TECHNOLOGY

SÃO PAULO , BRAZIL

Number of fintechs : 270 By far the biggest city on our list – in terms of both population and number of fintechs based there – São Paulo has been at the vanguard of Brazil ’ s fintech boom for several years . In fact , according to the Global Fintechs Rankings 2021 by Findexable , the city is already the world ’ s fourth-largest fintech hub and second fastest-growing . It ’ s perhaps unfair then that São Paulo , and the Brazilian marketplace generally , are still considered to be emerging powerhouses rather than established ones .

São Paulo is a hit with entrepreneurs and innovators alike . Its population of over 12 million people is a daily challenge but also an opportunity ; it means a marketplace of tech-savvy consumers as well as a talent pool that includes graduates from the prestigious Universidade de São Paulo and several dedicated technological colleges . The city is also the beating heart of Brazil ’ s startup investment scene , underlined by the massive growth in the number of startup accelerators in the city .

It ’ s no wonder that São Paulo is home to a raft of fintech and insurtech unicorns . Among them are digital banks such as Nubank and C6 Bank ; payment platforms like Pagseguro and Stone ; lending company Creditas ; and Unico , which provides onboarding and ID verification .

SÃO PAULO

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