Debit Installment Purchases: The startup plans to process $1 billion in payments per month

GOquotes Strong growth is expected to continue, amid strong advances in the digitization of payments. Fintech processes more than $800 million each month and predicts that this number will increase to $1 billion this year and it will climb ten times This company was founded in 2019 by entrepreneurs from Cordoba.

The startup is growing at 500% per year in a sustainable manner and foresees further progress as they see a great opportunity in the market to “be are the only ones in the country to calculate consumption with debit cards”.

This financial inclusion fintech, without interest or maintenance costs, It has more than 45,000 member companies, more than 700,000 users, and the average ticket is $17,000. Except, offers microloans and approved amounts range from $9,000 to $120,000, depending on achieve user credit.

“We are targeting the audience under the bank, to those people who do not have credit. In Argentina there is a large number of those who do not have access to bank financing or Credit cards or outright prefer not to use it,” said Emiliano Canova, CEO and co-founder of GOcuotas.

The entrepreneur pointed out that the company’s proposal focuses on “responding to continuous interest rate increases, due to the scarcity of the ‘interest-free payment’ option with credit cards and the intention of the user do not borrow long-term”.

The company makes its profit through the commission it charges to the businesses, which are around 7.5% on average, which is “significantly less than the Now 3 plan and other payment alternatives on the market,” so he thinks yes is competitive at the level of financial costs for the consumption quota.

GOquotes It is present in almost the entire country and can be used in both face-to-face and online purchases. The most selected articles in consumption through this medium are sportswear, footwear and clothing, technology, perfumery and personal care, and children’s clothing.