Generic selectors
Exact matches only
Search in title
Search in content
escuchar_post
amenidad_post
carrera_liderazgo
recursos
web-story
opinion_post

The future of finance in LatAm & the Caribbean

June 16, 2021

Argentine insurers get greenlight for fintech investments

Aug 27, 2018

Argentina's insurance companies can invest in fintechs via venture capital

Regulators allow Argentina’s insurance companies to invest in startups via venture capital funds

 

Argentine fintech companies are eyeing a new, USD 131 million pot of potential investment, thanks to a recent rule change.

Insurance companies can now invest up to 1% of their portfolio in startups, via venture capital funds. That equates to around ARS 4 billion (USD 131 million), according to Mariano Mayer, Argentina’s secretary for entrepreneurship and SMEs.

Previously, insurance companies were not allowed to invest in such funds, due to their high risk of losses.

Under Argentina’s entrepreneurship law, such investments are eligible for tax incentives.

Currently, Argentine insurers invest close to 40% of their portfolio in government bonds, and around 26% in domestic investment funds.

Are you subscribed to our weekly newsletter?

Leave your details to receive our Monday briefing on the key news in digital banking, fintech and payments in Latin America.

Español English Português

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

error: Content is protected !!

Compartir