If you ask around the fintech community what regions are up and coming when it comes to fintech you will undoubtedly hear Latin America mentioned. It is the trends we were seeing in Latin America that led us to bring LendIt Fintech to Miami for Finnosummit Miami by Lendit Fintech back in December 2019. Here we heard from many of the top fintech companies and investors who are targeting the region.
If you missed out on the event, Timothy Li CEO at Alchemy has been publishing an in depth series about fintech in LatAm over at Crowdfund Insider. In his first post he shares the size of the opportunity in Latin America, highlighting a session from Clip which operates out of Mexico City. Clip CEO Adolfo Babatz spoke about the future of mobile payments, the trends towards digital payments and some of the challenges with KYC.
In his second post he discusses fintech infrastructure, an area that NovoPayment is looking to tackle. NovoPayment offers an open banking platform to enable digital banks. According to the company a solution can be launched within just six months. President & CEO Anabel Perez also shared her perspective on regulatory ambiguity and how she expects more collaboration over the next couple of years.