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List of the largest SaaS companies in Mexico

Top SaaS Companies in Mexico

These are the top SaaS companies in Mexico. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Mexico by featuring these 110 companies with combined revenues of $267.1M.

Together, Mexico SaaS companies employ over 3K employees, have raised $471.7M capital, and serve over 3M customers around the world.

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Highlights

02
N
Nowports

Supply Chain & Logistics Software

Nowports is a digital Freight Forwarder shipping ocean containers to and from Latin America.

$50M
$243M
40
417
2019
Mexico
03
K
Kubo.financiero

Financial Services Software

Provider of a digitally regulated finance platform, offering digital savings accounts, personal loans, term deposits, and lending opportunities. The company's lean mode allows for lower interest rates for its borrowers and higher return rates for depositors and investors, enabling users the ability to gain more financial freedom.

$13M
$11M
1K
153
2012
Mexico
04
RHR
Runa HR

HR Software

Automating payroll for Latin America. Our software platform includes: payroll, employee management, ...

$11M
$4M
-
114
2018
Mexico
05
SX
SkydropX

Supply Chain & Logistics Software

Logistic Management System for E-commerce & Retail in Mexico.

$10M
$7M
-
105
2018
Mexico
06
S
Sintec

Financial Services Software

Sintec is a consulting firm. It specializes in customer strategies, operations strategy, organizational transformation and information technology, supply chain management and distribution strategy solutions. It was founded in 1987 and is headquartered in Cuajimalp, Mexico.

$9M
$20M
-
308
1987
Mexico
07
N
Neivor

Financial Services Software

Neivor is a vertical SaaS with payment processing capabilities for residential and multifamily buildings.

$7M
$5M
-
74
2019
Mexico
08
GS
Gravity Sketch

Help design teams communicate in 3D

$6M
$38M
20
60
2014
Mexico
09
Y
Yaydoo

Artificial Intelligence Software

Provider of an office management platform designed to connect online retailers with customers. The company's digital concierge marketplace application uses chat bots and personalized interaction tools to manage expenses and accounting, simplify purchase decision and more, enabling customers to find and buy products from online retailers based their individual demand.

$6M
$20M
500
102
2016
Mexico
10
C
Clara

Financial Services Software

End-to-end spend management for companies in Latin America.

$6M
$89M
-
68
2020
Mexico
1 - 10 of 108Next

What are the fastest growing companies doing?


83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.

Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.

If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.

Which CEO’s are the most efficient capital allocators?


We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?

Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).

Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).

The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.