Dominican Fintech Sector Posts Highest Growth In 2021

• The president of the Dominican Association of FinTech Companies (AdoFinTech), Miguel Ángel Adames, highlighted today that, between 2017 and 2021, the Dominican Republic was the country with the highest growth in Fintech Startups in the Latin American and Caribbean region, with an increase of 129%, according to data from the Inter-American Development Bank (IDB). 
• Outside of DomRep, financial technology companies have experienced rapid growth throughout Latin America, especially during the pandemic. In addition to helping to reduce the financial inclusion gap in the region, the Fintech sector has been one of the sectors that received the most investment, attracting $125.0Bn globally in 2021. 
• The FinTech sector will provide a vital boost to the Dominican Republic economy and the post-pandemic economic recovery process. A part of this support will come from the 16.4% expected revenue growth in the Digital Investment segment in 2023.

(Source: Dominican Today)