Finnovista, venture capital firm focused on the ecosystem development Fintech in Latin America, in collaboration with Visa, developed the Finnovista Fintech Radar Peru 2023 report. The study highlighted that, since its last version published in 2021, the ecosystem has experienced a compound annual growth of 19.3%, going from 132 identified projects, to reach 188 Fintechs to date. Despite this, this increase reflects a slowdown compared to the compound annual growth rate of 29.5% between 2017 and 2021.

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