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Latin American Economy & Business - June 2019

ARGENTINA: Argentina produces another unicorn, despite it all

In May, Auth0, a provider of identity authentication software, became the latest unicorn in Latin America, surpassing the US$1bn valuation. The feat also broke a long, dry spell in Argentina. Between 1999 and 2006, four start-ups were founded in the country that would go on to become the region’s first unicorns: travel broker Despegar, software developer Globant, e-commerce platform MercadoLibre, and online marketplace OLX. Then nothing – until Auth0.

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