Re:Launch HN: Atrato (YC W21) – Credit Card Alternative for ...
by atlasunshrugged on Friday March 12, 2021 @01:58PM
(#26439472)
Got it, that's interesting - also interesting to see Rappi, which definitely does have more data (for its users at least) on spending habits and earning, even in the informal economy launching a card. I wonder if there'll be more of that for companies like Uber/Taxify that specialize in informal labor but serve as a jobs market issuing their own local credit lines in partnership with financial institutions
Re:Launch HN: Atrato (YC W21) – Credit Card Alternative for ...
by rogereur on Friday March 12, 2021 @04:10PM
(#26440970)
Theres a company called Heru. They do all kinds of services for gig workers. It is definitely an interesting data-set to underwrite, you can connect to the apps APIs and pull a lot of data of these people and potentially create better financial products for them
Many people in Latam aren't part of a payroll and make their living from the informal economy. Even if those people have the acquisitive power, Banks will never extend them a credit line because they don't have anything to demonstate a steady income besides their word.