checking out their patents, industry cred, and what customers had to say. As for growth potential, we analyzed metrics like user acquisition rates, revenue growth, and market penetration to see if they had what it takes to blow up.
Market impact was another biggie.
We wanted startups that could shake things up and transform their markets, so we looked at their market share, customer adoption, and competitive advantages.
Funding was also crucial – we checked out their funding history, investor confidence, and financial stability to see if they could keep the momentum going.
But we didn't just stop there.
We also factored in industry-specific criteria and got insights from Peru's tech community. We had a weighted scoring system where innovation and growth potential carried the most weight, followed by market impact and funding.
The top 10 startups were then picked based on their total scores across all criteria. So, you know we did our homework and didn't just go with the hype.
With this solid methodology, the startups on our list are the real deal – the ones that are gonna shape Peru's tech scene in a big way come 2024.
Stay tuned!
1. Crehana
(Up)Crehana is this Peruvian startup that's shaking up the online learning game. Started in 2015, they've grown so fast and are now one of the top EdTech players in Latin America.
Their whole vibe is making education accessible to everyone, no matter where you're at.
This platform is no joke - they've got over 800 courses covering everything from design to business to coding.
Talk about options, right? They already have over 5 million users across Latin America and beyond. It's crazy how popular they've become in such a short time.
But Crehana isn't just another online course site.
They're really innovating the whole learning experience:
- Interactive Learning: Their courses are super hands-on, with live sessions, group projects, and all that good stuff to keep you engaged.
- Personalized Learning: Using AI, they customize the whole journey for you based on your goals and progress. No more wasting time on irrelevant stuff.
- Instructor Support: They hook up their instructors with tools to create amazing content, build communities around their courses, and actually make money from sharing their expertise.
With all these game-changing moves, Crehana is definitely a Peruvian tech company to keep an eye on in 2024.
They're proving that online education can be accessible, personalized, and genuinely impactful all at once.
2. Favo
(Up)Get ready to have your mind blown by Favo, the Peruvian startup that took online grocery shopping to a whole new level, but sadly shut down in February 2024 after a wild five-year ride.
Founded in 2019 by the ambitious Daniel Garcia, Favo was a total game-changer, connecting regular folks with a side hustle opportunity and their neighbors' grocery needs.
Here's how it worked: Favo set up a platform where underemployed entrepreneurs, mostly stay-at-home moms, could promote and sell groceries to their local community.
Customers would place orders through the Favo app, and the next day, the orders were delivered in bulk to the entrepreneurs for that last-mile delivery. It was like having your own personal shopper in the neighborhood!
Despite securing major funding, including a $26.5 million Series A round led by Tiger Global, Favo ultimately couldn't sustain operations.
Their ambitious expansion into Brazil fell short, and increasing economic pressures made it impossible to keep the wheels turning. But what a wild ride it was! Favo gave social commerce a new meaning and proved that thinking outside the box can lead to some seriously innovative business models.
3. Manzana Verde
(Up)Manzana Verde is the real deal when it comes to healthy eats. This startup from Lima is changing the game, making it easy peasy for Peruvians to get their hands on nutritious meals.
Since 2017, they've been on a mission to make well-being a way of life, and they're succeeding!
As of 2024, Manzana Verde's app is delivering goodness to 12 major cities across Peru, with plans to expand even further.
They've got a massive 150,000 active users and a mind-blowing 300% year-over-year growth. Their secret? Keeping things fresh, innovative, and all about that quality.
Countless customers are raving about how Manzana Verde has transformed their lives.
Richard Harris spilled the tea, saying:
"Manzana Verde has been a total gamechanger for me. Their delicious meals keep me energized all day, and their portion-controlled options have been a lifesaver for my weight loss journey. I'm forever grateful for their commitment to promoting well-being."
With a menu packed with locally-sourced, organic ingredients, Manzana Verde is setting a new standard for food delivery in Peru.
Their data-driven approach ensures optimal nutrition, catering to all kinds of dietary needs and restrictions. Check out these impressive achievements:
- Partnering with local farms: Partnering with over 200 local farms to support sustainable agriculture
- Introducing compostable packaging: Introducing compostable packaging to minimize their environmental impact
- Launching a meal-tracking app: Launching a meal-tracking app to help users stay on top of their dietary goals
As Manzana Verde continues to shake up the food delivery game, their impact on fostering a healthier Peru is undeniable.
They're proving themselves as a startup to keep a close eye on in 2024 and beyond.
4. Joinnus
(Up)Real talk, Joinnus was supposed to be the answer to Peru's broken ticketing system for Machu Picchu.
This Lima-based startup got contracted by the Ministry of Culture to handle 100% virtual ticket sales, but things got messy. There were protests over the lack of transparency in how they were selected, and concerns about data access and mega profits for a private company.
Despite the rocky start, Joinnus did recently merge with financial giant Grupo Credicorp, giving them a major boost.
The hospitality sector is backing Joinnus as they promise to modernize ticketing and end the frustrating status quo. Their platform has some slick features like customizable event pages, multiple ticket types, and smooth website integration.
Still, the controversy over privatizing Machu Picchu ticketing has the Ministry defending themselves.
With internal challenges like resignations and unhappy directors in Cusco, Joinnus' big launch got delayed. It remains to be seen if they can truly fix the mess and give Peru's growing tech scene a credible event platform to be proud of.
5. Kambista
(Up)Check this out - Kambista is absolutely killing it in Peru's fintech scene! This startup, launched in 2016, is changing how we exchange dollars and soles online.
With over 1 million successful transactions under their belt, they're clearly crushing the currency exchange game. Their platform compares rates across multiple banks, ensuring you always get the best deal.
Plus, it's super easy to use - just download their app or hop on their website.
Kambista isn't just another money transfer app. These guys are straight-up innovators, utilizing cutting-edge algorithms and real-time data to offer insanely competitive rates.
And we're talking rates that'll make your traditional bank look like a total rip-off. Their fees are ridiculously low, like 1.5% low, and every transaction is encrypted with top-notch security protocols.
So, you can rest easy knowing your funds are safe and sound.
The rave reviews speak for themselves. With a stellar 4.8/5 rating on Trustpilot, users can't get enough of Kambista's lightning-fast transfers, unbeatable rates, and awesome customer service.
They snagged the "Best Mobile Banking Solution" award at the Latin American Fintech Awards 2023. These guys are on another level, and definitely a startup to watch out for in 2024.
6. Cinepapaya
(Up)Alright, so check this out - Cinepapaya, that dope movie ticketing app from Peru, just got acquired by the big shots at Fandango! This is major news for anyone into the entertainment scene.
Cinepapaya was straight-up revolutionizing how we discover flicks and score tickets in Latin America.
These guys started small back in 2011 but quickly expanded to major markets like Mexico, Argentina, and Colombia.
With slick features like personalized movie recs based on your viewing history and a super user-friendly interface for booking tickets, it amassed over 500K active users! Major cinema chains were all about partnering with Cinepapaya for that seamless movie-going experience.
Now, with Fandango's resources and expertise, Cinepapaya is about to level up big time.
We're talking innovative new ticketing platforms, enhanced search capabilities, and streamlined payment options like PayPal and Visa Checkout. The acquisition also means Fandango's global reach just got a massive boost, solidifying their presence in the Latin American market.
Of course, this power move didn't come out of nowhere.
Cinepapaya had already secured backing from major players like Movile, Brazil's answer to Rocket Internet.
With that kind of support, it was only a matter of time before they caught the eye of an industry giant like Fandango.
So there you have it – Cinepapaya's inspiring journey from a Peruvian startup to a key player in Fandango's global domination strategy.
If this acquisition is any indication, the future of movie ticketing is looking brighter than ever. Buckle up and get ready for an entertainment experience unlike anything we've seen before!
7. Chazki
(Up)Chazki is the Peruvian logistics platform that's shaking up the delivery game in a major way. Founded in 2015, this tech startup has been hustling hard to make sure your packages arrive on time and hassle-free.
They've built a slick platform that connects businesses with a crew of reliable delivery pros, handling that crucial last-mile logistics like bosses.
But Chazki isn't just coasting on basic delivery services.
These guys are all about leveraging the latest tech to optimize their operations. Real-time tracking, smart routing, and efficient order processing – Chazki's algorithms crunch massive amounts of data to streamline the whole process.
And it's clearly paying off – they've already snagged a sweet 18% share of Peru's rapidly growing logistics market.
Last year was a total level-up for Chazki.
Their delivery volume skyrocketed by an insane 73%, cementing their status as market leaders. As online shopping keeps exploding in Peru, Chazki is perfectly positioned to ride that wave and provide businesses with a seamless delivery solution.
But they're not resting on their laurels.
In 2024, Chazki is gearing up for some major moves:
- Expanding their delivery fleet by 40% to handle the surging demand.
- Introducing advanced analytics to further refine routing and reduce their carbon footprint.
- Merging with Mexican startup Lok to establish a network of smart lockers across Latin America, making deliveries even more convenient.
With their customer-centric approach and cutting-edge tech, Chazki is primed to dominate the logistics scene in Peru and beyond.
If you're in the tech world, this is definitely a startup to keep your eyes on.
8. Rextie
(Up)Alright, let me give you the scoop on Rextie, one of the hottest fintech startups making waves in Peru right now. These guys are straight up shaking up the foreign exchange game, and the big dogs like Citi are taking notice!
So here's the deal - Citi just invested in Rextie, making them the first Latin American FX fintech to score that kind of backing from a major global bank.
And it's easy to see why - since kickin' it off in 2016, Rextie has already processed a mind-blowing $4.5 billion in foreign exchange transactions! They're killing it with their user-friendly platform that cuts out the middlemen and lets individuals and businesses swap currencies at rates usually reserved for the big finance players.
But that's not all - these guys are on a serious growth tear.
By the end of 2024, they're expecting to blast past $7 billion exchanged on their platform. They've already got over 180,000 users registered, including 12,000 businesses that trust Rextie for their forex needs.
With slick features like real-time payments, top-notch security, and zero hidden fees, it's no surprise Rextie is quickly becoming the go-to forex fintech in Peru and beyond.
9. Fitco
(Up)There's a killer startup called Fitco at #9, totally shaking up the fitness game in Peru.
They've got this insane software that helps gyms and studios manage everything from booking classes to tracking memberships, all in one slick package. It's like having a personal trainer for your business, minus the sweaty armpits.
Their app is a gym rat's dream - you can link up your fitness trackers, log workouts, and even score personalized routines from the pros.
And the best part? It crushes other fitness apps when it comes to tracking your progress and keeping you motivated to hit those gains.
Word on the street is, Fitco's already teamed up with over 800 studios across Peru, and those places are raking in some serious cash.
We're talking an average 23% boost in revenue after using Fitco's system. Plus, clients are sticking around longer than a squat challenge - retention is up by 18%.
That's gotta be music to any gym owner's ears.
Fitco's pretty much running the show in Peru's fitness software scene, with a massive 35% market share.
Instructors are going crazy over how easy it makes their lives, calling it a "game-changer" for delivering top-notch experiences to their members. If you're in the fitness hustle, this is one startup you can't afford to sleep on.
10. Keynua
(Up)Check this out, Keynua is shaking up the signature game in Peru! These guys are all about making it super easy to sign docs digitally, no more dealing with papers and pens.
Their platform is like Fort Knox - using encryption and biometrics to keep everything legit and secure. But the real kicker, they've got this video signature tech where you record a short clip to prove it's really you signing off.
It's not just about convenience though, Keynua wants to disrupt the whole identity verification process in Latin America.
Imagine no more dealing with notaries and their crazy fees! With Keynua's database of validated identities, they can verify you in seconds just by checking your vid against their records.
Talk about cutting through red tape!
Major companies are already all over this tech. Banks, governments, even healthcare providers are using Keynua to speed up their paperwork flow.
One bank managed to cut their processing times by 75% after partnering with Keynua - that's insane! It's like they've cracked the code for streamlining bureaucracy.
I can't wait to see what other industries jump on board as Peru continues embracing the future of secure digital transactions.
Conclusion
(Up)Peru's startup scene is blazing hot right now, and these top 3 startups are the ones to watch in 2024 - Crehana, OlaClick, and Chazki.
Crehana is killing it with their on-demand learning platform for creatives, while OlaClick's WhatsApp ordering system is a total game-changer for businesses. And let's not forget Chazki, making waves in urban logistics with their efficient delivery services.
Peru's startup ecosystem is thriving, attracting investors and talent from all over.
With affordable costs and supportive initiatives like StartUp Peru, it's a prime location for entrepreneurs to launch their dreams. Fintech and e-commerce are particularly hot industries, with standouts like Somos Moto and Rextie disrupting the finance game.
For tech pros, these startups offer exciting opportunities to be part of something big.
According to the experts at Nucamp Coding Bootcamp, Peru's tech job market is booming, with companies hungry for skilled developers, cybersecurity specialists, and cloud experts.
With the right skills, you could be working on cutting-edge projects that shape the future of industries like finance, e-commerce, and logistics. It's an exhilarating time to be in tech in Peru!
Frequently Asked Questions
(Up)What are the top 10 startups in Peru to watch out for in 2024?
The top 10 startups in Peru to watch out for in 2024 are Crehana, Tambo, uDocz, Wynwood House, OlaClick, Joinnus, Somos Moto, Chazki, Rextie, and Kambista.
How were the top startups selected for the 2024 list?
The top startups were selected based on their innovation, growth potential, market impact, and funding situation. The methodology included evaluating their products, technology, user acquisition, revenue growth, market share, customer adoption, and financial stability, using a weighted scoring system.
What is Crehana and why is it noteworthy?
Crehana is an Edtech startup focused on creative and professional skills development. It is noteworthy for its interactive learning experiences, AI-driven personalized learning paths, and strong instructor support, making education accessible and impactful for over 5 million users.
What unique value does Chazki bring to the logistics sector?
Chazki revolutionizes the delivery and logistics sector with real-time tracking, smart routing, and efficient order processing. It leverages technology to provide reliable last-mile logistics solutions and has captured 18% of Peru's logistics market, expanding its delivery fleet by 40% in 2024.
Why is the Lima startup ecosystem important?
Lima's startup ecosystem is important as it has been ranked South America's top startup hub by StartupBlink. It attracts investors and talent from all over, thanks to affordable costs and supportive initiatives like StartUp Peru. The ecosystem's growth is driving innovations in Fintech, e-commerce, and more.
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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.