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The Latino startup scene is experiencing explosive growth, with a wave of innovative companies emerging across a wide range of industries. These startups are not only disrupting established markets but also addressing the specific needs and opportunities of the Latino community. With a deep understanding of the cultural landscape and a commitment to community impact, Latino startups are poised to become major players on the global stage.
Here are five Latino startups to watch in 2024.
1. DolarApp: Fintech in Mexico
DolarApp tackles the financial challenges faced by many Latin Americans in managing their finances and accessing banking services in dollars. Their platform allows users to easily convert between pesos and USDc (a digital dollar), send and receive payments internationally, and earn interest on their savings. DolarApp’s user-friendly approach is making financial inclusion a reality for millions of Latinos.
2. Eureciclo: Recycling and Sustainability in Brazil
Eureciclo is a Brazilian company that is making waste management more efficient and sustainable. They use technology to connect waste generators with recycling cooperatives, creating a more transparent and inclusive recycling system. Eureciclo is not only helping to divert waste from landfills, but also creating economic opportunities for waste pickers, fostering a positive environmental and social impact.
3. Henry: Education Technology in Colombia
Henry is a Colombian EdTech company that is transforming the way people learn to code. They offer intensive bootcamps that equip students with the skills they need to land high-paying jobs in the tech industry. Henry’s focus on practical skills and income-driven education is democratizing access to careers in technology, empowering learners from diverse backgrounds to thrive in the digital economy.
4. Mecanizou: Auto Parts in Brazil
Mecanizou is revolutionizing the auto parts industry in Brazil with data intelligence. Their platform connects repair shops with a network of distributors, ensuring they can find the parts they need quickly and at competitive prices. Mecanizou is also leveraging data to provide insights and analytics to repair shops, helping them to streamline their operations, improve customer service, and stay ahead of the curve in the fast-paced auto parts market.
5. Nowports: Logistics in Chile
Nowports is a Chilean logistics startup that is streamlining the complex process of international trade. Their digital platform connects businesses with shipping lines, customs brokers, and other logistics providers, making it easier and more efficient to import and export goods. Nowports is helping to boost Latin American trade by reducing costs, simplifying the shipping process, and fostering a more connected and competitive global marketplace.
A Hispanic Executive Honorable Mention: InterCambio Express
InterCambio Express is a money transfer service founded in 1998, specializing in sending money from the US to Mexico, Central America, South America, and the Caribbean. They offer competitive exchange rates and low fees, with services available online, through their app, or at agent locations across the US.
Created by and for Latinos, InterCambio founder and president Isaac Torres shares the company’s success and his vision for the future.
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This article was created with assistance from AI.
