Cornershop (Uber)
US$3Bmarketplace + payments
Santiago · founded 2015
Chile's only widely-acknowledged unicorn exit in the payments-adjacent space; integrated into Uber's payments stack.
Reuters
Latin America · GDP rank #42
Chile
CL · CLP @ 0.0010/USD
A high-banked, card-mature OECD economy where the long-running Transbank acquiring monopoly has been pulled into a four-party model by Ley 21.365 and successive TDLC resolutions. Interchange caps set by the statutory Comité para la Fijación de Límites are now binding (debit 0.30%, credit 0.80%, prepaid 0.50%); the Comisión para el Mercado Financiero (CMF) is licensing the first wave of fintechs under the 2023 Ley Fintec. Cuenta RUT (BancoEstado) gives Chile near-universal account coverage; MACH (BCI) and Mercado Pago lead the wallet race. There is no domestic instant rail at Pix or UPI scale.
Tab 07
Fintech & disruption
Latin America's most institutionalised but smallest-by-volume fintech market on the Pacific Alliance. The Ley Fintec licensing regime (in force since 2023) replaced regulatory ambiguity with a formal CMF authorisation track, which has slowed retail-wallet growth versus Brazil and Mexico but stabilised institutional capital. The dominant players are bank-affiliated (MACH/BCI, Tenpo/Credicorp) or marketplace-affiliated (Mercado Pago); pure-play unicorns remain scarce.
Fintech funding · LTM
US$140M▼ −24% vs Apr 2024–Mar 2025
USD · Apr 2025–Mar 2026
Largest unicorn
US$3B
Cornershop (Uber)
Unicorns
NotCo (NotPayments arm)
US$1.5Bconsumer brand + embedded payments
Santiago · founded 2015
Foodtech-led but operates embedded-payments stack across Latin America.
NotCo
Khipu
n/dpayment initiation / open finance
Santiago · founded 2013
Early payment-initiation pioneer; first wave Ley Fintec licensee for PIS.
Khipu
Funding
Largest disclosed rounds · LTM
Rounds shown are the largest disclosed in the last twelve months. Private markets remain opaque — valuations at follow-on are the most reliable signal of investor conviction.
Round size
- TenpoUS$40M
parent capital injection · 2025-09-15
- FintocUS$22M
Series A · 2025-06-12
Emerging categories
Payment-initiation services under Ley Fintec
emerging- Khipu
- Fintoc
- ETPay
- Kushki
Ley 21.521 (Ley Fintec) creates statutory PIS authorisation; commercial scale waits on Sistema de Finanzas Abiertas go-live in 2026 H2.
Acquiring under four-party model
scaling- Transbank
- Getnet (Santander)
- Klap
- Mercado Pago
- BCI Pagos
- Banco de Chile Pagos
TDLC Resolución 86/2025 confirms two-stage tariff scheme; FNE January 2026 finding moved Transbank to deregulated stage.
Regulated crypto / stablecoin
regulated- Buda.com
- Orionx
- Bitso Chile
Ley Fintec brought crypto-asset platforms into CMF supervision; first authorisations expected 2026 H1.
- ▌Falabella (CMR Puntos + Banco Falabella retail-card stack)
- ▌Cencosud (Cencosud Pay + Scotiabank issued cards)
- ▌Walmart Chile + Lider Pay wallet
- ▌Mercado Libre + Mercado Pago + Mercado Crédito Chile
- ▌Uber + Cornershop + Uber Wallet