Salvador Calogero, representative in Argentina from Vivus fintech.
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 the macro economy and we see risk with the default context," said Ezequiel Weisstaub, CEO and founder of Credicuotas, a member of the BIND Group.
"We believe that in Argentina there are great opportunities for what financial technology is," he added in a meeting with the press.
Credicuotas hopes to triple its customer base by 2019 and its investment portfolio has grown 7 times since 2016.
"We hope that everything will improve when the macro begins to calm down, lower interest rates and eliminate doubts about jobs," he said.
On the other hand, Facundo Vázquez, company director and BIND Group COO, stressed that "the crisis does not represent a better opportunity, if someone sees late payments in 2001, it does not lend more, when we are not even close to 2001".
With a portfolio of more than 2,000 million pesos, Credicuotas offers private loans in stores for the purchase of durable goods, with attendance at 2,500 stores; and online personal loans.
Vázquez explained that they are planning new developments such as the Credicuotas payment button that is "ready to be marketed and we are testing with the business to launch it".
That year was very good, we grew 90% in the number of loans and 60% in volume"
Salvador Caloger, fintech Vivus
"I will estimate that we will be in the second quarter of next year," he said.
In tuning, Juan Pablo Bruzzo, founder of Monte fintech, told Telam that the company "has grown every year multiplied by 3 and this year will grow a little less".
"There is not too much for demand but more for precautionary measures before the Argentine situation and for resolving understanding if the real economy will have an impact on delinquency," he explained.
He said that mischief "in general in the financial system increased to the percentage level and in the case of Moni it was lower than in the financial system."
Bruzzo also refers to funding: "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".
On the other hand, CEO Alberto García Crédito Directo, fintech specializing in consumer loans through shops, chains and motorcycle agents, said: "We saw significant brakes on consumption since mid-year, as well as systemic improvements at default due to the current situation" .
"However, our view for 2019 is profitable, and we estimate that consumption will begin to recover at the end of the first quarter."
"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. to Telam.
Meanwhile, representatives in Argentina from Vivus fintech, Salvador Calogero, told Telam that "that year was very good, we grew 90% in the number of loans and 60% in volume".
"Demand is very good, but the macroeconomic situation puts us at attention because it has foreign investors, for them it is important to have a stable macro context," he observed.
He said that "the group continues to bet a lot on local operations and currently lends a maximum of 12 thousand pesos to 30 days but in March / April we are thinking of launching a quota, because we believe that the situation is improving."
"We have more demand because other channels have been closed, market players cut bids for interest rates, Vivus has original funds from its shareholders abroad," he said.
He said that "the prospect is that next year will increase" and added that they are working to "create more partners with whom we can equip to deal with clients in the long term, such as prepaid and insured".