Credijusto and i2c Partner to Bring Feature-Rich Credit Card to Small and Medium-Sized Businesses in Mexico | Business
REDWOOD CITY, Calif .– (BUSINESS WIRE) – August 25, 2021–
i2c Inc., a leading provider of digital banking and payment technologies, today announced its partnership with Credijusto, Mexico’s leading small business lender, to provide frictionless lending solutions to small and medium-sized businesses. companies (SMEs) in the country, with the upcoming launch of the Covalto American Express credit card.
In an effort to change the accessibility and use of contemporary business credit, Covalto will be available to businesses throughout Mexico in 2021. Issued by Credijusto, supported by i2c and supported on the American Express network, the credit card Modern Credit will be a first -unique business solution with digital integration. Without fees or annuities, the card and financing software offers businesses an innovative way to control their spending and gain increased visibility into their activity.
With the support of i2c and its highly configurable payment technology, Credijusto will offer customers feature-rich, digital-first business cards with unlimited cash back, next-generation security, 40 days of funding, purchase payment up to five monthly installments and virtual card capabilities with a fully digital experience through the Covalto app. This will reduce integration times and allow customers to access their lines of credit immediately.
“We are delighted to partner with Credijusto and help them deliver a truly innovative product for the Mexican SME market,” said Kevin Fox, executive vice president, global sales manager, i2c. “Innovative companies like these are a prime example of how current fintech and emitter-processor collaborations are reaching outsourced and high-demand market segments. “
“I2c was an obvious technology partner with the technical capabilities, reliability and commitment we were looking for to support our efforts in developing an integrated partner ecosystem,” said Allan Apoj, co-CEO and co-founder of Credijusto. “Beyond technology, their dedication to our vision of bringing the future of banking to Mexican small and medium-sized businesses was paramount to this partnership,” said Apoj. “In addition, American Express, as an ambitious brand, brought it all together,” added Apoj.
Credijusto’s Covalto trade credit offering aims to replace the common practice of business owners who use personal payment instruments to operate their business and offers a number of value-added benefits.
Founded in 2015, Credijusto is a financial technology company focused on lending to the underserved and rapidly growing small and medium-sized enterprise (SME) market in Mexico, through superior products in terms of price, speed of delivery and quality. customer experience. The company uses a combination of cutting-edge software design, innovative data science applications and advanced internal processes for decision making and product structuring.
Credijusto is backed by a group of world-class institutional investors including Goldman Sachs, Credit Suisse, Victory Park Capital, QED Investors, Point72 Ventures, Kaszek Ventures, Thomvest Ventures, Broadhaven Ventures, Ignia, Elevar Equity and John J. Mack.
About i2c inc.
i2c is a global provider of highly configurable banking and payment solutions. Using i2c’s proprietary “building block” technology, customers can easily create and manage a complete set of credit, debit, prepayment, loan and more solutions quickly and affordably. i2c offers unprecedented flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001 and headquartered in Silicon Valley, i2c’s next generation technology supports millions of users in over 200 countries / territories and in all time zones. For more information, visit www.i2cinc.com and follow us on @ i2cinc.
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CONTACT: Heather Clifton
Marketing Director, i2c
KEYWORD: MEXICO UNITED STATES CENTRAL AMERICA NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: SOFTWARE OTHER RETAIL BANKING ACCOUNTING SMALL BUSINESS PROFESSIONAL SERVICES TECHNOLOGY RETAIL TRADE
SOURCE: i2c Inc.
Copyright Business Wire 2021.
PUB: 08/25/2021 10:25 a.m. / DISC: 08/25/2021 10:26 a.m.
Copyright Business Wire 2021.