M&A advisory services in Argentina
Argentine technology M&A has been dominated by cross-border transactions, with US and European strategic acquirers targeting Argentine engineering teams and product IP - as demonstrated by Okta's acquisition of Auth0 and ongoing demand for Buenos Aires-based SaaS and developer tooling businesses.
Globant's consolidation strategy and the wave of PE-backed IT services roll-ups show that both venture-backed and bootstrapped Argentine tech businesses can achieve strong exits when positioned correctly for the right acquirer pool.
We run M&A processes for both bootstrapped operators and venture-backed founders in Argentina, drawing on a strong network of PE sponsors and strategic acquirers experienced with Argentine deal complexity; our end-to-end process - KPI-driven preparation, offshore structuring guidance, and lean deal management - is built to navigate FX and source-rule considerations while maximising founder proceeds.
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Argentina tech M&A deals in the last 12 months
$30M
Argentina median tech M&A valuation
-
Argentina median tech M&A revenue multiple
$150M
Argentina biggest tech acquisition in the last 12 months
Selling your tech company in Argentina
Argentine M&A involves significant FX, regulatory and structuring complexity. Most material Argentine tech exits involve offshore holding entities; FX controls, capital remittance restrictions and Argentine source-rule taxation materially shape the post-tax outcome.
Completion accounts dominate
Argentine private M&A is predominantly completion-accounts based, with detailed working-capital target and adjustment mechanics. Locked-box has limited adoption. Pricing in USD with peso adjustments is common.
W&I insurance is uncommon
W&I insurance is uncommon in pure-Argentine deals due to insurer hesitancy around Argentine tax and regulatory risk. International deals at the offshore-parent level use W&I more commonly with standard 1.5-3% of cover premiums.
CNDC merger control
CNDC (Argentine Antitrust Commission) reviews transactions above the relevant turnover and asset thresholds. Most pure-tech tuck-in deals don't trigger; large strategic deals routinely do.
Capital gains for founders
Argentine individuals are taxed on share disposal gains at 15% for unlisted equity (rates and indexation rules subject to change). Offshore holding structures materially shape the post-tax exit outcome for Argentine-resident founders - but FX controls complicate repatriation of proceeds.
FX and remittance considerations
Repatriation of proceeds from Argentina is subject to BCRA FX controls. Offshore exit structures (Delaware sale via parent) typically avoid Argentine FX restrictions but can trigger Argentine indirect-transfer source taxation depending on the structure.
Cross-border tax considerations
Most material Argentine tech exits involve offshore (Delaware) holding entities. Argentine indirect transfer rules can apply to sales of foreign entities deriving substantial value from Argentine assets. Requires careful pre-sale planning around source rules and structuring.
Recently acquired tech companies in Argentina
Biggest M&A recently in Argentina was a $150M acquisition of Personal Pay by Banco Marco in January 2026.
See all M&A deals in Argentina| Logo | HQ | Description | Buyer | ||||
|---|---|---|---|---|---|---|---|
Jan-26 | Personal Pay | | Personal Pay is a digital wallet and fintech platform operated by Telecom Argentina, serving over three million customers across the country. The platform offers mobile payments, peer-to-peer transfers, interest-bearing savings accounts, prepaid Visa card issuance, bill payments, and consumer credit products. Designed as a financial inclusion tool integrated into Telecom Argentina's mobile ecosystem, Personal Pay enables users to manage day-to-day financial transactions from a single app. In January 2026, Banco Macro acquired a 50% stake in the platform for approximately USD 75 million, with the stated aim of expanding credit offerings and financial services to Personal Pay's existing customer base. | Banco Marco | $150M | - | |
Mar-26 | SION | | SION offers telecommunications infrastructure including broadband internet, cable modems, network security, IaaS, and web hosting. | Ballarpur Industries | $30M | - | |
Aug-25 | Banco Voii | | Banco Voii functions as a platform for investing in novel banking ideas. | Cocos Capital | $20M | - | |
Feb-26 | Prisma Medios de Pago SA | | Prisma Medios de Pago SA is a Buenos Aires-based payment processing firm serving Argentina's financial sector. It delivers multi-channel transaction platforms supporting credit cards, QR codes, and digital wallets across retail, e-commerce, and POS terminals. Backed by Banco Galicia, the company processes billions in annual volume for merchants like supermarkets and online stores, utilizing fraud detection algorithms and API integrations for seamless operations. | Visa | - | - | |
Dec-25 | Buenbit | | Buenbit is a Buenos Aires-headquartered cryptocurrency exchange and cross-border payments provider launched in 2018. Active in Argentina and Peru, it enables low-cost transfers using digital assets through buenbit.com, supporting trading pairs and fiat on-ramps for regional users. | Nexo | - | - | |
Nov-25 | Grateful | | Grateful is a stablecoin payment processor for merchants seeking lower fees and instant settlements. The platform orchestrates transactions using digital assets while offering yield generation on held balances. Integrated with major wallets and point-of-sale systems, Grateful operates globally to streamline crypto-enabled commerce. | Exodus Movement | - | - | |
Sep-25 | Aquí Estoy | | Aquí Estoy is a chat platform connecting users experiencing loneliness, anxiety, and depression. Operating from Mexico City, it matches peers for peer-to-peer support conversations in Spanish, moderated by trained facilitators. Aquí Estoy integrates mood tracking and resource links to therapists, available nationwide via mobile app since 2022. | Crisis Text Line | - | - | |
Jun-25 | VICI | | VICI is a Buenos Aires-based digital platform that builds community ecosystems in Latin American cities to promote local economies through technology access. Launched in 2020, it connects residents with opportunities in e-commerce, gig work, and digital services via a mobile app serving over 50,000 users across Argentina. VICI partners with local merchants and startups to offer training programs and marketplaces, fostering inclusive growth in underserved neighborhoods. | Tiendanube | - | - |
Who is buying tech companies in Argentina?
Visma, Nexo and Banco Marco are the most active acquirers in Argentina.
See all acquirers in Argentina| Logo | HQ | Description | Key acquisitions | ||
|---|---|---|---|---|---|
Visma | | Visma is an Oslo-headquartered SaaS group delivering accounting, HR, and administration software across Northern Europe and beyond. Organized into Software SMB, Software Government & Large Accounts, and Business Process Outsourcing divisions, it powers operations for 1.7 million customers in 13 countries with products like Visma.net ERP and eAccounting. The company maintains a presence in Norway, Sweden, Finland, Denmark, and expanding markets. | Lara AILaudusDootax+2 | 2 | |
Nexo | | Nexo is a London-headquartered digital asset platform launched in 2018. It provides interest-bearing savings accounts, crypto-backed loans, trading terminals, and a crypto debit card across 200 jurisdictions. Nexo holds licenses in multiple countries and maintains insurance on client assets. | BuenbitSummit National Bank | 1 | |
Banco Marco | | Banco Macro is Argentina's second-largest domestically owned private bank by branch network and sixth-largest overall by deposits and lending volume. Founded in 1966 in the province of Misiones, it operates more than 440 branches across all 24 Argentine provinces, serving retail and corporate clients with a full range of banking products including personal loans, mortgages, credit cards, payroll services, and SME financing. Listed on the Buenos Aires Stock Exchange and on the NYSE under the ticker BMA since 2006, the bank has maintained a dominant position in the Argentine personal lending segment. In January 2026, Banco Macro acquired a 50% stake in Personal Pay, Telecom Argentina's digital wallet platform, for approximately USD 75 million as part of its expansion into digital financial services. | Personal Pay | 1 | |
Exodus Movement | | Exodus Movement Inc is a self-custodial platform that connects people with the world of decentralized finance and the power of the blockchain. Available for desktop and mobile, it allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum. Geographical presence in Europe, United States, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America (Other Americas). | GratefulW3C Corp | 1 | |
Visa | | Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second. | Prisma Medios de Pago SANewpay S.A.UFeaturespace+1 | 1 | |
Crisis Text Line | | Crisis Text Line is a New York-based nonprofit offering 24/7 crisis support via text messaging in the United States, Canada, and United Kingdom. Users reach counselors by texting HOME to 741741, connecting to trained volunteers for issues like anxiety, depression, and suicidal thoughts. Powered by active listening protocols, the service partners with schools, corporations, and hotlines, processing millions of conversations annually through its digital platform. | Aquí Estoy | 1 | |
Tiendanube | | Tiendanube is an e-commerce platform headquartered in Buenos Aires, Argentina, enabling small and medium-sized sellers to create and manage personalized online stores. It offers drag-and-drop builders, integrated payments via Mercado Pago, shipping logistics, and marketing automation tools. Present in Argentina, Brazil, Mexico, Colombia, and Chile, the service powers thousands of digital shops selling apparel, electronics, and consumer goods. | VICI | 1 | |
Cocos Capital | | Cocos Capital is a Madrid-based digital investment platform offering commission-free settlement and clearing for stocks, ETFs, and bonds. Users trade European and US markets through a mobile app with real-time quotes and portfolio analytics. Cocos Capital holds licenses from CNMV and processes daily volumes exceeding €5 million. Launched in 2021, it partners with Interactive Brokers for execution and serves 10,000 retail investors. | Banco Voii | 1 | |
Ballarpur Industries | | Ballarpur Industries Ltd (BILT) is engaged in manufacturing writing and printing (W&P) paper, pulp, and paper products. Its segment includes Uncoated Paper, Coated Paper, and Others. The company's manufactured products are sold both within and outside India. | SION | 1 | |
EPAM Systms | | EPAM Systems is a global IT services firm with a focus on platform engineering, software development, and consulting services. The company used to host large engineer bases in Ukraine, Belarus, and Russia, but it now delivers from various locations across different continents. EPAM’s largest market is North America, which represents approximately 60% of revenue. | VatesFirst Derivative ArchitecturalNeoris+1 | 1 |
Public tech companies in Argentina
MercadoLibre is Argentina's largest publicly listed tech company, with a market cap of $85B.
See all public companies in Argentina| Logo | Description | Sectors | ||||||
|---|---|---|---|---|---|---|---|---|
MercadoLibre | MercadoLibre runs the largest e-commerce marketplace in Latin America, with about 150 million active users and more than 600 million active listings across 18 countries stitching into its commerce network or fintech solutions when last reported. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending. | $13.90 | -40.4% | $85B | $91B | 2.7x | ||
Globant | Globant is a next-generation IT services company that primarily assists clients with their digital transformation efforts by creating customized software for them. The company was founded in 2003 in Argentina but is currently headquartered in Luxembourg and primarily serves clients in the US and Latin America. Globant’s client base is relatively concentrated in the media and entertainment and financial services industries. | $40.63 | -58.6% | $1.8B | $2.0B | 0.8x | ||
Grupo Clarín | Grupo Clarin SA is a holding company that operates in the Media industry in Argentina. Its operations include newspaper and other printing, publishing, and advertising activities, broadcast television, radio operations, television content production, online and new media services, and other media-related activities. Its business segments include Printing and Publishing, Broadcasting and Programming, and Others. Print and Digital Publications segments include national and regional newspapers, a sports daily, magazine publishing, editing and distribution, and commercial printing. | $2.85 | +30.4% | $304M | $272M | - | ||
Boldt | Boldt SA offers telecommunications services for capturing, communicating, and processing large volumes of information. The group is mainly involved in the business of administration, management, and operation of casinos and electronic machines of chance, entertainment, hotels, and related; printing of documentation referring to the identification of people and/or goods; construction and engineering works, and exploitation and marketing of real estate. | $0.030 | -18.3% | $73M | $88M | - |
Why Flow Partners as your M&A advisor
Access to relevant buyers
We have extensive network and direct access to world's most prominent financial and strategic buyers, cultivated through years of successful M&A track record across bulge bracket investment banking.
No corporate red tape
We run lean deal processes, without BS, unnecessary time-wasting efforts and corporate inefficiencies. Our approach values candor, transparency and high-impact work to make sure great deals get done.
Thorough preparation
KPI-driven storytelling is more art than science. We have unmatched understanding of digital businesses and are experts in building sharp equity stories that present your business in a clear, concise manner.
Optimize value, not valuation
Valuation is only one side of the medal. We help creating attractive and efficient transaction structures that bridge incentive gaps between sellers, buyers and management teams.
We provide M&A advisory services across Argentina and beyond
Sector expertise
Explore our M&A advisory offering across a variety of tech sectors in Argentina.
Software
Vertical and horizontal SaaS, AI-native software products, infrastructure SaaS, cybersecurity
AI & ML
Foundation models, AI applications, AI infrastructure, semiconductors, AI consulting
Fintech
Neobanking, online payments, fintech infrastructure, lending platforms, wealth tech, online brokerage, vertical FS software
Consumer internet
Consumer software subscription platforms, edutech, online content, social networks, online dating
Digital media
Streaming platforms, mobile and console gaming, content distribution, digital publishing, VR & AR
E-commerce & marketplaces
Consumer and B2B marketplaces, inventory-based e-commerce, classifieds, lead generation platforms
Consumer products
Direct-to-consumer (D2C) brands, consumer electronics, smart home devices, lifestyle products
Mobility
Ridesharing, micromobility, food delivery, logistics tech, autonomous tech, EV charging infrastructure
Digital health
Digital therapeutics, telemedicine, mental health solutions, EHR and practice management, vertical healthcare SaaS
Industrial technology
Industry 4.0 solutions, 3D printing, climate tech, industrial IoT, robotics, smart manufacturing
Digital infrastructure
Data centers, cloud infrastructure, edge computing, network security, vertical infrastructure SaaS
IT services
Software development and testing, digital transformation, cloud services, advertising agencies, IT support services
Selected case studies
We've closed sell-side and buy-side transactions across European, US and emerging-market tech.
Our M&A track record spans strategic exits to corporate acquirers, PE buyouts, and cross-border deals where regulatory and structuring complexity actually matters.
We acted as exclusive sell-side advisor to MAILINGWORK, a Chemnitz-based email marketing software platform, on its sale to French digital marketing leader Positive Group.
Recently completed M&A advisory projects
Selected M&A transactions and prior deal experience.
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