Latinia Corporate News (2020)

The year 2020 marked a significant milestone in Latinia’s activity within the Latin American fintech ecosystem. After several years participating in acceleration programs and investing in startups in the financial sector, the company consolidated its position as one of the most active corporate investors in fintech in the region.

This article highlights one of the most relevant corporate milestones of Latinia during 2020, related to the recognition of its investment activity within the fintech ecosystem in Latin America.

Latinia, leading corporate investor in fintech in Latin America

Latinia consolidated its position as the corporation that has financed the highest number of fintech projects in Latin America, especially in Mexico, complementing its activity as a provider of financial notification software for banking institutions. This positioning was recognized by various industry analyses, including the report Global Investors’ New Fintech Frontier by Finnovista and Lendit, as well as intelligence tracking by ALLVP, one of the most active venture capital funds in the Mexican market.

“We are often asked why a software manufacturer like Latinia invests in fintech. In our case, there are several reasons behind this decision, one of them being that the banks we work with increasingly expect more than just a provider; they want a partner,” explained Oriol Ros, Corporate Development Director at Latinia.

Latinia’s investments in the fintech ecosystem

Since the beginning of its investment activity, Latinia has participated as a partner of Startupbootcamp FinTech in a total of 45 investments through acceleration and scaling programs carried out in Latin America. In addition to this, the company has made direct investments in fintech startups with a presence in the Mexican market.

Among the companies in which Latinia has invested are Dapp (payments), Facturedo and Prestanómico (lending), Flink (neobank), UALET (robo advisor), Prometeo and Belvo (open banking), and Tu Identidad (biometrics and identity verification).

“Our company celebrates its 20th anniversary in 2020, and the experience, the mistakes, and the shortcuts are assets that we believe should be returned to the market. The most tangible and committed way to do so is by investing in fintech startups and guiding them in their growth processes,” added Ros.

Beyond the financial aspect, Latinia also highlights the value of technological collaboration with these companies. Many of these investments are focused on B2B projects within the financial industry, where the solutions developed by these startups can complement the technological offering provided to banks and financial institutions in the region.