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.
Read more on latamfintech HUB.