A consolidated ecosystem with the potential to contribute to regional financial inclusion.
The Fintech ecosystem recorded a growth of more than 340% in the number of technology finance startups created in the last six years, going from 703 companies in 18 countries in 2017, to 3,069 in 26 countries in 2023, according to the fourth report in the Fintech in Latin America and the Caribbean series.
Brazil continues to be the country in the region with the largest number of fintech ventures, with 24% of the total. It is followed by Mexico with 20%, Colombia with 13%, and Argentina and Chile with 10% each.
Peru, Ecuador, Dominican Republic, Uruguay, Costa Rica and Guatemala constitute a set of emerging markets that is developing with remarkable dynamism, registering an average annual growth of 44% between 2017 and 2023.
The segments that lead the number of platforms in the region continue to be payments and remittances, with 21% of the total number of companies, loans with 19% and corporate finance management with 13%.
Note this report is in Spanish.