Global Map > Organizations > South America > Paraguay

The Startup Ecosystem of Paraguay

Paraguay has 1 city in the top 1000 and is one of South America’s best countries for setting up a startup.

COUNTRY RANKING

Since 2023, Paraguay lost 104 spots in the Global Startup Ecosystem Index, having now positioned itself as 104th worldwide.

Population

6.8

Million

Regional Ranking

8th^new

In South America

Global Ranking

104th^new

Worldwide

Startups

Paraguay Top Startup Industries

Fintech

6 startups

Software & Data

5 startups

Ecommerce & Retail

3 startups

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Ecosystem HealthCheck

Paraguay Ecosystem Health Check

The health check tables allow you to look at the performance Paraguay has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

Overperformance
Performance equal to global ranking
Underperformance

Parameter	Parameter Global rank	Parameter rank change since 2022	Result	Contribution to total score	Rank gain / loss due to parameter
Total Score	104	N/A	0.245	100%	0
Quantity Score	103	NaN	0.089	36.51%	-1
Sample size of startups	109-111	NaN	10	31.34%	0
Sample size of accelerators	75-81	NaN	4	0%	-4
Sample size of coworking spaces	92-95	NaN	12	0%	-3
Community Score	89	N/A	0.013	5.17%	0

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ECOSYSTEM

Browse the startup ecosystem database of Paraguay

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Ecosystem

The Startup Ecosystem in Paraguay

In 2023, Paraguay register a rise in Fintech startups. Some of the most notable success stories in this industry are those of , Monchis.

Global Rank

Paraguay is ranked below the top 1000 startup ecosystems globally.

Top Industries

Paraguay’s startup scene is best represented in Fintech, Software & Data, and in Ecommerce & and Retail.

Top Cities for Startups in Paraguay - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.

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2023 National Rank & Change ▲

2023 National Rank & Change	City	Global Rank & Change	Total Score	Access subscores for 1000 cities and 100 countries Explore Startupblink PRO Quantity Score	Quality Score	Business Score
1st⁰	Asunción, Paraguay	727th⁺²⁵⁸	0.240	00.00	00.00	00.00

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Startups

Notable Startups in Paraguay

Monchis

Random Sounds

eCLUB

Startups

Successful Fintech startups in Paraguay

eCLUB

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