This article showcases our top picks for the best Ecuador based Fintech (Financial Technology) companies. These startups and companies are taking a variety of approaches to innovating the Fintech (Financial Technology) industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top Ecuador Fintech (Financial Technology) Companies
Kushki is a payment platform tailor-made for Latin America that uses local logic and pricing and can be rapidly integrated. It connects LATAM through payments.
Kushki offers clients an integrated payments platform and omnichannel solutions for e-commerce, m-commerce, and physical stores. The startup’s API standardizes the ecosystem’s fragmented payments landscape, including credit and debit cards, bank transfers, and cash networks with over 300,000 physical points of payment.
Founded in New York City in 2016, by serial entrepreneurs, Aron Schwarzkopf and Sebastian Castro, the company has operations in Brazil, Chile, Colombia, Ecuador, Mexico, Peru, USA and Canada.. .
It is estimated that the global credit gap for SMEs – owned by women – amounts to USD 300 billion per year. Mujeres Wow, our B2B2C platform, aims to solve this credit gap in an innovative way, leveraging the concept of female empowerment.
In this regard, Mujeres WOW is aimed at female entrepreneurs interested in accessing loans to accelerate their ventures. Our platform uses an algorithm that analyzes the social reputation of the applicants and creates a credit rating based on related parameters.
This credit rating is then used by financial institutions to provide affordable loans. In our app, it is precisely women who qualify other women on particular metrics (reliability, collaboration, punctuality, etc.) according to their role as friends, neighbors, clients, mothers, colleagues, suppliers; thus creating a Women-to-Women community..
Mensajea is an AI-powered chatbot builder that integrates financial institutions and e-commerce platforms. It is an online platform that allows to automate the conversations of a company in the instant messaging channels such as Facebook Messenger and Whatsapp.
Founded in 2016, the company is based in Quito, Pichincha, Ecuador.. .
FODEMI is a nonprofit microfinance institution (MFI) in Ecuador that provides microcredit coupled with basic education including financial literacy, budgeting, and women’s empowerment. The organization provides small, affordable working capital loans to microentrepreneurs living in both semi-urban and rural areas.
The organization targets predominantly women living below the national poverty line that have been historically excluded from traditional financial markets. FODEMI is able to reach these women through its group lending methodology which promotes solidarity, discourages delinquency and eliminates the need for borrowers to own collateral..
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