{"id":4357,"date":"2018-10-17T22:14:12","date_gmt":"2018-10-17T22:14:12","guid":{"rendered":"https:\/\/www.finnovista.com\/will-china-drive-growth-in-latam-fintech\/"},"modified":"2020-04-20T02:31:49","modified_gmt":"2020-04-20T02:31:49","slug":"will-china-drive-growth-in-latam-fintech","status":"publish","type":"post","link":"https:\/\/www.finnosummit.com\/en\/will-china-drive-growth-in-latam-fintech\/","title":{"rendered":"Will China Drive Growth in LatAm Fintech?"},"content":{"rendered":"

News broke only a few days ago, <\/span>Nubank is now worth $4 billion after Tencent\u2019s $180 million investment<\/a><\/strong>. A sentence that can be ripped apart and dissected, each of the eleven words of equal importance, whether it\u2019s Nubank\u2019s continued classification as Latin America\u2019s first Fintech unicorn, the neo-bank opportunity in the region or the (now public) entry of Tencent, the Chinese internet giant into the Fintech opportunity in Brazil and Latin America.<\/span><\/p>\n

And while the news is hot off the press, it\u2019s something I\u2019ve been thinking about a lot over the past ten months. I first thought about it months ago when <\/span>99Taxis was acquired by Didi<\/a><\/strong>.<\/strong> In my eyes, it marked a before and after for Asian involvement in the LatAm startup scene; if they are already eyeing opportunities in other verticals, Fintech would surely be next considering the size of the opportunity in Latin America and the maturity of the Chinese Fintech market.<\/span><\/p>\n

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Miguel Herrera from Quona summed it up best at <\/span>FINNOSUMMIT<\/a><\/strong> Mexico in September when talking about Fintech Trends from China:<\/span><\/p>\n