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Radares

The number of Fintech startups grew by an average of 19.7% per year since 2019 in Colombia, up to 369

18 July 2023

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Fintech Radar Colombia

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  • The number of Fintech startups grew by an average of 19.7% per year since 2019 in Colombia, up to 369

Finnovista identifies in this latest edition of the Finnovista Fintech Radar Colombia 90 new startups in the country. In this latest period analyzed, 50 Colombian startups ceased operations, which represents a mortality rate of 17.9% in 2022.

The Lending segment is the leader in the Fintech services offering, with 103 startups covering almost 27.9% of the sector.

With a sample of 114 startups, representing 31% of all Fintechs in Colombia, almost 30% have been identified as highlighting Colombia's strong regulatory framework as an important advantage, providing a stable base for them.

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