CLEMENTINA GIRALDO: DOTS & TECH CEO AND FOUNDER
Latin America has historically been part of the conversation around reducing the use of cash and as an effect of Covid- 19, digital financial services have been the protagonists of the reactivation of different economic sectors. Throughout 2020, greater adoption of payments, digital transfers and electronic commerce was evident in the region. The Latin American FinTech universe has more than 2,000 companies of different degrees of maturity, with Brazil, Mexico, Argentina and Colombia being the countries that lead the development of the industry. In the region, digital payment and transfer companies predominate, followed by digital credit and the offer is completed with collective financing solutions, regtech, factoring, insurtech, wealthtech, neobanks, blockchain and crypto-asset platforms. Colombia has about 250 fintech companies and the industry is led by the digital credit segment, with Lineru, RapiCredit, Sempli and Finaktiva as relevant players. Regarding the digital payments ecosystem, Colombia counts with 5 Specialized Companies in Electronic Deposit and Payments (SEDPE); Movii, Powwi, Ding, Coink and Dale, as well as Rappi’s digital banking. Together they have reached more than 20 million users, representing a 300% growth in the country. This growth has been motivated, among other things, by the government using electronic payments (fintech) to deliver subsidies. For its part, Argentina , has 268 fintech companies (such as Argentine Chamber of FinTech, BID, Afluenta, Deloitte 2020), led by the digital payments segment with 64 companies in this vertical, which includes 27 digital wallets, payment processing services, aggregators, gateways and international payment companies, among others. The industry is led by Mercado Pago, followed by Ualá, which has also opened
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