Share of fintechs in Brazil 2023, by revenue
A survey conducted in 2024 revealed a stark contrast in Brazil's fintech landscape. At one end of the spectrum, more than 30 percent of fintech startups reported annual revenues below 350,000 Brazilian reals. At the other extreme, twenty percent of these financial technology companies achieved revenues exceeding 10 million reals, highlighting the significant disparity in market performance among Brazil's fintech ventures.