Fintechs Latam reaches $8 billion investment

A total of 1,075 Fintech companies from Brazil, Mexico, Argentina, Colombia and Chile were raised with $8,092.2 million in funds by 2020, according to KoreFusion. From there, three main categories stand out: Payments, Loans and Digital Banks, which concentrate more than 95% of the financing. Brazil is the country that accounts for most of the investment, representing almost 77% ($6.2 billion) of the total. It is followed by Mexico with 16% ($1.3 billion), followed by Argentina with 3.6% ($295.9 million), Colombia with 3.5% ($284.5 million) and Chile with 0.1% ($11.8 million).

Source: Ámbito