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  • Entrepreneur created a fintech for online loans to SMEs, what is it about? – Financial Sector – Economy
Investments and Business

Entrepreneur created a fintech for online loans to SMEs, what is it about? – Financial Sector – Economy

Avatar photoMitchell G. Patton4 years ago
Entrepreneur created a fintech for online loans to SMEs, what is it about?  – Financial Sector – Economy

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rappiCard

The entity has been offering a credit card without a handling fee for some time.

The entity has been offering a credit card without a handling fee for some time.

The CEO of RappiPay expects that by the end of the year they will have a million open accounts.

Find the validation of The Lie Buster at the end of the news.

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LATEST NEWS EDITORIAL

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UK

February 22, 2023, 3:44 p.m.

Through your platform rappiPaythe Rappi company will launch in the next few days a savings account.

(You can read: Changes to My House They already set off the alarms because it would benefit fewer families)

The announcement was made by the CEO of RappiPay in Colombia, Gabriel Migowski, who stated that they hope to “close the year with one million accounts.”

Rappi is originally an application for addresses, which little by little has ventured into the business of financial products.

According to the company, the savings account will allow withdrawals at Davivienda ATMs in the country, without the use of cards, online and offline debit purchases, PSE payments and bank transfers. In addition, it will give annual effective returns of 7% to its users.

And why should withdrawals be made at Davivienda? Well, it should be noted that RappiPay is a fintech that emerged several years ago from an alliance between the Davivienda bank and Rappi. Based on this alliance, RappiPay entered the credit card and virtual prepaid card market.

RappiPay credit and debit cards can be used in any physical or virtual store.

(We recommend: The Creg warns that intervening prices can lead to rationing)

According to the newspaper Portafolio, “the concept of fintech is derived from the sum of the words finance and technology and has been used to describe technological developments whose purpose is to improve or automate the use of financial services.”

In September 2022, Fintech RappiPay announced that it reached one million users in Colombia.

RappiPay is a commercial financing company, which is supervised by the Financial Superintendency.

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UK

February 22, 2023, 3:44 p.m.

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Avatar photo
By Mitchell G. Patton

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