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The renowned news outlet declares that FinTech Collective is seeking to "strengthen the fintech infrastructure in Latin America". It highlighted the five active investments that FTC has in Mexico, second only to its amount in the United States.
"Latin America is a highly urbanized region and, when we speak about the type of business models that we invest in, dense concentrations of people are of course beneficial. It also benefits from a growth in connectivity over the last few years that has occurred as mobile devices have become cheaper, which helps our investment strategy. We believe regulatory environments have improved too," said Carlos Alonso, who leads Latin American investments for the firm. "For our portfolio companies, the main impediment to growth is in hiring, including finding the necessary talent, as it is still scarce. But this will improve. This is an important difference vis a vis the US or Europe, where systems and regulatory frameworks have had more time to develop, and there is more talent and capital available," Carlos also commented.
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