Latin American companies recorded huge growth in FinTech funding through the first half of 2021. Total capital invested at mid-year reached an all-time high of $7.6bn exceeding 2020’s total of $2.9bn. Funding has more than doubled compared to 2020 and is driven by sizable investments over $50m. The growth in Latin America’s FinTech adoption and …
In Latin America, 1 out of every 5 fintechs operates in the lending sector. It is the vertical with the largest regional presence after payments. Therefore, Latin America’s lending fintechs are offering additional financial products in a bid to stand out in a market that is increasingly competitive. Most of the neobanks in the …
Latin America has become a hot market for startup innovation in the consumer lending category. Their vision is to turn a negative connotation into one that not only helps short-term borrowers, but builds their credit and provides financial education. For instance, in recent months we have been able to see different investment rounds in Latin …