The Most Promising Latin America 2023

Latin America is a rapidly growing region with a dynamic fintech industry that has been gaining traction in recent years. With the increasing adoption of digital technologies and the growing demand for financial services, the fintech market in Latin America is poised for significant growth. As a result, the region has become a hotbed for fintech innovation, with numerous startups and established companies offering a range of innovative products and services.However, the Latin American region witnessed a decline of 58% in FinTech investment in 2022, as it reached $5.4 billion, as compared to the previous year. Additionally, the number of deals recorded was 341, which was 15% less than that of 2021. Among the countries in Latin America, Brazil was the most active, with 134 deals announced, representing a 39% share of the total FinTech deals in the region.

PayTechs, Open Banking, Lending/Credit, and InsurTech are some of the most popular fintech solutions in Latin America. However, their valuations are expected to face challenges in 2023, and the number of new entrants in the region is expected to decline.

A list of 25 of the most promising fintech businesses in the Latin America region has been compiled. Some of the selected startups include Vexi, Ali Credito, Aplazo, and others.

https://fintech.global/2023/03/15/latin-american-fintech-investment-suffers-in-2022-declining-58/