Brazil Fintech Ecosystem

Overview

Export information for Canadian fintechs looking to launch and scale their business in Brazil

  • Largest financial market in Latin America
  • Over 500 fintech companies
  • $555M invested in fintech startups (2018)
  • 45 million unbanked population

Details

As home to the largest financial market in Latin America, Brazil is also the largest fintech hub in Latin America with over 500 fintech companies and over $555M USD invested in fintech startups in 2018.

The major banking crashes in the 1980s and 1990s caused Brazil to place heavy regulations and controls on the banking industry, which in turn, have created stability and opportunities. Brazil has a population of 45 million unbanked, so it’s no surprise that the payments vertical dominates the industry, followed by lending / borrowing. They are also highly digitized, with over 70% of the population accessing the internet on a regular basis.

In one study from MindMiners, a Brazilian digital research company, between 2017 and 2019 the number of Brazilians using services from new fintech startups more than doubled – from 25% to 55%.

Doing Business in Brazil

Visit the Trade Commissioner Service's guide for Canadian businesses who are exporting to Brazil

Fintech Laws and Regulations

This country-specific Q&A provides an overview to fintech laws and regulations that may occur in Brazil

Emerging Fintech Ecosystem

[Report] Brazil’s Emerging FinTech Ecosystem: A Fertile Environment for Disruption and Innovation

Connect with Global Fintech Investors

Fintech is transforming the way financial businesses operate, collaborate, and transact with customers, regulators, and others in the industry all over the world.

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