Argentina based Fintech Ualá Secures $350M via Series D at $2 45B Valuation
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10 startups and technology companies that are changing the logistics and last mile market in Mexico
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May 13, 2021 5 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Opinions expressed by
Entrepreneur contributors are their own. Only 25% of Small and Medium Enterprises ( SMEs ) in Mexico survive the first two years of creation, according to data from the Development Center for Business Competitiveness. However, by 2017, 52% of Mexico s Gross Domestic Product is generated by that 25% of SMEs that manage to survive the first two years. In addition, of the total number of companies, the majority are SMEs: they represent 94.9% of the total establishments in the country (Economic Censuses 2019). In 2019, two out of ten companies exceeded five years of life. In fact, 80% fail before the age of five and 90% do not reach a decade, mainly due to financial, administrative and commercial issues. To this, we must add the impact of the economic crisis generated by COVID-19 .