Argentina’s fintech business is vibrant and quickly increasing, rising as a key participant in Latin America (LatAm)’s fintech panorama.
As of 2024, the nation was residence to 383 fintech firms, marking the addition of 40 new startups in comparison with the earlier yr, in accordance with Finnosummit’s 2024 Fintech Radar Argentina report. The sector has skilled regular development, with the variety of native fintechs growing at a compound annual development price (CAGR) of 15.3% since 2020.
With the momentum of Argentina’s fintech sector anticipated to proceed into 2025, we glance immediately at among the most promising fintech startups from the nation. These startups are poised to make an impression in 2025, constructing on the achievements and development seen within the earlier yr.
5 Fintech Startups from Argentina to Observe in 2025
Uala secures largest VC spherical of the previous three years
Digital banking large Uala secured a powerful US$300 million Sequence E funding spherical in November 2024, marking the biggest VC funding in LatAm of the prior three years. The spherical, which valued the startup at US$2.75 billion post-money, was led by Allianz X, the expansion investments arm of Allianz Group, one of many world’s main insurers and asset managers.
This funding represents Allianz X’s first foray into the LatAm market, signaling confidence in Uala’s growth plans. The proceeds can be used to broaden Uala’s monetary ecosystem and gas sooner development in its markets. The startup will even pursue insurtech alternatives, leveraging Allianz’s world experience and sources to combine insurance coverage merchandise into its monetary ecosystem.
Based in 2017, Uala is a number one digital financial institution with over eight million customers throughout Argentina, Mexico and Colombia. The corporate gives providers together with debit and bank cards, funds, loans, funding merchandise, and service provider buying options.
Uala’s development technique focuses on serving the underbanked by providing high-yield financial savings, assured bank cards, and commission-free remittances. In Mexico, deposits have quintupled in 18 months attributable to a aggressive 14% yield on financial savings accounts, attracting over 1.7 million prospects, in accordance with Finimize.
Pomelo data sturdy development
2024 was a milestone yr for Pomelo, a cost infrastructure startup. The corporate secured a Sequence B funding spherical, solid key partnerships, and achieved record-breaking transaction volumes, setting the stage for even stronger momentum in 2025.
In January, the startup closed a US$40 million spherical to fund its growth in LatAm, particularly in Mexico and Brazil, in addition to the beginning of operations in Chile, CEO and co-founder Gaston Irigoyen advised Fintech Nexus.
In October, it joined the World Financial Discussion board (WEF)’s World Innovators Group, an invitation-only group of the world’s most promising startups and scaleups. These firms, spanning sectors like fintech, AI, and biotech, collaborate with WEF leaders and policymakers to handle world challenges and speed up the adoption of transformative applied sciences.
Pomelo additionally strengthened its management workforce, welcoming Carlo Enrico, former president of Mastercard for LatAm and the Caribbean, as an impartial member of its board and investor. Enrico performed a basic function in signing strategic industrial agreements with regional fintech giants like Nubank, Mercado Pago and Uala, bringing helpful experience to Pomelo’s subsequent part of development.
Moreover, Pomelo partnered with main regional issuers and conventional monetary companies, together with Stori in Mexico, Nomad in Brazil, Match in Chile, and Bancolombia in Colombia, Bloomberg Linea reported.
In 2024, Pomelo doubled its income, whereas transaction volumes elevated eightfold YoY, Irigoyen advised the media define.
Based in 2021, Pomelo presents cost infrastructure capabilities to startups and monetary providers firms in search of to launch on-line accounts, bank cards, or debit playing cards. The corporate claims 125 purchasers and operates in six LatAm markets. Since its launch, the startup has raised US$103 million.
Tapi expands to Mexico
Cost processor Tapi introduced in July 2024 plans to develop its operational footprint in Mexico. The transfer adopted the closing of a US$22 million Sequence A spearheaded by outstanding VC companies Kaszek and Andreessen Horowitz, Bloomberg reported.
CEO and co-founder Tomas Mindlin expects Mexico to turn into Tapi’s quickest rising market within the subsequent two years. He initiatives US$400 million in processed funds for 2024, a fourfold improve from 2023.
Based in 2022, Tapi goals to revolutionize the cost expertise in LatAm. The corporate’s know-how is designed to deal with funds for giant shopper platforms throughout the area, reminiscent of Mercado Pago and cryptocurrency trade Lemon. This infrastructure permits fintech startups to serve prospects throughout a number of nations, every with its personal banking system and rules.
Presently, Tapi works with 25 purchasers and has partnerships with main monetary platforms like Uala, Stori, and Yape, fueling its growth.
Belo expands its capabilities
Belo, a digital pockets for freelancers and distant staff, introduced in June 2024 a brand new characteristic that permits customers to obtain ACH transfers instantly into their wallets. ACH transfers are digital cash transfers between financial institution accounts within the US.
This new characteristic goals to simplify cross-border funds, notably for Latin American professionals incomes revenue from the US. It additionally presents a more cost effective various to conventional cost platforms by chopping out middlemen.
Initially obtainable to customers in 17 nations, together with Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Panama, Peru and Uruguay, Belo plans to increase ACH transfers to enterprise accounts, enabling firms to pay salaries instantly.
Based in 2020, Belo operates as a digital pockets for LatAm freelancers and distant staff. The platform permits people to gather revenue globally, and for companies to handle wage funds, entry secure currencies, and conduct worldwide transfers.
Belo’s development technique focuses on natural development by making a product that successfully solves actual issues, which naturally encourages word-of-mouth adoption, CEO and co-founder Manuel Beaudroit advised Contxto in June 2024. It additionally locations a powerful emphasis on effectivity, making certain that its operations stay cost-effective whereas persevering with to offer worth to its customers. The corporate reached profitability in 2023.
Trying forward, Belo goals to strengthen its presence in Brazil and Mexico, whereas increasing into different markets within the area. It would additionally proceed to boost its product choices to satisfy the evolving monetary wants of distant staff.
Findo’s impression on monetary inclusion
In only a few years, Findo, another scoring startup, has already made a big impression, offering monetary entry to over 200,000 people, together with 25,000 migrants in Argentina who gained entry to bank cards by a partnership with Naranja X, Diego Varela, CEO and co-founder of Findo, advised Forbes Argentina in November 2024.
Findo has operations in Argentina, Paraguay, and Bolivia, having established strategic partnerships with organizations reminiscent of Prester and Professional Mujer. The startup is now trying to develop into markets reminiscent of Chile, Peru, Ecuador and Colombia.
Along with its development, Findo additionally obtained strategic financing from the IDB Lab for US$500,000 for its growth in Paraguay, and was acknowledged in December 2023 as one of many winners of the CAF Monetary Inclusion Lab.
Based in 2017, Findo focuses on offering monetary inclusion for individuals who haven’t any credit score historical past, reminiscent of casual staff, migrants, and people from underbanked segments. The corporate leverages synthetic intelligence (AI) and various information sources, reminiscent of social media exercise, smartphone utilization, and get in touch with networks, to foretell credit score dangers. It makes use of over 170 parameters and 1,000 information factors to evaluate creditworthiness, and it claims to ship higher outcomes in comparison with conventional credit score bureaus.
Findo’s know-how is especially related in areas the place a big portion of the inhabitants stays unbanked or has restricted entry to formal monetary providers.
Featured picture credit score: edited from freepik
