Global fintech report from CB InsightsLatin America Fintech Boom Continues While Asia Remains in Slump
The latest global fintech report from data firm CB Insights 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.
August 14, 2019 at 04:57 PM
4 minute read
The original version of this story was published on Corporate Counsel
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.
Several LatAm fintech startups are helping to drive the growth, including Mexican electronic payments company Clip, which has raised $147.4 million in funding, and Argentina's digital banking services firm Technisys, which has garnered $64 million in funding since 2014.
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