Supported by widespread technological adoption and shifting demographic trends, emerging market urban hubs are rapidly becoming relevant centers for entrepreneurial development and innovation. It is estimated that about 1.7 billion adults remain unbanked globally, with other financial penetration metrics revealing a similar picture, suggesting massive opportunity for the large-scale adoption of fintech solutions.
Having been active in emerging markets since Fund I, FTC’s portfolio has nine companies active in Latin America and three in Sub-Saharan Africa, gravitating around four main innovation ecosystems: Sao Paulo, Bogota, Mexico City and Lagos. As COVID continues to accelerate digital adoption in these urban centers, we look forward to contributing to the entrance of hundreds of millions of people into spending middle classes.
Interested in learning more? Come listen to Brooks Gibbins and Carlos Alonso Torras discuss outstanding trends in these geographies, some of FTC’s emerging markets portfolio companies and introduce FTC's emerging cities thesis.
Brooks Gibbins, Managing Partner, FinTech Collective
Carlos Alonso Torras, Investor, FinTech Collective