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76% of the Working Population in Colombia Uses Fintech Solutions

According to the Fintech guild, in Colombia, 76% of the population active in the financial sector works with fintech solutions. In fact, it adds, the country currently has 322 companies dedicated to financial innovation, distributed in nine segments, including credit and digital payment, and corporate finance, among others.

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With the aim of bringing together the most important fintech companies in Ibero-America, the Colombia Fintech guild is organizing the fourth version of the Latam Fintech Market 2022, which will take place on September 27 in Medellin. The capital of Antioquia was chosen for this event in which the trends, challenges and projections of the sector will be presented.

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Latam Fintech Market 2022 will have a capacity for more than 850 attendees

This important event that highlights the fintech sector will have more than 15 commercial stands, 6 conferences, and four panels, focused on Digital Credit, Open Banking, Global Fintech Trend, Disruptive Models, Digital Payments, and Fintech Unicorns. In addition, there will be a networking space such as the Fintech Party.

According to Erick Rincón, president of Colombia Fintech, Latam Fintech Market 2022 is an opportunity for the industry to reconnect with all the players in the sector, after the lock-in and virtuality generated by the pandemic. “Our event will feature an academic agenda, in which we will have national and international panelists, as well as there will be a trade show and spaces conducive to networking.”

Likewise, Latam Fintech Market 2022 will have a capacity for more than 850 attendees and more than 18 national and international speakers, as well as 450 attendees in the Fintech Talks space.

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According to the Fintech guild, in Colombia, 76% of the population active in the financial sector works with fintech solutions. In fact, it adds, the country currently has 322 companies dedicated to financial innovation, distributed in nine segments, including credit and digital payment, and corporate finance, among others.

According to the latest report prepared by Colombia Fintech, as of May 2022, companies offering digital credit service have a 33.11% share, followed by digital payments (26.42%), corporate finance (10.37%), Regtech (9.36%), PFM & Wealthtech (8.63%), Crypto & Blockchain (4.01%), Crowdfunding (4.01%), Insurtech (3.01%) and Neobancos (1.34%).

Colombia’s Fintech ecosystem has generated more than 9 thousand jobs and 75% of the organizations occupy, on average, a workforce of between 1 and 50 collaborators. Likewise, 83% of the ecosystem’s collaborators are employed under an indefinite-term contract.

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(Featured image by Clay Banks via Unsplash)

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First published in 360RADIO, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.