FintechLab, a connection hub with advisory focus, research and integration of the national Brazilian Fintech ecosystem, launched in February 2017 the Report 2017 with update of its well-known FintechLab Radar, which monitors market initiatives.
In this edition, the report notes the maturing of the ecosystem, through the emergence of regional poles of innovation, accelerators, corporate innovation programs, positioning of regulatory bodies, emergence of associations, among others. Radar FintechLab also evolves in this context, to represent not only the startups but the fintech movement in the country.
With respect to fintechs, the monitoring points to 247 initiatives, distributed in the categories Payments (32%), Financial Management (18%), Loans (13%), Investments (8%), Funding , Debt Negotiation (5%), Cryptocurrencies and DLTs (5%), Exchange (4%) and Multiservices (2%).
The survey, which was attended by 177 respondents, shows that the initiatives have already accumulated more than R $ 1 billion in investments in recent years.
The report also reviews the corporate programs sponsored by financial institutions as well as a look at the small, medium and large financial institutions that participate in the movement.
The report highlights some ways companies from other sectors are taking advantage of opportunities inherent in this movement, such as technology, retail and telecom.
Finally, the report explores trends for the coming years, such as DLTs, IoT (Internet of Things) and Machine Learning, as well as a look at how Brazil is positioned in the financial revolution movement in Latin America.
Report and Radar available for download here (Portuguese only).