Guama S.A.S. provides a digital credit card solution that utilizes financial behavior analysis to establish credit histories for individuals without prior credit records. This technology enables users, often excluded from traditional financial systems, to access credit facilities and build their financial profiles through a straightforward application process.
Funding
$20K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
QVFounders
Product
Problem
Many individuals, particularly young adults and newcomers to a country, lack a credit history, making it difficult to access credit cards and other financial services from traditional institutions. This lack of access can hinder their ability to build a financial profile and participate fully in the economy.
Solution
Guama provides a digital credit card solution designed for individuals with limited or no credit history. By analyzing users' financial behavior, Guama establishes credit profiles and offers access to credit facilities through a straightforward, fully digital application process. Users can start with a virtual card and potentially upgrade to a physical card, building their credit history through responsible use. Guama leverages bank account connectivity to assess creditworthiness, offering a path to financial inclusion for those excluded from traditional credit systems.
Target Audience
The primary target audience is individuals over 18 years old, including those with limited or no credit history, who are looking to establish a credit profile and gain access to financial services.
Features
- Digital credit card application process accessible via mobile app
- Credit line assignment based on analysis of connected bank account data
- Virtual credit card for online purchases
- Optional physical credit card
- Progressive credit limit increases based on responsible usage
- Purchases can be made in one installment without interest
- Reporting to credit bureaus to establish and build credit history
- Customer support via email