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¿What is a Fintech? For many years the financial industry has been dominated by a few monopolies, amongst them the banks and large financial institutions or part of the big economic clusters.

Thanks to the massification of information and technology advancements many ventures have taken care of thinking and providing solutions not only to existing entities but also people who are the end consumers of the industry.

What is a Fintech Company?

As a concept, fintech startups is a sector of the economy composed by companies that integrate technology to improve processes or automate Financial Services.

Within the sub-sectors that fintech companies solve there is the positioning of new financial services, iterating and adding value to the existing services, simplifying the current processes to provide greater speed to companies and consumers, making financial products more accessible for all, and offering better solutions through existing technology.

Additionally, we find in the future of Fintech two branches that are currently coming together. On one hand we have the traditional financial services, the banks and financial institutions that will continue to improve and technify their solutions.

On the other hand, we have new financial solutions such as cryptocurrencies, blockchain, that have become in many cases the official exchange currency.

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What does Fintech means?

Financial technology (Fintech) is used to describe new tech that improves and automates the delivery and use of financial services. Fintech is used in:

  • Big Companies
  • Pymes
  • Financial operations
  • Financial processes

Basically Fintech refers to the application of software and hardware to financial services and processes, making them faster, easier to use and more secure. The fintech industry includes everything from payment processing solutions to mobile banking apps.

How Does Fintech Work?

Fintechs provide individuals and businesses with access to traditional financial services in innovative ways that were previously unavailable.

Fintechs also greatly assist in:

  • Business service automation.
  • Loan underwriting
  • Real estate appraisals.

Basically Fintechs rely on Artificial Intelligence, data science and gigantic amounts of data about consumers and businesses.

This helps to understand customers in order to improve product development, marketing campaigns, problem solving and customer Life Time Value.

Types of Fintech Startups and Companies

Mobile banking and Neobanks

Mobile banking is the focus of many Fintech companies. Although we must differentiate between traditional banks supported by Fintechs and Neobanks:

Traditional banks are giving access to many people physically and digitally, while “neobanks” are banks without physical branches, where all processes are digital.

What do neobanks offer?

  • Checking services
  • Savings
  • Payments
  • Loans, etc.

Fintech Cryptocurrency

Cryptocurrencies and the Blockchain intersect with Fintech in a number of ways.

Platforms known as “Exchanges” are one of them. These applications allow cryptocurrencies to be traded and decentralized exchanges to be carried out (Some)

Closely related to this are the “Wallets” or crypto-wallets that allow to keep people’s cryptocurrencies safe.

Use of Blockchain by Fintechs:

  • Payment processing
  • Money transfer
  • Digital identity, etc.

Venture Capital Investment in Fintech industries

The two graphs show the accelerated growth that investment has had worldwide and in Latin America, while globally in 2011 there was an investment of 2.5 billion dollars, in 2020 in Latin America only the same amount has been invested.

This shows the great intention that many companies have to provide solutions to one of the industry’s that has in general massified the most and that have been able to leverage technology for the benefit of companies and consumers.

Fintech Venture Capital



What is Fintech and how it works

Fintech Startups in Latin America – Examples of Fintech



INIPAY’s (by Inipop) vision is to connect millions of communities by providing high-impact and low-cost wireless connectivity networks.

Deployed in 2021, has created the first payment network infrastructure running on LoRaWAN technology that provides connectivity to stores, banks, and delivery services in areas with low or no 3G/4G network coverage.


  • Enrique Cortés Funes
  • Alejandro Repetto



Wibond: ARG

Wibond is a technology-based company that rapidly grows and allows people to buy in installments without cards.

Them goal is to provide unique experiences under the purpose of working diligently in financial and digital inclusion for all of Latin America. To accomplish it, they are working as a team and shooting for the sky.


  • Ezequiel Bucai

Botin: USA

Botin is an investment super app and a one stop shop to trade traditional and non-traditional assets.

Its vision is to have the wealth generation tools of the 1% available to all.


  • Federico Patiño
  • James Jara
  • Robert Baron



Defiant: ARG

DEFIANT is a global non-custodial crypto wallet. Defiant allows its community to access DeFi (decentralized finance) protocols and store or use their assets in a secure, private and simple way, diminishing access barriers and transaction costs for everyone.


  • Bruno Calmels
  • Sergio Bravo
  • Celina Nieman

Defiant Videos:




Exactly: ARG

Exactly is building an open source, non-custodial protocol on Ethereum, that will bring fixed-income solutions for lenders and borrowers.


  • Gabriel Gruber

Exaclty Videos:



Kashin: PER

KASHIN is a social credit reputation app for underbanked micro-entrepreneurs in Latin America, it gives immediate loans between $12 and $125. Their social algorithm sets credit scores so that users increase their credit line and reduce interest rates according to their credit behavior and their first-degree referrals.


  • Christophe Robilliard
  • José Manuel Palacios

Kashin Videos:



Zenpli: PAN

Zenpli is an all-in-one identity decision platform. Through one intelligent API, we upgrade the way digital innovators in LatAm run identity verifications.


  • Rodolfo Chiari

Yuno: COL

YUNO wants to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods, as well as fraud detection tools, which can be costly and painful to manage.


  • Julián Núñez
  • Juan Pablo Ortega

Ubanku: COL

We transform the university ecosystem based on financial inclusion and education as the engine for change. Offering products and services that help the young population to have a better relationship with money and with the decisions that it brings.


  • Andrés Mendez
  • Andrés Franco
  • Federico Lopez Andrade

Creditop: COL

Creditop is the first credit portal where you can buy and manage your ideal credit, in real time, and without leaving the house. Our goal is to save you time and money when choosing your new credit or in the refinancing of the credit already acquired.


  • Daniel Garzón
  • Laura Ramos
  • Julián Melo

Creditop Videos:


Koban: BOL

Koban is a game changing fintech on a mission to reduce complexity and revolutionize the way money works in Latam.


  • Julio Moreno
  • Gustavo Anez
  • Vijay Pratap Singh

At Newtopia we are excited to continue spreading entrepreneurial energy, values ​​and goals that drive us to transform Latin America. If your business has a really big goal, seeking to transform reality, we invite you to join our community. To apply, you just have provide your information at https://newtopia.VC.

Is Fintech Dead?

Fintech is very far from dead. But not all fintech models are the same as we saw above. Revenue models and growth are different for each type of fintech, some may be more affected by the macroeconomic landscape than others. This must be understood by founders, CEOs and investors.

In conclusion, Fintechs are booming and in our opinion the new wave of generational companies is emerging that will have a great impact both on the economy and on all of us.

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