Latin America Fintech Funding Update: Q2 2020

LatamList – In the first half of 2020, Latin American fintechs raised a total of $525M across 74 deals according to a report by latamfintech HUB. The funding is concentrated on digital lending, SME finance, and paytech startups.

The total investment is split as $315.6M in Q1 and $209.3M in Q2. March 2020 saw the most capital injected into the region at $171.45M, while June had the most deals at 18. There were 16 deals in January and 13 in February and May. During April there was only $30M invested across 3 deals, perhaps due to the uncertainty caused by the coronavirus outbreak.

The major funding rounds included:

  •  $100M for Credijusto, a digital lending platform
  • $63.5M for Superlogica, a SME finance service
  • $30M for Zinobe, a digital lending platform

Brazil continues to attract the most funding at 38.8%, with Mexico second at 34.2%, and Colombia third at 25%. While Ecuador and Chile also saw some major deals with Kushki’s Series A and Global 66’s funding round.

The main investors for H1 are Y Combinator, which participated in seven rounds, Kaszek Ventures, Domo Invest, and Monashees, among others.

Read more on latamfintech HUB.

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