While Peru, Ecuador, Dominican Republic, Costa Rica, Uruguay, and Guatemala were not among the leading Latin American countries in terms of fintech startups in 2021, the number of fintech startups grew significantly over the last five years. Among the observed countries, Peru had the highest number of fintechs in 2021, but the Dominican Republic saw the highest percentage of average year-on-year growth between 2017 and 2021.
Latin American and Caribbean countries with emerging fintech industries in 2021
Characteristic
Fintech startups
Percentage of total fintech companies
Percentage of average year-on-year growth (2017-2021)
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Inter-American Development Bank. (July 29, 2022). Latin American and Caribbean countries with emerging fintech industries in 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/
Inter-American Development Bank. "Latin American and Caribbean countries with emerging fintech industries in 2021." Chart. July 29, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/
Inter-American Development Bank. (2022). Latin American and Caribbean countries with emerging fintech industries in 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/
Inter-American Development Bank. "Latin American and Caribbean Countries with Emerging Fintech Industries in 2021." Statista, Statista Inc., 29 Jul 2022, https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/
Inter-American Development Bank, Latin American and Caribbean countries with emerging fintech industries in 2021 Statista, https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/ (last visited July 22, 2024)
Latin American and Caribbean countries with emerging fintech industries in 2021 [Graph], Inter-American Development Bank, July 29, 2022. [Online]. Available: https://www.statista.com/statistics/1341096/emerging-fintech-industries-latin-america/