Wibond is a fintech platform that enables consumers to make installment payments at participating retailers without requiring a credit card. By providing flexible payment plans, Wibond addresses the challenge of limited access to credit for individuals who prefer or need alternative financing options.
Funding
Funding not disclosed
Founders
Product
Problem
Many consumers lack access to traditional credit cards, limiting their ability to make purchases via installment payments, especially at smaller retailers. This restricts purchasing power and access to goods and services for individuals who prefer or require alternative financing options.
Solution
Wibond is a fintech platform that provides consumers with the ability to make installment payments at participating retailers without needing a credit card. By creating an account, users can shop at affiliated stores and select Wibond as their payment method during checkout. Wibond then presents the available payment plans, allowing the consumer to choose the option that best fits their needs. The platform handles the installment payment process, enabling consumers to purchase goods and services and pay over time.
Target Audience
Wibond primarily targets consumers who do not have or prefer not to use credit cards, offering them an alternative way to make installment payments at participating retailers.
Features
- Account creation with identity verification via DNI and facial video.
- Installment payment options at participating retailers without requiring a credit card.
- Mobile number validation for account security.
- Online account management to track purchases and payments.