• Habi, a platform for buying and selling property, was the largest FinTech deal in Latin America for Q2 2022 raising an impressive $200m in its latest Series C funding round led by Homebrew and SoftBank Latin America Funds. The funding round has propelled the company to unicorn status and Habi will use the investment to continue to expand into other major cities across the region and increase its offering, with a focus on embedded financial services. Habi is active in more than 15 cities in Mexico and Colombia and posted over a 20-fold growth in revenue for 2021.
• Overall, there were 73 deals recorded in Latin America in Q2 2022, a 42% reduction from the previous quarter. This brings deal activity in the first half of 2022 to 198 deals in total, indicating that deal activity in 2022 will remain at similar levels compared to last year. This projection is very positive compared to other countries and regions which on average are showing an expected 15 – 20% reduction in deal activity due to rising cost of living and inflation which has made investors sceptical on the continued growth of global markets. The UK’s deal activity for example is expected to reduce 21% this year compared to 2021 levels.
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