BREAKING nocnoc opens the door to 650M Latin American shoppers FUNDING PayPal Ventures leads $14M Series A (June 2023) SPEED Global brands live across LatAm marketplaces in 48 hours SCALE 1,200+ sellers / 180,000+ products listed REACH 20+ marketplaces: Mercado Libre, Amazon, Walmart, Magalu PAYMENTS Ant Group + Zyla partnership lets sellers get paid like a local HQ Built in Montevideo, Uruguay - offices on three continents
Company Dossier - Cross-Border eCommerce

nocnoc

Knock knock. The door is Latin America, and a small team in Uruguay built the key.

Founded 2018 Montevideo, UY Series A ~200 people
nocnoc brand banner - Opening doors to Latin American ecommerce

The company's own banner does the elevator pitch for us: a bright blue door swung open onto a Rio coastline. nocnoc means knock-knock, and yes, they lean all the way into it.

YesPress Dossier // Filed from Montevideo Cross-Border // Marketplaces // LatAm

A box leaves a warehouse in Miami. It does not know it is about to be Brazilian. Somewhere between the loading dock and a shopper in Sao Paulo, it will be listed in Portuguese, priced in reais, cleared through customs, and dropped at a door it has never heard of - and the brand that made it will never have opened a single Latin American account. That handoff is the entire business of nocnoc.

nocnoc is a cross-border eCommerce platform built in Montevideo, Uruguay. The pitch is almost rude in its simplicity: you are a brand somewhere - the United States, China, Europe - and you want to sell in Latin America. You send your products to a nocnoc warehouse, connect once, and within roughly 48 hours your catalog appears across the region's largest marketplaces. Listings, marketing, customs, taxes, local-language support, last-mile delivery, returns - all of it sits on nocnoc's side of the wall.

The company calls itself the largest cross-border store in Latin America. The phrasing matters. Not a tool. Not a plugin. A store - several of them, actually - that nocnoc owns on each marketplace and rents out, in effect, to brands that would otherwise be strangers to 650 million consumers.

"Marketplaces make up 80% of eCommerce in Latin America, but are highly fragmented. There is no 'winner takes all' player, like Amazon or Walmart in the U.S."

- Ilan Bajarlia, Co-founder & CEO
The Problem They Saw

One continent, fifteen front doors

Here is the inconvenient truth nocnoc was built around. In the United States, a brand learns Amazon and is mostly done. In China, Taobao or JD. Latin America refuses to be that tidy. Marketplaces drive roughly 80% of the region's online sales, but they are scattered across countries and brands - Mercado Libre in one place, Magalu and Americanas in Brazil, Coppel and Walmart in Mexico, Falabella down the Pacific coast. Each has its own account system, its own tax logic, its own appetite for paperwork.

To sell across the region the old way, an international brand had to become a part-time importer, a part-time tax attorney, and a full-time pessimist. Open entities. Negotiate each marketplace. Solve logistics into countries where a delayed customs form can strand a pallet for weeks. Most brands took one look at the 44% jump in LatAm cross-border sales in 2022, did the math on the overhead, and decided the opportunity was someone else's problem.

Translation: the demand was loud, the on-ramp was missing, and everyone agreed it was a great market for somebody slightly braver.

The market was open. The door, unfortunately, came with fifteen locks and a different key for each.

- The setup nocnoc walked into
The Founders' Bet

Three founders, one knock

nocnoc was founded in 2018 by Ilan Bajarlia, Diego Szilagyi, and Joaquin Colella. Bajarlia took the CEO seat, Szilagyi the commercial side as CCO. Their wager was contrarian in a quietly Uruguayan way: instead of building yet another marketplace and begging shoppers to trust a new name, they would absorb the fragmentation themselves and resell access to it.

A brand would not need a reputation in Brazil. It would borrow nocnoc's. A brand would not need to learn Mexican customs. nocnoc already had. The complexity did not disappear - it was simply moved to the people who found it interesting rather than terrifying. That is the whole trick, and it is harder than it sounds, because it means nocnoc has to be genuinely good at the boring parts: shipping, tax codes, payout timing, return logistics in six countries.

The nocnoc handoff, in plain terms

  • You ship to: a nocnoc warehouse in the US (Miami, NY, LA, San Antonio) or China (Hong Kong, Dongguan, Yiwu, Ningbo, Jiaxing)
  • nocnoc handles: listings, localized pricing, marketing, customs, taxes, last-mile delivery, customer service, cancellations and returns
  • Your products appear in: nocnoc's trusted megastores across 20+ LatAm marketplaces
  • Time to go live: as little as 48 hours, no local entity required
The Product

One integration, endless paperwork (theirs, not yours)

What a seller actually touches is almost dull, which is the point. You connect a catalog through Shopify, an API, or nocnoc's Seller Center. From there the machinery turns over: AI-assisted listing optimization and pricing intelligence decide how the product should look and cost in each market; nocnoc's owned megastores carry it under a name shoppers already trust; and a logistics network with return centers in Mexico, Brazil, Argentina, Colombia, Chile and Uruguay quietly makes the physical part work.

Then there is the part sellers actually lose sleep over - getting paid. nocnoc typically settles with sellers about every 15 days. Its Advanced Payments product compresses that to three to five. In 2024 it went further, pairing with Ant Group and Zyla so that US sellers could, in the company's words, get paid "like a local." Cross-border money is its own kind of customs line, and nocnoc decided to stand in it too.

Mercado LibreAmazonWalmart MagaluCoppelFalabella AmericanasCarrefour+ more

A partial guest list of the marketplaces nocnoc lists onto. The "+ more" is doing the heavy lifting that brands used to do by hand.

"nocnoc typically pays sellers every 15 days; with Advanced Payments we accelerate this to 3 to 5 days."

- Diego Szilagyi, Co-founder & CCO

Milestones, knock by knock

2018
Founded in Montevideo by Ilan Bajarlia, Diego Szilagyi and Joaquin Colella.
2019-2022
Builds owned megastores across the region; expands warehousing in the US and China and return centers across six LatAm countries.
June 2023
Raises a $14M Series A led by PayPal Ventures - about $23.6M total raised.
2024
Crosses 1,200+ sellers and 180,000+ products; launches a cross-border megastore on Paris Marketplace.
Aug 2024
Strategic payments partnership with Ant Group and Zyla strengthens "get paid like a local."
48h
TO GO LIVE
1,200+
SELLERS
180K+
PRODUCTS
650M
CONSUMERS REACHED

Why the market made the bet make sense

LatAm cross-border eCommerce - directional figures cited by nocnoc and press, 2022-2023

$382B
Market size
(cross-border)
+44%
Cross-border
sales growth '22
~25%/yr
Projected annual
growth
~80%
Share of LatAm
eComm via marketplaces

Bars are scaled for legibility across different units (dollars, percentages, shares), not drawn to a single axis. Figures are approximate and directional - the kind of numbers that make a founder quit a comfortable job.

The Proof

Who actually shows up

The flattering version of any startup is a logo wall, so here is nocnoc's, with the usual caveat that a logo is a relationship, not a marriage: Sony, Unilever, Spin Master, iHerb, Wyze, Learning Resources, Honor, Ted's Electronics, FragranceNet. Brands that could, in theory, build their own LatAm operation - and have decided that 48 hours of someone else's plumbing beats 18 months of their own.

The numbers behind the wall are the more honest tell. More than 1,200 international sellers. Over 180,000 products listed. Warehouses on two continents, return centers on a third. One seller cited by the company planned 550% growth in FOB over six months - a figure best read as ambition rather than guarantee, but a useful glimpse of why brands knock in the first place.

"Partnering with Ant Group and Zyla was driven by the immense potential of leveraging each other's strengths to create a powerful synergy."

- Tomas Regusci, General Manager of China at nocnoc

The investors form their own kind of proof. PayPal Ventures led the Series A, joined by Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia. When a payments giant's venture arm backs a cross-border eCommerce company, it is usually because the unglamorous machinery - money moving across borders without breaking - is exactly the thing it understands.

The Mission

Make a continent feel like one checkout

Strip away the logos and the mission is small and stubborn: let a brand sell into Latin America without first becoming an expert in Latin America. Remove the cultural, logistical, regulatory and financial obstacles, and the region stops being a maze and starts being a market. nocnoc's bet is that the fragmentation that scared everyone off is not a flaw in the opportunity - it is the opportunity, as long as someone is willing to eat the complexity.

It is worth noticing where this was built. Not Sao Paulo, not Mexico City, not Miami - Montevideo, in one of the region's smaller countries, routing goods from the US and China into the entire continent. There is something fitting about a company named after a knock being run from the quiet house on the block.

Why It Matters Tomorrow

The door, a few years on

Latin America's online shopping is still growing, and the marketplaces are not consolidating into one tidy winner anytime soon. That means the fragmentation nocnoc was built to absorb is not a temporary inefficiency it will eventually out-grow - it is a renewable resource. Every new marketplace, every new country opening to cross-border shopping, is another lock for someone to carry the key to.

Back to that box leaving Miami. A few years ago it would have sat in a brand's "someday Latin America" folder, blocked by paperwork nobody wanted to learn. Now it leaves the dock, becomes Brazilian somewhere over the equator, and lands at a door in Sao Paulo - and the brand that made it spent its attention on the product instead of the customs form. The door was always there. nocnoc just decided to answer it.