The fintech that provides registered online loans this year has increased demand but they remain cautious in their offers for greater economic volatility and delinquency, while they expect next year there will be improvements and they plan to launch new products. "One slows or speeds up according to macroeconomics; and now we see risk because of the default context," he said. Ezequiel Weisstaub, CEO and founder of Credicuotas, member of the BIND Group.
However, the businessman said: "We believe that in Argentina there are great opportunities for what financial technology is." Thus, Credicuotas hopes to triple its customer base by 2019 and its investment portfolio has grown 7 times since 2016. "We expect everything to improve when the macro begins to calm down, lower interest rates and eliminate doubts about jobs," he said.
Meanwhile, Facundo Vázquez, company director and Group CEO of BIND, said: "The crisis does not represent a better opportunity. If people see late payments in 2001, it does not lend more. The same thing at the moment we are not even close to the year 2001 ".
In harmony with these sayings, Juan Pablo Bruzzo, co-founder of Monte fintech, acknowledges that the company "has grown every year multiplied by 3" and this year will grow a little. "Not so much for demand but more for precautionary measures in dealing with the situation in Argentina and to resolve understanding if the real economy will have an impact on delinquency," he explained.
In this case, he said that delinquency generally increased to the percentage level and in the case of Moni it was lower than in the financial system. "We are launching trust with 100% of digital assets and in May this market has dropped a lot, there has been very little trust since the beginning of volatility," Bruzzo said.
On the other hand, Alberto García The CEO of Crédito Directo, fintech specializing in consumer loans through stores, chains and motorcycle agents, said: "We see significant brakes on consumption since the middle of the year, as well as systemic improvements in delinquency due to the current situation". However, he assured that the outlook for 2019 was profitable, and he predicted that consumption would begin to recover at the end of the first quarter of 2019.
"For this reason, we are working hard to continue to accompany businesses and institutions, which are our strategic partners, and launch our B2C digital platform, which aims to attract customers who are looking for an agile, simple, competitive and personalized alternative," he said. .
Meanwhile, representatives in Argentina from fintech Vivus, Salvador Calogero, indicating that the year was very good and that the company grew 90% in the loan amount and 60% in the volume level.
"The demand is very good, but the macroeconomic situation puts us in focus for the fact that it has foreign investors. For them, it is important to have a stable macro context," he observed.
In this case, he assured that the group continued to bet heavily on local operations and currently lent a maximum of 12,000 pesos to 30 days but in March it was thinking of launching a quota operation, due to improvements in the expected situation. "We have more demand because other channels have been closed, market players cut bids for interest rates. Vivus has funds from its shareholders abroad," he said.
And he concluded: "The perspective is that next year it will improve. Therefore, we are trying to make a greater number partner by which we can equip to connect with clients in the long term, as prepaid and safe. "(Télam)