M&A advisory services in Ecuador

Ecuador's M&A market for technology businesses is developing, with Kushki's trajectory and Tipti's growth drawing attention from regional PE sponsors and strategic acquirers alongside the dollarized pricing environment that simplifies cross-border deal mechanics.

Comparamejor, Huli and KrugerLabs have attracted interest from both Latin American strategic buyers and international investors seeking Andean market exposure.

Flow guides Ecuador-based founders - from bootstrapped profitable businesses to venture-backed scaleups - through complete sale processes: KPI-led preparation, outreach to PE and strategic acquirers from our network, and lean end-to-end process management under the Superintendencia de Compañías and SRI conventions that govern Ecuadorian exits.

Ecuador tech M&A deals in the last 12 months

Ecuador median tech M&A valuation

Ecuador median tech M&A revenue multiple

Ecuador biggest tech acquisition in the last 12 months

Selling your tech company in Ecuador

Ecuadorian M&A follows Latin American mid-market conventions with country-specific overlays around the Superintendencia de Compañías and SRI taxation. The USD-denominated environment simplifies cross-border deal mechanics.

Completion accounts dominate

Ecuadorian private M&A is predominantly completion-accounts based. Locked-box has limited adoption. USD-denominated pricing simplifies cash adjustment mechanics.

W&I insurance is uncommon

W&I insurance is uncommon in pure-Ecuadorian deals. Cross-border deals at the offshore-parent level use W&I more commonly.

SCPM merger control

Superintendencia de Control del Poder de Mercado (SCPM) reviews transactions above the relevant turnover and asset thresholds. Most pure-tech tuck-in deals don't trigger.

Capital gains for founders

Ecuadorian individuals are taxed on share disposal gains at flat rates (typically 10%). Offshore holding structures (Delaware) materially shape the post-tax exit outcome.

Currency outflow regime

Ecuador's Currency Outflow Tax (ISD) on most cross-border payments and capital transfers is a material consideration for exit proceeds. Worth modelling carefully against the structuring choice.

Cross-border tax considerations

Most material Ecuadorian tech exits involve offshore (Delaware) holding entities. Ecuadorian source taxation can apply to sales deriving substantial value from Ecuadorian assets.

Who is buying tech companies in Ecuador?

Fisa Group is the most active acquirer in Ecuador.

See all acquirers in Ecuador

Logo		HQ	Description	Key acquisitions
	Fisa Group		Fisa Group is a technology integrator for financial institutions across Latin America and Europe. Founded in 1995 and headquartered in Santiago, Chile, the company has executed over 100 projects in nine countries, specializing in core banking systems, payment gateways, and regulatory compliance software. Fisa develops modular platforms adaptable to client-specific needs in retail banking and insurance.	Seriva	1

Why Flow Partners as your M&A advisor

We operate across four fundamental principles that over the years enabled us to successfully advise many Ecuadorian companies.

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 Ecuador and beyond

Sector expertise

Explore our M&A advisory offering across a variety of tech sectors in Ecuador.

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.

See all case studies

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.

M&A

Polish publicly listed diversified industrial firm

M&A

German email marketing software platform

M&A

German software testing provider

M&A

Leading provider of testing, inspection, and certification services

M&A

Spanish neobanking platform for Gen Z and Millennials

M&A

Online price comparison and booking platform for rental cars

M&A

Digital testing, cybersecurity, content and digital forensics provider

M&A

Online casual dating platform for curious individuals

M&A

European DAM software provider

M&A

$3bn acquisition by Blackstone. Family of online dating brands (Badoo, Bumble, Chappy, Lumen).

M&A

€135m acquisition by Takeaway. Leading B2B online food delivery platform in Israel.

M&A

€80m acquisition by Zur Rose. Online e-commerce platform for pharmacy, beauty and wellness.

M&A

$200m acquisition by EMK. World's largest data collection and transformation platform.

M&A

Acquisition by ProSiebenSat.1 / General Atlantic. Online marketplace for household products and services.

M&A

€300m acquisition by Oakley Capital. Leading European online matchmaking platform.

M&A

Acquisition by Axel Springer. Leading Israeli online classifieds platform (jobs vertical).

M&A

$800m acquisition by Adobe. Marketplace for royalty-free images, graphics and HD videos.

M&A

€80m acquisition by Lifull. Spanish vertical search engine for real estate, cars and jobs.

M&A

Acquisition by Oakley Capital. Italy's largest online car insurance, gas and electricity brokerage.

Strategic Advisory

Strategic advisory. Cashless mobile taxi app connecting passengers to nearby taxis.

M&A

Acquisition by IAC. Digital social media platform for Q&A.

M&A

$228m acquisition by Axel Springer. Israel's leading classifieds and advertising portal.

M&A

Acquisition by Quant. Turkish membership-based daily deals site.

M&A

€320m acquisition by Bonnier. Pay television company across the Nordic region.

Minority Acquisition

€290m minority acquisition by News Corp. German direct broadcast satellite Pay TV (DACH).

M&A

€3.2bn acquisition by ProSiebenSat.1. European media group (TV, radio, print).

M&A

€3.1bn acquisition by KKR and Permira. German mass media and digital company.

Got questions?

Schedule a call ordrop us an email to learn more about our CFO-as-a-service, capital raising and M&A advisory offering.

Unlike traditional M&A advisors, we truly understand tech businesses and the unique challenges they face. Our investment banking background combined with deep sector expertise allows us to build compelling equity stories and navigate complex transactions.

More services

M&A is the ultimate goal, but we play a long game. We're your fractional CFO to help you build financial discipline, and advise you on raising growth capital.

Fractional CFO in Ecuador

We integrate into your workflows to help with financial modelling, build out FP&A tech stack, and ultimately provide guidance towards an M&A or raising venture capital.

Learn more

VC fundraising in Ecuador

We help you prepare materials, reach out to investors in our extensive network, negotiate fair term sheets and structure the VC round.

Learn more

M&A advisory services in Ecuador