🧵 1. Chilean fintech startup Fintoc secures $7 million to expand in Mexico, tapping into the growing demand for open banking solutions in smaller markets. #fintech
🧵 1. Chilean fintech startup Fintoc secures $7 million to expand in Mexico, tapping into the growing demand for open banking solutions in smaller markets. #fintech
🧵 2. Fintoc's API allows online businesses to accept instant payments directly from bank accounts, offering a more cost-effective alternative to credit card transactions.
🧵 3. With a focus on Mexico's underbanked population, Fintoc sees opportunities in neobanks emerging to address financial inclusion challenges in the region.
🧵 4. Despite competition from other players, Fintoc has gained significant traction in Chile, with over 1.2 million monthly users, showcasing its market presence and potential for growth.
🧵 Read more at: https://techcrunch.com/2024/04/25/fintoc-a2a-payments-chile-mexico/