8 October, 2019
Fintech Snapshot – September 2019

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

September was the year’s busiest month for fintech investment as 17 companies raised a combined US$ 613.5 million.

Imagen
By Thiago Paiva

After a quiet August (check it out my August Snapshot), September was the most active month of the year for fintech investment in Latin America. A total of 17 deals (14 equity, 2 debt, and 1 M&A), raised a total of US$ 613.5 million (US$ 313.5 million in equity and US$ 300 million in debt) for Latin American fintechs.

Definitely, the most relevant deal was Softbank’s US$250 miillion investment in the proptech QuintoAndar. With that, QuintoAndar joined the unicorn club.

Also, the Mexican market is attracting more and more attention. The lending fintech Konfio landed an impressive US$ 250 million in debt financing from Goldman Sachs and Victory Park Capital. Klar, a new neobank, raised a major Seed round of US$ 7.5 million led by Quona together with a US$ 50 million in debt financing from Arc Labs.

On the regulatory side, the deadline expired for the Mexican fintechs to apply for licenses to continue operations. The CNBV (Mexico’s securities regulator) announced that it received 85 applications for fintech licenses; this is a great number considering that the requirements weren’t easy.

As we’re entering the last quarter of the year, I would like to share a report analyzing the first 3 quarters of the year. Check it out below:

Source: Thiago Paiva

Well, let’s jump into the relevant fintech deals and news of September, and stay tuned for the next Fintech Snapshot next month! 

 

Main Investments

 

M&A

Regulations

 

Partnerships:

 

Relevant Moves

 

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 9+ 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.

LatAm fintech insights
Get the scoop on how your peers, competitors and clients are using fintech to get ahead. Leave your details to receive iupana's exclusive, in-depth coverage of banking technology in Latin America and the Caribbean in your inbox on Monday mornings. (You can unsubscribe in one-click if you decide it's not for you.)
Español English Português

Survey