6 February, 2019
Fintech Snapshot – January 2019

Thiago PaivaIn our new monthly analysis of LatAm fintech news, Thiago Paiva looks at M&A, investments, trends, partnerships for the region’s startups.

This month, Brazil led the way for LatAm fintech deals in January  – plus several startups made deals with banks.

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By Thiago Paiva

 

After a strong year for the fintech ecosystem in Latin America, 2019 has started a little bit shyly. Only five fintech investments have been announced so far, worth US$ 35.2 million in disclosed investment. Brazil leads the way with 74% of the investments and Mexico holds the remaining 26% of the amount of the disclosed rounds.

Brazil had some exciting news regarding fintechs obtaining licenses to operate as financial institutions – PagSeguro as a bank and Creditas as a credit institution. Also, a great partnership between Bradesco and EasyCrédito while big companies join forces to explore the QR Code payment market.

In Argentina, a new neo bank is launched backed by a heavy-weight group.

After a solid year, I was expecting a better start for this one, even though January is usually a calmer month. Furthermore, the two leading economies just had a radical change in their governments and are still adjusting to their new reality.

As we say in Brazil, the year only starts for real after the carnival, which is at the beginning of March this year. So, let’s keep calm and prepare for the carnival – then, I’m quite confident we will have some relevant news.

Check out all the relevant fintech deals and news from January 2019 below:

Main deals

Regulations

Partnerships Bank/Fintech:

Relevant Moves

Stay tuned for the the February Fintech Snapshot next month.

Thiago Paiva is a partner at Liquia Digital Assets, an investment bank for the digital assets economy. He is passionate about the intersection of finance and technology.

He has 8+ years working with startups and innovation, investing in more than 60 startups through global accelerators Wayra (Telefonica’s global accelerator) and Startupbootcamp Fintech. He worked closely with more than 20 fintechs from 8 different countries for the past five years.

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