Innovation
February 3, 2022 - 2 min

The Boom in Chilean Startups

Six of the fifteen most prominent startups in Latin America are Chilean

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Brixton Venture Lab, a Mexican company that designs customized solutions for startups, corporations, and international cooperation programs, has compiled a list of the top 15 Latin American startups to watch in 2022. Chile has a strong presence on the list, with six startups, reflecting the current boom in entrepreneurship in Chile. Here they are:

Betterfly: This startup has just achieved unicorn status. Its mission is to help people achieve personal well-being. It has developed a health and wellness platform and a dynamic life insurance product. It has nearly reached 1 million customers, partners with more than 2,500 companies, and has acquired six companies.

Migrante: Its mission is to help immigrants gain better opportunities for integration and development by providing loans and financial education. To date, it has provided US$19 million to more than 9,000 migrants in Chile and has begun expanding throughout Latin America. It is supported by FYNSA.

Xepelin: This startup aims to become the digital bank for small and medium-sized enterprises in Latin America. In less than three years, it has already worked with 7,000 companies and lent more than US$700 million to SMEs in Mexico and Chile. If they execute well, they’ll be able to compete at the highest level, according to the folks at Brixton.

Fintual: The Chilean fintech company counts Sequoia, one of the world’s leading venture capital firms, among its shareholders. After receiving a US$39 million investment in its Series B round, the Fintual team will strengthen its operations in both Mexico and Chile.

Examedi: This startup developed a web app aimed at clinical laboratories where patients can schedule at-home medical sample collection—something like the “Rappi” of medical labs, says Brixton. The company plans to expand into Mexico, where it also plans to launch a prescription drug delivery service.

Reversso: Its focus is on solving reverse logistics problems (exchanges and returns) for e-commerce businesses. By integrating its platform, customers can manage the entire process on their own through the brand’s website. The company plans to reach 100 clients and expand its operations in Chile, Mexico, and Colombia.

To see the complete list of startups, click here: https://www.brixtonventures.com/post/top-15-startups-en-2022