Brazil is not only home to the majority of fintech firms in Latin America but also garners an impressive majority of the continent’s financial technology investments. This remarkable trend may be unexpected to the international community, highlighting Brazil's quiet ascent as a fintech powerhouse.
Today, we take an insightful journey into the heart of Brazil's financial technology scene, examining the groundbreaking strides these innovative startups are making and understanding how they are reshaping the financial landscape not just regionally, but potentially on a global scale.
1. Nubank → USD $4.2B (IPO)
Nubank is a digital bank that provides a variety of financial services, including debit and credit cards, loans, investments, and payments. It is one of the largest fintech startups in Latin America, with over 70 million customers.
2. C6 Bank → USD $2.3B
C6 Bank is another digital bank that offers a wide range of financial products and services. It is known for its innovative features, such as its AI-powered customer service and its cashback program.
3. Creditas → USD $1.1B
Creditas is a digital lending platform that provides loans to individuals and businesses. It uses machine learning to assess creditworthiness and offer competitive interest rates.
4. Neon → USD $727M
Neon is a digital bank that is focused on serving low-income and unbanked Brazilians. It offers a variety of basic banking services, such as debit cards, transfers, and bill payments, at a low cost.
5. EBANX → USD $460M
EBANX is a payment processing company that provides international payment solutions for e-commerce businesses. It allows businesses to accept payments from customers in over 150 countries, using a variety of local payment methods.
6. meutudo. → USD $413M
meutudo. is a digital wallet and loyalty program that allows users to earn rewards for making purchases at participating merchants. It also offers a variety of financial services, such as debit cards, loans, and bill payments.
7. Dock → USD $280M
Dock is a financial technology company that provides open banking APIs and infrastructure to businesses. Its platform allows businesses to build and integrate financial products and services into their own offerings.
8. Cora → USD $254M
Cora is a digital credit platform that provides small and medium-sized enterprises (SMEs) with access to financing. It uses machine learning to assess creditworthiness and offer tailored loan products.
9. Provu → USD $285M
Provu is a digital insurance platform that offers a variety of insurance products, including auto insurance, home insurance, and life insurance. It is known for its innovative features, such as its pay-as-you-drive auto insurance program.
10. Open Co → USD $140M
Open Co is a financial technology company that provides open banking solutions to businesses and consumers. Its platform allows businesses to build and integrate financial products and services into their own offerings, and it gives consumers more control over their financial data.