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July 23, 2022
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This is the number of ‘fintech’ that currently exists in Colombia

This is the number of 'fintech' that currently exists in Colombia

According to the Colombia Fintech guild, currently in the country, 76% of the active population in the financial sector does it through fintech solutions.

(See: The role of the ‘fintech’ after the rise in world inflation).

In addition, the union highlights that in Colombia there are 322 companies dedicated to financial innovation distributed in nine segments, where are credit and digital payment; business finance, among others.

According to the latest report prepared by Colombia Fintech, with a cut-off date of May 2022, the companies that offer digital credit services have a 33.11% share, followed by digital payments (26.42%), business finance (10 .37%), Regtech (9.36%), PFM & Wealthtech (8.63%), Crypto & Blockchain (4.01%), Crowdfunding (4.01%), Insurtech (3.01%) and Neobanks (1.34%).

(See: Cashier: the option for businesses to charge with Nequi and Daviplata).

Other relevant figures from the report indicate that the ‘fintech’ ecosystem has generated more than 9 thousand jobs, and 75% of organizations employ, on average, a workforce between 1 and 50 employees. Likewise, 83% of the collaborators are linked under the indefinite-term employment contract scheme.

(See: Nanocredit: the weapon to end the ‘drop by drop’).

BRIEFCASE

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