São Paulo has everything that a vibrant startup ecosystem need, highly skilled workforce, diversity of its industries, public and private partners deeply engaged to create a global leader community.
São Paulo is the financial center of Brazil, hosting approximately one-third of the country’s banks and accounting for one-third of credit transactions. It is also home to one of the five largest stock exchanges in the world, BM&FBovespa. Brazil’s Fintech market is projected to generate potential revenue up to $24 billion over the next 10 years. Nubank, a digital bank and credit card operator, raised $150 million and became a unicorn in March 2018. StoneCo Ltd, a credit card processing firm, raised $1.1 billion in an IPO in October 2018.
Brazil is the largest healthcare market in Latin America and the world’s seventh-largest health market with more than $42 billion spent annually on private healthcare. The city also hosts Hospitalar, one of the largest Healthcare trade shows in the world attended by more than 85,000 professionals from more than 50 countries. Memed, a provider of an online platform for e-prescription service, raised a $3 million Series A round in a deal led by Redpoint eventures.
Why you should invest in São Paulo
Reasons to move your startup to São Paulo
Reduced tax burden
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