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Business in Panama is no longer all about shipping, banking, and real estate. Thanks to the development of a tech-friendly culture, with angel investors and business incubators, Panama has turned into a hub of innovation and a testing ground for the whole Latin American market. Here is a list of the best startups to watch out for in Panama City.
ASAP is a courier service app that connects individuals to messengers in Panama City. The service allows you to receive or send packages from one place to another, 24 hours a day, 365 days a year. Whether you need to buy a present or medicines, run administrative errands, or get food delivered, you can do it through the app and pay directly with a card. It’s a real life-saver in a city congested by traffic.
Workings Latam is the number one co-working space in Panama. Whether you’re a freelancer or you’re building a startup, Workings Latam offers both private and shared modern and functional office spaces that are open 24/7, with fast internet, meeting rooms, and more, as well as a network of brilliant minds to connect with in Panama City. With three locations in Panama, the project is now expanding to San José in Costa Rica and Bogota and Medellin in Colombia.
Degusta is the most complete restaurant guide in Panama. The app is simple: it allows you to search for restaurants by name or type of cuisine, and offers rankings and reviews to match your criteria. With a great mix of cultures and types of cuisine, Degusta is the go-to service to make sure you have the best eating-out experience in Panama.
Media Rank is an analytics service for influencers and brands that enables them to take marketing decisions based on fresh statistics. The systems allows them to measure their audience, efficiency, and the return on investment of a campaign, thanks to information that is updated every 60 minutes.
La Media is an entertainment and content agency that started as a Facebook page and now has over half a million followers. It specializes in funny videos, recipes, and news, as well as branded content. La Media brought the concept of viral videos to Panama, and is continuously growing into a successful media hub for brands.
Criptext is a plugin that allows Gmail and Outlook users to recall emails and encrypt their messages. One of the most influential Central American tech companies according to Forbes, Criptext is now trusted by some of the world’s leading companies, including LinkedIn, Google, Fiverr, Salesforce, Zendesk, and Uber.
Venmetro is an online loan platform whose main goal its to facilitate the loan process thanks to a cost-cutting technology that enables the company to better adapt to its clients’ profiles. Venmetro offers better interest rates than most financial institutions, as well as a smoother reimbursement process via direct discount from the users’ pay checks.
The Innovation Center of the City of Knowledge in Panama City is an business incubator that helps tech startups to develop. With new admissions every year, the CI aims to establish itself as a meeting point between companies, organizations, and stakeholders, and to provide knowledge and training. Some of their hottest startups right now include Ayudinga (a platform that provides scientific educational content on demand) and Tutorez (a service that provides qualified tutors and courses in various fields).