Colombian Fintech Companies Choose Madrid to Develop Their Projects
During the event, it was highlighted that Madrid continues to be one of the most attractive cities for the fintech industry. Its quality of life, infrastructure network, and proximity to the regulator may be some of the key factors. As proof of this is that 50 Colombian fintech companies have already expressed their interest in setting up in the Spanish capital to develop their projects.
A great number of Colombian fintech companies took part in the event organized by Finnovating.
Bogota hosted the FinTech Unconference Colombia 2023, organized by Finnovating, in collaboration with Madrid Investment Attraction (MIA) and Invest in Bogota, a meeting that brought together more than 150 fintech leaders and a total of 170 attendees.
This is a private meeting that brings together the main players in the country’s financial and insurance sector and was attended by banks, insurers, investors, associations, and authorities, along with representatives of the fintech and Insurtech industry.
During the event, it was highlighted that Madrid continues to be one of the most attractive cities for the fintech industry. The majority of the Colombian fintech companies present at the event agreed to that. Its quality of life, infrastructure network, and proximity to the regulator may be some of the key factors.
If you want to read more on the subject and to find out why Colombian fintech companies are choosing Madrid to develop their projects and to find the most important financial news from around the world, download for free our companion app. The Born2Invest mobile app is available for free for both Android and iOS devices.
As proof of this is that 50 Colombian fintech companies have already expressed their interest in setting up in the Spanish capital to develop their projects
“We want to give global visibility to Colombian FinTechs to help them accelerate their attraction of investment, clients, and strategic partners. In addition, through the Soft-landing program, we hope to also help them to better understand how the local ecosystem works in a city like Madrid,” said García de la Cruz, CEO of Finnovating.
For its part, Colombia continues to gain weight within the fintech industry, which generated more than 9,000 jobs in the country in 2022. This 2023, it is expected that the trend will continue to rise and that Bogota will become one of the key centers of the fintech and insurtech ecosystem worldwide.
According to the latest Finnovating report, fintech Global Vision 2023, Colombia is the third country with the largest fintech presence in Latin America, after Brazil and Mexico, with 642 active fintech companies, which places the country in 12th place worldwide.
(Featured image by Alejandro Alfaro M via Unsplash)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in LR LA REPUBLICA, 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.
Atomic Wallet Hack: Stolen Cryptocurrencies End Up at North Korea-Linked Coin Mixer
As the aftermath of the Atomic Wallet hack unfolds, it highlights the ongoing challenges associated with securing crypto assets and...
Italian Parliament Will Work on Regulating the DLT Market
The integration of DLTs into corporate law starting with the representation of financial products and instruments in digital form is...
Ibions Seeks Investors and Anticipates Revenue of €1.5 Million in 3 Years
The objective of this first round of investment is to complete the development of the platform through which the company...
Canadian Cannabis Companies Have 1.5 Billion Grams of Unsold Cannabis
There are many reasons for this unsold inventory. To overcome these challenges, Canadian cannabis companies are looking for alternative outlets....
Fintech Companies in Colombia Have Seen Significant Growth
Regarding financial inclusion in Colombia, Liza Villabona, vice president of digital transformation at Crezcamos, believes that informal credit continues to...
Featured2 weeks ago
P&G SGR and UpsideTown Launch Energy Town Fund Dedicated to Renewables
Biotech4 days ago
Ephion Health Raises €300,000 and Plans the Launch to Germany, France, and the UK
Featured1 week ago
How the Fintech Sector Helps with Financial Inclusion
Featured2 days ago
Attracting Foreign Investment, an Administrative Odyssey for Fintech Companies in Spain