How Brazil became the new hotspot for fintechs

fintechs brazil

Brazil’s banking system is known for its distortions: a large concentration that paves the way for huge spreads, higher fees, and poor services for customers. An environment where big players have so much power does not seem particularly welcoming for new companies, but fintechs have been able to benefit from the blind spots left by market leaders to become one of the largest startup segments in Brazil—and new regulations are set to boost it even further.

Data provided by the Fintech Mining Report 2019, elaborated by...

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