REPORT
FinTech startups raised $79B globally in 2022, down 38% from last year, but still, almost double the pre-pandemic level.
This pullback has been slightly worse than the overall market, which is down 36%.
👉 Read the full report by Dealroom.co and ABN AMRO Ventures here
👀 NEWS HIGHLIGHT
Latin American FinTech seed deal activity reached 33 deals in Q4 2022, almost doubling from previous quarter levels.
Q3 2022 saw 17 deals announced by Latin American companies.
👉 See the full LATAM FinTech seed deal activity by FinTech Global here
📊 INFOGRAPHIC
Credit and debit cards still dominate in payments, but next-generation methods are making meaningful progress.
Accenture asked survey participants which payment methods they used at least five times monthly. Debit cards were cited by 63% of Americans, followed by credit cards at 53%.
👉 Read the full The Financial Brand article here
💬 INTERVIEW
Pablo Viguera and Uri Tintoré, co-founders and co-CEOs of Belvo reflect on their main learnings since founding Belvo in 2019. They talk about the open finance landscape in Latin America and their expectations for 2023.
👉 Read this Belvo interview here
💡INSIGHTS
Brazil’s Nubank has its sights set on disrupting Latin America’s financial services. Since its founding in 2013, the challenger bank has grown its user base rapidly.
👉 Read the full article by CB Insights here
🧐 ANALYSIS
Apple controlled an estimated $800 billion of payment flows in 2022.
Flagship Advisory Partners estimates Apple’s total FinTech ecosystem flows to grow to $3.2 trillion by 2030.
👉 Check the whole Flagship Advisory Partners analysis by Joel Van Arsdale, Charlotte Al Usta, and Pedro Giestahere here
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
☕️ REGIONAL HIGHLIGHTS
⭐️ Techstars chose 12 startups for an inaugural accelerator program in Latin America. Link here
⭐️ Nubank secures loan of up to USD$150 million from IFC. Link here
⭐️ Bitso is now offering Euro Coin to its customers and clients as a payment option. Link here
⭐️ EBANX appointed Fabio Scopeta as its new Chief Product & Technology Officer. Link here
BRAZIL
PicPay launched its peer-to-peer lending business for companies. It is one of the first FinTech in Brazil to do so. Link here
Transfeera raises US$1.3M and wants to compete with big Baa players in Brazil. Link here
Nubank secures a loan of up to USD$150 million from IFC to strengthen its operation and expand access to financial services in Colombia. Link here
Dock launched Dock One, an integrated cloud-based platform for banking and payments that allows companies to easily scale business operations anywhere in the world. Link here
Mozper is authorized to establish an Institución de Fondos de Pago Electrónico "IFPE" in Mexico. Link here
COLOMBIA
74% of the startups that have raised capital in the country are from Bogota-Region, being the most attractive destination for venture capital investors. Link here
MEXICO
DAAL Ventures took a part in a $5 million seed funding round for prop-tech start-up Pulppo. Link here
Bitso is now offering the Circle-issued, euro-denominated Euro Coin to its customers and clients as a payment option. Link here
MOVERS & SHAKERS
EBANX announced the appointment of Fabio Scopeta as its new Chief Product & Technology Officer, to lead EBANX's Product and Technology divisions globally. Link here
If you are a fintech startup and have over 100 questions send me an email, maybe I can answer a few.