I decided to start this blog because I believe that the Fintech knowledge has to be shared. I am currently living in Brazil and I want to show what is happening in the Latam market. Sometimes, I will also write about other continents because they can be great references and models for Latam countries.
Why did I start this experience with the sentence Fintech needs you?
Because Fintech needs all of of us.
Fintech needs Banks and Insurance companies. Some people say that financial startups are enemies of banks, others say that they are allies. Remember the annual letter that the CEO of JP Morgan, Jamie Dimon addressed to the shareholders warning that “the Silicon Valley is coming”. Banks are certainly worried about the thread of this newcomers however they are also aware that they can learn from them. Today, several international banks are leading accelerators program for Fintech startups. The Fintech industry is thus learning about the stakes of big banks and how they can work together. Interesting outcomes will appear from these relationships and that is what makes the current financial services industry so exciting.
Fintech needs investors. Fintech needs venture capitalists, seed capital, angels, crowd funding from all around the world to create new solutions and reach more people. I feel that Latam Fintech is not yet internationally well known. The Fintech industry is growing within the Latam countries but we need that international investors inquire about what is happening in Latin America and decide to invest. This blog can help to advertise the high potential Fintech actors that we have in Latin America.
Fintech needs users. We assume that the millennials are the first users to the new technologies and the disruptives services of the Fintech. We are not wrong however we also need to involve the other generations that are curious about innovations. In technology, there are new solutions popping up all the time. Hence, people requires some guidance to use the best app or website that will really solve their problems. The blog expects to bring some light to the increasing offer of technological innovation in the financial sector.
Fintech needs partners and employees. During a Fintech conference in Sao Paulo, one of the founders of Guiabolso, stated that especially in Fintech the team is key to make a difference. The experience and complementarity of the team members ensure success. Most of the Fintech founders have already worked in banks or insurance companies before starting their startups. Team background brings credibility to convince investors. For example, this blog can gather a financial community and with that some interesting job opportunities can emerge.
Several challenges and opportunities are surging within the Fintech ecosystem that is why it is so interesting. So, Fintech is in vogue…true. It is even becoming fancy. Nevertheless, Fintech also represents inclusion. This industry will allow more people to have access to financial services and also will teach how to deal with money in order to reduce indebtedness. Fintech can also be a social business.
A new financial landscape is being built and everyone wants to be part of. With the rise of Latam countries in the startup ecosystem, we expect Fintech Latam to reach a new level and be disruptive. I am confident that we will see this progress soon.