For two days, the Puerta de Oro Convention Center in Colombia is the epicenter of financial innovation with the arrival of the Latam Fintech Market, an international summit that brings together more than 1,800 experts from the fintech sector. This event aims to analyze the current perspectives and trends in the world of technological finance.
Among the keynote speakers, David Vélez, CEO of Nubank, shared his experience as a leader of the digital bank with over 100 million customers in Brazil, Mexico and Colombia. Vélez is recognized for his role in transforming the digital banking sector in Latin America and his presentation promises to offer valuable insights into the future of fintech.
During the summit, attendees will have the opportunity to hear from speakers from some of the world’s most influential companies, participating in a series of conferences and panels that will address the latest developments and challenges in the sector. Experts and leaders from the fintech sector will discuss crucial topics that will shape the future of finance.
Exponential growth of neo-banks and fintech companies
During the first day of talks, Ignacio Giraldo, CEO of RappiPay, revealed an impressive increase in fundraising by neobanks in Colombian territory.
According to Giraldo, a year ago, the country’s neobanks had 200 billion pesos in deposits. However, the most recent data shows that this figure has climbed to four trillion pesos.
“This is a topic that we have to celebrate in Colombia, because decentralization has arrived and is happening today in the market. This evolution is wonderful and I think we all have to accept it, because this is how the ecosystem will win,” said the entrepreneur.
This remarkable growth reflects a growing acceptance and dynamism of the neobank sector. Giraldo predicts that by the end of 2025, the market share of neobanks could reach between 15% and 20%.
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(Featured image by Erick Salas A via Pixabay)
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