The number of fintech startups in Brazil increased sharply between 2017 and 2022. In 2022, there were 855 active fintechs in Brazil, 20 more than in the previous year. During the observed period, the number of fintechs in the country increased by more than 600. In 2022, Brazil accounted for the highest share of fintech startups in Latin America, with almost 30 percent of all fintech startups in the region having operated in Brazil.
Number of fintech startups in Brazil from 2017 to 2022
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Number of fintechs
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Data for 2017 were retrieved from Radar FintechLab 2017.
Data for 2018 were retrieved from Radar FintechLab 2018.
Data for 2020 were retrieved from Radar FintechLab 2020.
Data for 2021 was calculated by Statista, using the number of fintechs in Brazil in 2020, and adding the newly founded fintech companies in 2021 based on Crunchbase.
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Statista. (February 2, 2023). Number of fintech startups in Brazil from 2017 to 2022 [Graph]. In Statista. Retrieved July 18, 2024, from https://www.statista.com/statistics/892680/brazil-number-fintech-startups/
Statista. "Number of fintech startups in Brazil from 2017 to 2022." Chart. February 2, 2023. Statista. Accessed July 18, 2024. https://www.statista.com/statistics/892680/brazil-number-fintech-startups/
Statista. (2023). Number of fintech startups in Brazil from 2017 to 2022. Statista. Statista Inc.. Accessed: July 18, 2024. https://www.statista.com/statistics/892680/brazil-number-fintech-startups/
Statista. "Number of Fintech Startups in Brazil from 2017 to 2022." Statista, Statista Inc., 2 Feb 2023, https://www.statista.com/statistics/892680/brazil-number-fintech-startups/
Statista, Number of fintech startups in Brazil from 2017 to 2022 Statista, https://www.statista.com/statistics/892680/brazil-number-fintech-startups/ (last visited July 18, 2024)
Number of fintech startups in Brazil from 2017 to 2022 [Graph], Statista, February 2, 2023. [Online]. Available: https://www.statista.com/statistics/892680/brazil-number-fintech-startups/