GuiaBolso entered into a strategic partnership with Finerio, a Mexican fintech, which has a similar performance, with operations also in Colombia and Chile. Together, they plan to operate in other countries in Latin America and prepare companies in the region for the changes that will happen with the implementation of open banking.
The alliance envisages that Guiabolso and Finerio work together, particularly so that existing customers and other regional and international companies can also adopt the best technology for aggregating, analyzing and applying bank data in each market of their operation. With this, customers will have access to a wide shelf of B2B products of the partnership, including solutions related to open banking, at a time when other countries in the region are beginning to follow the recent steps of Brazil.
“Finerio is a co-sister of ours and we have long wanted to enter into some kind of agreement with them. Some of our fintechs customers have already expanded to new markets in Latin America, but this union is something unprecedented until then in the market because it is an expansion of infrastructure and intelligence over bank data that allows the creation of new innovative products. In other words, we want to sell the most advanced shovels and picks along with our long knowledge and expertise in this ‘race’ for open banking in the region, ”comments Benjamin Gleason, one of the founders of GuiaBolso.
By the end of this year, Guiabolso and Finerio hope together to further consolidate the leadership in this sector in Latin America. “In this market for B2B open banking solutions, those who also operate a B2C financial management application end up having a unique advantage in terms of data intelligence and value-added features for consumers - and only Guiabolso and Finerio have these 'laboratory' operations in their markets to subsequently extend this product offering to our customers banks, fintechs and any other company that wants to generate a competitive advantage through open banking ”, observes Nick Grassi, Co-CEO and founder of Finerio.
GuiaBolso, which appeared in 2014 and has already received US $ 80 million in five investment rounds, has more than 6 million users. Finerio was born as a personal finance management platform in 2016. Its solution has already been validated by more than 350 thousand users in Mexico and is the only one adapted to the needs of the Latin American Spanish market.
GuiaBolso entered into a strategic partnership with Finerio, a Mexican fintech, which has a similar performance, with operations also in Colombia and Chile. Together, they plan to operate in other countries in Latin America and prepare companies in the region for the changes that will happen with the implementation of open banking.
The alliance envisages that Guiabolso and Finerio work together, particularly so that existing customers and other regional and international companies can also adopt the best technology for aggregating, analyzing and applying bank data in each market of their operation. With this, customers will have access to a wide shelf of B2B products of the partnership, including solutions related to open banking, at a time when other countries in the region are beginning to follow the recent steps of Brazil.
“Finerio is a co-sister of ours and we have long wanted to enter into some kind of agreement with them. Some of our fintechs customers have already expanded to new markets in Latin America, but this union is something unprecedented until then in the market because it is an expansion of infrastructure and intelligence over bank data that allows the creation of new innovative products. In other words, we want to sell the most advanced shovels and picks along with our long knowledge and expertise in this ‘race’ for open banking in the region, ”comments Benjamin Gleason, one of the founders of GuiaBolso.
By the end of this year, Guiabolso and Finerio hope together to further consolidate the leadership in this sector in Latin America. “In this market for B2B open banking solutions, those who also operate a B2C financial management application end up having a unique advantage in terms of data intelligence and value-added features for consumers - and only Guiabolso and Finerio have these 'laboratory' operations in their markets to subsequently extend this product offering to our customers banks, fintechs and any other company that wants to generate a competitive advantage through open banking ”, observes Nick Grassi, Co-CEO and founder of Finerio.
GuiaBolso, which appeared in 2014 and has already received US $ 80 million in five investment rounds, has more than 6 million users. Finerio was born as a personal finance management platform in 2016. Its solution has already been validated by more than 350 thousand users in Mexico and is the only one adapted to the needs of the Latin American Spanish market.