Argentina is a country of entrepreneurs; Buenos Aires, its capital, is full of life and charm. This colourful city continues to be seductive and remains safe and ever interesting with her distinct neighbourhoods – an amalgamation of European grace and South American exuberance. All these conditions explain why the city boasts the largest number of startups in Argentina that amounted to 248 by 2020 as stated by Statista.

Is Buenos Aires Good for Startups?

Buenos Aires is the largest startup hub in Argentina. The fintech ecosystem in this region has emerged with Buenos Aires being one of its key centres giving rise to unicorns such as Ualá. However, there are some challenges facing entrepreneurs due to economic instability primarily. Notably, however, Argentina’s GDP grew significantly posting increases of 10.4% in 2021 ad 5.2% in 2022. Nonetheless inflation had increased beyond 100% annually by February 2023 according to the World Bank.

10 Startups Worth Watching in Buenos Aires

This selection of start-ups typifies how this fast-paced city pushes boundaries in various industries contributing to an engaged ecosystem that continues to expand. From Ualá’s revolutionary approach to personal finance management to Boostribe’s innovative team collaboration tools, these ten startups are set to redefine the future of startups in Buenos Aires, 2024 and beyond.

1.Uala

Uala is a mobile app for personal financial management that disrupts traditional approaches thanks to becoming a unicorn fintech platform since it was acquired by Ualá with their innovative mobile apps that change how people manage their private finances.

2. Pomelo

Pomelo was founded in 2021 and currently has around 300 employees and specialises in building technological infrastructures for fintechs and financial service providers by providing advanced development tools, web solutions, and data storage technologies. Pomelo helps to develop the growth and efficiency of both startup firms and traditional financial entities.

Funding: With $60m raised till date, the company aims to expand in Mexico, Peru, Colombia while strengthening its business in Argentina and Brazil.

3. Karvi

Karvi began in 2017 and now has roughly 70 employees. Headquartered in Buenos Aires, Karvi is a digital platform that brings together car buyers to dealerships. It makes purchasing a car simple for people by removing intermediaries.

Presence: Partnership with 150 dealers in Argentina and over 1k in Brazil has significantly improved Karvi’s market reach as well as influence.

4. Sprout HR

Sprout HR is an inventive start-up of human resource technology providing cutting-edge HR solutions to make manpower administration easier. It has come up with recruitment tools, engaged employee software and other insights aimed at efficient workforce management by corporates.

5. Henry

The notion behind Henry’s online educational platform is to provide equal access to technological careers. Founded only a few years ago, in 2020, the company now has around 110 employees. Students pay only when they get jobs for their education through this model curated by the platform. This implies that learning technical subjects is being made easier so that there are no conflicts between a school and those who learn there over personal matters like money or grades.

6. Osana Salud

Osana is a healthcare startup aimed at improving accessibility of medical services. Headquartered in Buenos Aires, Osana Salud uses technology to offer comprehensive healthcare solutions that are affordable and efficient thereby enhancing user’s overall health experience.

7. Workana

Workana, a dynamic site that links freelancers with businesses for diverse projects is presented here. It is an open marketplace where businesses can find expert freelancers to handle matters such as web development and graphics design, so that project timelines can be flexible and productive

8. VU Security

VU Security is a top cyber security company that provides first-class protection for companies from internet predators. They offer a wide range of products such as ID authentication, fraud prevention and controlled access management that ensure ultimate defence for their customers.

9. Test Gorilla

Test Gorilla is a platform that streamlines the hiring process via pre-employment testing. Through its numerous assessments, Test Gorilla assists employers in quickly identifying the best-fitting candidates thus ensuring evidence-based hiring choices.

10. Boostribe

Boostribe, on the other hand, is about enhancing team productivity and unity through collaboration. These tools help in communication during projects and allow organisations to collaborate effectively and manage accordingly while saving more time than before in reaching organisational goals.