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The Founder's Handbook

The Full List of 7 Small and Medium Businesses Unicorn Startups (2026)

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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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OfBusiness 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)
HeadquartersGurgaon, Haryana, India
Year Founded2015
FoundersAsish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan, Vasant Sridhar
Funding Amount$989.8M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusVenture Round
Top InvestorsTitan 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)
HeadquartersNew York, New York, United States
Year Founded2018
FoundersBrett Shaheen, Laura Bagnoli, Leann Arkema, Matt A. Murphy, Susan Leonelli
Funding Amount$315M
Company SizeMid-Size Team (51-250)
Last Funding StatusSeries C
Top InvestorsRiverPark 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)
HeadquartersCuritiba, Parana, Brazil
Year Founded2015
FoundersTiago Dalvi
Funding Amount$322.5M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsEndeavor 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)
HeadquartersJakarta, Jakarta Raya, Indonesia
Year Founded2014
FoundersBo Chen, Moses Lo, Tessa Wijaya
Funding Amount$534.7M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries D
Top InvestorsCoatue, 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
HeadquartersMexico City, Distrito Federal, Mexico
Year Founded2020
FoundersArjun Sethi, Eder Echeverria, Fernando Sandoval, René Saul
Funding Amount$471.1M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries C
Top InvestorsTribe 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)
HeadquartersToronto, Ontario, Canada
Year Founded2003
FoundersLevi Cooperman, Michael McDerment
Funding Amount$456.9M
Company SizeLarge Team (251-1,000)
Last Funding StatusSeries E
Top InvestorsJP 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
HeadquartersGuindy, Tamil Nadu, India
Year Founded2015
FoundersArulmany Duraisamy
Funding Amount$353M
Company SizeEnterprise Organization (5,001+)
Last Funding StatusPrivate Equity
Top InvestorsLok Capital, International Finance Corporation, Kedaara Capital, Norwest, Multiples

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