Brazil Daily

Fintechs sidestep the economic crisis in Brazil

Today, we cover one of the fastest-growing sectors in Brazil: fintechs. São Paulo’s plan to attract foreign money. And why Black Friday 2020 won’t save retailers.

Brazilian fintechs raise over USD 1 billion in 2020

Amid a sluggish economy with at best uncertain prospects, one sector of the Brazilian economy has largely skirted the crisis: fintechs. According to a new report by startup monitoring platform Distrito, Brazilian fintechs raised USD 36 million from investors in October alone. Since January, a total of 76 investment rounds attracted USD 1.16 billion.

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