The FinTech boom in Latin America: Stats, Trends, and Future Opportunities

 FinTech or Financial Technology has been a game-changer for the payment industry. Over the years, it has successfully transformed the payment industry’s offerings and customer-experience for good.

FinTech has satisfied the growing populations of developed countries which use cutting-edge technologies and electronic devices to manage their daily affairs.


And now FinTech is doing the same thing in many developing nations. The African continent is a prime example of that. However, over the years, Latin America has also emerged as the land of new FinTech opportunities with several FinTech start-ups and enterprises trying to bring a digital payment revolution there.

The entire region is experiencing a push toward innovative and upgraded technologies and payment options. Even the stats indicate the same.

FinTech start-ups in Latin America have received over US$ 600M in VC funding for the year 2017 alone. It’s interesting to note that 56% of the companies out of these were remittance and payments start-ups.

In the following year, 25% of all VC investments were FinTech related. Talking about Latin American FinTech Start-ups, Mexico is leading the race with 394 FinTech start-ups followed by Brazil with 380 start-ups.



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