Brazil: number of BaaS startups 2020, by sector
segment for blockchain startups in Brazil, concentrating more than 23 percent of the new companies operating in the South American country. Among this segment, startups offering services for diverse sectors (general) were the most common type of businesses, followed by startups providing solutions to the FinTech sector.
As of November 2020, blockchain-as-a-service (BaaS) was the second most popular