Between 2019 and 2022, a Colombian and an Argentinian company ranked at the top of the list of fastest growing businesses in Latin America. Simetrik, a software developer for data analysis, and Saphirus, an Argentinian air freshener products manufacturer, registered a compound annual revenue growth in that period of 135.39 and 125.85 percent, respectively. Out of the ten Latin American companies with the highest CAGR in those years, two were headquartered in Brazil.
Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth
including only companies headquartered in Latin American countries*
Supplementary notes
* To be included in the list of the Americas’ fastest-growing companies, a company had to meet the following criteria:
• Revenue of at least $100,000 generated in 2017 (or currency value equivalent according to the average of the actual fiscal year).
• Revenue of at least $1.5m generated in 2020 (or currency value equivalent according to the average of the actual fiscal year).
• An independent entity (not a subsidiary or branch office of any kind).
• Revenue growth between 2017 and 2020 that was primarily organic (i.e. "internally" stimulated)
• Headquartered in one of 20 American countries.
Additional information about the methodology can be found in the last section of the article.
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Financial Times. (April 4, 2024). Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/
Financial Times. "Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth." Chart. April 4, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/
Financial Times. (2024). Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/
Financial Times. "Fastest Growing Companies in Latin America between 2019 and 2022, Based on Compound Annual Revenue Growth." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/
Financial Times, Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth Statista, https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/ (last visited December 22, 2024)
Fastest growing companies in Latin America between 2019 and 2022, based on compound annual revenue growth [Graph], Financial Times, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1112886/fastest-growing-companies-latin-america/
