Kavak (already listed)
MexicoE-commerceFounded 2016
Kavak is a technology-driven e-commerce platform that formalizes the fragmented pre-owned car market by buying, financing, managing, and selling certified vehicles. The company operates through an online platform, mobile app, and physical stores, offering a wide catalog of guaranteed cars along with after-sales services and financing options to mitigate risks and fraud. Founded in Mexico in 2014, Kavak has expanded internationally to include Brazil, Argentina, Turkey, Chile, Colombia, and Peru, becoming Mexico's first unicorn with a valuation of $1 billion in 2020. The startup leverages data and innovation to correct vulnerabilities in the used-car industry, supported by significant infrastructure such as the largest reconditioning center in Latin America in São Paulo.