March 22, 2023
Shearman & Sterling emerging growth partner, Carmelo Gordian, was featured in The Fintech Times’ Em Conversa series discussing how the FinTech industry in Latin America is expected to replicate the success of global markets.
“FinTech has been a hot sector globally for decades and remains the largest investment vertical in Latin America. Contrary to other more advanced economies, the opportunity within Latin America is focused on the underserved market. This is comprised of individuals and businesses that do not have access to banking, lending, credit, insurance and other financial products that are often taken for granted in the US and other more advanced economies,” said Carmelo Gordian.
Carmelo believes the Latin America venture market is at a stage comparable to the United States in the late 1980s and early 1990s, and expects the region to replicate this success over the next 25 years.
When commenting on Shearman & Sterling’s offering in Latin America, Carmelo said: “As a firm, we act as a bridge between Latin American companies in need of financial support, and sources of capital in the United States (and other markets). We also look for Latin America-based sources of capital whenever suitable.”
Carmelo further added: “What makes us special is the fact that we provide the connectivity that results in critical financing of emerging growth companies. As an organization, we are committed to continue investing in the region, to strengthen and deepen our offering, and in turn, to creating an even stronger platform from which to service our clients.”
First appeared in The Fintech Times.