Fintech businesses in many verticals have boomed since the onset of the pandemic and have evolved to become a dynamic, fast-growing industry across Latin America. Yet that acceleration has also brought new challenges of scale and access to later-stage capital, as the region’s financial technology startups seek VC investment. “Covid-19 brought about a very profound change in the way technology impacts society. Fintechs have the opportunity to develop business and payments, since they connect people in a secure and immediate way”, said Matías Spagui, president of Fintech Chile and director of Mercado Pago Chile. There are mixed opinions among Latin American fintech companies regarding the sector’s regulatory framework: 38% believe that current regulation is appropriate; 18% believe it is excessive; and 28% believe there is none and that it is necessary, according to a soon-to-be published report prepared by the Inter-American Development Bank (IDB).

https://iupana.com/2021/04/26/fintechs-challenges-2021/?lang=en