Brazil has a very exciting startup climate at the moment. Right through from Agrotechs to Fintechs to Consumertechs to Foodtechs. Essentially Brazil is a micro business or multinational company divided market. So the opportunities for Brazil startups are immense in this highly fragmented market.

Top Brazil startups are listed below:

• Nubank – online bank – fintech
• iFoods – food order and delivery service – foodtech
• Ebanx – payment systems – fintech
• Loggi – logistics and parcel delivery – logitech
• Solinftec – crop and farm management – aggrotech

Most brazil startups in the local ecosystem struggle with the 3 main aspects below:

• User interaction
• User signup cost
• Financing

Starting up in Brazil can also be daunting. Opening a business in Brazil can take anywhere from 2 months to 6 months. Its also especially important to plan this process properly as for instance you need a fixed address before you can open the company. To rent or purchase a location you need a bank account and references. To import samples or product or invoice you need a CNPJ company tax number which implies having all the other aspects setup. Without a CNPJ you cannot emit invoices for products or services for your startup. You also need personal tax numbers for the partners or investors which is called a CPF. These starting up bureaucracies in Brazil mean you need to hire consultants if you want to streamline your startup.

AA Risk can help you go to the market and analyze your Startup investment or start up in Brazil. Talk to us.