"One of them slows or accelerates according to macroeconomics and we see the risk by the standard context," 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 is financial technology," he added at a press meeting.
Credicuotas expects to triple its customer base by 2019 and its investment portfolio has grown 7 times since 2016. "We expect everything will improve when the macro starts to calm down, lower rates and dispel doubt about employment," he said.
On the other hand, Facundo Vázquez, director of the company and COO of the BIND Group, stated that "the crisis does not represent a better opportunity, if we look at late payments in 2001, it did not lend anymore, we are not even close to 2001 ".
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."
"I would estimate that we will be in the second quarter of next year," he said.
In tune, Juan Pablo Bruzzo, co-founder of Fintech Monte, said that the company "has been growing every year multiplied by 3 and this year will grow a little less."
"Not so much demand, but more as a precaution against the situation in Argentina and to understand if the real economy will impact on delinquency," he explained.
He said that the default "in general in the financial system has increased to percentage levels and in the case of Moni is lower than in the financial system."
Bruzzo also referred to the financing: "We launched a fund with 100% digital assets and from May that market fell a lot, there are very few funds since the beginning of the volatility."
On the other hand, Alberto García, CEO of Crédito Directo, specializing in consumer loans through stores, networks and motorcycle agencies, said: "We have seen a significant brake on consumption since the middle of the year, as well as a systemic increase in consumption" . the standard because of the current situation. "
"However, our outlook for 2019 is favorable, and we expect consumption to begin recovery by the end of the first quarter."
"Therefore, we are working hard to keep up with the businesses and agencies that are our strategic partners and launch our B2C digital platform, with the goal of attracting customers looking for an agile, simple, competitive and personalized alternative," he said. .
Meanwhile, the representative in Argentina of Vivus fintech, Salvador Calogero, indicated that "the year was very good, we grew 90% in the volume of loans and 60% in volume".
"Demand is very good, but the macroeconomic situation catches our attention because of foreign investors, it is important for them to have a stable macroeconomic context," he said.
He said that "the group continues to bet heavily on the local operation and currently lends at most 12 thousand pesos to 30 days, but in March / April we are thinking of launching quotas because we bet the situation improves."
"We have more demand because other channels have been closed, market participants have reduced the offer of interest, Vivus has genuine financing from its overseas shareholder," he said.
He said "the prospect is that next year will improve" and added that they are working to "create more partners with whom we can complement the long-term customer relationship, such as prepaid and insurance."