There are 1 Companies in Guatemala
that provide Commercial Financing, Funding, & Investment Services!

Guatemala is the home of over 7 million people and no access to oceans or seas. Not that this counts so much for the IT, but still it could attract at least visitors. By far, the country’s main industries do not include tech or IT, but, this doesn’t mean that the other industries are not using technology or software to ease the burden of processing goods.

Guatemala is mostly an agricultural country, with a long tradition of soybeans cultivation - now the 2nd largest exporter in the world of the same soybeans. However, Agrotech is what makes other industries closer to the digital revolution, the countries around have already approached and adopted. 

So, if there is not much to talk about IT, why you should work with Guatemalan IT companies?

Why Working with Guatemalan IT companies

First, the not-many IT companies and software agencies that exist in Guatemala, are mostly focused on BPO. With the government that struggles to support the digitalization of other industries, these companies, and especially the experience of the workforce are extremely valuable for the country. 

The tax rates for all companies have been for a long time now only at 10%. This means that the low prices the IT companies ask for can be even lower due to this reason. Of course, in the neighborhood, you can see already a lot of digital parks and communities where the IT sector is spared from paying taxes, but for the country’s economy - 10% is good enough. 

What you should be aware of when working with Guatemalan IT companies

With all the advantages and disadvantages, even if you choose to work with Guatemalan IT companies, there are several things you should consider. 

First of all, it’s about language barriers. You may meet many tech workers, skilled professionals, project managers working for local companies that may have several issues with talking in other languages than Spanish. In other words, English may be a challenging option for communication. 

Time differences - Consider the time zones you and the partner IT company are located in. It may be challenging as well to sync the work process and establish effective cooperation, while both of you are in different parts of the globe. 

Professionalism - like in any other country, there are companies that perform well, better, and the best. You can meet all of them in Guatemala. However, finding the best one requires paying attention to several key points such as experience, number of employees, portfolio, hourly rates, and several others. 

How reliable are Guatemalan IT companies

In terms of reliability, Guatemala doesn’t rank in any way. It may vary from company to company and project to project since there is no standard for the country’s profile. We suggest studying each company individually and check the reviews for detailed information about this one. 

How does the Guatemalan IT industry relate to the neighboring countries?

Bolivia, Brazil, and Argentina have some of the most developed IT industries in LatAm. This means that the entire region can and could impact Guatemala’s IT infrastructure and local companies’ performance overall.  However, Guatemala never focused too much on developing the IT industry and remains to be an Agricultural country. In the long-term perspective, Guatemala could reach a certain level of development that would attract the client’s attention to the country from another point of view. But so far, the country’s IT industry serves as a BPO, and in the near future is much likely to remain in this position.

Commercial Financing, Funding, & Investment services are a wide range of financial products and services that help businesses get the capital they need to grow and succeed. 

These services can have many different forms, such as loans, lines of credit, leases, government grants equity financing, and more.

The commercial finance market is expected to grow at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2027. 

Commercial financing, funding, and investment services are very important as these services help businesses to:

• Grow through expanding their operations, launching new products, and services, and entering new markets.

• Improve their cash flow by providing them with access to working capital.

• Increase their profits by making it possible for them to invest in new equipment, technology, or marketing movements.

If you are also interested in how companies can raise capital and get funds, check our insightful article How a Company Can Raise Money and Get Funds?

In this context, we must say that choosing the right commercial financing, funding, and investment company could be a difficult task, however, taking into consideration the following factors, you will find easier the right one:

1. The amount of financing and terms of the financing you need

2. The reputation of the financing company, the company's history, success stories, and client reviews 

3. Take into account specific industries or funding types, the company focuses on and choose one that aligns with your business needs.

4. Ensure the company communicates openly about fees, all processes, and potential risks that may appear in the future.

It is important to compare different financing companies before making a decision, that is why we invite you to navigate on the TechBehemoth platform. There are more than 74 companies that offer a wide variety of commercial financing, funding, and investment services. Discover their detailed profiles, and client reviews, and feel free to get in touch with them. You can use also the filter to narrow down the results based on your requirements and shortlist the companies.  

Also, you can submit your project and we will select and send you the best matching companies in about 1 hour. It’s free and there is no obligation to hire.