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Uruguay’s Montevideo is among the top two rising Fintech cities in the world

RIO DE JANEIRO, BRAZIL - Uruguay has for decades held the reputation of the Switzerland of Latin America, its relative stability and sound finances leading individuals from across the region to trust its banks for deposits and investments.

Now it is performing another feat with fintechs, exporting the services of a growing cluster of internationally-orientated companies, not just to Latin America but to the entire developing world.

“Our population is so small, we should be declared a protected species,” jokes Sebastián Olivera, founder and president of the Uruguayan Fintech Chamber and Findexable’s ambassador for Spain and Latin America . . .

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