The Caribbean’s fintech sector is gaining traction, with the recent FinTech Islands Experience (FiX25) in Barbados drawing international investors and industry leaders. The event, now in its third year, highlighted the region’s growing potential in digital banking, mobile payments, and financial technology solutions, according to co-founder and CEO Allison Hunte.
Hunte emphasized that FiX25 was created to help the Caribbean advance in financial services technology, making digital finance more accessible to individuals and businesses.
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Addressing Financial Gaps in the Caribbean
The inspiration for FinTech Islands emerged during the COVID-19 pandemic when Hunte and co-founder Kurt Persaud identified gaps in financial technology adoption across the region. Their vision was to bring industry leaders together to discuss advancements and drive progress.
A key theme at FiX25 was financial inclusion, as many Caribbean residents remain unbanked or underbanked, relying on cash transactions or informal savings methods.
“My grandmother used to save money under her bed,” Hunte shared. “That practice still exists because, for some, traditional banking hasn’t been accessible or convenient. The Caribbean must keep pace with global fintech advancements to ensure better options for its people.”
A Platform for Startups and Investment
FiX25 also served as a launchpad for Caribbean fintech startups, connecting them with global investors. A highlight of the conference was the Startup Pitch Competition, where ten regional startups competed for investment, mentorship, and funding.
“It’s not easy being an entrepreneur in the region, especially in tech,” Hunte said. “We wanted to create a space where startups can gain exposure, meet investors, and access the support they need to grow.”
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Barbados as an Emerging Fintech Hub
The conference is positioning Barbados as a leading fintech hub, with investors and industry leaders recognizing its potential for business development and innovation.
“We’re seeing increasing discussions on how Barbados can attract more fintech businesses,” Hunte noted. “Companies and investors are looking at the island as a place to collaborate, test new ideas, and build partnerships.”
FiX25 also contributed to the local economy, as attendees extended their stays to explore business opportunities and cultural experiences.
“It’s about fostering connections while showcasing the beauty and business potential of Barbados,” Hunte added.
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Strengthening Regional Collaboration
Another major focus of FiX25 was regional collaboration in financial technology, particularly in cross-border payments, remittances, and banking accessibility. Discussions centered on reducing transaction costs and enhancing the Caribbean’s financial ecosystem.
Hunte believes the conference is already driving meaningful conversations and fostering key partnerships. Organizers plan to expand its impact in the coming years.
“FinTech Islands is more than just a conference—it’s a space for ideas, partnerships, and real solutions,” she said.
As fintech continues to evolve globally, the Caribbean has a unique opportunity to strengthen its financial infrastructure, ensuring greater financial inclusion and competitiveness in the digital age.
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