Latin America continues to be an emerging hotbed of financial technology growth, while on the opposite end of the spectrum Asia’s fintech industry remains caught in a downward spiral, according to a new global report from CB Insights.

The New York-based big data company found that fintech funding in LatAm hit a six-quarter high of $481 million across 23 deals for the second quarter of 2019, surpassing both China and India for the first time. 

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