Online lending companies expect to grow after a year of volatility


Online lending fintechs have seen increasing demand this year, but have remained cautious in their bid for economic volatility and higher delinquency, while they expect next year to see an improvement and plan to launch new products. "One of them slows or accelerates according to macroeconomics and we see risk by default," said Ezequiel Weisstaub, CEO and co-founder of Credicuotas, a member of the Bind Group.
"We believe that in Argentina there is a great opportunity for what financial technologies are," he said.
Credicuotas expects to triple its customer base by 2019 and its investment portfolio has grown 7 times since 2016.
For his part, Facundo Vázquez, director of the company and COO of the Bind Group, said that "the crisis does not represent a better opportunity". If we look at late payments in 2001, we did not borrow anymore. We are not even close to 2001 at the moment. "
With a portfolio of more than 2,000 million pesos, Credicuotas offers personal loans in stores for the purchase of durable goods, with presence in 2,500 stores; and personal loans online.
Vázquez explained that they are planning new developments, such as the Credicuotas payment button, which "is ready to enter the market and we are testing companies to launch it."
In tune, Juan Pablo Bruzzo, co-founder of Fintech Monte, said that the company "is growing every year multiplied by 3 and this year will grow a little less," he explained: "Not so much demand, but more for precaution before of Argentina's situation and finish the understanding if the real economy will have an impact on the default.
In the financial system has increased to percentage levels and in the case of Moni is smaller. "


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