[guillegette]

I was born in Argentina, I understand the pain. People that don't have credit cards is mostly because:

a. they are not in the financial system, meaning they get paid in cash, etc

b. they get paid too little or they have debt so their score is low and therefore they don't get access to a card

Your solution seems to be more suitable for people that can actually access a credit card but they find them "hard" so they can opt for something like your solution.

Curious to hear your take on this.

[rogereur]

In Mexico and other countries in LATAM, there are huge department stores that have built their own banks to give their customers credit to purchase on the store. Combined, these stores have ~20 million customers and are some of the largest banks in Mexico.

Our solution it's focused on these customers, who already have some sort of credit but find paying their purchases on installments easier, more affordable and transparent than getting with a credit card.

We are enabling other merchant that aren't as big or don't having the ability to offer financing to offer this option to the customers.

[SMAAART]

That's what SEARS did here in the US with what's now known as Discover Card.

[rogereur]

Yes, exactly. It’s just like that but think as if SEARS had built the bank itself. It’s crazy but here literally two of the largest banks were created this way