How is the sector in Colombia and LATAM

Banking institutions , digital wallets and online assets are aspects that have had great preponderance today. It is a sign that the fintech ecosystem is constantly expanding. How many fintechs exist in Colombia? During the year 2022, there were around 110 entities, about 23 foreign and about 87 local , thus joining Colombia Fintech. In this sense, the number of members for the beginning of 2023 was about 344 . For Gabriel Santos , who is president of Colombia Fintech , he describes that the results obtained, as well as the growth that has been experienced in the firms, maintains the country as the third most consolidated nation in Latin America.

Colombia is a market

That still has a lot of potential as it has been promoting better regulatory processes that are compatible with these new business models. There is a very important level of trust ,” says Santos. Arrival of new companies in Colombia By virtue of this, this prestigious image that Colombia has been able to show in foreign markets has caused firms such as Amazon. Mambu Americas, Raprotech, Geopagos, Belvo Technologies and Priority Pass to subscribe to the list of foreign companies. Who Belgium WhatsApp Number Data have wanted to insert themselves into the nation. Regarding 2021, the year with the latest statistics that Colombia Fintech has. The sector’s businesses reached 0.31% of the Gross Domestic Product (GDP) and around 9,000 jobs were.

how the change that was experienced

In the second half will be possible to know  in 2022 was. Although the according to Santos are striking, this if the increase in companies Spain WhatsApp Number List is taken into account. Data on fintech growth Fintech nation. Why Spain has become a hub for startups  Visa For Erick Rincón Cárdenas. Who is an associate professor at the Universidad del Rosario and director of TicTank. He points out that in the last decade the number of participants in the industry is high, increasing on average 17% annually. “The Colombian growth of financial technology has also been greatly  by the extraordinary performance of banks’ digital wallets in the last three years,” adds Rincón.

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