As distinctive challenges require innovative solutions, Latin America (LatAm) is quickly becoming the perfect breaking ground for the expansion of sunrise industries. Three emerging industries in particular have had a steady and impressive growth that will likely continue bringing new opportunities of economic development and investment in the region during the years to come: Fintech, Agrotech and Edtech.
Financial Technology (Fintech)
Fintech is a rising star completely transforming financial services in the world. In LatAm, Fintech has been particularly impactful as a big portion of the region’s population has been incapable of accessing or benefiting from the traditional banking system with around 26% of the population still unbanked by 2021 according to the World Bank. Other factors such as economic instability, an increasingly young and mostly digital savvy population, and frequent use of currency exchange services for remittances or savings, places fintech solutions as an extraordinary economic development for the region.
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