The Startup Ecosystem of Panama City

Home to 91% of Panama’s startups, Panama City boasts a vibrant startup ecosystem that is ranked 422 in the world.


In 2022, the startup scene of Panama City developed considerably and increased in the Global Ecosystem Index by 47 spots.

National Ranking

In Panama

Regional Ranking

In Central America

Global Ranking


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The Startup Ecosystem in Panama City

Startups in Panama City excel in Fintech, Software and Data, and Social & and Leisure. There are some notable success stories contributing to the city’s growing Fintech industry. One of the most promising startups in Panama City in 2022 is Munily, NordLocker, and Paguelo Facil.

Global Rank

Panama City is ranked within the top 500 startup ecosystems globally.

Top Industries

Panama City’s startups excel particularly in Fintech where it ranks 239 and in Software and Data, and Social & Leisure. Find out more

Top Cities for Startups in Panama - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
2022 National Rank & Change ▲
2022 National Rank & Change City
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Notable Startups in Panama City
Munily startup icon
NordLocker startup icon
Paguelo Facil startup icon
Paguelo Facil


Successful Fintech startups in Panama City
Paguelo Facil startup icon
Paguelo Facil


Startups Ranking by Industry

Fintech icon
#239 worldwide

On our map, you can explore a total of 4 startups for Fintech.

Software and Data icon
Software and Data
#497 worldwide

In Central America, Panama City's Software and Data is in top 497. Panama City has a concentration of about 0% of the country's total Software and Data startups that are represented on our map.

Social & Leisure icon
Social & Leisure
2 startups

Our database contains 2 startups for this industry.

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Why should you join Panama City's Startup Ecosystem?


Within Panama City there is an increased attraction for entrepreneurs to set up their startups in industries such as Fintech, Software and Data, Social & Leisure. These three industries account for all startups represented on Panama City's Startup Ecosystem Map.


National Rank


Regional Rank


Panama City is Panama's 1st best startup ecosystem and is ranked 6th in Central America. With a population of <0.1M people, Panama City is ranked th in the world. The city boasts some notable startup success stories including Munily.

Startup Infrastructure in Panama City
With a large variety of initiatives, Panama City's startup ecosystem stands out from other cities in Central America. Panama City offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Panama City's most prominent support initiatives:

Coworking Spaces

Selina startup icon


Workings Latam startup icon

Workings Latam


Secretaría Nacional de Ciencia, Tecnología, e Innovación (SENACYT) startup icon

Secretaría Nacional de Ciencia, Tecnología, e Innovación (SENACYT)

Autoridad Nacional para la Innovación Gubernamental (AIG) startup icon

Autoridad Nacional para la Innovación Gubernamental (AIG)

INDICASAT AIP startup icon


Featured Ecosystem Portals

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Recent Posts

Tue Mar 14 2023

EP 33: Do Small Countries Have an Edge in Building a startup Ecosystem?

Do small countries have an edge in building a startup ecosystem? In this episode, the StartupBlink team and Eli David discuss the unique advantages of small countries for building a thriving ecosystem. In StartupBlink’s Global Startup Ecosystem Index 2022, 9 out of the top 20 highest-ranked countries had a population of less than 10 million, […]

Wed Mar 08 2023

How can collaborating with StartupBlink as an ecosystem partner help your ecosystem and organization?

Collaborating with StartupBlink as a data partner can bring a range of benefits to your organization and ecosystem. As the most comprehensive startup ecosystem map and research center, we publish the Global Startup Ecosystem Index Report (GSEI) annually, ranking the top 1,000 cities and 100 countries worldwide.  StartupBlink’s GSEI is based on an elaborate algorithm […]

Tue Feb 28 2023

The Top 30 Countries by Absolute Power in 2022

What is Absolute Power? Generally, StartupBlink’s GSEI scoring algorithm calibrates the countries’ total score to their population size to check the startup outputs of countries per capita.   The “Absolute Power” algorithm ignores the size of the population and looks at the absolute amount of startup output per country to compare their dominance regardless of population […]