// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Argentina

59 startup autopsies from Argentina. Each includes the exact cause of failure, verified financial data, and the documented failure pattern.

59 autopsies · newest deaths first

Pomelo

fintechArgentina2024

Argentina's card issuing infrastructure startup strangled by the BCRA's fintech restrictions

Slow Death

Egg Education

edtechArgentina2024

Kaszek's peer-learning bet expanded across 8 countries and sold for pennies.

Fire Sale

ConectaVet

healthtechArgentina2024

Buenos Aires veterinary telemedicine raised $350K — Argentine inflation 140%+ reduced discretionary pet spending; owners postponed even phone vet consultations; insufficient consultation volume to sustain

Slow Death

Agrofy

agricultureArgentina2024

Argentine agtech marketplace raised $23M to be the Mercado Libre of agricultural inputs in Latin America—then shut down commercial operations in 2024 after failing to achieve marketplace liquidity in a sector dominated by local dealer relationships.

Silent Shutdown

Aprender Valor

edtechArgentina2024

An Argentine finlit startup killed by the very inflation it taught people to fight.

Slow Death

IguanaFix

marketplaceArgentina2023

Argentina's home services marketplace ran out of capital expanding across four LatAm countries before any single one was profitable

Mass Layoff Spiral

Satellogic

spacetechArgentina2023

Argentine satellite company SPAC'd at $850M, then watched its stock crater 96% as revenue never met projections.

Slow Death

Keo World

fintechArgentina2023

Argentina's BNPL startup raised $26M to lend in a country with 100%+ inflation — and discovered the model doesn't survive it

Mass Layoff Spiral

PrestaFlex

fintechArgentina2023

Córdoba consumer digital lending raised $600K — Argentine inflation 140%+ eroded peso margins simultaneously with BCRA rate cap Communication A 7750 eliminating fintech lending economics

Slow Death

Bitso Argentina

cryptoArgentina2023

The Argentine operations of Mexico's leading crypto exchange were forced to exit in 2023 as Argentina's central bank imposed currency control restrictions that made crypto exchange services unworkable within the regulatory framework.

Regulatory Kill

Nubi (Wanap)

fintechArgentina2023

Argentina's neobank killed by the economy it was trying to fix.

Regulatory Kill

Ualá Argentina Crisis

fintechArgentina2023

Argentina's challenger bank unicorn that hit $2.5B — and shed 15% of staff when regulators blocked its banking licence

Mass Layoff Spiral

Lemon Cash

fintechArgentina2023

The Argentine crypto wallet that reached 2M users, raised 16M dollars, and shut operations in 2023 after regulatory pressure made the business model untenable.

Regulatory Kill

Satellogic (SPAC crisis)

hardwareArgentina2023

Argentine satellite company. SPAC peak. 90% value destruction.

Silent Shutdown

OLX Argentina

marketplaceArgentina2022

Naspers's classifieds giant quietly exited Argentina after 15 years as Facebook Marketplace and MercadoLibre ate its core market

Silent Shutdown

Briq.mx (Argentina ops)

fintechArgentina2022

Argentina's inflation made every construction dollar promise into a peso nightmare for Briq investors.

Market Exit

Simple (Argentina)

fintechArgentina2022

Argentina's BCRA regulations and a parent company pivot ended Simple before it could prove its model.

Regulatory Kill

Dinie

fintechArgentina2022

Argentine treasury fintech destroyed by 90% inflation and currency controls it had no hedge against.

Regulatory Kill

Hola Code

edtechArgentina2022

Coding bootcamp in Argentina. Platzi and Henry arrived.

Market Exit

Naranja X (2022 crisis)

fintechArgentina2022

Argentina's largest fintech. Hyperinflation ate the margins.

Regulatory Kill

Tiendanube (2022 crisis)

ecommerceArgentina2022

Latin America's Shopify. Raised $500M. Laid off 25% in 2022.

Slow Death

Klar Argentina

fintechArgentina2022

Neobank for Argentina. Hyperinflation and FX controls broke the model.

Regulatory Kill

Geopagos (2022 crisis)

fintechArgentina2022

White-label payment infrastructure. Funding dried up in the 2022 crunch.

Slow Death

Mudafy

proptechArgentina2022

Argentine prop-tech backed by Khosla Ventures that bet on a real-estate market in freefall.

Silent Shutdown

Workana (2022 crisis)

marketplaceArgentina2022

Latin America's freelance marketplace. Upwork went global. Workana restructured.

Market Exit

Wenance

fintechArgentina2022

Argentina's cross-border digital lender collapsed when regulators in three countries found the books didn't add up.

Fraud Explosion

Buenbit

cryptoArgentina2022

Argentina's dollar-substitute crypto exchange collapsed as FTX and LUNA wiped out its user base's trust

Mass Layoff Spiral

Afluenta

fintechArgentina2022

Latin America's first P2P lending platform pioneered in Argentina, Peru, and Mexico — then collapsed under FX restrictions, regulatory tightening, and Argentina's perennial economic crisis.

Silent Shutdown

Etermax Brand Gamification

gamingArgentina2022

Argentina's gamification adtech startup failed to convert Trivia Crack's viral fame into a durable brand product

Silent Shutdown

Increase (Argentina)

fintechArgentina2022

Payment reconciliation SaaS. Co-founder conflict ended it.

Mass Layoff Spiral

Democracy Earth

web3Argentina2021

Decentralized democracy: a protocol nobody voted to fund.

Zombie Startup

Wolox

saasArgentina2021

Argentina's leading dev agency. Accenture acquired it. Culture evaporated.

Fire Sale

Mango

fintechArgentina2021

Argentine consumer neobank targeting millennials — wound down in 2021 when the team pivoted to build Pomelo, a B2B fintech infrastructure company, acknowledging that the consumer product had not found viable product-market fit in Argentina's volatile economy.

Silent Shutdown

Kangu

marketplaceArgentina2021

Argentina's last-mile pickup network. MercadoEnvíos won.

Market Exit

SeSocio

fintechArgentina2021

Argentina's equity crowdfunding platform quietly shut down as economic chaos and capital controls made crowd investing impossible

Silent Shutdown

Cliengo

saasArgentina2021

Argentine chatbot SaaS. HubSpot and Intercom arrived in LatAm.

Market Exit

Properati

proptechArgentina2021

Argentina's real estate classifieds platform swallowed by a Uruguayan competitor after never cracking profitability

Acqui-hire

Despegar (COVID crisis)

ecommerceArgentina2020

Latin America's largest OTA. COVID grounded the whole business.

Silent Shutdown

Groupon Argentina

marketplaceArgentina2020

The daily-deals giant's Argentine unit was among the last LatAm markets abandoned as the category died globally

Silent Shutdown

Despegar (COVID collapse phase)

travelArgentina2020

Latin America's largest OTA shrank 80% overnight when COVID grounded every flight on the continent

Slow Death

EventHub

saasArgentina2020

Buenos Aires events ticketing marketplace launched January 2020 — COVID lockdowns March 2020 closed all events, 100% ticket refunds burned $180K in one month from $400K reserves, closed 2021

Quick Flip

Almundo

travelArgentina2020

Argentine online travel agency that COVID grounded permanently.

Sudden Collapse

Zazcar

mobilityArgentina2019

Argentina's first peer-to-peer carsharing startup — shut down in 2019 as ridesharing apps flooding the Buenos Aires market made private car ownership less necessary and carsharing a harder sell.

Sudden Collapse

NextU

edtechArgentina2019

Warburg Pincus-backed LatAm online education platform shut down after six years and $12M without cracking B2B-to-consumer EdTech economics

Slow Death

Avenida.com

ecommerceArgentina2018

Argentina's Amazon-challenger backed by Bertelsmann lost an unwinnable war against Mercado Libre

Fire Sale

ArgentAI Analytics

aiArgentina

Argentina's retail analytics AI hollowed out by talent emigration

Slow Death

Bluesmart

hardwareArgentina

Bluesmart built the world first smart suitcase — then the FAA banned battery-embedded luggage and the company had nothing left to sell

Silent Shutdown

Glamit

ecommerceArgentina

Buenos Aires' fashion e-commerce aggregator was killed by MercadoLibre's fashion push and Argentina's macro crisis

Acqui-hire

SaludClick

healthtechArgentina

Argentine telemedicine pioneer — built in a currency crisis, killed by the next one

Slow Death

Ualabee

fintechArgentina

Argentine mobility app raised $17M but exchange controls made sustainable operations impossible

Slow Death

Restorando

marketplaceArgentina

Argentina's leading restaurant booking platform acquired by OpenTable and silently wound down.

Market Exit

IoTAR

iottechArgentina

Argentina's industrial IoT startup destroyed by the capital controls that blocked its hardware supply chain

Slow Death

Wilobank

fintechArgentina

Argentina first fully digital bank raised $20M, was absorbed by Grupo Supervielle, and its brand disappeared within two years.

Acqui-hire

GameAR Studio

gamingArgentina

Argentina's indie game studio that the economy kept looting

Slow Death

InvertirOnline

fintechArgentina

Argentinian online brokerage that operated through three peso crises and eventually sold to Grupo Financiero Galicia.

Fire Sale

Despegar

travelArgentina

Despegar became Latin America largest online travel agency with 100 million users and a Nasdaq IPO — then COVID wiped out travel demand in 2020 and the stock fell 85 percent, leaving the company a zombie operating at a fraction of its former scale.

Zombie Startup

NeuroArg Systems

deeptechArgentina

The neuromorphic chip startup that Argentina's capital controls wouldn't let fly

Slow Death

Vostu

gamingArgentina

Argentine-founded social gaming giant with 50M users crushed by Zynga's lawsuit and the Facebook platform collapse.

Slow Death

CuponStar

marketplaceArgentina

Argentina's daily deals clone that couldn't outlast Groupon's retreat

Slow Death

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Startup Failures in Argentina

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