Finnovista and IDB Convene Fintech Companies to Participate in Report on the Ecosystem in Latin America

The Inter-American Development Bank (IDB) and the research and investment firm Finnovista, launched a call for the financial technology sector to participate in the report on the analysis of the Fintech ecosystem landscape in Latin America and the Caribbean.

The agencies are inviting Fintech startups to participate in a survey on the industry landscape that contributes to the fourth edition of the study, which is expected to be launched during the second quarter of 2024.

Read more about the report on the fintech ecosystem in Latin America that Finnovista and IDB are creating and find the latest financial news of the day with the Born2Invest mobile app.

Why Finnovista and IDB joint report is important

Finnovista and the IDB will include firms from Mexico, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Guyana, Haiti, Honduras, Jamaica, Nicaragua, Panama, Paraguay, Peru, Suriname, Trinidad and Tobago, Uruguay and Venezuela.

Participation in the report will be open from October 2nd through December 1st and will seek to include established financial technologies from any segment, start-up firms with operations in Latin America and the Caribbean, as well as regional Fintech leaders with operations in several countries in the region.

In their latest joint report published in May 2022, “Fintech in Latin America and the Caribbean: a consolidated ecosystem for recovery,” the number of Fintech platforms had grown at a rate of 112% since 2018, reaching 2,482 by the close of 2021.

“Appearing in the reports supported by the IDB and Finnovista offers Fintech startups in the region unique opportunities to access key resources, establish valuable relationships and expand their impact in the field of financial development and innovation,” both institutions said through a statement.

These reports provide in-depth knowledge of the main segments and markets, their evolution and characteristics, as well as the competitive and regulatory environment, facilitating the identification of trends and opportunities. For the 2024 report, the firms informed that they plan to include an analysis of the impact, sustainability, and inclusion of the sector, framed in the Sustainable Development Goals (SDGs) of the 2030 Agenda.

“These biannual reports together with the IDB are a major effort that involves research and analysis with proprietary methodologies, as well as the participation of companies, associations, regulators, and Fintech investors in all latitudes of the subcontinent,” explained Andrés Fontao, co-founder and managing partner of Finnovista.

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(Featured image by Leon Overweel via Unsplash)

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

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