The Latin American (Latam) fintech scene is booming, fuelled by supportive regulatory environments in several countries, the changing attitudes of banks and, of course, the move to digital transactions brought on by Covid-19. Consequently, the investment environment has remained robust even during the pandemic.
According to data from Latam Fintech Hub, the region’s fintechs raised a total of $545m in the first half of 2020, with 98% of funding concentrated in Brazil, Mexico and Colombia. Three business segments — lending, payments and financial tools for small and medium-sized enterprises — absorbed 84% of the total funding.