a16z Podcast

Latin America: A Tech Powerhouse?

18 snips
Aug 24, 2024
Dileep Thazhmon, CEO of Jeeves, Santiago Suarez, CEO of Addi, and Gabriel Vasquez, investment partner at Andreessen Horowitz, delve into Latin America’s rise as a fintech powerhouse. They discuss how market nuances demand tailored approaches—what succeeds in Argentina might not in Brazil. The trio highlights the region's unique opportunities, regulatory challenges, and the crucial role of local talent in building successful ventures. They explore the fintech landscape, emphasizing financial inclusion and tech-driven innovation across diverse markets.
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ANECDOTE

Return to Colombia

  • Santiago Suarez felt a sense of duty to return to Colombia after working in the US.
  • He saw potential in the overlooked Latin American market with its tech-savvy population.
INSIGHT

Fintech Opportunity

  • Latin America presents a unique opportunity in fintech due to high smartphone penetration.
  • This contrasts with low credit card penetration, creating a market ripe for disruption.
INSIGHT

Jeeves Expansion

  • Jeeves, a global business bank, expanded into Latin America due to its openness to fintech, sophisticated infrastructure like open banking, and significant capital flow.
  • Latin America's regulatory environment and infrastructure made it an attractive region for Jeeves.
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