São Paulo has world’s 4th largest fintech ecosystem; Montevideo is 2nd fastest-growing fintech city

Uruguay is the real success story in Latin America. With less than 4 million inhabitants, it has gained 46 places, ranks now 17th, and has left behind nations like Mexico, Argentina, and Colombia.

RIO DE JANEIRO, BRAZIL - This year's edition of the Global Fintech Rankings report, prepared by Findexable in collaboration with Mambu, states that São Paulo, the largest city in Brazil and the Southern Hemisphere, is becoming a fintech powerhouse.

The city ranks fourth, only beaten in terms of quantity, quality, and the environment by San Francisco (USA), London (England), and New York (USA). Even innovation strongholds like Tel Aviv (Israel), Berlin (Germany), Boston (USA), and Los Angeles (USA) are behind the Brazilian metropolis, which many consider one of the most underrated cities in the world.

The United States retained . . .

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