Private Equity in Argentina Mapped Whitespaces Report¶
Potential Whitespaces¶
| # | Whitespace | Market Signals Identified | Potential Addressable Market (Annual) |
|---|---|---|---|
| 1 | Inflation-Resistant Financial Products (B2C/SME) | - Persistent high inflation (117.8% in 2024) eroding savings. - Mainstream adoption of digital wallets (81.5% of Argentines in 2023). - Surge in VC funding for Fintech in LatAm/Argentina. - US$1.7B-US$2.0B in Fintech Common Investment Funds (2023-2025). - US$330M in Digital Assets Under Management (2024). |
US$3.0 billion - US$4.7 billion |
| 2 | Accessible Small-Ticket Credit & BNPL (B2C/SME) | - Limited, costly traditional credit. - SMEs struggle with working capital. - 6 million Fintech credit holders (June 2024). - Fintechs issued 18.8% of 34.1M credits (June 2024). - BNPL at 1% of US$33B e-commerce market (2023-2024). - Global growth in BNPL and alternative lending models. |
US$1.5 billion - US$5.3 billion |
| 3 | Resilient SME Working Capital Solutions (B2B) | - SMEs (99% of businesses) face cash-flow unpredictability. - Limited access to traditional bank financing for SMEs. - Growth of alternative SME finance globally (e.g., revenue-based financing). - VC interest in B2B Fintech. |
US$1.0 billion - US$4.0 billion |
| 4 | LogisticsTech & Supply Chain Optimization (B2B) | - High logistics costs (worry 85% of SMEs). - Supply chain instability and import restrictions. - Total Argentina Freight & Logistics Market: US$14.5B - US$26.2B (2024). - Global VC investment in LogisticsTech. - Corporate demand for supply chain resilience. |
US$1.5 billion - US$6.6 billion |
| 5 | Integrated Telehealth & Digital Health Ecosystems (B2C) | - Fragmented, expensive healthcare; uneven access. - 40.58 million internet users (88.4% penetration, Jan 2024). - Increased consumer acceptance of digital services post-pandemic. - Global growth in HealthTech and VC funding. |
US$0.8 billion - US$2.1 billion |
| 6 | Automated Regulatory Compliance (RegTech) for SMEs (B2B) | - Chronic regulatory/tax complexity and frequent changes. - Only 34% of mid-market companies meet IFRS; 40% have unresolved tax contingencies. - SMEs are 99% of all businesses. - Global growth in RegTech solutions. - Advancements in AI/ML for regulatory interpretation. |
US$0.5 billion - US$2.0 billion |
| 7 | Distributed & Renewable Energy Solutions for SMEs & Communities (B2B/B2C) | - Energy price volatility and outages. - Corporate demand for stable, lower-cost energy. - US$11.3B invested in renewables since 2016 (avg. US$1.4B/year, mostly large scale). - Decreasing costs of solar PV and battery storage. - RIGI targets >US$200M projects, implying space for smaller SME/community solutions. |
US$0.5 billion - US$1.5 billion |
References¶
- 2024 Investment Climate Statements: Argentina – U.S. Department of State. https://www.state.gov/reports/2024-investment-climate-statements/argentina/
- Argentina Expands Renewable Energy Matrix with New Projects - The Net-Zero Circle. https://thenetzerocircle.com/argentina-expands-renewable-energy-matrix-with-new-projects/
- Argentina Financial Technology - International Trade Administration. https://www.trade.gov/country-commercial-guides/argentina-financial-technology
- Argentina population (2025) live - CountryMeters.info. https://countrymeters.info/en/Argentina
- Argentine SMEs post 21.7% improvement in exports - MercoPress. https://www.mercopress.com/2024/12/30/argentine-smes-post-21-7-improvement-in-exports
- BBVA Research – “Argentina Economic Outlook, Dec 2024” – https://www.bbvaresearch.com/en/publicaciones/argentina-economic-outlook-december-2024/
- BBVA Spark – “Venture Capital Investment in Latin America” – https://www.bbva.com/en/financial-education/venture-capital-investment-latin-america/
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- eCommerceDB – Argentina market data 2025 – https://ecommercedb.com/en/markets/ar/all
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- Euromonitor – “Latin America: Top Consumer Trends 2024” – https://www.euromonitor.com/article/latin-america-top-consumer-trends-in-2024
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- FRED St. Louis Fed - Nominal Final Consumption Expenditure for Argentina (NCSAXDCARQ). https://fred.stlouisfed.org/series/NCSAXDCARQ
- FRED St. Louis Fed - Real Final Consumption Expenditure for Argentina (NCRXDCARA). https://fred.stlouisfed.org/series/NCRXDCARA
- From The Philippines To Argentina, These 4 Countries Saw Startup Funding Rise. https://news.crunchbase.com/venture/emerging-markets-philippines-argentina-ireland-czech-republic-startup-funding-2024/
- Grant Thornton Argentina – Private Capital Insights – https://www.grantthornton.ar/en/services/advisory/private-capital/
- IMARC Group - Argentina Freight and Logistics Market Size and Forecast to 2033. https://www.imarcgroup.com/argentina-freight-logistics-market
- KPMG International – “Latin America: Growth Outlook Hampered by Sticky Inflation”
- Latin America Venture Capital Report 2025 – Startuplinks. https://www.startuplinks.com/resources/latin-america-venture-capital-report-2025
- More pain for PyMES – Argentina's small and medium businesses warn more closures lie ahead - Buenos Aires Times. https://www.batimes.com.ar/news/economy/more-pain-for-pymes-argentinas-small-and-medium-businesses-warn-more-closures-lie-ahead.phtml
- Private Equity in Latin America: Past, Present, and Future – Lauder Institute, University of Pennsylvania. https://lauder.wharton.upenn.edu/wp-content/uploads/2022/06/Private-Equity-in-Latin-America_Past-Present-and-Future_Final-Report.pdf
- RenovAr - RELP. https://relp.iadb.org/en/renovar
- Santander Trade – “Reaching the Argentinian Consumer” – https://santandertrade.com/en/portal/market-explorer/argentina/reaching-the-consumers
- Argentina demographics 2024 - StatisticsTimes.com. https://statisticstimes.com/demographics/country/argentina-demographics.php
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- Trading Economics - Argentina Consumer Spending. https://tradingeconomics.com/argentina/consumer-spending
- Verified Market Research - Argentina Freight and Logistics Market Size, Share & Forecast. https://www.verifiedmarketresearch.com/product/argentina-freight-and-logistics-market/