Salvador Calodero, representative in Argentina from Vivus fintech.
Finteht, which approves online loans, registered increased demand this year, but they remained cautious in their bid for economic instability and greater delinquency, while expecting that next year there will be improvement and plans to open up new products.
"One slows down or accelerates according to macroeconomics and we see a risk in a standard context," said Ezekiel Weisstaub, executive director and co-founder of Credicuotas, a member of BIND Group.
"We believe that in Argentina there is a great opportunity for what is a financial technology," he added at a press conference.
Credicuotas expects to double its customer base by 2019, and its investment portfolio has increased 7 times since 2016.
"We hope that it will all be improved when the macro begins to calm down, lower rates and clear the suspicion of employment," he said.
On the other hand, Fatcudou Vasquez, director of the company and chief executive officer of BIND Group, confirmed that "the crisis is not a better opportunity, if we look at the end of payments in 2001, it did not borrow more, at the moment we are not nearing 2001 year ".
With a portfolio of over 2,000 million pesos, Credicuotas offers personal loans in stores for the purchase of durable goods, with a presence in 2,500 stores; and personal loans via the Internet.
Vasquez explained that they are planning new developments, such as the Credicuotas payment button that "is ready to go to the market and we do the test with businesses to get started."
The year was very good, we raised 90% in the amount of the loan and 60% in volume"
Salvador Caloder, Finteh Vivus
"I will evaluate that we will be in the second quarter of next year," he said.
In the adjustment, Juan Pablo Bruce, co-founder of Monte Finteh, told Telam that the company "is growing every year multiplied by 3 and this year will increase slightly less."
"Not so much for demand, but rather for a precautionary measure over the situation in Argentina and to complete an understanding of whether the real economy will affect delinquency," he explained.
He said delinquency "in general in the financial system has risen to percentage levels and in the case of Moni is lower than in the financial system."
Bruce also referred to funding: "We started trusting with 100% digital assets and since May this market has fallen a lot, there is little confidence since the onset of instability."
On the other hand, Alberto Garcia, executive director of Crédito Directo, Fintehte, specializing in consumer loans through stores, chains and motorcycle agencies, said: "Since the middle of the year we have seen a significant consumption brake as well as a systemic increase in defaults due to the current situation ".
"However, our perspective for 2019 is favorable, and we estimate that consumption begins to recover by the end of the first quarter."
"For this reason, we are working hard to continue to accompany businesses and agencies that are our strategic partners and start our B2C digital platform in order to attract customers seeking an agile, simple, competitive and personalized alternative," he said . to Telam.
Meanwhile, a representative in Argentina from Vivus fintech, Salvador Calogero, told Telem that "the year was very good, we raised 90% in the amount of loans and 60% in volume."
"The request is very good, but the macroeconomic situation is attracting attention because we have foreign investors, it is important for us to have a stable macro context," he noted.
He said "the group continues to bet much on the local operation and is currently helping a maximum of 12,000 pesos to 30 days, but in March / April we are considering starting quotas, because we bet the situation is improving."
"We have higher demand, because the other channels are closed, market players have reduced the interest rate offer, Vivis has real funding from its shareholder abroad," he said.
He said that "the prospect is that the next year will improve" and added that they are working on "creating more partners with which we can upgrade to connect with the client in the long run, such as prepaid and the insured."