## Fintech: International Experience and Challenges

## Source details

**Canonical URL:** [Fintech: International Experience and Challenges](https://www.imf.org/-/media/files/news/seminars/2018/capdr/andrade-fintech.pdf)

## Other formats

- [Markdown version](/-/media/files/news/seminars/2018/capdr/andrade-fintech.pdf.md)
- [Structured JSON version](/-/media/files/news/seminars/2018/capdr/andrade-fintech.pdf.json)

---

### 1. Fintech Landscape in Latin America
- Startups identified:
  - 700+ (2017)
  - 1160+ (2018)
  - 66% Growth
- Geographic reach:
  - ≈1/3 operating in more than one country (Fintech “Multilatinas”)
- Year of incorporation (presentation header)
- Funding (survey response):
  - 34% No
  - 63% Yes
- Business Segments:
  - 54% B2C
  - 46% B2B
- Target clients:
  - ≈46% aim to serve clients that remain excluded or underserved by the traditional sector
- Focus on SMEs:
  - 27% consider SMEs as their main client
- Alternative Finance: LAC (US$)
  - 2015-2016 growth: 209%
- Alternative Finance: LAC segments (US$)
  - Business lending: ✓57% of total
  - Business lending: ✓239% growth

### 2. Challenges
- Development stage:
  - Only a third is in a mature stage
- Main challenge categories (chart labels):
  - 37.3%
  - 26,4%
  - 16,6%
  - 18,6%
  - (chart axis: 0.0%10.0%20.0%30.0%40.0%50.0%60.0%70.0%)
- Main challenge summary:
  - Scaling-up remains as the main challenge
- Funding (2018) — Are you currently fundraising?
  - Yes, Equity
  - Yes, Debt
  - No
- Dialogue with Regulators (2018):
  - There’s a STRONG openness to dialogue from regulators towards the Fintech industry
  - There’s a WEAK openness to dialogue from regulators towards the Fintech industry
  - There’s NO openness to dialogue from regulators towards the Fintech industry

---


_Source: https://www.imf.org/-/media/files/news/seminars/2018/capdr/andrade-fintech.pdf_