Pomelo, Latin American fintech, won the Founders Games in Davos

During the week of World Economic Forum in Davosthe Webit Foundation organizes the Founders Games, an activity that aims to identify, support and reward firms that meet the characteristics of being scalable, sustainable and resilient. In this year’s edition, a fintech of Argentine origin was the winner.

Pomelo, dedicated to the construction and scalability of financial infrastructure, was the winner of the contest from among six finalists, who were selected from a list of participants that amounted to more than 3,400 start-ups from 140 countries. The winner is credited with a prize that consists of a funding of 6 million dollars provided by more than 750 investors.

“It was a very challenging competition and a unique experience within the framework of the World Economic Forum. We are grateful for this recognition, which undoubtedly confirms that we are on the right track. Grapefruit was born less than two years ago and we continue to be very focused on developing a new, modern and regional infrastructure,” he said. Gaston IrigoyenCEO and co-founder of Grapefruit.

Among the finalists, the winner was the only one dedicated to the financial area, while Noyes Technologiesalso a finalist, is dedicated to the automation of small warehouses; H4 Globalfocuses on generating impacts on climate change; Elephant in a Box seeks to create a sustained furniture industry; InoBat, specializes in electric batteries and iEscuela is an online technology education firm for students from six to 18 years old.

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Sector fintech latinoamericano

In recent years, the fintech ecosystem has grown and continues to grow rapidly, consolidating itself as a key player in responding to the needs of financial consumers in the region. According to a report published by Finnovista, there are 2,482 fintech platforms in Latin America.

The firms identified in the region are equivalent to 22.6% of the total number of these types of companies worldwide. Finnovista indicates that the geographical distribution of these startups is closely related to the size of the economies and their level of regulatory progress.

He points out that the largest economies in the region, Brazil y Mexico, together they bring together more than half of the total number of fintechs in Latin America and the Caribbean. While Colombia, Argentina and Chile end up accumulating 80% of these platforms in the region.