Endeavor Catalyst

Endeavor Catalyst, established in 2012, is a venture capital arm of Endeavor Global, a non-profit supporting entrepreneurs in developing countries. Based in New York with global offices, Catalyst invests in early to growth-stage companies across sectors such as agriculture, education, enterprise software, fintech, healthcare, and smart cities. Focusing on Latin America, the Middle East, Africa, and Southeast Asia, Catalyst targets companies with revenues between $0.5 million and $15 million, aiming to take up to a 10% stake. It co-invests in financing rounds of $5 million or more, with a portfolio comprising over 200 companies across 32 markets, including several unicorns. Catalyst's unique model aligns with Endeavor's mission, providing a platform for high-impact entrepreneurs to scale and create jobs.

Jackie Carmel

Managing Director

Emre Kurttepeli

President

Past deals in Uruguay

Scanntech

Venture Round in 2023
Scanntech is a company based in Montevideo, Uruguay, that specializes in providing point-of-sale software and retail analytics solutions for independent supermarkets and fast-moving consumer goods (FMCG) suppliers. Founded in 1992, Scanntech's platform enables retail clients to efficiently process transactions, manage inventory, and access financial services. The software includes features for managing top-ups, ticket waiting functions, and comprehensive reporting, all aimed at enhancing the sales volume and quality for its users. Through its innovative technology, Scanntech supports supermarkets in optimizing their operations and improving customer experiences.

Bankingly

Series A in 2018
Bankingly is a fintech company founded in 2015 and based in Montevideo, Uruguay, dedicated to enhancing digital banking services for financial institutions in emerging markets. The company offers a software as a service (SaaS) platform that enables its clients to promote digital channels, thereby fostering financial inclusion for millions of people. Bankingly's cloud-hosted technologies allow financial institutions to manage their products, facilitate digital transactions, and engage with customers through a mobile application, transactional website, and chatbot, among other tools. With a focus on affordability, the pricing model is based on the number of active users, helping clients align costs with benefits. The company prioritizes a streamlined implementation process while maintaining high standards of functionality and cybersecurity. Currently, Bankingly's technology supports over 1.5 million users across more than 100 financial entities.

Scanntech

Series B in 2014
Scanntech is a company based in Montevideo, Uruguay, that specializes in providing point-of-sale software and retail analytics solutions for independent supermarkets and fast-moving consumer goods (FMCG) suppliers. Founded in 1992, Scanntech's platform enables retail clients to efficiently process transactions, manage inventory, and access financial services. The software includes features for managing top-ups, ticket waiting functions, and comprehensive reporting, all aimed at enhancing the sales volume and quality for its users. Through its innovative technology, Scanntech supports supermarkets in optimizing their operations and improving customer experiences.

DLocal

DLocal is a payment technology company based in Montevideo, Uruguay, founded in 2016. It operates a platform designed to facilitate online payments in emerging markets, focusing on bridging the gap between global enterprises and consumers in these regions. With over 900 payment methods available in more than 40 countries, DLocal allows merchants to accept local payment options and manage cross-border fund settlements efficiently. The company aims to enhance the online payment experience by simplifying complex processes, thereby enabling global merchants to reach billions of underserved consumers in high-growth markets across Africa, Asia, and Latin America. DLocal generates revenue through fees charged for its payment processing services related to both local and cross-border transactions, with a significant portion of its income coming from Brazil.
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