RIO DE JANEIRO, BRAZIL - Fintechs, or startups focused on financial services, are currently the star of investors in Brazil and worldwide. In February 2017, according to the Radar FintechLab hub, there were 244 such companies in Brazil. According to a survey by Fincatch, a fintechs evaluation platform, there are now 1,466. The data comes from W Fintechs, a Brazilian newsletter specialized in the subject.
These companies are growing mainly because paper money is heading toward . . .