Mexico has positioned itself as the new hub for fintech startups in Latin America, even surpassing countries such as Brazil, Colombia and Chile, according to the second edition of the Fintech Radar prepared by Finnovista. The analysis reveals that in Mexican territory there are 158 fintech companies, Brazil is in the second position with 130, in third place Colombia with 77, while in Chile there are 56 startups in this segment. Compared to the first edition of the Fintech Radar , this year Mexico registered an increase of 24% in the number of companies.

The most notable increases by segment have occurred in crowdfunding; financial education and savings; payments and remittances, and finally in business finance management.