Let’s start by reminding you what Fintech is. This is the name given to finance companies that use technology as their main tool. The concept is a composition of the words financial and technology.
What differentiates fintech from traditional finance companies is the use of technology in each of the processes they perform.
The biggest benefit they offer you apart from being able to finance your SME is the speed with which they manage to give you an answer. Likewise, the processes they handle increase customer satisfaction.
Why is time money?
Asking for a loan in the traditional way can take you days that you could be investing in your business and its improvement. Order one in a fintech shortens the term and the journey to an establishment. They can also offer you a better option of products.
If you acquire a credit in this type of company these are other advantages that you can have:
Since the fintechs are totally technological, each of their processes with clients is through digital tools. Your request is through internet and the documents that you request are also sent in this way.
It is more convenient to request a loan in this way since they have the facility to acquire more information with less requirements.
But clearly here many entrepreneurs fear, but they need to trust since there are laws that regulate them. It is very difficult that your information is in danger, especially if you choose correctly and investigate the company.
The credit they offer may be greater than others. The interest rates they establish are lower than traditional banks, because they reduce many additional costs that this would charge you.
They are the best option if you are undertaking them as they are fully adapted to the needs of each of the clients and their SMEs.
Since they are adaptable, your financing could be better and better if you manage it properly. Of course they evaluate important data to analyze your ability to pay and based on that make you an offer.
We recommend you stay up to date with your financial knowledge in order to benefit your SME, improve your credit history and the profitability of your business.
Are they for SMEs?
The index indicates that more than 80% of economic units in Mexico are considered small and medium enterprises. Which is very important for the development of the country.
The fintech’s mission is to cover the bias that the big banks leave behind: SMEs and their momentum.
If what you want is a credit and ask for it in the easiest way and without wasting time this is the option.
Remember that you should thoroughly investigate the company that you decide to feel comfortable giving your data. But above all that the offer you provide is not only the best but the appropriate one.