This will hide itself!
Latin America and the Caribbean (LATAM) represent a dynamic region full of opportunities for businesses looking to expand. From GDP performance and corporate presence to Fintech innovation and cybersecurity investment, here’s an overview of why LATAM is becoming a focal point for international ventures.
Global Corporate Presence
Latin America’s influence on the global stage is evident in the 2024 Forbes Global 2000, which features 58 corporations headquartered in the region. Brazil leads with 26, followed by Mexico at 14, and the remaining 18 spread across other LATAM nations. This notable corporate footprint signals the region’s ability to foster large and resilient enterprises.
Traditional Financial Institutions, Digital Transformation, and Cybersecurity
More than 300 established financial institutions operate in LATAM, and many are allocating significant resources to Digital Transformation and cybersecurity infrastructures. This focus arises in response to the region’s elevated cybercrime risks, inconsistent law enforcement, and increase in competitor pressure from Fintech.
Specifically, Brazil is home to 51 traditional banks (as of 2023), while Mexico has 32, and Colombia counts 22. Their heightened commitment to digital readiness and security underscores the importance of technology-based solutions in the evolving financial sector.
Thriving Fintech Ecosystem
A recent Inter-American Development Bank (IDB) study highlights that LATAM is home to over 3,000 Fintech startups—a 340% increase over the last five years. Brazil accounts for 24% of these ventures, with Mexico following at 20%. Payments and remittances remain the most prominent segments, while Goldman Sachs points to payments, loans, personal finance, and insurance as high-potential areas. This Fintech boom is transforming traditional financial services and fueling regional innovation
Economic Overview
According to the World Bank Group, Latin America and the Caribbean maintain a collective GDP close to USD 7 trillion, positioning the region as the world’s fourth-largest economy. Looking ahead, the World Bank projects a 2.6% growth for 2025. Although the rate is modest, targeting countries or industries leading the charge—such as Brazil’s consumer and financial market or Mexico’s manufacturing base—can help maximize returns.
Final Note
Latin America and the Caribbean present a rich tapestry of business opportunities—whether you aim to invest in a burgeoning fintech sector, tap into large-scale corporate networks, or offer cybersecurity solutions to traditional financial institutions.
Interested in learning more? Schedule an appointment here to discuss how we can help you succeed in Latin America.
References
Fernando Oliveira
Founder & Principal, Oliver Springs