Latin America – a new frontier for British tech
International investment in Latin America has more than doubled since 2013 - 25 new investors entered the region in 2017 - with China and Silicon Valley leading the way. Mexico and Brazil are two of the top three markets for Google and Facebook in terms of monthly users and Latin America is a top growth market for companies like Spotify and Netflix.
Although Europe has been the main trade and economic partner for the UK, now might be the perfect time for Britain to expand its horizons and strengthen its global partnerships. In fact Britain’s trade with Latin America in the last decade has been growing much faster than its trade with the EU.
Now is the perfect time for Britain to make the most of the boom in the tech industry in Latin America, especially as their tech focus is very similar to Europe - AI, FinTech as well as ride-sharing apps. The potential for new collaborations is a very exciting prospect for any industry wanting to maximise its global reach, particularly with the growth Latin America's tech sector is currently experiencing.
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