The article discusses the critical role of emerging markets in revolutionizing fintech, focusing particularly on Latin America's evolving landscape. David Lask from Tala emphasizes the importance of addressing financial inclusion for the 'global majority,' highlighting that over 4 billion people lack sufficient access to financial services. Tala's mission is to provide financial solutions that enable better financial health and stability. The piece notes a trend towards market consolidation in Latin America, where established fintech companies partner with startups to enhance their offerings and support broader financial inclusion efforts, using Mexico as a prime example of this innovative evolution.
Tala was founded in 2014... with this mission of expanding the access of financial services for what we call the global majority, which over 4 billion people around the world that suffer from not enough access to financial products that they need to be able to have a healthier financial life on a day to day basis.
The fintech landscape in Latin America is entering a consolidation phase where established players are collaborating with startups to enhance service delivery and promote wider financial inclusion.
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