Fintech companies in Latin America have already achieved almost half of their total output in 2020

Financial technology or fintech companies continue to show significant growth. In this context, LatamFintech Hub has published investment data in the fintech companies in the region since 2019. This was reported by Diario Financiero in Chile.

Amongst other things, They stressed that in 2019, 82 deals were closed and raised $ 1,986 million, while in 2020, 199 deals were closed and an amount of $ 2,989 million was funded.

Regarding other details of the report, they said from Diario Financiero: “With regard to this first quarter of the year, they highlight this 90 rounds were conducted (20 not disclosed) and raised $ 1,294 million, of which $ 862 million was recorded in equity investments and $ 431 million in debt financing. In three months almost 50% of last year’s income was achieved“.

Fintech companies in Latin America have already achieved almost half of their total output in 2020
Fintech companies in Latin America have already achieved almost half of their total output in 2020

“Originally from Brazil, Nubank had the highest round of the reporting period at $ 400 million in January. Another investment round highlighted in the study is that of the Chilean migrant, which hit $ 30.9 million. Others in the Region are highlighted as Mexican ConfÃo ($ 60M) and Argentine Inviu ($ 15M), “they added.

Brazil at the top of the region

Another problem to consider is the following The country that leads the region in terms of investment in this sector is Brazil. Mexico, Colombia and Chile follow.

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