- The FinTech sector in Latin America saw huge WealthTech deals in April coming from Solfácil, a renewable energy investment platform, raised an eye watering $100m in their latest private equity round, which was the largest FinTech deal in the region last month. Stark Bank, a smart business bank account provider, was the second largest deal on the list and raised $45m during their latest Series B funding round led by Bezos Expeditions and Ribbit Capital. Stark Bank will use the proceeds to expand its product portfolio to include offerings such as investment, credit lines and card payments.
- WealthTech only had a 12% share of total deals in April but accounted for 48% of total capital invested that month with a total fundraising of $167m. The most active sector for the region was Blockchain & Crypto where deals accounted for 32% of total FinTech investment.
- FinTech investment in Latin America reached $249m in April decreasing a sizeable 32% from March. Deal activity in the region also slumped in April by 22% although this is following global trends which saw total deal activity decrease by 20% in April compared to March.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global