Kredito provides a mobile payment platform that allows users to make purchases without using traditional credit or debit cards. The application offers a range of alternative payment solutions, streamlining the transaction process for both consumers and merchants.
Funding
Funding not disclosed
Founders
Product
Problem
Many customers in Mexico lack credit cards, limiting their ability to make online purchases and pay over time. Traditional financing options often require lengthy applications and credit checks, creating barriers for both consumers and merchants.
Solution
Kredito offers a "buy now, pay later" (BNPL) platform that allows customers to split purchase costs into fixed installments without needing a credit card. Customers can pay using debit cards or direct bank transfers (SPEI). Merchants receive the full payment upfront, while Kredito assumes the credit and fraud risk. Kredito's system provides instant financing decisions during the checkout process, eliminating the need for customers to submit documents or undergo extensive credit checks.
Target Audience
The primary target audience includes e-commerce businesses in Mexico looking to increase sales by offering flexible payment options, as well as freelancers and merchants selling through social media or physical stores.
Features
- Payment options for customers to pay in 4 bi-weekly installments (0% interest), 3 monthly installments (5% interest), or 6 monthly installments (15% interest).
- Instant approval process during checkout, without requiring document uploads.
- Merchant API for integration into e-commerce websites and apps, with RESTful endpoints and JSON responses.
- Pre-built integrations for platforms like Shopify and BigCommerce.
- Payment links that can be generated from a phone for easy remote payments.
- Risk management and fraud protection for merchants, with guaranteed upfront payment.