Chilean and Colombian Fintech Companies Meet Up to Discuss the Potential of the Industry

FinteChile’s partner companies joined this business tour to evaluate the expansion of their ventures and connect with the most important Colombian players in the fintech industry.

FinteChile’s recent business tour had a positive balance, an instance that lasted three days and where 15 companies were able to participate, for the first time, in different meetings in Medellin and Bogota with only one objective: to prepare their commercial landing in Colombia.

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During the visit, the Chilean delegation was able to participate in the Latam Fintech Market 2022

According to FinteChile’s latest study, 79% of the companies in this area are considering expanding their business to other countries, so one of the aspirations of the association is to promote visits to the markets of greatest interest for fintech companies, such as Mexico, Peru, and Colombia.

Angel Sierra, executive director of FinteChile, said that one of the main benefits of opening operations in Colombia is mainly the opportunity to capitalize on the size of the market and, in addition, its regulation, which is already created for all fintech business verticals. “Colombia is a country with almost 50 million inhabitants, with financial inclusion rates far below those of Chile and the region, therefore, these inclusion and innovation gaps are a great opportunity for those who decide to address this market,” said the professional.

During the visit, the Chilean delegation was able to participate in the Latam Fintech Market 2022, which took place in Medellín and is recognized as the most important fintech event in the country, participate in a series of talks with Ruta N, to have a look at the Colombian entrepreneurial ecosystem and be guided in the planning and design of its landing strategy in the country, and visit the regional offices of TransUnion in Latin America, to understand the dynamics of financial data in the country.

This is the second commercial tour promoted by FinteChile for its associates in 2022. Previously, 15 fintech companies made a similar visit to Mexico.

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(Featured image by bergslay via Pixabay)

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

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