Evolution of the Fintech Sector in LatAm: Fragmentation of the Ecosystem and Emergence of Insurtech, Lendingtech, Paytech, and Wealthtech Verticals
The fragmentation of the Fintech industry is a natural process, caused by the volume of players, primarily in ecosystems such as Insurtech, Lendingtech, Paytech, and Wealthtech.
Insurtechs are transforming the insurance sector making it simpler and more accessible, impacting more users who previously lacked access.
In an underbanked region like Latin America, Lendingtech companies have started to close the existing gap in credit access.
10.8 million Latin American users made their first online purchase during the lockdown caused by Covid-19.
Wealthtech is fostering interest and knowledge in the financial sector, especially among younger people.
