2023-07-08 08:00:00
Crypto is the fastest growing segment and Costa Rica and the Dominican Republic are the two countries with the most Fintechs in the region.
Photo: Courtesy.
San Salvador. Misión Lunar, the organization that analyzes the Fintech ecosystem in Central America, presented today at the offices of Mastercard Costa Rica, its first research report and analysis of the latest trends in the matter.
This report is relevant for financial institutions, investors, government interlocutors and public entities, as it helps to define and execute innovation and partnership strategies with startups, as well as to attract international investors.
This is the first time that Misión Lunar has included the Dominican Republic on its regional radar, in an effort to unify the region. According to the results of the report, the Fintech ecosystem of Central America and the Dominican Republic starts in 2023 with 272 identified companies. In Central America, 41 new Fintechs are incorporated, which represents an increase of 25% compared to 2021.
Specifically, Costa Rica went from having 49 to 61 registered Fintechs, thereby achieving the highest growth and accumulating, along with the Dominican Republic, the largest number of Fintechs in the region.
In the segmentation of Fintechs, it is shown that 53.6% operate in payments, 17.5% in credits and 16.6% are financial software companies. The highest growth between 2022 and 2021 was registered in the crypto segment, with 58%, followed by 30% in credits and 14% in payments.
Costa Rica, El Salvador, Guatemala and the Dominican Republic are part of the countries in the region that have a space for communication between Fintech innovators and regulators with a Financial Innovation Center, which shows signs of maturity in these countries.
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