Salvador Caloero, a representative in Argentina of Vivus fintech.
Online lending fines are booming this year, but remain cautious in their bid for economic instability and greater crime while expecting improvement next year and planning to launch new products.
"One of them slows down or accelerates in line with macroeconomics, and we see a default risk," said Ezequiel Weisstaub, CEO and co-founder of Credicuotas, a member of the BIND Group.
"We believe that there is a great opportunity in what is financial technology in Argentina," he added in a press conference.
Credicuotas expects to triple its customer base by 2019 and its investment portfolio has grown 7 times since 2016.
"We hope everything improves when the macro starts to calm down, cut rates and dispel the doubts about employment," he said.
On the other hand, Facundo Vázquez, company director and Chief Operating Officer of BIND Group, said that "the crisis is not a better opportunity if we look at late payments in 2001, it did not give more loans, we are not even near 2001. " ,
With a portfolio of more than 2,000 million pesos, Credicuotas offers personal loans at long-term purchases of goods with a presence in 2500 stores; and personal loans online.
Vázquez explained that they are planning new developments, such as the Credicuotas payment button, "ready to go to the market and test the business to put it on the market."
The year was very good, we increased 90% of the loan amount and 60% of the volume"
Salvador Coglur, Fintec Vivis
"I suppose we will be in the second quarter of next year," he said.
Juan Pablo Bruzo, a co-founder of Monte fintech, told Telam that the company "grows every year, multiplied by 3, and this year will grow slightly less."
"Not so much about demand, but about the caution before the situation in Argentina, and to finish understanding whether the real economy will affect crime," he explained.
He said that crime "as a whole in the financial system has increased to a percentage, and in the case of Moni is lower than in the financial system."
Brûzzo also mentioned funding: "we have begun trust with 100% digital assets and since May this market has fallen a lot, there are very few trusts since the beginning of volatility."
On the other hand, Credit Director Chief Executive Alberto Garcia, consumer credit specialist for stores, chains and motorcyclists, said: "We see a significant brake on mid-year consumption as well as a systematic increase in default due to the current situation."
"However, our outlook for 2019 is favorable, and we believe that consumption is recovering by the end of the first quarter."
"For this reason, we are working hard to continue with the business and agencies that are our strategic partners and to launch our B2C digital platform to attract customers looking for a flexible, simple, competitive and personalized alternative," he said. to Tellam.
Meanwhile, Argentine representative Vivus fintech Salvador Caloero told Telam that "the year was very good, we increased 90% of the amount of credit and 60% of the volume."
"Demand is very good, but the macroeconomic situation puts us in the spotlight because we have foreign investors, it is important for them to have a stable macro context," he said.
He said that "the band continues to rely heavily on the local operation and currently holds a maximum of 12,000 Peso in 30 days, but in March / April we plan to start quotas because we are betting that the situation is improving."
"We have more demand because other channels are closed, market participants reduce the bid for interest rates, Vivis has real funding from its shareholder abroad," he said.
He said the "prospect is that next year will improve" and added that they are working to "create more partners that we can complement them to contact with the client in the long run, such as prepaid and secured ".