Brazil Witnesses a Significant Increase in Tech Startups, States Bras Research in Its New Report Now Available at MarketPublishers.com27 May 2016 • by Natalie Aster
LONDON – The Brazil economy over the next decade is likely to be one of the 3rd or 4th biggest economies worldwide.
The expanding middle class population and increasing buying power in Brazil in tandem with vastly enhanced Internet access has given a significant boost to the e-commerce sector in the country. Of the 51.5 million consumers who made purchases via Internet in Brazil in 2014, 10 million were buying items online for the first time. Also in 2014, online purchasing in the country surged by 24% as against the year before.
Whilst the primary focus for companies in the technology domain in Brazil remain IT, a host of startups have recently emerged in the country, demonstrating a huge potential for fresh ideas. Brazilian technology startup firms with high growth potential include, NearBytes, Strider, Nubank, PinMyPet, Clickbus, Navita, Telein, U.sit, Wikipass, ZeroPaper, Smart Moving Systems, Ziggo, among others.
Sao Paulo’s financial services company Nubank offers a digital credit card for smartphones and payment activity monitoring. It is the first Brazilian firm to raise funds from well-renowned investment fund Sequoia.
eduK is the country’s major startup in the education field. The company has over 2 million students enrolled in its 600 courses and is currently seeking for expansion across the rest of South America.
New report “Startups Brazil 2015 - Report” elaborated by Bras Research analyses the top 100 startups in Brazil as of 2015. From tech companies to solutions for the farming sector, the study covers the most innovative startup firms from Brazil’s greatest forthcoming entreprenuers. Beginning with an insightful review of Brazilian startups, the report presents a company profile of each startup covering a company overview, major facts and competitive scenario and strategic course. The research report is a must-have for those seeking to understand the new domestic companies’ performance.
More new reports by this publisher are available at Bras Research page.