More and more Argentines turn to fintech: how much money do they lend, what do they use it for and what are the advantages

Fintechs were the main providers of the first credit of people in Argentina during 2021, with 22% of the loan pie, either through apps or websites that are funded in banks or with investors, or under collective financing systems (crowfunding).

For his part, Matías Friedberg, co-founder of Adelantos.com, microcredit vertical of Ixpandit Fintech Factory, says that “the end-to-end process, from the moment you enter the page for the first time until you have the credit available in the bank account, lasts less than two minutes, can be done 24 hours a day and 90% is done through a mobile”.

In a survey by the Fintech Chamber, industry leaders remark that it is very important to focus on the development of specific offers for sectors that do not yet have access to credit.

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