Barranquilla Hosts the Latam Fintech Market: Over 1,800 International Experts Attending the Event

For two days, the Puerta de Oro Convention Center in Colombia is the epicenter of financial innovation with the arrival of the Latam Fintech Market, an international summit that brings together more than 1,800 experts from the fintech sector. This event aims to analyze current perspectives and trends in the world of technological finance.

Among the keynote speakers is David Vélez, CEO of Nubank, who shared his experience as leader of the digital bank that has more than 100 million clients in Brazil, Mexico and Colombia. Vélez is recognized for his role in the transformation of the digital banking sector in Latin America and his presentation promises to offer valuable perspectives on the future of fintech.

During the summit, attendees will have the opportunity to hear from speakers from some of the most influential companies globally, participating in a series of talks and panels that will address the latest developments and challenges in the sector. Experts and fintech industry leaders will discuss crucial topics that will shape the future of finance.

Exponential growth in neo banks and fintech companies

During the first day of talks, Ignacio Giraldo, CEO of RappiPay, revealed an impressive increase in fundraising by neo banks in Colombian territory.

According to Giraldo, a year ago the country’s neobanks had a deposit of 200 billion pesos. However, the most recent data show that this figure has climbed to reach four trillion pesos.

“This is an issue that we have to celebrate as Colombia because decentralization has arrived and is happening today in the market. This evolution is wonderful and I think we all have to embrace it because that is how the ecosystem is going to win,” said the businessman.

This remarkable growth reflects a growing acceptance and dynamism in the neobank sector. Giraldo projects that, by the end of 2025, the market share of neobanks could reach between 15% and 20%.

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(Featured image by ErickSalasA via Pixabay)

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

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