Startups serving small and medium businesses have grown into major companies worldwide. Many of these new ventures focus on providing financial technology to help these businesses operate.
For instance, India's OfBusiness, a platform for raw material procurement, leads this space with a $5 billion valuation. Brazil's e-commerce enabler Olist has also grown substantially, reaching a $2 billion valuation.
Below is the full list of 7 Small and Medium Businesses unicorn startups at this time.
Top 7 Most Valuable Small and Medium Businesses Unicorns
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2,189 Accelerators & Incubators
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1,600+ Unicorns
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250 BioTech & Health Investors
List of startup investors in the BioTech, Health, and Medicine industries, along with their Twitter, LinkedIn, and email addresses.
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250 AI Investors
List of 250 startup investors in the AI and Machine Learning industries, along with their Twitter, LinkedIn, and email addresses.
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250 Fintech Investors
List of 250 startup investors in the FinTech and Finance industries, along with their Twitter, LinkedIn, and email addresses.
Get the Sheet for $50OfBusiness operates a tech platform designed to help small and medium-sized businesses in India manage raw material procurement and secure financing. Their service combines a B2B marketplace for industrial goods and building materials with a suite of specialized lending products.
| Valuation | $5B (Joined July 2021) |
| Headquarters | Gurgaon, Haryana, India |
| Year Founded | 2015 |
| Founders | Asish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan, Vasant Sridhar |
| Funding Amount | $989.8M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Venture Round |
| Top Investors | Titan Capital, Alpha Wave Global, Z47, Norwest, Tiger Global Management |
Redesign Health functions as a venture creation platform dedicated to building new companies in the healthcare space. They equip founders with the technology, tools, and insights required to launch and scale businesses that tackle significant industry challenges.
| Valuation | $2B (Joined September 2022) |
| Headquarters | New York, New York, United States |
| Year Founded | 2018 |
| Founders | Brett Shaheen, Laura Bagnoli, Leann Arkema, Matt A. Murphy, Susan Leonelli |
| Funding Amount | $315M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | RiverPark Ventures, General Catalyst, Samsung NEXT, Declaration Partners, Blisce |
Olist operates a commerce ecosystem that helps small and medium-sized businesses sell their products on major online marketplaces. The platform provides merchants with a suite of solutions that includes integrated logistics and capital services.
| Valuation | $2B (Joined December 2021) |
| Headquarters | Curitiba, Parana, Brazil |
| Year Founded | 2015 |
| Founders | Tiago Dalvi |
| Funding Amount | $322.5M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Endeavor Catalyst, 500 Global, Goldman Sachs, Bossa Invest, Wellington Management |
Xendit builds digital payment infrastructure for businesses in Southeast Asia. Their platform allows companies of all sizes, from new startups to large enterprises, to accept and send payments through a single integration.
| Valuation | $1B (Joined September 2021) |
| Headquarters | Jakarta, Jakarta Raya, Indonesia |
| Year Founded | 2014 |
| Founders | Bo Chen, Moses Lo, Tessa Wijaya |
| Funding Amount | $534.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Coatue, Y Combinator, Accel, Insight Partners, Kleiner Perkins |
Kapital created a comprehensive financial platform that gives businesses in Latin America control over their spending with corporate cards and credit lines. Their platform integrates banking services with expense management software, helping companies streamline their financial operations.
| Valuation | $1B |
| Headquarters | Mexico City, Distrito Federal, Mexico |
| Year Founded | 2020 |
| Founders | Arjun Sethi, Eder Echeverria, Fernando Sandoval, René Saul |
| Funding Amount | $471.1M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Tribe Capital, Cervin Ventures, Y Combinator, Alumni Ventures, Pioneer Fund |
FreshBooks builds cloud-based accounting software tailored for small businesses and self-employed professionals. Their platform helps users manage invoicing, track expenses, and accept payments through an intuitive interface.
| Valuation | $1B (Joined August 2021) |
| Headquarters | Toronto, Ontario, Canada |
| Year Founded | 2003 |
| Founders | Levi Cooperman, Michael McDerment |
| Funding Amount | $456.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | JP Morgan, JP Morgan Chase, Gaingels, Northleaf Capital Partners, Georgian |
Veritas Finance specializes in providing loans to micro, small, and medium-sized businesses. Their focus is on serving entrepreneurs often overlooked by traditional banks, helping them secure capital to grow.
| Valuation | $1B |
| Headquarters | Guindy, Tamil Nadu, India |
| Year Founded | 2015 |
| Founders | Arulmany Duraisamy |
| Funding Amount | $353M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Lok Capital, International Finance Corporation, Kedaara Capital, Norwest, Multiples |