[thegginthesky]

When you say LATAM, which countries are currently supported?

This sounds awfully familiar to how credit cards work in Brazil, where merchants can let you divide payments in an arbitrary number of monthly installments. For example Amazon let's you divide up to 10 times, some brick and mortar stores let you parcel up even longer.

[rogereur]

We're currently in Mexico! And yeah, here you can do that as well. The problem is that not a lot of people have a credit card (90.5% to be exact) and even if they have, they have enough credit limit and deal with the opacity, late fees, and complexity of credit cards. Also, this is defered interest, not actual installments, that means that wen you miss a payment you get charged the interest rate of your card (60% APR on average in MX)

[thegginthesky]

Thanks for the reply! It seems the credit card system in Mexico is way more complicated than what I have experience with. Kudos to you guys for trying to disrupt the system!

[JuanCasian]

We are currently only supporting Mexico. As you mentioned in Brazil credit cards are really strong, but here in Mexico Credit Cards penetration is really low so there is a huge amount of people that are unable to divide their payment into monthly installments. Thats were Atrato comes in! We allow our customers to divide the payment without the need of a credit card