According to the Q4 2021 Embedded Finance Survey, Embedded Finance industry in the country is expected to grow by 45.3% on annual basis to reach US$3,741.9 million in 2022.
The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.0% during 2022-2029. The embedded finance revenues in the country will increase from US$3,741.9 million in 2022 to reach US$13,747.5 million by 2029.
The embedded insurance industry has experienced substantial growth in Brazil. This growth in the embedded insurance space can be primarily attributed to the growing number of insurtech firms emerging in Brazil. Notably, the number of insurtech firms has reached more than 200 in 2020, from less than 100 in 2017.
The rising popularity of embedded insurance policies is pushing the Brazilian start-ups to leverage this rapid growth by raising funds. The publisher expects that the market is likely to attract more investment in the next four to six quarters. It is also expected that capital infusion in the embedded insurance sector is projected to support the country’s overall insurance penetration rate.
Moreover, insurtech firms are focusing on innovation and integrating new products in the motor insurance sector. The publisher anticipates an increasing number of vehicle owners to adopt auto insurance due to easy availability over the next few quarters. This will subsequently boost the growth of the embedded insurance industry in Brazil from the short to medium-term perspective.
The rising e-commerce industry is also offering a significant growth opportunity for the embedded insurance industry in the country. For instance,
The embedded payment market in Brazil is still in the nascent growth stage. However, Brazil's huge population offers massive potential for the growth of the embedded payments market. Furthermore, growing investments in the market are expected to result in the evolution of the embedded payments market in the next four to eight quarters. Currently, the number of embedded payments providers is less in the country. With the growth in fundraising activities, the market is expected to grow from a short to medium term perspective.
Market players are increasingly joining hands to combine their expertise and develop new embedded payments solutions to capture the massive untapped population in Brazil. For instance,
The embedded lending market in Brazil is still in the nascent stage of growth. However, growing investments in the market are expected to result in the evolution of the embedded lending market in the forthcoming year. Currently, the country has only a handful of embedded lending providers. With the growth in fundraising activities, the market is expected to grow in the upcoming years.
Furthermore, Covid-19 has created a significant capital gap in the MSMEs segment in Brazil. Banks are unable to fill the $480 billion shortfall, which presents a significant opportunity for embedded lending providers in the country. To tap this opportunity, start-ups are entering the market, which is expected to result in the growth of the embedded lending market in Brazil. For instance,
This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.
This report provides in-depth, data-centric analysis of Embedded Finance industry in Brazil. Below is a summary of key market segments:
The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 27.0% during 2022-2029. The embedded finance revenues in the country will increase from US$3,741.9 million in 2022 to reach US$13,747.5 million by 2029.
The embedded insurance industry has experienced substantial growth in Brazil. This growth in the embedded insurance space can be primarily attributed to the growing number of insurtech firms emerging in Brazil. Notably, the number of insurtech firms has reached more than 200 in 2020, from less than 100 in 2017.
The rising popularity of embedded insurance policies is pushing the Brazilian start-ups to leverage this rapid growth by raising funds. The publisher expects that the market is likely to attract more investment in the next four to six quarters. It is also expected that capital infusion in the embedded insurance sector is projected to support the country’s overall insurance penetration rate.
Moreover, insurtech firms are focusing on innovation and integrating new products in the motor insurance sector. The publisher anticipates an increasing number of vehicle owners to adopt auto insurance due to easy availability over the next few quarters. This will subsequently boost the growth of the embedded insurance industry in Brazil from the short to medium-term perspective.
The rising e-commerce industry is also offering a significant growth opportunity for the embedded insurance industry in the country. For instance,
- In August 2020, Mercado Libre, the online marketplace company, launched a product to insure cell phones in Brazil. The insurance policy allows users to insure their smartphone screens or buy a complete robbery or theft coverage.
The embedded payment market in Brazil is still in the nascent growth stage. However, Brazil's huge population offers massive potential for the growth of the embedded payments market. Furthermore, growing investments in the market are expected to result in the evolution of the embedded payments market in the next four to eight quarters. Currently, the number of embedded payments providers is less in the country. With the growth in fundraising activities, the market is expected to grow from a short to medium term perspective.
Market players are increasingly joining hands to combine their expertise and develop new embedded payments solutions to capture the massive untapped population in Brazil. For instance,
- In November 2020, Brazil-based fintech company EBANX and ride-hailing app Uber announced a partnership on PIX (a payment system launched by the Brazilian government.
- Under this partnership, EBANX will allow Uber clients' needs of payments, localization, and good user experience through their solutions. Since a large population of Brazil does not have a bank account, Uber’s clients are anticipated to benefit from the newly introduced instant payment platforms, whereas EBANX is expected to utilize Uber’s existing client base.
The embedded lending market in Brazil is still in the nascent stage of growth. However, growing investments in the market are expected to result in the evolution of the embedded lending market in the forthcoming year. Currently, the country has only a handful of embedded lending providers. With the growth in fundraising activities, the market is expected to grow in the upcoming years.
Furthermore, Covid-19 has created a significant capital gap in the MSMEs segment in Brazil. Banks are unable to fill the $480 billion shortfall, which presents a significant opportunity for embedded lending providers in the country. To tap this opportunity, start-ups are entering the market, which is expected to result in the growth of the embedded lending market in Brazil. For instance,
- In July 2021, Dinie, Brazil’s pioneer API-first embedded finance fintech, raised US$3.8 million seed round led by Accion Venture Lab and K50 Ventures. The company plans to expand its reach into the micro, small, and medium enterprises (MSME) segment.
This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.
Scope
This report provides in-depth, data-centric analysis of Embedded Finance industry in Brazil. Below is a summary of key market segments:
Brazil Embedded Finance Market Size and Forecast
Brazil Embedded Lending Market Size and Forecast
Embedded Lending by Consumer Segments, 2020 - 2029
- Business Lending
- Retail Lending
Embedded Lending by B2B Sectors, 2020 - 2029
- Embedded Lending in Retail & Consumer Goods
- Embedded Lending in IT & Software Services
- Embedded Lending in Media, Entertainment & Leisure
- Embedded Lending in Manufacturing & Distribution
- Embedded Lending in Real Estate
- Embedded Lending in Other
Embedded Lending by B2C Sectors, 2020 - 2029
- Embedded Lending in Retail Shopping
- Embedded Lending in Home Improvement
- Embedded Lending in Leisure & Entertainment
- Embedded Lending in Healthcare and Wellness
- Embedded Lending in Other
Brazil Embedded Insurance Market Size and Forecast
Embedded Insurance by Industry, 2020 - 2029
- Embedded Insurance in Consumer Products
- Embedded Insurance in Travel & Hospitality
- Embedded Insurance in Automotive
- Embedded Insurance in Healthcare
- Embedded Insurance in Real Estate
- Embedded Insurance in Transport & Logistics
- Embedded Insurance in Others
Embedded Insurance by Insurance Type, 2020 - 2029
- Embedded Insurance in Life Segment
- Embedded Insurance in Non-Life Segment
Embedded Insurance by Type of Offering, 2020 - 2029
- Embedded Insurance in Product Segment
- Embedded Insurance in Service Segment
Brazil Embedded Payment Market Size and Forecast
Embedded Payment by Consumer Segments, 2020 - 2029
- B2B
- B2C
Embedded Payment by End-Use Sector, 2020 - 2029
- Embedded Payment in Retail & Consumer Goods
- Embedded Payment in Digital Products & Services
- Embedded Payment in Utility Bill Payment
- Embedded Payment in Travel & Hospitality
- Embedded Payment in Leisure & Entertainment
- Embedded Payment in Health & Wellness
- Embedded Payment in Office Supplies & Equipment
- Embedded Payment in Other
Brazil Embedded Wealth Management Market Size and Forecast
Reasons to buy
- In-depth Understanding of Embedded Finance Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).
- Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.
- Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate embedded finance strategy; assess market specific key trends, drivers, and risks in the industry.
- Get Sector Insights: Drawing from proprietary survey results, this report identifies opportunities across embedded lending, embedded insurance, embedded finance, and embedded wealth sectors.
Table of Contents
1 About this Report1.1 Summary
1.2 Methodology
1.3 Embedded Finance Definitions
1.4 Disclaimer
2 Brazil Embedded Finance Industry Market Size and Forecast
2.1 Brazil Embedded Finance - Revenue Trend Analysis, 2020-2029
2.2 Brazil Embedded Finance Market Share Analysis by Key Sectors
3 Brazil Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4 Brazil Embedded Insurance Industry Market Size and Forecast by Type of Insurance
4.1 Market Share Analysis by Type of Insurance
4.2 Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
4.3 Non-Life Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5 Brazil Embedded Insurance Industry Market Size and Forecast by End Use Industry
5.1 Market Share Analysis by End Use Industry Segments
5.2 Consumer Products - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.3 Travel & Hospitality - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.4 Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.5 Healthcare - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.6 Real Estate - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.7 Transport & Logistics - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
5.8 Other - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6 Brazil Embedded Insurance Industry Market Size and Forecast by Type of Offering
6.1 Market Share Analysis by Type of Offering
6.2 Product Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
6.3 Service Based Insurance - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
7 Brazil Embedded Lending Industry Market Size and Forecast, 2020-2029
8 Brazil Embedded Lending Industry Market Size and Forecast by Consumer Segment
8.1 Market Share Analysis by Consumer Segment
8.2 B2B Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
8.3 B2C Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9 Brazil Embedded Lending Industry Market Size and Forecast by Business to Business (B2B) Sectors
9.1 Market Share Analysis by B2B Sectors
9.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.3 IT & Software Services - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.4 Transport & Logistics - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.5 Manufacturing & Distribution - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.6 Real Estate - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
9.7 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10 Brazil Embedded Lending Industry Market Size and Forecast by Business to Consumer (B2C) Sectors
10.1 Market Share Analysis by B2C Sectors
10.2 Retail & Consumer Goods Lending - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.3 Home Improvement - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.4 Leisure & Entertainment - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.5 Healthcare & Wellness - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
10.6 Other - Embedded Lending Industry Revenue Trend Analysis, 2020-2029
11 Brazil Embedded Payment Industry Market Size and Forecast, 2020-2029
12 Brazil Embedded Payment Industry Market Size and Forecast by Consumer Segment
12.1 Market Share Analysis by Consumer Segment
12.2 B2B Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
12.3 B2C Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13 Brazil Embedded Payment Industry Market Size and Forecast by End Use Segment
13.1 Market Share Analysis by End Use Segment
13.2 Retail & Consumer Goods Lending - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.3 Digital Products & Services - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.4 Utility Bill Payment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.5 Travel & Hospitality - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.6 Leisure & Entertainment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.7 Health & Wellness - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.8 Office Supplies & Equipment - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
13.9 Other - Embedded Payment Industry Revenue Trend Analysis, 2020-2029
14 Brazil Embedded Wealth Management Industry Market Size and Forecast, 2020-2029
15 Further Reading
15.1 About the Publisher
List of FiguresFigure 1: Methodology Framework
Figure 2: Brazil Embedded Finance - Revenue (US$ Million), 2020-2029
Figure 3: Brazil Embedded Finance Market Share Analysis by Key Sectors (%), 2020-2029
Figure 4: Brazil Embedded Insurance - Revenue (US$ Million), 2020-2029
Figure 5: Market Share Analysis by Type of Insurance (%), 2020-2029
Figure 6: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 7: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 8: Market Share Analysis by End Use Industry Segments, 2021 Vs. 2029
Figure 9: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 10: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 11: Automotive - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 12: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 13: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 14: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 15: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 16: Market Share Analysis by Type of Offering (%), 2020-2029
Figure 17: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 18: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Figure 19: Brazil Embedded Lending - Revenue (US$ Million), 2020-2029
Figure 20: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 21: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 22: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 23: Market Share Analysis by B2B Sectors (%), 2021 Vs. 2029
Figure 24: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 25: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 26: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 27: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 28: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 29: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 30: Market Share Analysis by B2C Sectors (%), 2021 Vs. 2029
Figure 31: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 32: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 33: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 34: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 35: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Figure 36: Brazil Embedded Payment - Revenue (US$ Million), 2020-2029
Figure 37: Market Share Analysis by Consumer Segment (%), 2020-2029
Figure 38: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 39: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 40: Market Share Analysis by End Use Segment (%), 2021
Figure 41: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 42: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 43: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 44: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 45: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 46: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 47: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 48: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Figure 49: Brazil Embedded Wealth Management - Revenue (US$ Million), 2020-2029
List of TablesTable 1: Brazil Embedded Finance - Revenue (US$ Million), 2020-2029
Table 2: Brazil Embedded Insurance - Revenue (US$ Million), 2020-2029
Table 3: Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 4: Non-Life Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 5: Consumer Products - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 6: Travel & Hospitality - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 7: Automotive - Embedded Insurance Industry Revenue Trend Analysis, 2020-2029
Table 8: Healthcare - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 9: Real Estate - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 10: Transport & Logistics - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 11: Other - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 12: Product Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 13: Service Based Insurance - Embedded Insurance Industry Revenue (US$ Million), 2020-2029
Table 14: Brazil Embedded Lending - Revenue (US$ Million), 2020-2029
Table 15: B2B Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 16: B2C Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 17: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 18: IT & Software Services - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 19: Transport & Logistics - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 20: Manufacturing & Distribution - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 21: Real Estate - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 22: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 23: Retail & Consumer Goods Lending - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 24: Home Improvement - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 25: Leisure & Entertainment - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 26: Healthcare & Wellness - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 27: Other - Embedded Lending Industry Revenue (US$ Million), 2020-2029
Table 28: Brazil Embedded Payment - Revenue (US$ Million), 2020-2029
Table 29: B2B Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 30: B2C Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 31: Retail & Consumer Goods Lending - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 32: Digital Products & Services - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 33: Utility Bill Payment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 34: Travel & Hospitality - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 35: Leisure & Entertainment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 36: Health & Wellness - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 37: Office Supplies & Equipment - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 38: Other - Embedded Payment Industry Revenue (US$ Million), 2020-2029
Table 39: Brazil Embedded Wealth Management - Revenue (US$ Million), 2020-2029
Methodology
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