Top 20 Retail Startup Investors in Uruguay (October 2026)

Portfolio highlights

• Trinio — Creating new experiences and technologies that empower merchants to build better and lasting relationship directly with their clients
• Bull — Bull is a modular credit platform that turns customers into revenue through fast, secure Workers' Loans.
• aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.

Portfolio highlights

• Akua — Akua is an acquiring-as-a-service platform that offers scalable, secure, and efficient payment processing solutions for Latin America. Our platform leverages advanced technology to provide superior transaction processing, fraud prevention, and comprehensive regional integration. Problem Latin America's acquiring card payment markets aredominated by a few incumbents using outdated systems, hindering the adoption of new payment technologies and increasing fraud risks.
• Data4Sales — We help eCommerce stores to understand their most valuable customers. Our A.I. recommends actionable insights that help you treat customers differently on every channel, improving retention, acquisition and developing customer value.Create a passionate, committed customer base that will spread the word of your eCommerce store attributes topotential new customers. As a result, we help you make far more money from your most valuable customers, who will buy from you more often and spend more when purchasing from you.
• Polyhedra Network — Trust, safety, and data protection at the core of every decision.

Portfolio highlights

• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.
• FLOKI Technologies — 1,536 Followers, 1,821 Following, 136 Posts - See Instagram photos and videos from FLOKI Compras (@floki_compras)

Portfolio highlights

• Vopero — Vopero is an operator of an online retail firm to re-circulate fashion. It works on a circular garment rotation system and allows customers to buy and sell unique fashion, sustainably at prices cheaper than stores.

Portfolio highlights

• JULO — JULO provides affordable unsecured personal loan (KTA) exclusively to smartphone users.They strive to provide low cost loan product to the masses while ensuring that it's economically viable to their lender partners. This is achieved by exercising prudent underwriting assessments to ensure that approved applicants are both able and willing topay back.They also reward positive behavior by giving cashback bonus and allowing good customers to borrow a higher amount at lower interest rate at loan maturity.
• Jem — We give employers the ability to send company-wide communications, deliver payslips, manage leave & give employees access to their earnings, via WhatsApp.
• International Payments Identity — iPiD provides a single global API for real-time payee validation, reducing fraud and ensuring seamless payments across borders. Discover our KYP solutions today.

Portfolio highlights

• Sofi — Over-indebtedness is a problem that is often seen as a dead end. This perspective can generate a mental state of irritability, stress, sadness, anxiety and even diseases such as depression. These problems can happen to over 75% of Brazilian families that are in debt, where a third of them cannot pay their bills on time. This is a global socialproblem with a total market of over USD 1.5 trillion. hiSofi was born from the desire to transform this reality by uniting technology, user experience and user interface, content, growth hacking, data science and storytelling with the purpose of transforming and curing people’s lives by fostering healthier financial solutions through education and financial reinclusion. We are a fintech that brings the accounts recovery & management (ARM) industry to the digital era.
• Conic — Conic AI Employee Onboarding is an AI-powered platform designed to streamline employee onboarding and training for companies of all sizes. By leveraging conversational AI, Conic automates onboarding processes, answers employee questions, delivers interactive training materials, and provides performance analytics to enhance knowledge retention.
• StyleDesigner — StylesDesigner is an AI-powered app that transforms fashion shopping with personalized cross-brand recommendations. It understands users' tastes to suggest tailored outfits, making shopping efficient and enjoyable. It caters to online shoppers, budget-conscious individuals, and those seeking unique styles. Key features include AIrecommendations, outfit completion and generation, multimodal-based search, and support for small brands, ensuring an inclusive and innovative shopping experience

Portfolio highlights

• Forage — Forage is a third-party payment processor (TPP) and a pin provider that authenticates and processes EBT recipients and transactions. Forage makes it easier for grocers to accept SNAP EBT payments online. Forage guides merchants through the USDA application process and tech integration for merchants, taking most of the burden off retailers.Foragedemocratizes access to government benefits and helps underserved Americans easily access their benefits online. Forage works with multiple grocers and platforms such as Shopify and Flashfood to accept SNAP EBT payments online.
• Alinia AI — Alinia translates legal controls into automated, real-time supervision and enforcement, so AI agents do not cross red lines.
• Transparency Analytics — Transparency Analytics is a company that offers banking and financial services.

Portfolio highlights

• Conta Simples — Conta Simples is the all-in-one finance plataform. The union of checking account, expense management software and corporate cards in one place. We bring peace to finance teams and entrepreneurs. Control, visibility, autonomy and decentralization of payments for SMBs in Latam.
• MRP — MRP is a healthcare technology and marketplace platform helping aesthetic providers buy, sell, finance, service, and scale with new and pre-owned medical devices.
• Pluto Financial Technologies — Pluto unlocks liquidity for investors in alternative assets. Access a non-recourse credit line without selling your portfolio.

Portfolio highlights

• Kalto — Kalto is a B2B payment company that focuses on helping small and medium-sized businesses (SMBs) grow by providing software solutions to unlock their cash flow and manage their payments. Kalto helps businesses to streamline their payment processes, reduce administrative costs, and optimize their cash flow management. The company was founded in2022 and is based in Mexico.
• Monzo — Spend, save and manage your money, all in one place. Open a full UK bank account from your phone, for free.
• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.

Portfolio highlights

• Olist — Olist is an SMB commerce enabler ecosystem that specializes in the fields of logistics and capital. Commerce has changed and platforms like shopify, amazon, meli, alibaba and their peers are more and more relevant to our economy throughout the globe. This movement triggered a new generation of enablers to support small businesses navigate in suchrich and fragmented ecosystem. Olist is leading the way as the #1 commerce enabler for SMBs in Brazil, now expanding globally.The company started with a single core connecting merchants to marketplaces and evolved to a complete ecosystem of integrated products in 3 dimensions. (1) Commerce: (a) Olist Store is the leading solution to sell on marketplaces; (b) Olist Shops is our ecommerce solution, mobile first, natively connected to social media, present in 180 countries. (2) Logistics: Olist Pax is a leading cloud based logistics and fulfillment network provider operating in Brazil. (3) Capital: Olist Credit and Olist Pay.
• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.
• Caffeex — Caffeex is the first independent coffee trading platform designed by traders and for traders with the goal of improving the quality and efficiency in the over the counter trading of the green physical coffee.

Portfolio highlights

• MiChamba — MiChamba is a Software Development firm offering an AI based personal assistant for automation
• aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
• Ginia — Ginia is an edtech company that connects companies, educational institutions and students to enhance employability.

Portfolio highlights

• Kontempo — Kontempo is the leading B2B payments platform built and designed specifically for the industrial sector in Mexico. Our software allows wholesalers, manufacturers and distributors to offer flexible payment terms, including credit and installment pricing, to their customers in a fast, user friendly way. Powered by our advanced API's andAI-driven risk models, we help your business process more credit for more clients, without absorbing additional financial risk and without the need for additional capital.
• aviva — Aviva is building an AI-powered digital bank for Latin America’s underserved communities. While determined to fuel Latin America’s ongoing emergence of a new middle class with a fully-fledged portfolio of inclusive financial services, Aviva’s initial go-to-market concentrates on unsecured credit products for individuals and nano-businesses inMexico.As most of the underbanked 40+ million Mexicans live in small and medium-sized towns, Aviva builds a bridge to those living in remote communities with its physical onboarding kiosks. These nano-branches provide a documentless 3-minute video onboarding for everyone in need of liquidity. Novel AI-based technology, including natural language processing, allows Aviva to match customers’ spoken word to the fields of a comprehensive real-time credit application. Transforming speech to text and inferring emotions and personality from the visual layer of the application video gives Aviva an edge in scoring thin-file customers. Leveraging these novel risk models, Aviva aims to provide the lowest interest rates available to today’s underserved.
• Reuse — Reuse is an end-to-end online marketplace for buying and selling refurbished electronics in LATAM.

Portfolio highlights

• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.

Portfolio highlights

• VerSe Innovation — VerSe Innovation is a local language technology company that develops a discovery platform to consume and socialize with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalized content and notifications.
• TON Strategy Company — VERB Technology Company is a software-as-a-Service, or SaaS, applications platform developer. Its platform is comprised of sales enablement business software products marketed on a subscription basis. The applications are available in both mobile and desktop versions. It includes verbCRM, Customer Relationship Management application, verbLEARN,Learning Management System application, and verbLIVE, its Live Broadcast Video Webinar application.
• Montage Hotels & Resorts — Montage Hotels & Resorts, a hotel management company, consists of a collection of luxury hotels, resorts and residences that are perfect for vacations. Take advantage of both world class service and accommodations at each location.

Portfolio highlights

• Dataroid — Enterprise-level digital analytics and customer engagement platform that helps enhance every customer interaction with data-driven insights.
• Pagaleve — pagaleve offers payment in installments at PIX, with no interest and no credit card required. They provide merchants with a new payment method in order to increase their sales in a simple, uncomplicated, and agile manner, but they also want to provide people with the opportunity to buy what they want without committing to the card'shigh-interest rates and credit.
• Scanntech — Scanntech is a data intelligence technology firm that provides point-of-sale software to retail stores.

Portfolio highlights

• eComID — H&M-backed eComID is building the AI infrastructure to democratize personalization in commerce.
• Fleek — Fleek is a B2B Wholesale Marketplace for second-hand fashion. Our buyers are vintage stores and online resellers; our suppliers are used clothing wholesalers, rag-houses, and donation centres.
• District — District is a commerce platform where anyone can create and grow their own brand. District allows anyone to develop personalized retail experiences, such as live selling and auctions, marketplaces, and paid communities, without the need for coding or engineering.

Portfolio highlights

• Vopero — Vopero is an operator of an online retail firm to re-circulate fashion. It works on a circular garment rotation system and allows customers to buy and sell unique fashion, sustainably at prices cheaper than stores.

Portfolio highlights

• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.

Portfolio highlights

• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.

Portfolio highlights

• nocnoc — Start selling in Argentina, Brazil, Mexico & LATAM marketplaces with one integration. nocnoc handles compliance, logistics, payments & operations.
• befit — Our goal is to inspire people to have a healthier life&style. We understood we could do it democratizing access to quality workout content. We structured befit’s streaming on-demand platform with exclusive content classified across different categories such as yoga, pilates, functional, dancing, barre, and abs, among others. Sessions have beenrun by well-regarded Latin American trainers with users being able to narrow and filter workout sessions by intensity level, time duration, coach preference, and equipment needed. By offering a diverse set of workouts, users’ are able to personalize their exercise routines as they move towards their respective fitness goals.