How “anti-bureaucratic” start-ups in Latin America attracted investors

Although Latin America is not the most stable region, this does not deter venture capitalists. What is the interest in local startups and what are the expectations from them - in the material of the Financial Times

In Latin America, buying a used car, renting an apartment, or opening a bank account is a real nightmare. It's all about paperwork, apathetic officials and legal risks.

With start-ups enabling people to avoid these problems, the region is emerging as a leader in technological growth in emerging markets. According to the International Private Equity Association, last year it was flooded with venture capital: the volume of funds raised by local companies amounted to $4.1 billion and exceeded the amount of investments in Southeast Asia ($3.3 billion), as well as in Africa, the Middle East , Central and Eastern Europe combined.

In the first half of 2021, Latin America raised $6.5 billion in venture capital, just short of the $8.3 billion that Indian companies raised.

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