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While there was a marked slowdown in overall venture funding for Brazil in 2016, the latest crop of startups such as Guia Bolso and NuBank demonstrate how fintech bucked that trend and is growing in importance. We will have to see how the country navigates the latest scandal surrounding President Temer, or if political instability is just always going to reign supreme.
“The quality of the entrepreneurs is improving a lot, compared to five to six years ago,” says Eric Acher, a founding partner of Monashees, a São Paulo-based VC company. Accel’s Mr Efrusy says it is the slightly more mature companies that had received funding in the past that impressed him most on a recent visit to Brazil: “I felt like there were seven or eight companies that could be public companies almost anywhere, in the US, on Nasdaq, within three years.”
https://www.ft.com/content/9553cd28-1947-11e7-9c35-0dd2cb31823a
