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Fintech in Brazil - statistics & facts

The fintech sector is an emerging industry that focuses on developing innovations to improve the delivery of and facilitate the use of financial services. It comprises segments such as digital payments, big data, investments, and alternative finance. Latin America has recently seen an increase in fintech startups, with Brazil, Mexico, and Argentina having the highest number of fintech startups in the region. With one of the largest Latin American financial markets, Brazil's number of fintechs has soared over the past years.

Are Brazilian customers ready for fintech?

Given the considerable growth of the fintech sector in Brazil, an increasing number of Brazilians are expected to use some kind of fintech solution, with the sector of digital payments gathering most of the attention. Since 2017, the number of Brazilians who conducted consultations, payments, or other financial transactions online increased steadily over time, reaching one-third of the internet users in the country in 2021. Nevertheless, as a developing nation, the fintech industry in Brazil still faces difficulties: for instance, it was estimated that roughly one-fourth of Brazilians had no access to internet services in 2021. However, the share of people with internet access has increased steadily since 2010.

Which are the largest fintech companies?

Nubank, Creditas, and Ebank are some of the leading fintechs in Brazil. Creditas and Ebank also rank among the leading South American unicorns - startups that have been valued at more than one billion U.S. dollars. The neobank Nubank has seen its customer base increse steadily since its foundation in 2013, and it currently holds assets worth almost 50 billion Brazilian reals. Named Bank Fácil until 2016, the Sao Paolo headquartered Creditas has 1,600 employees working in six different offices located in Brazil, Mexico, and Spain. This lending platform received total investments of almost 850 million dollars since its foundation in 2013.

Interesting statistics

In the following 4 chapters, you will quickly find the 20 most important statistics relating to "Fintech in Brazil".

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