VCs have invested $8.8 billion in Latin American startups this year, as investors chase the digital transformation of sectors including fintech, real estate and ecommerce in one of the world’s busiest markets.

The rise of fintech innovation and demand for online banking tools amid the pandemic has propelled Latin America to undergo a digital transformation.

UBS has agreed to take a majority stake in Brazilian multifamily office Consenso Investimentos to accelerate the Swiss banking giant’s recent expansion in the country.

So far the Olympics have carried on disaster-free, but it’s not for want of opportunity. Meet five startups that could have helped solve the problems plaguing the biggest sporting event of the year.

With the steady slide of the Brazilian real against the U.S. dollar since 2011, Brazilian companies have presented attractive investment opportunities to many U.S. private equity firms.

If the football fortunes of Germany and Brazil play out as their PE and VC investments over the past few years have, there may be some broken hearts in Brazil.