// STARTUP AUTOPSIES · COUNTRY

Startup Failures in Nicaragua

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

16 autopsies · newest deaths first

FinTrade

fintechNicaragua2020

Managua mobile payments for merchants raised $300K — international sanctions on Nicaragua in 2021-2022 tightened card processor requirements, FinTrade's primary payment gateway suspended Nicaragua operations, closed 2022

Slow Death

NicaFresh

agritechNicaragua

Agri-marketplace shuttered by Nicaragua's 2018 political crisis

Sudden Collapse

FinTechNI2

fintechNicaragua

Nicaragua fintech in a market where US OFAC sanctions, SIBOIF 18-month approvals, and Ortega's NGO crackdown eliminated all international investment

Market Exit

FinNI

fintechNicaragua

Nicaragua's fintech startup classified as a foreign agent and dissolved by law

Regulatory Kill

SmartNicaragua

iotNicaragua

Nicaraguan IoT smart city startup destroyed by political crisis investor and client exodus

Regulatory Kill

SustNI

sustainabilityNicaragua

Nicaragua's climate tech startup that the Foreign Agents Law classified as a political threat

Regulatory Kill

NicarFin

fintechNicaragua

Nicaragua's B2B payments startup that the political economy made structurally impossible

Market Exit

CryptoNI2

cryptoNicaragua

Nicaragua's crypto exchange that new crypto regulation shut down before it could define what crypto was

Regulatory Kill

NicaraguaAI

aiNicaragua

Nicaragua AI: same 2021 political crackdown that eliminated fintech investment eliminated AI investment, leaving 10 enterprise AI clients

Market Exit

NicaGamer

gamingNicaragua

Nicaraguan mobile gaming platform hit by political crisis advertiser exodus and tiny TAM

Slow Death

NicaPay

fintechNicaragua

Nicaragua's mobile payment startup was destroyed by the 2018 political crisis and investor exodus

Sudden Collapse

TravelNI

traveltechNicaragua

Nicaragua's travel startup killed by political repression before COVID could do the job

Market Exit

EduNI

edtechNicaragua

Nicaragua's edtech classified as a foreign agent and forced to close

Regulatory Kill

GamingNI

gamingNicaragua

Nicaragua's gaming community that the Digital Economy Law classified as a telecom service

Regulatory Kill

GovTechNI

govtechNicaragua

Nicaragua's govtech startup that the Ortega government classified as foreign interference

Regulatory Kill

AgroTechNI

agritechNicaragua

Nicaragua's agritech built during the 2018 protests that froze all international agricultural development programs

Market Exit

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Startup Failures in Nicaragua

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