A Rosario-based fintech company is preparing to take the leap and expand the business to Uruguay. Two years ago, Maximiliano Isa Pavia created TuCuota.online, a startup dedicated to automated credit processes in financial companies and banks, so that they can participate in online tenders in affiliated businesses.
Born2Invest mobile application contains the latest business news, presented in an attractive and intuitive way. The application has several sections, with economic news, companies, markets, and opinion articles.
TuCuota.online fintech project
The startup has already won a prize from the Central Bank for financial innovation, and now the project has been selected by the Uruguayan government to boost it through an accelerator.
TuCuota.online applied last year to the call in which the startup was selected from over 200 Latin American companies. “There were 233 companies that applied, and only 30 were selected to work for 15 days at the Technological Laboratory of Uruguay in Montevideo,” explained the owner.
The development functions as an intermediary in the loan market, so that financial institutions compete with each other for the loans requested by businesses, generating better conditions and rates.
TuCuota.online has managed to develop quickly
TuCuota.online fintech company was funded in Rosario, Santa Fe, Argentina, in 2018, and was recently awarded in Uruguay through Proyecta Uruguay, a program with more than 10 years of experience, promoted by the National Agency of Research and Innovation of Uruguay.
The entrepreneurs went through an acceleration phase of the project, during which they worked together with mentors who advised them in order to start the development of the startup in the neighboring country.
“Once established in Uruguay, the fintech company can expand to the rest of the world. TuCuota.online startup is quoting solutions to reach Paraguay, Peru, and India. In any case, the company will continue to sell in Argentina,” said Isa Pavia, who is in charge of development with his partners Gonzalo Fernández and Alejandro Robledo.
Uruguay to become a technological hub in Latin America
The entrepreneurs pointed to the neighboring country because they are aware that there are tax advantages and great political and economic stability to implement the project. “In terms of software, it is the country that is developing this sector fastest and allocates the most resources to it. Uruguay wants to become a technological hub in Latin America,” said Maximiliano Isa Pavia.
TuCuota.online provides software services that enable professionals and small businesses to offer both online and at different points of sale loan alternatives, according to the credit profile of their client.
In addition, it allows financial entities to offer their loans in the businesses associated with the network. They are in contact with mutuals, fintech companies, banks and are currently creating a network of businesses so that the financial companies that work with them can offer loans.
TuCuota.online founders said business plans are important in order to succeed
The entrepreneurs, owners of TuCuota.online, also advised companies and investors who want to enter the fintech business through business plans and consulting. In 2018, they were awarded by the Central Bank in a financial innovation contest.
“I started the company in the incubator of the University of Virginia, Darden Business School, where I did an MBA, and then I came to Argentina to implement the solution,” recalled the entrepreneur. The objective of TuCuota.online is to help financial users find better and more credit opportunities.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in puntobiz.com, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
How can HRD pave its way in the evolving world of FinTech?
Indian FinTech companies have consistently shown that the companies are either on Merchant Payment, Consumer Payment, Lending and finance, or...
What types of licenses for the production of cannabis will be granted in Ecuador
Ecuador is committed to be a part of the billion dollars cannabis market and has recently put in place a...
How tech startups like Palate Club are helping health conscious consumers digest healthy choices
The wellness landscape has exploded into a profusion of research papers and must-have nutrients. Simply finding a product can, for...
Not all software IPOs are created equal
It's never a good idea to pour money into a company just because it's a tech company. Not every company...
How are sustainable labels awarded and what they stand for
There is no shared definition of the concept of "sustainable finance", which leaves a wide margin of interpretation when it...
Featured6 days ago
Which fintech company raised the most funds in Q3 2020?
Business7 days ago
How to grow your small business through Amazon advertising
Africa4 days ago
Fruitbox Africa: Frankfurt investor and Siemens to create jobs in Ethiopia
Cannabis6 days ago
Medical cannabis to be reimbursed in France from March 2021