In its last round of investment, Ebanx achieved unicorn status in Brazil and is the first Curitiba-based company to achieve this status.
The new investment round of this Brazilian startup placed the company’s valuation above one billion dollars. With this, Ebanx became what Silicon Valley calls it “unicorn,” technology-based companies that reach a market value of over one billion dollars.
Ebanx is a payment company that has helped international companies to establish themselves in Brazil and other parts of Latin America. The company announced the news after a successful round of investment, although the values contributed were not disclosed.
Ebanx has managed to grow in Brazil, a market that has recently witnessed how foreign companies offer services to facilitate payments to Brazilian users, such as the Chinese e-commerce sites Wish and AliExpress. Also, service companies such as Airbnb, Uber, and Spotify are in the ecosystem.
Since 2016, Ebanx began an expansion process outside the Brazilian borders. Currently, the new unicorn operates in countries such as Argentina, Chile, Colombia, Mexico, among others. In total, more than a thousand international sites have managed to expand in Latin America thanks to the services offered by Ebanx in electronic payments.
In Brazil, there are other unicorns, among which are PagSeguro from UOL, a startup that has already appeared on the New York Stock Exchange. The taxi service company 99 also reached a value of one billion dollars in January 2018, followed by the online bank Nubank, which joined the list of Brazilian companies in March last year. At the end of 2018, companies such as Movile and iFood also claimed to have surpassed the brand.
Nubank has been one of the fastest-growing Brazilian companies, to the point of already being considered a “Decacorn”. The market value of Nubank already exceeds ten billion dollars, ten times the amount of a unicorn.