Fintechs: Impacto do crédito ao empresário brasileiro

Abstract

The Brazilian financial sector, specifically that of granting credit to legal entities, is historically concentrated around five large banks. However, in the last decade, due to the expansion of use and opportunities arising from computerization, new financial intermediaries began to emerge that can, through a new and much less costly structure, provide credit easily and without bureaucracy to part of the population. These ventures known as Fintechs (financial fintechs, and techs to highlight embedded technology) began to gain ground annually, indicating that banking concentration may soon not be sustainable. By gaining size and capitalizing, fintechs are day after day entering new credit supply sectors previously dominated by large financial conglomerates, providing credit to legal entities in an easier, personalized and less bureaucratic way, thus earning increasingly greater market share compared to conventional banks. This research aims to carry out an exploratory analysis that points to the existence or not of a relationship between fintechs and the expansion of credit to Brazilian entrepreneurs. The results indicate that it is still premature to make such a statement, as the volume of credit granted by these institutions is still very small compared to the volume granted by the traditional banking system.