The Brazilian startups valued at more than $1 billion, according to Flourish are: 99, Ebanx, PagSeguro, Wildlife, Nubank, Loft, Arco Educação, VTEX, Stone, Creditas, iFood, C6 Bank, Loggi, MadeiraMadeira, Gympass, Hotmart, Ascenty, unico, Quinto Andar and Nuvemshop.

What is a unicorn startup?

A unicorn startup is a private company with a market value of $1 billion or more, even before carrying out an IPO (Initial Public Offering), according to Fábio Rodrigues Póvoa, from Smart Money Ventures. Innovation is the main trait of unicorn startups.

?It is rare for a small business to grow to be worth $1 billion. ? We call [the company that reaches that mark] a unicorn, comparing it to the rare, mythical creature who has just been born and is already worth a great deal,? said Rodrigues.

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