Country: Brazil

São Paulo has enormous potential as a fintech hub. Its large and growing economy, a diverse and skilled workforce, excellent governmental and tech ecosystem support, and a strong entrepreneurial culture - complemented by the fact that it’s a wonderful place to live and work - mean the smart money for the world’s next fintech hub is on here.

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.

As Covid-19 lockdown restrictions in certain parts of Latin America begin to ease, stories are being unveiled about those companies that survived the storm and even increased their profitability.