"One slows down or accelerates according to macroeconomic and we see a risk against a default context," said Ezequiel Weisstaub, CEO and co-founder of Credicuotas, a member of the Group BIND. "We believe there is a great opportunity for what financial technology is in Argentina," he added at a press meeting.
Credicuotas expects to triple its customer base by 2019 and its investment portfolio has increased 7 times since 2016. "We expect everything to improve when the macro starts to calm down, lower rates and redundancy and the suspicion of employment," he says.
On the other hand, Facundo Vázquez, company director and COO of the BIND Group, confirmed that "the crisis does not represent a better opportunity, if one looked at late payments in 2001, it did not give more information on Currently, we are not even near 2001 ".
With a portfolio of more than 2,000 million pesos, Credicuotas offers personal loans in shops to buy durable goods, with a presence of 2,500 shops; and online personal loans.
Vázquez explained that they were planning new developments such as the "Credicuotas" payment button ready to go to the market and we are doing the test with launching businesses. "
"We will estimate that we will be in the second quarter of next year," he said.
In correction, Juan Pablo Bruzzo, co-founder of Monte Fintech, said the company "has been growing every year multiplied by 3 and this year it will grow a little less".
"Not just as much about demand but more about precautions before Argentina's situation and to finish understanding if the real economy is going to address the" , he explained.
He stated that "generally in the financial system" an offense has increased to percentage levels and in the case of Moni lower than in the financial system. "
Bruzzo also referred to the money: "we launched a trust with 100% digital assets and in May, this market has dropped a lot, very few trusts are available since the start of instability".
On the other hand, Alberto García, CEO of Crédito Directo, who specialized in consumer loans through shops, chains and motorcycle agencies, said: "We've seen a significant brake on the use since mid-year, as well as an increase systemic in the default due to the current situation ".
"However, our prospects for 2019 are favorable, and we estimate that the use begins to restore it by the end of the first quarter."
"For this reason, we are working hard to continue to co-operate with the businesses and agencies, our strategic partners, and launch our B2C digital platform, with & # 39; The aim is to attract customers who are searching for an alternative, simple, competitive and personal choice, "he said. .
Meanwhile, Argentina's representative of Vivus, Salvador Calogero, said "the year was very good, we grew up 90% in the amount of loans and 60% in volume".
"The demand is very good, but the macroeconomic situation puts us on board because of foreign investors, and it's important to have a macro-stable context," he said.
He said "the group continues to put a lot on the local surgery and currently gives a maximum of 12 thousand pesos to 30 days but in March / April we are considering launching quotas, because we are in & # 39 ; n think the situation is improving ".
"We have more demand because other channels have closed, market players are breaking up for interest rates, Vivus has real money from his foreign shareholder," he said.
He said "it is hoped that next year will improve" and added that they are working to "create more partners that we can end up being linked to the client in the longer term, such as free ".