Latin America: e-commerce & fintech tecnolatinas market share 2020, by country

Published by Statista Research Department, Aug 12, 2024
In 2020, fintech and e-commerce almost monopolized the market value of technology-based startups in Uruguay, with a combined total of 97 percent of the ecosystem value that year. Both industries also accounted for more than 60 percent of the tech startups' market value in Argentina and Brazil, with 85 percent and 69 percent, respectively.

Market share of e-commerce and fintech among startups in the tech industry in selected countries in Latin America as of 2020

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Sources

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Release date

March 2021

Region

LAC

Survey time period

2020

Number of respondents

1,005 companies

Special properties

Tecnolatinas refers to technology-based private companies born in Latin America and the Caribbean and owned by founders from the region. It includes companies that have raised more than one million U.S. dollars of capital and with an estimated value of six million U.S. dollars or more.

Supplementary notes

Various sources include Surfing Tsunamis, Tecnolatinas, LAVCA, Crunchbase, Pitchbook, Techcrunch, Research Reports and Media Reports.

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