The number of fintechs grew significantly in all major Latin American countries between 2017 and 2023, but Brazil saw the number of fintechs decrease notably in 2023. During the observed period, Brazil was the leading country, with the number of fintechs increasing from 230 in 2017 to 722 in 2023. Mexico had the second-highest number of fintechs operating in the region.
Growth of fintechs in Latin America between 2017 and 2023, by country
Characteristic
Brazil
Mexico
Colombia
Argentina
Chile
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Inter-American Development Bank. (June 20, 2024). Growth of fintechs in Latin America between 2017 and 2023, by country [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1341094/growth-fintech-latin-america/
Inter-American Development Bank. "Growth of fintechs in Latin America between 2017 and 2023, by country." Chart. June 20, 2024. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1341094/growth-fintech-latin-america/
Inter-American Development Bank. (2024). Growth of fintechs in Latin America between 2017 and 2023, by country. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1341094/growth-fintech-latin-america/
Inter-American Development Bank. "Growth of Fintechs in Latin America between 2017 and 2023, by Country." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1341094/growth-fintech-latin-america/
Inter-American Development Bank, Growth of fintechs in Latin America between 2017 and 2023, by country Statista, https://www.statista.com/statistics/1341094/growth-fintech-latin-america/ (last visited July 27, 2024)
Growth of fintechs in Latin America between 2017 and 2023, by country [Graph], Inter-American Development Bank, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1341094/growth-fintech-latin-america/