Fintech Companies Led by Endeavor Entrepreneurs Are Driving Growth in Latin America and Leading Globally, Finds CB Insights Report

Latin American fintech companies are driving start-up growth in the region and standing out as global leaders found CB Insights’ 2019 Q2 Global Fintech Report, which put Endeavor companies from six markets in the spotlight. The quarterly report analyzes millions of data points on venture capital, startups, patents, partnerships and news mentions to forecast trends and opportunities in the fintech sector. 

The report reinforced that Latin America remains a top growth market for fintech, with $481MM raised across 23 deals in Q2 2019, surpassing both China and India in amount raised and China in number of deals for the first time ever. Of the six most well-funded VC-backed tech startups in Latin America that have raised at least $1M of equity funding since 2014, all are fintech companies, showing the vertical’s influence in spurring entrepreneurial growth in the region. 

Four of these top companies are led by Endeavor Entrepreneurs. Together, Clip (Mexico), ComparaOnline (Chile), Technisys (Argentina), and Bankingly (Uruguay), have raised a total of nearly $255M, and each of these companies has also received investment from Endeavor Catalyst. 

Creditas (Brazil), led by Endeavor Entrepreneur Sergio Furio, was featured as one of the top 10 deals of the quarter with its $231M received from Softbank in July. Checkout.com (UAE), led by Endeavor Entrepreneur Guillaume Pousaz, also secured a spot with its $230M Series A round, and was highlighted as one of the seven newly minted fintech unicorns globally. Creditas and Checkout.com, which have both also received investment from Endeavor Catalyst, were the only non-U.S. companies to close the quarter’s largest deals. 

Argentina’s Ualá, a virtual banking app founded by Endeavor Entrepreneur Pierpaolo Barbieri, was also highlighted with a full-page feature as one of the digital-first “challenger banks,” which is the biggest cohort of the fastest growing fintech startups.  

Read the full report here.