Fintech: Latin American talent will bring the region through Covid 19

Home - Fintech: Latin American talent will bring the region through Covid 19


Fintech: Latin American talent will bring the region through Covid 19

Covid 19 is hitting Latin America hard, but innovators in the fintech industry will help bring the region back to growth by 2021.

According to the World Bank, in 2021 Latin America will register a growth of 2.6%, the highest figure since 2013.  Economically speaking, Latin American countries would be able to overcome the worst economic impacts in less than a year.

In this future growth scenario, one of the key industries is fintech. Currently, there are more than 1,100 fintech companies in Latin America and more than half have started their businesses in the last six years. This growth is reflected in investments: fintech companies in the region obtained more than US $ 2.6 billion in funds in 2019.

The growth of Latin American fintech companies is based on their technological talent. The quantity and quality of Latin American technological talent showed sustained growth in recent years. According to Stack Overflow, the most important developer site, the average reputation of the developers is higher in Latin American countries (such as Peru, Colombia, Chile, Argentina, and Brazil) , than for India and China. Despite the fact that India has a greater number of tech professionals, the quality of developers in Latin America is greater than or equal to that of Indian programmers.

One example is Konfio, one of the leaders of fintech in Mexico. It is a financial services platform that includes technology, data analysis and artificial intelligence. With more than a million registered users, in 2019 it received investments of more than US$ 350 million from Softbank and Goldman Sachs. In addition, it was named by the Financial Times as one of the 50 fastest growing companies on the continent.

In Latin America there are 21 unicorns, companies whose value exceeds US $ 1 billion. Two are performing particularly well in the Covid era.

PagSeguro Digital, founded in 2006 in Brazil, offers innovative payment solutions for users and companies. Its shares listed in the US have doubled since a low in late March.

MercadoLibre, the e-commerce platform based in Argentina. Its shares have soared 55% this year as consumers drove a 34% year-over-year increase in gross merchandise volumes during the first quarter.

Those are just two stories in a region filled with endless possibilities. For Latin America to achieve its full potential, talented human capital and financial capital must be in alignment. These innovators are providing access to both, precisely when they’re needed most.

10 thoughts on “Fintech: Latin American talent will bring the region through Covid 19

  1. website link - July 4, 2020 2:14

    whoah this weblog is fantastic i like reading your posts. Keep up
    the good work! You know, a lot of individuals are
    looking around for this information, you could help them greatly.

  2. why not try this out - July 20, 2020 4:18

    It’s not my first time to visit this website, i am browsing this site dailly and take nice facts from here every day.

  3. see here now - July 24, 2020 12:45

    May I just say what a comfort to find somebody who actually understands what they are
    talking about on the internet. You definitely know how to bring a problem to light and make it important.

    More and more people need to check this out and understand this side of the story.
    I was surprised you’re not more popular given that you certainly
    have the gift.

  4. look at this web-site - July 30, 2020 10:03

    This is my first time visit at here and i am in fact pleassant to read all at alone

  5. - August 2, 2020 3:30

    Hi, just wanted to tell you, I enjoyed this blog post.
    It was inspiring. Keep on posting!

  6. - August 13, 2020 9:02

    I do not even know how I ended up here, but I thought this post was good.
    I don’t know who you are but definitely you’re going to a famous blogger if
    you aren’t already 😉 Cheers!

    My page:

  7. read the article - September 15, 2020 2:29

    This information is worth everyone’s attention. When can I
    find out more?

  8. - September 22, 2020 4:56

    This website truly has all the information and facts I wanted concerning this subject and didn’t know
    who to ask.

  9. - September 22, 2020 7:53

    Wonderful post however , I was wanting to know if you
    could write a litte more on this subject? I’d be very grateful if you could elaborate a little bit further.
    Appreciate it!

  10. MyTurboPC - September 22, 2020 11:30

    Good information. Lucky me I discovered your blog by accident (stumbleupon).
    I’ve book marked it for later!

Write your comment Here

Terms and Condition | Privacy Policy

Icon Scroll