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Re:Launch HN: Atrato (YC W21) – Credit Card Alternative for ... by rogereur on Friday March 12, 2021 @05:33PM (#26441787)
In Mexico and other countries in LATAM, there are huge department stores that have built their own banks to give their customers credit to purchase on the store. Combined, these stores have ~20 million customers and are some of the largest banks in Mexico.

Our solution it's focused on these customers, who already have some sort of credit but find paying their purchases on installments easier, more affordable and transparent than getting with a credit card.

We are enabling other merchant that aren't as big or don't having the ability to offer financing to offer this option to the customers.

Re:Launch HN: Atrato (YC W21) – Credit Card Alternative for ... by SMAAART on Friday March 12, 2021 @08:12PM (#26442983)
That's what SEARS did here in the US with what's now known as Discover Card.
Re:Launch HN: Atrato (YC W21) – Credit Card Alternative for ... by rogereur on Friday March 12, 2021 @10:57PM (#26443816)
Yes, exactly. It’s just like that but think as if SEARS had built the bank itself. It’s crazy but here literally two of the largest banks were created this way