Number of fintechs in Latin America 2017-2023, by country
The number of fintechs grew significantly in all major Latin American countries between 2017 and 2023, but Brazil saw the number of fintechs decrease notably in 2023. During the observed period, Brazil was the leading country, with the number of fintechs increasing from 230 in 2017 to 722 in 2023. Mexico had the second-highest number of fintechs operating in the region.