Payments, lending and neobanks rule fintechs in emerging markets, report says
May 06, 2021 1 min, 29 secs
Tech investments in emerging markets have been in full swing over the past couple of years and their ecosystems have thrived as a result.

Some of these markets like Africa, Latin America, and India, have comprehensive reports by publications and firms on trends and investments in their individual regions.

Well, a report released today by data research organization Briter Bridges and global inclusive tech accelerator Catalyst Fund is punching above its weight to offer a holistic representation to the darling sector of these three markets: fintech.

The report “State of Fintech in Emerging Markets Report” has three objectives — to evaluate the investment, product, and inclusivity trends across emerging markets.

The team surveyed over 177 startups and 33 investors across Africa, Latin America, and India.

Collectively, fintech startups have raised $10 billion in the past five years.

In 2019 alone, Indian fintech startups raised a record of $4.8 billion, per the report.

For  Latin America, the average seed deal in the last five years was around $5.7 million while India did approximately $4.6 million.

In all of this, the glaring fact, which is no news, is that Africa is lagging years behind Latin America and India.

Talking with Briter Bridges director Dario Giuliani, he pointed out that he’d lean on five years for the continent to get to where Latin America and India are at the moment

He added that what makes India a better market at this stage is because it isn’t a continent like the other markets and operations are uniform across board

Latin America is basically Brazil, Mexico, Argentina and Colombia who are seeing massive companies rise

One key detail the report mentions is that most fintechs across emerging markets are crossing over to different sectors like crop insurance, credit lines for distributors and vendors, KYC, e-commerce payment gateways, medical finance, and insurance

1. Wondering if the Covid Vaccine Worked? Get the Right Test, at the Right Time - The New York Times
Jun 20, 2021 # health 1 min, 49 secs
2. Metallica announce special reissue of ‘The Black Album’ and star-studded covers album - NME
Jun 22, 2021 # entertainment 1 min, 0 secs
3. CDC launches multistate investigation after imported rescue dog tests positive for rabies variant twice eradicated in U.S. - The Washington Post
Jun 19, 2021 # health 1 min, 21 secs
4. 2021 U.S. Open tee times, pairings: Complete field, schedule set for Round 3 at Torrey Pines -
Jun 19, 2021 # politics 1 min, 0 secs
5. Another Kemba Walker trade is 'inevitable' after Celtics' blockbuster - New York Post
Jun 18, 2021 # politics 46 secs
6. Aliens Could Watch Earth From Hundreds Of Star Systems, Scientists Say - NPR
Jun 23, 2021 # science 2 mins, 2 secs
7. Alaska hiker reported missing after bear encounter found alive - NBC News
Jun 17, 2021 # politics 39 secs
8. Britney Spears Quietly Pushed for Years to End Her Conservatorship - The New York Times
Jun 22, 2021 # entertainment 4 mins, 38 secs
9. Maine CDC reports 18 COVID-19 cases, no additional deaths - Press Herald
Jun 21, 2021 # health 0 secs
10. Opinion: The retreat of North Americanism: Canadians and Americans keep moving further apart
Jun 17, 2021 # breaking 1 min, 9 secs
11. Le zap' de la deuxième journée de la Copa America
Jun 19, 2021 # breaking 15 secs
12. Birds Use Quantum Mechanics to See Magnetic Fields, New Research Suggests - Gizmodo
Jun 23, 2021 # science 1 min, 13 secs
13. ‘Alito was just pissed’: Trump’s Supreme Court breaks down along surprising lines - Politico
Jun 17, 2021 # politics 2 mins, 15 secs
14. Fed Chair Powell says it's 'very, very unlikely' the U.S. will see 1970s-style inflation - CNBC
Jun 22, 2021 # politics 1 min, 1 sec
15. Hey, Nintendo, What’s Up With Animal Crossing? - Kotaku
Jun 22, 2021 # technology 29 secs
16. 5 best TV brands in 2021, according to a tech expert - NBC News
Jun 18, 2021 # technology 1 min, 53 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED