A tale of 44 cities | Sao Paulo S e l f e v a u l a t i o n o f t H h e u h b u b i i n n d i s c High Rank ix a t k o NEW HUB e y r s a r e a Sao Paulo s Hub profile M e xic o Ci G Jo ty o h v a e n r n n es m b e G n l u o b a l F i t rg C n e s n t r S e u 5 p ao 1 p Pa o ul r Oxigênio o t Startup Farm Wayra Jaka Cubo The Brazilian FinTech Scene is booming. With around 220 startups and rta VC investment reaching US$161 million in 2016, Brazil currently has n 1 B D In o u o n i 2 i more FinTechs and FinTech investment than any other country in Latin t INDEX SCORE 3 s n o a in g v v e a o s t America. In the last couple of years, many of the country's financial n s i o n I l n institutions have invested in FinTech by providing investments, support abo xed 9 uc and workings spaces. The Brazilian financial authorities are watching lG nI 6 243 rutl this sector closely and are studying regulatory models from other parts e of the world to further create their own regulation in this field. Low Rank tise Re per gula o ex tion ty t imi rox Hub representative P Fintech Committee at AB Startups rs Foreig stome CEO n startup ity to cu Bruno Diniz s Proxim Source: Global FinTech Hubs Federation Produced by Deloitte 60