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21 CLIP ADOLFO BABATZ Mexico CINEPAPAYA .COM GARY URTEAGA Peru COM PAR AONLINE SEBASTIAN VALIN Chile Clip enables businesses of all sizes to accept payments by credit/debit card. Unlike most Mexican point of sale systems, Clip offers consumers the ability to pay in installments and with any card, regardless of the issuer. Clip's easy to use card reader can be set-up in less than 12 hours compared to several months of set up time for traditional (POS) terminal providers. Cinepapaya is a movie e-ticketing platform that helps movie goers view showtimes, discover movie related content (i.e trailers, actor bios etc.), and purchase tickets on a single platform. They're initially targeting the $3.5 billion dollar movie exhibition market in Latin America and setting initial footprint in other emerging markets. Cinepapaya websites and mobile apps are currently available in 26 countries, and ticket sales are currently active in 6 countries. Making informed decisions about insurance used to be a painful, time-consuming process in Latin America: consumers had to call companies and visit their sales offices to receive impenetrable policy information. Resolved to provide a practical alternative, in 2009 Sebastian created ComparaOnline (CO), a company that empowers consumers to compare insurance products and rates. Consumer credit and telecom product comparison services were added thereafter. ComparaOnline.com is seeing fast growth. With a leading position in the online auto insurance market in Chile, CO is on its way to disrupting the insurance, credit and telecom industries in Latin America. Sebastian holds a civil engineering degree from the Universidad de los Andes in Chile, and dreams of taking his company public on the NASDAQ. 21 CLEAR SALE PEDRO CHIAMULERA Brazil ClearSale is a Card-Not-Present fraud prevention operation protecting e-commerce merchants against chargebacks. The company's flagship product, Total Guaranteed Protection (TGP), is an end-to-end fraud detection and management solution that combines advanced technology with a team of seasoned, in-house fraud analysts. TGP screens every transaction, reducing false-positive rejections while delivering a low-friction customer experience that eliminates fraud-management burden and chargeback costs. Clearsale's problem-solving DNA, its in- house expert team of 500 fraud analysts, its proprietary consumer-behavior technology, and its decade-plus of identifying and preventing fraud in the most complex and dynamic international e-commerce markets make Clearsale the fraud prevention partner of choice.

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