Top 10 Most Promising Mexican Startups To Watch In 2023

Mexico has one of the most developed startup ecosystems in Latin America. Mexico is the second-largest economy in Latin America. Let’s talk about the top 10 most promising Mexican startups in 2022.

Top 10 most promising Mexican startups

1) Kavak

Kavak is one of the best startups in Mexico. It is the biggest startup in Mexico and the second biggest startup in LATAM (Latin America), with a current valuation of US$8.7B and 40+ stores in Mexico, Argentina & Brazil. The Mexico City-based startup focuses on purchases and sales of automobiles online. It raised $700 million in 2021.

2) Justo

Justo is a Mexican grocery delivery startup. The startup aims to become the online supermarket of choice by 2030. It closed a $152 million Series B funding round led by General Atlantic in 2022.

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3) Bitso

Bitso is one of the best Mexican startups in 2022. It is a Mexico City-based cryptocurrency exchange company. It allows users to buy and sell bitcoin and other cryptocurrencies. It raised $250 million at a valuation of $2.2 billion in 2021. The company was founded in 2014.

4) Credijusto

Credijusto is one of the best fintech startups in Mexico. It is the leading technology-enabled lending platform in Mexico. It provides financial solutions and credit to other brands. It raised $42 million in funding in 2021. The company was established in 2014.

5) Minu

Minu is a Mexico City-based pay-on-demand startup. It offers on-demand salaries to employees of more than 100 companies. It raised $6.5 million in 2019 from Village Global, which is the impact fund backed by big names like Bill Gates, Mark Zuckerberg and Jeff Bezos.

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6) Clara

Clara is a Mexican fintech company. It raised over $40 million in funding in 2021. It also achieved unicorn status after raising US$70 million in a Series B led by Cotaue in 2021. It was founded in 2020 to provide company credit card services.

7) Cargamos

Cargamos is the first last-mile platform in Latin America. The logistic company offers faster deliveries at a lower cost. It targets individual users and e-commerce platforms with its 24-hour service. It raised $11 million in investment in 2021.

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8) Cacao Paycard Solutions

Cacao Paycard Solutions is the first Mexican company that offers card issuance for payment methods as an integral solution. It has also expanded its presence in different territories in LATAM.

9) UnDosTres

UnDosTres is a digital platform that allows secure payment options. The services are integrated with CoDi, Banco de Mexico’s platform. It is the most trusted destination for online mobile recharges.

10) Homie

Homie is a technological platform focused on real estate. Homie uses its online platform to facilitate rentals, organise viewings, and oversee the rental process. It allows you to rent a flat without any collateral as a guarantee within 24 hours.

These are the top 10 most promising Mexican startups in 2022. Which is your favourite startup?