Midway through 2024, Mike Packer, a partner at fintech-focused QED Investors, predicted we'd already hit the bottom for funding to Latin American fintech startups, and that a bounce back was coming. While momentum hasn't been a straight shot up and to the right ever since, it's looking like he was right. The volume of venture capital dollars invested into fintech companies based in LatAm has already surpassed 2023 with another month left in the year. So far in 2024, $2.6 billion has been invested across 174 deals, according to PitchBook data. This compares to the $1.5 billion invested across 241 deals in 2023. While these aren't huge totals, 2024 has already seen a 73% increase in funding volume compared to 2023. 'At a conference in May, I was speaking to some of our seed founders and said, 'I'm going to call this as the bottom of LatAm equity funding,'' Packer told TechCrunch. 'I knew a bunch of deals in the pipeline, it seems like we are off the bottom.' Sao Paulo-based Conta...
learn more
