How Pix Ignited Digital Payments in Brazil

Around the world consumers continue to shift aspects of their lives online, and Latin America is is in the lead. The transaction value of digital commerce in the region surpassed $100 billion in 2019, and this value is expected to skyrocket 73% by 2025. Digital payments are part and parcel of eCommerce, and the demand for electronic transactions is rising in concert with the growth of electronic banking and retail.

Brazil is leading the charge in Latin America’s digital payments surge due to its sizable digital penetration in other financial services. While approximately 90% of bank customers in Latin America leverage some form of digital banking, Brazil holds the top slot at 98% of bank consumers, followed by Mexico at 94%.

Source: EBANX, Beyond Borders 2021-2022

One of the quickest growing trends in the financial sphere is open banking which offers consumers control of their financial data and prevents banks from blocking money movements between financial services. A recent global study found that 79% of Brazilians embrace open banking, far ahead of other countries. As an example, just 51% of Americans feel that open banking is a positive development. [1]

eMerge Insights Report: South Florida Startups Raised $5.33B in VC in 2021. But wait, there’s more.

Venture capital in South Florida in 2021 was the highest it has ever been. Major venture capital data services could not keep up with Miami Tech. A total of $5.33 billion was invested in South Florida startups and later stage companies across 285 deals. This is an 135% increase over 2020, where the total was $2.27 billion.

Companies that are new to Miami powered the momentum. 9 of 20 top deals were led by entrepreneurs that relocated to Miami in late 2020 or 2021. MoonPay took the No.1 spot. Fintech catapulted to the most active sector in 2021 moving healthcare technology to second place for the first time since 2018.

Crypto and blockchain funding came alive in the second half of 2021with 21 fundings, 23 as the total for the year. $859 million flowed into South Florida companies that identified as crypto, blockchain, NFT or web3 focused companies. These fundings represented over 16% of the fundings by dollar value, and just over 8% of the deals. [2]

DeFi and Web3 Projects in Latam to Watch

DeFi and Web3 projects form Argentina, Colombia and Mexico are offering new financial and monetization alternatives based on cryptocurrency infrastructure. Web3 and DeFi (decentralized finance) are currently met with skepticism and confusion.

Due to how new these companies are it is hard to predict their potential, and exactly how it will transform our lives individually and collectively. However, there are certainties which suggest we ought to take DeFi and Web3 seriously. Firstly, they are attracting large investors. $33 billion of VC money was invested in blockchain and DeFi startups worldwide in 2021.

Secondly, Latin America has become a hotbed for new DeFi and Web3 companies. With tech-skilled talent and a history of unreliable centralized institutions, and the disruptive startup culture that has boomed for at least a decade, the region is particularly positioned to be a disruptive lab for the next generation of Internet companies. [3]

How Latin American Physicians View the Future of Healthcare

The pandemic has accelerated trends in the healthcare industry. McKinsey surveyed Latin American physicians in Brazil, Chile, Colombia, Mexico and Peru to find out how they see the industry evolving, and they found several trends.

Physicians expect healthcare volumes to rebound in 2022 and supporting telehealth is a preferred strategy for improving patient access. 80% of physicians surveyed reported a reduced number of patients from the onset of the pandemic in every country surveyed.

It’s predicted that post pandemic, telehealth will continue to be part of a hybrid model for at least a few hours a day or for a day.

Overall, more than half of physicians found telehealth to be less expensive for their practice compared to in person visits, and 2/3 view telehealth visits are effective for follow ups and non-urgent primary care consultations. Telehealth is clearly here to stay! [4]

Notes: Figures may not sim to 100%, because of rounding. (1) Excludes respondents who indicated "don't know." (2) Excludes those who indicated "none of the above." Respondents could choose more than one response, causing absolute percentages to sum to greater than 100%. Source: McKinsey COVID-19 Physician Survey, August 11, 2021

12 Entrepreneurs in Peru to Watch Out for in 2022

Latin America is impressing the international stage with what it can do in terms of innovation. Brazil, Mexico, Argentina, Chile, and Colombia are examples of ecosystems with world-class entrepreneurs. Behind its regional counterparts, Peru’s start-up ecosystem has come a long way since its inception and is ready to produce its first unicorn.

This is due to a fortunate convergence of institutional support, Venture Capital activity and the overall creativity and passion of talented founders. The number of Peruvian startups reaching accelerators like Y Combinator are on the rise every year.

Carlos Lau, the founder and CEO of Kurios trains Latin American talent in product, growth and data analytics. They have instructors working at some of the most innovative companies in the world: Google, Stripe, Dropbox, Uber, Amazon, Facebook, Rappi, Mercado Libre, and more. [5]

Most importantly – we are proud to have invested in Kurios!

This site uses Akismet to reduce spam. Learn how your comment data is processed.