Brazilian FinTechs Continue To Lure In Worldwide Investors

As one of the biggest emerging economies in the world, investors have turned their attention to a number of Brazilian FinTech startups. A recent report from JPMorgan showed that Brazil’s eCommerce economy posted double-digit growth rates in the mid-teens between 2015 and 2017. In particular, mobile shopping has enabled more buying activity – it now represents $7.6 billion of sales and is used for 32 percent of all eCommerce payments in Brazil, with the market expected to grow at a compound annual growth rate of 14.4 percent to 2021...