Fintechs Transform Credit and Expand E-Commerce in Latin America
Latin America is undergoing a profound transformation in the financial sector. Fintechs, which combine technology and financial services, are consolidating their position as protagonists of this change. In Brazil, the Fincatch's Mapping of Brazilian Fintechs 2024 identified 2,048 active fintechs, with credit accounting for 14% of the solutions offered.
In 2025, complementing this study, the District's report on the overview of latin american fintechs pointed out that the region has surpassed the mark of 3,600 fintechs, consolidating accelerated and continuous growth in recent years. And Brazil is leading this movement, reinforcing its role as a hub for financial innovation in Latin America.
This progress goes beyond the numbers. Fintechs are redesigning access to credit, payments and financial management, especially for micro, small and medium-sized enterprises (MiPyMEs), which account for 99.5% of companies in the region. Despite their low participation in e-commerce, these companies have been boosted by accessible digital solutions that offer modern means of payment, simplified credit and platforms that help them digitize and compete in an increasingly online market. The expansion of digital financial tools shows that PIX, for example, already moves more than R$ 4.6 trillion and connects more than 109 million Brazilians, according to the study Expansion of digital financial tools to boost e-commerce for Latin American SMEs.
Credit, in particular, has proven to be one of the most strategic areas within the fintech ecosystem. Representing 19% of the solutions in Latin America, this segment grew by 414% between 2017 and 2023, highlighting the strong demand for more flexible and accessible financing alternatives, according to the IV Fintech Report in Latin America and the Caribbean.
In 2025, the credit segment will continue to be one of the most representative among fintechs, alongside payment methods.
Banking-as-a-service (BaaS), which is gaining momentum as an infrastructure for other fintechs and other companies wishing to offer banking services.
In this context, ANBC's role as a voice for sustainable credit is even more important. By fostering innovation and good governance practices, the organization contributes to building a fairer, more efficient and inclusive financial system, positioning credit as an instrument for social and economic transformation.
Another highlight is the trend towards collaboration between fintechs and traditional financial institutions. Instead of competing, many companies are creating joint solutions, expanding the reach of digital products and strengthening the ecosystem as a whole, according to an analysis by Distrito.
Regulation has kept pace with this growth. Countries such as Brazil, Chile, Mexico and Colombia have adopted measures such as regulatory sandboxes, innovation hubs and specific laws to ensure that the advance of fintechs takes place in a safe and sustainable manner. Interoperability between systems and regional cooperation are seen as fundamental for this ecosystem to continue to grow and generate positive impact.
Fintechs are therefore at the center of a transformation that goes far beyond technology. They are democratizing access to financial services, boosting e-commerce and promoting economic inclusion that could change the future of Latin America.
