Startups from Brazil to Mexico Are Giving Banks a Run for Their Money
Startups from Brazil to Mexico Are Giving Banks a Run for Their Money
Venture capital investors are increasingly placing bets on Latin America's thriving financial technology startups.
For Latin Americans accustomed to red tape, it can seem like a godsend – instead of waiting in line, a swipe on a smart phone; instead of piles of paperwork, a text message or two. Over the last several years, financial technology has changed the way that consumers from Mexico to Brazil save and spend their money. Now, as startups in the region multiply and traditional banks adjust, what started as a trend is looking more like a boom.
According to Andrés Fontao, co-founder of the Mexico-based startup accelerator Finnovista, there are...
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