Try our corporate solution for free!
(212) 419-8286

Fintech in Latin America - Statistics & Facts

The financial technology sector, also known as fintech, is an emerging industry that focuses on developing innovations to improve the delivery of financial services and their use by everyday consumers. It comprises segments such as digital payments, big data, investments and alternative finance. The number of fintech startups in the Americas was estimated at almost six thousand as of 2019. The alternative finance market in Latin America and the Caribbean was worth over 340 million U.S. dollars as of 2016. Latin American fintech projects had an expected return on investment of more than 20 percent in 2017, an average well above other regions such as Europe, Oceania and Africa.

The leading Latin American countries by total number of fintech startups were some of the regions’ largest economies based on gross domestic product: Brazil, Mexico and Colombia. On a more local level, São Paulo, Mexico City, and Bogotá proved to be the region’s most important fintech hubs based on the number of fintech initiatives they hosted. The sector of payment and remittances was the one with the highest concentration of fintechs in Brazil, Mexico, Colombia, Chile, and Argentina. Other key fintech segments included lending, enterprise financial management and crypto-currencies.

In Brazil, the startups Creditas, Nubank and GuiaBolso were considered some of the most successful fintechs, whereas in Mexico, the companies Clip, Kueski and Kubo.financiero were among the startups that were able to raise the largest amount of funds during investment rounds. When it comes to revenue, the majority of Latin American fintechs seemed to be in their early stages, focusing on growth. For example, more than half of Colombian fintech startups reported generating less than one hundred thousand U.S. dollars in revenue in 2017.

Fintech adoption still faces crucial challenges in the Latin American region. In 2017, it was found that around 40 percent of the digitally active population in Brazil were fintech users, whereas in Mexico that percentage amounted to only 36 percent, one of the main reasons being the lack of knowledge about these initiatives among Mexican consumers. A recent survey in Colombia also revealed that the lack of financial education, along with deficient financial infrastructure, were the main barriers towards fintech innovation.

Interesting statistics

In the following 6 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Fintech in Latin America".

Fintech in Latin America

Dossier on the topic

All important statistics are prepared by our experts – available for direct download as PPT & PDF!

Important key figures

The most important key figures provide you with a compact summary of the topic of "Fintech in Latin America" and take you straight to the corresponding statistics.

Fintech investments

Fintech adoption


Get in touch with us. We are happy to help.
Statista Locations
ContactHadley Ward
Hadley Ward
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

ContactZiyan Zhang
Ziyan Zhang
Customer Relations– Contact (Asia)

Mon - Fri, 11:30am - 10pm (IST)

ContactKisara Mizuno
Kisara Mizuno
Customer Success Manager– Contact (Asia)

Mon - Fri, 9:30am - 5:30pm (JST)

ContactLodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

ContactCatalina Rodriguez
Catalina Rodriguez
Key Account Manager - LAC– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)