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LATAM Fintech Mapping Week #7: Pipol, Mifutu, Credipy and Moneypool

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Team LATAM
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Every week, Techfoliance highlights four promising Fintech start-ups in LATAM in various verticals: Digital Banking, Payments, InsurTech or Investment. In this weekly FinTech mapping we have Pipol, Mifutu, Credipy and Moneypool.

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Pipol

Pipol is a Chile-based Fintech that has developed a mobile payment app that connects restaurants and consumers in a modern and easy way.

Discover here: http://web11.mundopipol.com/

Mifutu

Mifutu is a Chile-based Fintech that was co-founded by Rodrigo Sainz and Cristóbal Pereira, and that is creating fintech products and services to let people achieve their wealth creation process. The solutions are designed and programed as decentralized platforms that work on blockchain.

Discover here: https://mifutu.ro/

Credipy

Credipy is an Ecuador-based Fintech that has developed a solution to use cash in a simple, safe and fast way from a Smartphone. The platform allows people to open a free account, in just 3 minutes.

Discover here: http://www.credipy.com/

Moneypool

Moneypool is a Mexican-based Fintech that is creating the tools to allow friends to exchange money without hassle. As a one-on-one payment or a group collection, moneypool allows fast, seamless and enjoyable experience.

Discover here: https://www.moneypool.mx/

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Ripio adds Ethereum to its digital wallet

By
Alan MacCarthy
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0

Ripio, a digital wallet, became the first Argentine fintech to allow the purchase of Ethereum with Argentine pesos.

It is quite a milestone for the company and one more step towards the strengthening of the crypto ecosystem in the region. Ripio, the fastest growing Bitcoin company in Latin America, announced the integration of Ethereum to its cryptocurrency offer.

Ripio was first created in 2013 as a Bitcoin payment platform in Latin America. One year later, the company launched its own digital wallet. In 2016, it expanded its services to personal loans. In 2017, Ripio launched a successful crowdsale to finance its RCN project, an international credit network based on Ethereum, raising more than 37 million dollars. This year, it signed an historic agreement with the e-commerce giant Mercado Libre to let users transfer money between Ripio’s platform and MercadoPago.

Adding Ethereum to its digital wallet is a new step to provide financial solutions to the unbanked population. Last year, the company announced the integration of Zcash and has been focusing on developing innovative solutions to promote financial inclusion in the region.

“With the addition of Ethereum to our wallet, we are opening the game to a huge amount of financial possibilities and inclusive digital solutions” – commented Sebastián Serrano, co-founder and CEO of Ripio.

At the same time, Ripio is consolidating its operations in Latin America. It grew the team with executives in charge of markets like Mexico, Brazil and Colombia. The company also moved their headquarter to Buenos Aires to better serve the 200,000+ users throughout the region.

 

Techfoliance LATAM partners with Latio to promote fintech in Argentina

By
Team LATAM
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0

Techfoliance is proud to announce a strategic partnership with start-up community Latio to promote financial technologies and support entrepreneurs across the region.

Latio’s unique model is based on three pillars: community, education and open innovation. Throughout the years, Latio has built a powerful community of entrepreneurs in Argentina who connect to each other and participate to training sessions to better approach the challenges of entrepreneurship.

Together with Techfoliance, Latio will further strengthen its offering in the financial technology sector with two key objectives: promoting new entrants in the banking industry and bringing to life disruptive business models “made in Argentina” to position the country at the forefront of the digital transformation happening in Latin America.

“The Fintech sector in our country is growing at an unprecedented rate, but there is still much we can learn from the world to continue feeding that growth. That is what this alliance with Techfoliance is about: giving our entrepreneurs the opportunity to connect and shine on a global scale,” says Santiago Yelmini, CEO of Latio.

Over the past years, Techfoliance has been chasing Fintech players all across the globe and has played an active role in providing in-depth views of local ecosystem. Part of its mission is to help financial institutions better understand emerging trends and identify targeted solutions in high growth markets.

“In our view, Argentina is still highly undervalued in financial technologies, compared to its peers Brazil and Mexico, while opportunities in the country are big and chances to provide financial products to the underserved and unbanked very high,” explains Alexandre Velut, CEO at Techfoliance

 

Jasper, making crypto mining easier in Argentina

By
Alan MacCarthy
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0

Argentina is hosting a new crypto project called Jasper, a platform designed to make mining easier and take it to the mainstream.

Jasper was presented last week by 25 Argentine entrepreneurs and developers to members of the crypto community, local investors and other tech entrepreneurs.

Jasper aims to democratize the mining process and generate a value proposition so that the virtual currency can be used as a business tool.

“Through Jasper, we want people and companies to regain control over their money. Jasper is an equal, decentralized and non-competitive platform” said Gerardo Ratto, CEO of Jaspercoin.io

Profitable mining in Bitcoin is possible only if you have access to a large power consumption network, at a low cost. Other cryptocurrencies can be mined at a lower cost but require considerable know-how and computing power.

The mining process that creates the JasperCoin (JAC) currently uses a small fraction of the electricity required by the Proof of Work (POW) platforms while solving an important environmental problem.

“Our goal is for the cryptocurrency to be in the hands of millions of people. We are also committed on delivering a better customer experience,” Ratto said.

The Jasper network is designed to operate with a high volume of transactions at a speed of 40-50 times greater than the Bitcoin network, in a more economic and scalable way.

Among other applications, companies will be able to accept JasperCoins using them as marketing tools to expand their customer base. Additionally, companies may issue their own tokens (digital financial assets) to implement loyalty programs with their customers or suppliers. These low-cost promotional programs is expected to increase the circulation and acceptance of the cryptocurrency and place JasperCoin at the center of the blockchain economy.

Jasper made advance agreements with the beer manufacturer Belsh, the Familia Stampalia winery and the Citadella Recoleta product store to accept JAC and produce the first “cryptowine” and “cryptobeer” in Latin America.

In the second semester of this year, Jasper will make an initial coin offerings (ICO, for its acronym in English). In the ICO, 330 million JasperCoins will be put on sale. The funds obtained will be used to finance the project. With a maximum of 1,000 million, the remaining 670 million will be dedicated to the mining process.

 

The Bitcoin Day will take place in Argentina

By
Alan MacCarthy
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2

The Bitcoin Day will take place on the 5th of April in Buenos Aires, and is set to gather the community to share insights and practices on how best penetrate the crypto world.

The Bitcoin Day is accessible to anyone that is interested in crypto-currencies, and will go through basic information on the most famous virtual currencies while digging into more details on specific use cases such as how to buy and sell and what is the impact on the economy.

The event’s main objective is to provide the toolbox to promote the daily use of bitcoins between people and organizations. Organizers are looking for the “early majority” to loose their fear of using bitcoin and the blockchain; with the ultimate goal of increasing the application of this technology over time and its positive impact on society.

According to report published by the Bitcoin Argentina NGO, by the end of 2017 there were some 15 companies operating in Argentina, including local developments and foreign companies with a presence in the country.

The vast majority works on the financial uses of the currency: from specialized exchange houses to digital wallet services, collaborative loans in bitcoins or processing companies, intermediaries between a person who wants to pay in this currency and a trade that he wants to charge in pesos.

Argentina is a country that remains, for the moment, neutral in legal terms to the use of this technology. As said by Alvaro Gandia, technological entrepreneur and co-organizer of the Bitcoin Day:

“Today is not illegal in Argentina but it is not regulated either, a bill is being worked on to put some kind of tax”

During the event, experts will talk about the challenges and opportunities that are ahead: Diego Gutierrez Zaldivar (CEO of RSK Labs), Guillermo Torrealba (CEO of BUDA, former SurBTC), Carlos Maslatón (Head of Treasury XAPO), Gonzalo Blousson (CEO of Signatura), Manuel Beaudroi (CMO of Bitex) among other guests will be present.

Such event is a good illustration of how Argentina is rapidly positionning as a country with the best adoption of distributed technologies in Latin America.

 

Is Mexico the sleeping beauty of Fintech?

By
Team LATAM
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0

Fintech in Mexico has shown incredible growth in the past years, as it is targeting a big part of the population that has been excluded from the traditional banking system.

Mexico is certainly the leading country in Fintech in Latin America, along with Brazil, but it eyes bigger opportunities and ambitions to become a world reference in the sector.

Accoding to Eduardo Guraieb, General Manager of the Fintech Mexico Association:

“The FinTech sector in Mexico is booming with a very clear social sense. It is an industry that is growing by leaps and bounds, but that is still looking for sustainable growth. Yes, there is a commitment towards society that is higher than other industries.”

The behind the scene mechanic that is contributing to make Mexico a Fintech nation is impressive, as shown recently with the FinTech Law that is set to accelerate the development of electronic payments, collective financing and virtual assets (e.g. bitcoin).

Among advantages of such law are: greater protection of users’ interests, a better handling of their financial information and ability to attract more foreign investments, which would contribute to create bigger players such as the ones in the US.

As explained by Eduardo Guraieb, the Fintech Industry in Mexico is about to skyrocket:

“There is the largest remittance corridor in the world, a strong economy where there is a lot of money circulating and a deficit in the provision of financial services together with a high penetration of smartphones. If we add to all that the fact that Mexico is the point of entry for the North American region, the potential is practically unlimited.”

 

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