Fintech in Brazil - 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. Latin America has recently seen an increase of fintech startups being created, with Brazil, Mexico, and Colombia as the countries with the highest number of fintech startups. With one of the largest Latin American financial markets, Brazil's number of fintechs has soared over the past years.

Adding up adepts

Seeing the considerable growth of the fintech sector in the South American country, over two thirds of Brazilians have started to use these newly available financial services, which translates in an increase of over 60 percent in the fintech adoption rate between 2017 and 2019. The segment of digital payments is expected to gather most of the attention, with more than 166 million users forecast by 2023. But even since 2017, one fourth of Brazilian internet users had conducted consultations, payments, or other financial transactions online. Nevertheless, as a developing nation, the financial industry in Brazil still faces difficulties: for instance, it was estimated that less than one fourth of Brazilians had not access to a bank account, and even more had not access to internet services. Fortunately so, the share of people with bank accounts and with access to the internet have been on a climb since 2010.

Leading players

Ebanx, Nubank, GuiaBolso and PagSeguro are some of the leading fintech companies in Brazil as of 2019 in terms of number of customers. PagSeguro and Nubank, for example, are among the Brazilian startups that have been valued at more than one billion U.S. dollars, being labelled as "unicorn" companies. In the case of PagSeguro, the company's client base has allowed it to grow since 2006, year in which it started to operate, recently reaching a total assets value of nearly 14.6 billion Brazilian reals. On the other hand, Nubank owns total assets for nearly 32.5 billion Brazilian reals and has been able to attract the largest volume of investments in comparison to other startups as of February 2021.

Key figures

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

Fintech adoption

Brazilian fintech companies

Nubank

Interesting statistics

In the following 6 chapters, you will quickly find the 29 most important statistics relating to "Fintech in Brazil".

Fintech in Brazil

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Fintech in Brazil - 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. Latin America has recently seen an increase of fintech startups being created, with Brazil, Mexico, and Colombia as the countries with the highest number of fintech startups. With one of the largest Latin American financial markets, Brazil's number of fintechs has soared over the past years.

Adding up adepts

Seeing the considerable growth of the fintech sector in the South American country, over two thirds of Brazilians have started to use these newly available financial services, which translates in an increase of over 60 percent in the fintech adoption rate between 2017 and 2019. The segment of digital payments is expected to gather most of the attention, with more than 166 million users forecast by 2023. But even since 2017, one fourth of Brazilian internet users had conducted consultations, payments, or other financial transactions online. Nevertheless, as a developing nation, the financial industry in Brazil still faces difficulties: for instance, it was estimated that less than one fourth of Brazilians had not access to a bank account, and even more had not access to internet services. Fortunately so, the share of people with bank accounts and with access to the internet have been on a climb since 2010.

Leading players

Ebanx, Nubank, GuiaBolso and PagSeguro are some of the leading fintech companies in Brazil as of 2019 in terms of number of customers. PagSeguro and Nubank, for example, are among the Brazilian startups that have been valued at more than one billion U.S. dollars, being labelled as "unicorn" companies. In the case of PagSeguro, the company's client base has allowed it to grow since 2006, year in which it started to operate, recently reaching a total assets value of nearly 14.6 billion Brazilian reals. On the other hand, Nubank owns total assets for nearly 32.5 billion Brazilian reals and has been able to attract the largest volume of investments in comparison to other startups as of February 2021.

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