Southeast Asia and Latin America’s startup ecosystems are more similar than you think

Over the past year, Chinese and Japanese investors poured more than $3 billion into Latin American startups. Brazil has received the bulk of the capital to date, boosting five startups to unicorn status during this time. As these startups reach their growth and expansion stages, there’s been a notable uptick in competition between a few super-apps that dominate the market.  In the US, there is sufficient capital to help many similar competitors expand rapidly and succeed in the market, each serving its own niche. Meanwhile, Latin America’s under-invested startup ecosystem is looking a lot more like Asia, where a handful…

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