Fintech in Latin America and the Caribbean. A Consolidated Ecosystem for Recovery.
For the first time, a regulation summary for five fintech segments and two types of regulatory innovations is included, showing progress in public policies in the region, accompanied by a useful interactive tool.
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The Fintech ecosystem in Latin America and the Caribbean (LAC) has evolved and grown over the past three years. The number of platforms grew at a rate of 112% since our last measurement in 2018, reaching 2482 by the end of 2021.
In an underbanked region like Latin America, Lendingtech companies have begun to close the existing credit access gap.
The number of fintechs is related to the size of the economies and their regulatory development, among other factors: 80% of them are concentrated in Brazil (31%), Mexico (21%), Colombia (11%), Argentina (11%), and Chile (7%).
The diversity of fintech segments: Payments and Remittances (23%) and Loans (18%), Enterprise Technologies for Financial Institutions (14%), Business Finance Management (10%), and Personal (7%) lead in the region.
Investment in fintech platforms increased significantly to more than US$6.093 billion in 2021, showing the sector's potential growth in LAC.
Note this report is in Spanish.