8% of the world’s population live in Latin America, and 5% of the gross domestic product (GDP) has been created in Brazil, Mexico, Colombia, and Argentina. In the global fintech ecosystem, Latin America has an important position in its economy by boosting rapid-growth-centered technology companies. In recent times, technology initiatives and the number of Latin American unicorns has increased. According to the LADT 2021, Brazilian top 10 tech companies have the highest market cap in the region – over $86 billion in last decade. As a result, Brazilian fintech companies have a higher growth potential among other regions in the world.

Here is a list of the Fintech Unicorns in Brazil in 2022:

1. Nubank

Nubank, was founded in 2013 is the largest neobank which provides digital credit card and payments in Latin America.

2. StoneCo

StoneCo, was established in 2012 is one of the rapid-growing Brazilian fintech which providing services in innovative payment processes.

3. QuintoAndar

QuintoAndar was founded in 2012 in São Paulo to provide a platform that simplifies the rental of residential real estate for landlords and renters.

4. C6 Bank

C6 Bank has launched in 2018 for offering a retail banking platform of financial services for SME companies.

5. Bitso

In 2014, Bitso has started to specialize providing a cryptocurrency exchange platform which enables users make payments online.

6. Mercado Bitcoin

Mercado Bitcoin is a Brazilian cryptocurrency exchange platform that allows people to make transactions on cryptocurrencies, and digital assets.


EBANX was established in 2012 as an integrated international financial services company to offer an end-to-end payment solution across the whole flow of e-commerce transaction. The company aims to boost international business to expand faster in Latin America by offering local payment experience to the customers.

8. Creditas

Creditas is one of the key Fintech company in Brazil, 2012 which operates a digital platform for offering secured consumer loans. The company uses credit scoring systems and borrowers’ assets as a tool to offer loans.

9. CloudWalk

CloudWalk was founded in 2013 as a Brazilian payment startup. The company aims to democatising Brazilian payment industry by empowering entrepreneurs through technological, and life-changing solutions.

CFTE's Live Ranking of Fintech Unicorns by Market Valuation

What have the Investments in Fintech been in Brazil

  • Even while dealing with poverty and inequality in some areas around the country, in a short period, investment in Brazilian Fintech companies reached around US$52 million in 2015, compared with US$ 1.6 billion in 2019.
  • The Brazilian Central Bank encourages initiatives to increase adoption level of open banking, therefore e-banking, e-commerce opportunities in the market will increase so that new users who live in Brazil can be attracted to join financial system.
  • Currently, out of 210 million Brazilian population, Brazil has around quarter of whole population who are unbanked.

How many Fintech Unicorns does Brazil have?

  • In 2021, Brazil has become one of the top emerging countries globally by encouraging its entrepreneurship soul with incentives and a startup-friendly ecosystem. This motivation has resulted in 13 Brazilian startups reaching unicorn status and valued at over $1 billion.
  • Brazil is the leader in Latin America region by incubating the highest number of unicorns against other countries. While Brazil has 6 FinTech unicorns, Uruguay, Chile, Peru, Columbia, and Argentina has one unicorn in total.

Which Fintech Sectors have the most Fintech Unicorns in Brazil?

  • In Brazil, out of 13 unicorns sector segmentation has resulted as : 5 in financial services, 1 workforce wellness, 1 digital marketing, 2 delivery, 2 real estate, 3 e-commerce,and 1 gaming industries. In FinTech segment, Brazil has 4 main subsectors such as – digital banking, lending, crypto, and paytech.
  • The main reason why Brazil has a booming FinTech ecosystem is not only related with high level of technology usage adoption in Brazil, also due to ongoing Covid-19 pandemics boost digital transformation in Brazil. Especially decreasing trend of using cash due to health concerns, banking sector have the most fintech unicorns in Brazil.
CFTE's Live Ranking of Fintech Unicorns by Market Valuation

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