Is Latin America the hottest Fintech market?
There are 32 Latin America's #unicorns (startups worth $1B ). By far the most significant increase happened in #Mexico, where unicorns doubled to a total of eight. The #Fintech sector's unicorns also doubled. Which begs the question: Is #LATAM the hottest Fintech market? Of all the world's unicorns, 21% are Fintech, but in Latin America, 44% are.
One of the newest unicorns in the Fintech field is #Kushki, which made history for #Ecuador when it became a unicorn in June, raising a total of $194M since its inception in 2017.
That amount is unprecedented in Ecuador, and we could find no records of an Ecuadorian startup receiving more than $5M in total funding ever.
#Kushki enables global businesses to accept digital payments in countries where the technology is not quite there yet. #AronSchwarzkopf, CEO, and Co-Founder of Kushki says: Kushki's mission is to connect Latam through payments. We're born to support and encourage the development of new technologies from Latin America. We create modern, efficient, and secure payment solutions, capable of accelerating a business or opening new markets.
Despite this, with a total of $5.5B invested in the first half of this year, Latin American startup funding has slowed down compared to 2021.
Of course, when there are economic downturns, it's essential to step back and consider the broader trend that's taking place. In this case, Latin America remains one of the hottest markets for startups, and investors will continue to bet on promising founders solving big problems.
#DigitalTransformation #sustainability #GlobalGoals #sustainabledevelopment #sdgs2030 #businesstransformation #businesswoman #businessleaders #businesscoaching #agilecoach #agility #scrum #coaching #Startup #quitoecuador #latinamerica #digitalbanklatam
