Country: Argentina

A number of new “Silicon Valleys” have been declared around Latin America that point to a bright future for innovation in the region.

Many Latin American startups lost funding opportunities and are not sufficiently supported by government initiatives in the midst of COVID-19. Despite this, the start-up community remains resilient and innovative with fully virtual accelerator events carried out in different countries across the region.

In spite (or perhaps because) of the poor economic conditions in Argentina, both entrepreneurs and investors have begun to devote more time and capital in growing the fintech sector. This sector is primed for continued growth in Argentina given its competitive advantages.