Yotepresto.com became the first fintech in Mexico to reach one billion pesos in personal loans delivered through collective funding.
“We are very proud to have achieved it in just five years, I think that shows the growing interest of people in this type of loan and the potential we have as a sector,” said Rubén Chávez, CEO of the company.
The manager of yotepresto.com He highlighted that, despite imposing great challenges, the COVID-19 pandemic did not prevent fintech from placing one billion pesos through a relatively recent scheme in the country.
“It was not easy, but I also believe that the pandemic drove the adoption of models like ours, because it made people look for more attractive, innovative and transparent financial products,” he said.
The fintech operates through a scheme known as p2p lending (loans between people), a collective funding modality whose main objective is to offer lower rates on personal loans and more attractive returns on investment.
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“We have the support of more than a million users and a billion pesos delivered, so we are going to continue promoting with all the innovation that the financial market in Mexico demands and deserves,” said Chávez.
Yotepresto.com in numbers
- 1,000 million pesos in loans delivered.
- More than 1 million registered users.
- 20% average annual rate on credit.
- 17% average annual return on investment.
- Less than 5% in past due portfolio.
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