Latin America is the world's mine and breadbasket, as the reverse of critical minerals for the clean energy transition and major food exporter.

Neutral LatAm emerges as an unlikely beneficiary of US-Chine polarization, with Mexico surpassing China in US imports while China becomes the primary tarde partner for the rest the region.

Internet access has risen to levels comparable to the US, mainly driven by middle- and lower-income groups, fueling a new demand profile for "high value" e-commerce and financial services.

Founder optimism has 5x since last year, as venture funding in LatAm stabilizes at leves similar to 200 and startups emerge leaner and meaner after a painful period.

Rewards from compounding growth of the companies should amount to trillions of dollars of value creation over the next decades, as LatAm tech catches up to peers like India and China.

Despite historial venture funding (as % of GDP) that is 1/25th that of peers like India, LatAm has produced more $1B+ exits (and for more total equity value).

Digitalization will make SMBs in many industries winners, as we expect it to provide a path to higher productivity for group that is more numerous in LatAm yet produces only half as much as those in the US.

Pix instant payments in Brazil are used 2x as often as cash, while 95% of interactions with financial institutions are digital. Other countries in the region are moving to follow the lead!