Fintech Is Default Local Due to Distinct Regional Regulations
Angela Strange · 20VC LATAM Part 2: a16z's Angela Strange on When To Expand Beyond Your Core Market, Why Serving the Unbanked is Such Good Business & Whether the Startup Will Acquire the Distribution before The Incumbent Acquires the Innovation? · Aug 19, 2021 · at 7:47
Angela Strange, General Partner at Andreessen Horowitz (a16z), discusses the barriers to cross-border fintech expansion in Latin America.
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“We talk about fintech being default local versus Default Global, because you want to hop from one country to the other, even if it's next door in Latin America, you've got a different set of regulation, a different set of infrastructure, probably a different set of cultural nuances, especially if you're going from Spanish-speaking Latin America to Portuguese-speaking Latin America in Brazil.”
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