'Yo', the pioneer of the offer of credit in exchange for physical assets in Mexico
Yo, a leading company in the fintech sector, revolutionizes the financial landscape in Mexico and Latin America by offering a pioneering security guarantee solution. With this, Yo Card clients will be able to convert physical assets into digital lines of credit, marking a milestone in the region's financial industry.
By addressing liquidity challenges and unlocking the intrinsic value of physical objects, the Mexican startup transforms traditional lending rules, unlocking growth opportunities and providing financial stability.
YOU MAY BE INTERESTED: Thinking like a rich person will help you have more money in the bank
The company emphasized that it not only offers a line of credit, but also an opportunity to build and improve the credit history of its users, opening doors to future financial opportunities. In a context where 21% of the Latin American population still does not have access to a financial account and more than 56 million adults in Mexico do not have a formal credit product.
Main features of the Yo Card:
- Leveraging physical assets: Users will be able to use physical items, including watches, jewelry, gold, electronics, and more, as collateral to obtain a virtual and physical credit card.
- Receiving digital and physical card: Customers will instantly receive a digital credit card, and within a few days, a physical card will be delivered by mail, both completely free of charge.
- Alliance with the collateral loan industry: In strategic collaboration with a leading collateral loan company, users can store their assets in secure facilities in a network of branches with coverage throughout the national territory.
- Collateral Agnostic Vision: The technology platform developed by Yo accepts both physical assets and collateral money and has plans to expand to assets such as stocks, cars and real estate.
- Establishing credit history: Yo Card users will have the opportunity to begin building a solid credit history, as their good payment behavior will be reported to credit bureau institutions, which can improve their future financing opportunities.
- Benefits: Offers a cashback program of up to 3% of each transaction.
- User-centric experience: Users have the flexibility to choose traditional currency or physical assets as collateral and decide their credit limit.
Our vision of being 'collateral agnostic' allows us to offer unique and effective financial solutions. By unlocking the intrinsic value of physical assets, we provide financial freedom and liquidity to those who need it most, especially young people looking to start their financial life," said Julian Arber, CEO and co-founder of Yo.
"With the Yo Card, we want to reconfigure the landscape of financial inclusion in Mexico. This product empowers users, accessing credit according to their circumstances, without the limitations of traditional guarantees," added Rafael Maya, President and co-founder of Yo .
Additionally, management highlighted the innovative use of artificial intelligence across Yo's operations, including fraud detection, risk management and valuations, underscoring the company's commitment to security and efficiency.
CHECK THE BREAKING NEWS HERE
- Allow me to introduce myself. I am Nathan Rivera, a dedicated journalist who has had the privilege of writing for the online newspaper Today90. My journey in the world of journalism has been a testament to the power of dedication, integrity, and passion.
My story began with a relentless thirst for knowledge and an innate curiosity about the events shaping our world. I graduated with honors in Investigative Journalism from a renowned university, laying the foundation for what would become a fulfilling career in the field.
What sets me apart is my unwavering commitment to uncovering the truth. I refuse to settle for superficial answers or preconceived narratives. Instead, I constantly challenge the status quo, delving deep into complex issues to reveal the reality beneath the surface. My dedication to investigative journalism has uncovered numerous scandals and shed light on issues others might prefer to ignore.
I am also a staunch advocate for press freedom. I have tirelessly fought to protect the rights of journalists and have faced significant challenges in my quest to inform the public truthfully and without constraints. My courage in defending these principles serves as an example to all who believe in the power of journalism to change the world.
Throughout my career, I have been honored with numerous awards and recognitions for my outstanding work in journalism. My investigations have changed policies, exposed corruption, and given a voice to those who had none. My commitment to truth and justice makes me a beacon of hope in a world where misinformation often prevails.
At Today90, I continue to be a driving force behind journalistic excellence. My tireless dedication to fair and accurate reporting is an invaluable asset to the editorial team. My biography is a living testament to the importance of journalism in our society and a reminder that a dedicated journalist can make a difference in the world.
- Celebrities11/12/2023Respect and understanding for the family, says López Obrador after the death of 'El Chapo's mother
- Celebrities11/12/2023Every Time Margot Robbie Channeled Barbie IRL
- North America11/12/2023Biden and Congress considering big changes on immigration
- Latin America11/12/2023They report the death of the mother of “El Chapo” Guzmán