Across the globe, fintech ventures are overtaking local startup ecosystems with innovative offerings that directly address the needs of consumers—all without the constraints of traditional banks. May of these fintech products/services operate in the payments space, empowering consumers and merchants with technologies to transact more efficiently and cost-effectively.
Argentina is leading the charge when it comes to innovative fintech offerings—here are 11 fintech startups you need to know about in 2017.
Afluenta’s platform provides a direct line of communication between investors and applicants, allowing lenders to provide financial resources to worthy recipients—without having to go through intermediaries. The startup has been featured by La Nacion, Mercado, and Apertura Tecno, among others.
Moon Money’s solution provides financing to small and medium enterprises quickly and efficiently. The online platform relies on a streamlined application process to deliver working capital micro-loans to businesses.
Pago Rural’s financial platform was designed to specifically address the needs of agribusiness. The solution allows firms to manage credits that can be used to pay for inputs in a safe and practical way.
Despite being founded in Argentina, Recarga Pay’s biggest market is currently in Brazil—its solution allows users to use mobile credits to pay bills and send money to friends and family. The startup was recent chosen to be part of MasterCard’s Start Path Global program.
RSK Labs has developed the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining. The company’s goal is to add value and functionality to the Bitcoin ecosystem by enabling smart contracts, near-instant payments, and better scalability.
Wuabi is a crowdfunding platform designed specifically to showcase agricultural projects. Supporters can browse through a variety of projects and provide support directly via the website.
Secocio’s platform allows entrepreneurs seeking venture capital to directly connect with investors for micro-investments—all accomplished 100% online, with no minimum investment requirements. Project investment categories include real estate, logistics, and startups, among others.
Crowdium is the first real estate crowdfunding platform in Latin America. The solution gives everybody access to the real estate market in a safe and simple way—with profitable outcomes, to boot.
VeriTran is a developer of digital banking/payments and omni-channel platform solutions for the financial industry and retail space. The company’s goal is to facilitate society’s transition to digital banking by lowering service costs, transforming payments, and enabling financial inclusion.
Mercado Pago is the leading online payment solution provider in Latin America. According the company, it has over 160 million registered users in 18 countries, making it the most visited retail website in Latin America and 8th in the world.
Ripio is a bitcoin wallet that caters to the Latin American market. Users can buy bitcoins with Argentine pesos or other South American currencies. The company has plans to expand its wallet service to Brazil and Mexico.
As you can see, Argentina’s startups are on the forefront of today’s leading fintech innovations. Be sure to keep these companies on your radar in 2017 and beyond.