Crediviva enables Panamanian consumers to buy goods on installment plans at over 200 partner merchants using a simple QR‑code scan, without needing a credit card, credit history, or a bank account—just a national ID and email. The mobile app processes approvals within minutes and lets users manage 24‑ or 48‑month payment schedules directly from their phone, providing a fast, low‑friction financing alternative for everyday purchases.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers in Panama lack access to affordable financing options that allow them to purchase goods without a credit card or extensive credit history, leading to limited purchasing power and reliance on cash or high‑interest loans.
Solution
Crediviva offers a mobile platform that enables users to buy products from over 200 partnered merchants and split the cost into 24‑ or 48‑month installments. Registration requires only a national ID and email, and approval is delivered within minutes through a QR‑code‑driven workflow. The app handles the entire checkout, financing, and repayment process, providing a seamless, card‑free experience directly from the smartphone. Payments are managed in‑app, giving users clear visibility of their installment schedule and allowing them to pay on time without visiting a physical store.
Target Audience
Crediviva targets Panamanian consumers who want to purchase goods on long‑term installments but do not have credit cards or established credit records, as well as merchants seeking to increase sales by offering flexible financing.
Features
- QR‑code onboarding that creates an account instantly with just a ID and email
- Instant credit decision and financing approval in minutes
- Fixed‑term installment plans of 24 or 48 months with no credit‑card requirement
- Integration with a network of 200+ local merchants for in‑store and online purchases
- In‑app payment dashboard for tracking balances, due dates, and making repayments
- No need for prior credit history; eligibility is based on alternative data