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Latin America Bucks Global Trend With Surge in Fintech Investment

Global funding in the fintech space decreased by almost half to $7.8 billion in Q2 2022, the lowest level since 2017, according to CB Insights' State of Fintech report. However, Latin America experienced a surge in investor interest, with VC investors deploying $7.8 billion across a record 1,114 deals in 2022, down from $15.9 billion in 2021.

The fintech sector was the biggest recipient of venture dollars in the region, making up 29% of investments last year. Early-stage deal share is pacing at 81% for 2023, a five-year high, the report found.

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