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CLICK TO WATCH : Nubank : Inside One of the World ’ s Largest Digital Banks Morgan Stanley
SÃO PAULO
VC : US $ 9.43BN RAISED BY SÃO PAULO STARTUPS IN 2021
BNPL USERS : OVER 83 MILLION BRAZILIANS HAVE MADE A BNPL PURCHASE
KEY COMPANIES : NUBANK . EBANX , PAGSEGURO
Paulo is poised to become a major hub for financial technology innovation . With Brazil hosting over 1,000 fintech companies , São Paulo has earned the moniker ‘ Silicon Bairro ’ of South America , reflecting its growing prominence in the tech sector . The city ’ s fintech ecosystem is evolving , supported by the presence of the Brazilian Association of Fintechs . This growth is further bolstered by an increasing number of accelerators and startups , with programmes such as Cubo Itau and Darwin Startups gaining significant recognition .
40 October 2024