14 Paraguayan Startups in 2022 You Should Watch Now

Paraguay ranks 91/131 in the Global Innovation Index (IGI) 2022. If we look at global tech giants like Facebook, Google, Uber or even regional giants like Pedidos Ya or InfoCasas from Uruguay, this number could indicate a Paraguay that is a few steps behind in innovation. That’s why we set out to prove the number wrong and found 14 creative, innovative, scalable, and highly competitive startups.

One of Paraguay’s strengths is that it is safer than its neighboring countries and its tax system has many advantages. Without going into too much detail, Paraguay has a territorial tax system, which means that companies are only taxed on income obtained in the country, with no taxation of income obtained abroad. In addition, dividends distributed by resident companies to their resident partners are exempt from tax provided certain conditions are met. However, there are not all the advantages; the small size of its market makes it more difficult for local startups to develop.

We leave you now with 14 Paraguayan startups that stand out in 2022.

1.Fiweex

Fiweex is one of the largest WiFi marketing networks in the region, with operations in Paraguay, Chile, Argentina and Colombia. Since 2015, they have been developing a network of free access and unique registration for users, now available in +1,500 establishments in LATAM.

Fiweex has created a system where companies can turn their wifi into a marketing tool. This ‘social wifi’ allows the user to connect to the company’s network, filling out a form where they share some of their data and, once inside, the company can offer their products and offers .

With this system, companies offer a service to users at the same time that they can gain followers on their fan page, Instagram and even generate TripAdvisor ratings or visits to your website. When the client returns to the company, he no longer has to fill in the registration form but benefits from a personalized welcome.

With over 15 million registered connections, Fiweex helps companies know, understand and communicate with their customers in a targeted way, generating intelligent segments and communications that help companies sell more, more often and to real customers.

2. TAX!

TAXit! is a fintech company that enables tax processing and payment online, from a web page or via a mobile application. It is the first application in Paraguay to offer this service. It also offers its users information on their tax situation, the digital backup of all their receipts, the possibility of carrying out tax queries, and the advice of tax experts.

David Caballero, Víctor Cálcena, Pablo Santacruz and Carlos Zapata founded the startup in 2013. Five years later, it already had more than 5,000 users and its current challenge is to become an essential tool for large companies.

3. Reva

Reva is an online marketplace for athletes as well as a powerful management system for sports facilities. Founded and managed by Guillermo Arce, the Reva platform allows sports enthusiasts to book their spaces to practice their favorite activity: from tennis and paddle tennis courts to football pitches. Everything is managed through its application, available for Android and IOS.

The platform puts users in direct contact with sports centers and owners of practice areas. This system has advantages for both parties, as it allows centers to reach more customers and fans to access more options and to manage the reservation in a practical and fast way. Users can also buy other sports supplies in the app’s e-commerce.

4. Possible technology

Posibillian Tech is a tech startup that designs social experiences through technology, redefining social entertainment. The company founded and directed by Juan de Urraza works in various branches of the entertainment world, although the most striking thing is that it uses disruptive technology in the field of geolocation, which allows it to add differential value to each of its productions.

One of his latest releases was the game Fhacktions, a location-based multiplayer mobile game set in a cyberpunk future controlled by factions of pirates. It combines location-based games, real-time battles, and RPGs.

Posibillian Tech is a company committed to designing unique social experiences through technology, redefining social entertainment.

5.Tokyo

Toky is a startup founded in 2015 by Óscar Sánchez and Carlos Ruiz Díaz. At the time, the company presented a revolutionary system through which users could receive phone calls simply by sharing a link. This system avoided having to publish his telephone number. Additionally, calls could be made directly from the web.

The start-up was accelerated by Telefónica’s Wayra Mexico and now offers a range of connectivity-related services, allowing companies to manage calls as if they had their own call center.

Toky is a cloud phone system for startups and businesses of all sizes. It allows any business to set up a call center in minutes, even with a single agent. Toky offers its customers to call for free with just one click on their website and answer calls from computers or smartphones.

6. Increase

Aumenta is a startup specializing in the development of augmented reality applications and solutions. This feature adds extra value with videos, audio, images and animations, encouraging interaction and driving more traffic for its customers. Aumenta’s clients range from communications, educational, institutional, and anyone looking to establish dynamic communication with their users.

The startup is the brainchild of young entrepreneurs Aldo Orué and Hugo Acuña, and has received several awards such as the Startup Innovando Award 2016.

7. Goiko

Goiko is an online loan search engine that connects users directly to financial institutions. This fintech is the brainchild of entrepreneur Luis Urrutia, current CEO of the company. It is a free service for users and easy to access as loans can be accessed from the web or mobile app. Goiko provides financial and educational information that allows users to compare each loan so they can choose the best one for them. It also guarantees its customers the confidentiality of their data.

In 2019, the startup won the Outstanding MSME of the Year award at the II National MSME System Forum. It is free and available to users around the clock, bringing financial institutions to a much wider audience with fair prices.

8. Monchis

Monchis is a delivery app that works with both local businesses and franchises like Pizza Hut. Companies can offer their products through this application, which has more than 70,000 customers throughout Paraguay.

Monchis does not charge companies to be part of its catalog, but only takes a commission on each sale. In this way, it was able to grow to offer, through its application, more than 10,000 dishes including all types of food.

The company has been able to replicate a model that has worked for years in other European and American markets. A strategy rewarded by the Ecommerce Award 2019.

9. VUM

MUV is a mobility technology startup, similar to Uber or Cabify. The company was founded by Sergio Mura, led by a group of young Paraguayan entrepreneurs, and is owned by Click SA, a company founded with Paraguayan capital.

MUV’s goal is to help cities become smarter, more inclusive and with more transparent spaces. It is therefore committed to promoting this ecological mobility alternative, putting users in contact with private drivers who wish to earn additional one-time income.

The company launched a new version of its app last year, designed to meet the demands and needs of its more than 400,000 users and 6,000 drivers. The company’s next goal is to internationalize the service.

ten . Abitapp

Abitapp is software designed for building management and administration. Its main objective is to make life easier for owners and occupants through mechanisms of transparency, communication and conflict resolution.

Through a mobile application, users can access accounting, administration, make payments, reserve common areas, send requests, receive notifications from the administration, consult the rules of procedure and vote.

The startup is the brainchild of entrepreneur Alessandra Vallese and has so far raised $10,000 in a closed funding round through the Crunchbase platform.

11. Parkea

Parkea is an application created by Pablo Callizo, Rodrigo Parra and Rocío Parra that allows drivers to reserve a parking space in the city. This solution helps citizens and contributes to reducing CO2 emissions while making urban traffic more fluid.

Their system connects parking space owners looking to make money with drivers looking to save money, time and effort when parking in public spaces and parking zones. high demand parking.

12. Colega

Colega is a mobile communication tool focused on schools, teachers, parents and students. This edtech, directed by Luis Talavera, Edgar Rodriguez and Giovanni Patrón, seeks to provide solutions to the various problems that arise in the world of education. The startup has been able to pivot during the pandemic, bringing together the needs of institutions, teachers, students and parents. The application allows online courses, adapting to the needs of each school and subject. It also acts as a manager and diary for teachers, parents and students, noting tasks or preparing notices.

A solution for students and educational institutions, as they benefit from quantitative and qualitative analysis of students and classes, thanks to the software of the application.

13. Kili

Kili is the first streaming platform in Paraguay. Winner of Cervepar’s Impulsa innovation competition, Kili Video responds to the need to access national and Latin American content in one place, quickly and easily. It aims to promote the dissemination of Paraguayan audiovisual works, as well as to provide space for emerging creators.

14. TIVA

TIVA is a cloud management and intelligence solution adopted by more than 500 companies and 4000 users. TIVA is a company founded in 2010 and composed of two business units: Business Solutions and Telecom Solutions. The company offers two major products: Vox Center, adopted by the public telecommunications company of Paraguay. and BIMS, a SaaS platform for enterprises.

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