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IDB and Finnovista publish the second edition of the largest study of the Fintech industry in Latin America

8/11/18

The data from the second edition of the report "Fintech in Latin America 2018: Growth and Consolidation" developed by the Inter-American Development Bank (IDB) and Finnovista could not be more positive.
Tiempo de lectura: < 1 minuto

1166 Fintech startups have been identified in the region, reflecting a 66% growth since the first measurement conducted by both institutions in 2017. This report describes the evolution and progress since last year's measurement and analysis, as well as examining new dimensions relevant to the ecosystem.

The report also highlights that two out of three start-ups are already in advanced stages of development, and that Fintech activity grew from 15 to 18 countries in the last year. Following the trend observed in 2017, Brazil is the country with the highest number of start-ups with 380, followed by Mexico with 273, Colombia with 148, Argentina with 116 and Chile with 84.

The new report highlights the challenges facing the industry today, while reflecting the inevitable transformation of the financial sector and the role of entrepreneurs in accelerating innovation and changing the ways in which people have interacted with financial services to date.

We invite you to download the full report for free by clicking HERE and get an in-depth update of the largest information survey ever carried out in Latin America.

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