Announced in August of this year Finvoyan innovative digital platform. A central source of financing offers for small and medium-sized businesses in Argentina. Within a few months, the app has already integrated over 15 banks. SGR, SME funds, insurance companies— Established as an important tool for optimizing companies’ time and financial decisions.
In conversation with Perfil.com, Pablo SanucciCEO of Finvoi, elaborated on the origins of the project, its main differences and the impact it hopes to create on Argentina’s business ecosystem.
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Profile: How did the idea to create Finvoi come about and what specific market need did you try to solve with this app?
Pablo Sanucci: Finvoi’s idea was to centralize various loan offers from multiple parties, such as banks, SGRs, financial institutions, SME funds, and other capital market players, in one app. what we are looking for is Contribute to narrowing the disparity in the level of small business financing that exists between Argentina and other countries in the region.
Q: What makes Finvoi different from other existing business financing platforms in the Argentine fintech ecosystem?
P.S: The difference at Finvoi is that we cover bank lending instruments and capital markets all in one place at the same time, giving businesses the freedom to choose the option that best suits their needs. Moreover, it focuses on small and medium-sized enterprises of all types, without excluding any sector of the economy.
Q: How does Finvoi actually work for small businesses and businesses that want to centralize their credit facilities?
P.S: Once an SME registers with Finvoi and enters their credit information, they can be up and running in no time. Banks, guarantors, and other offerors can access that information, allocate credit limits, and make various financing offers.
Q: What types of financial institutions, banks and investors are currently integrated into the platform?
P.S: Currently, our ecosystem consists of 15 banks, including 7 local banks, 6 factoring companies, 6 most important SGRs, and 2 most important credit insurance companies in the country. Similarly, you have access to the entire capital market offer, which mainly consists of SME funds and other institutional investors.
Q: What were the biggest challenges in the process of developing and validating the tool before its official release?
P.S: The biggest challenge was integrating different members of the ecosystem as they have different processes and management systems. Additionally, the challenge was to deliver an app with a simple and intuitive user experience that replicates what users experience when managing their personal finances.
Q: Finvoi aims to optimize CFOs’ time and decision-making. What specific features stand out in this regard?
P.S: Finvoi brings together all the offers in the ecosystem in one place in a simple and agile way, optimizing time and decision-making.
Q: What impact do you hope to see in Argentina’s SME ecosystem over the next 12 months?
P.S: Given that small business lending is starting from historically very low levels, we expect to have a significant impact. In the current stable situation where important sectors are growing, financing needs are increasing. There is a trend towards open finance, and Finvoi emerges as a fundamental player in giving small and medium-sized enterprises the freedom to choose from multiple options.
Q: How has this proposal been received in the first few months and what kind of feedback have you received?
P.S: Since the launch of Finvoi on August 12, to date, the solution we proposed has been widely accepted, confirming the correctness of our approach. We receive thousands of inquiries every month and our customer base is growing significantly.
Q: Do you have any plans to expand or regionalize the tool to other countries in the future?
P.S: At the moment we are focusing on Argentina. This is because Argentina is the country with the greatest potential given its lowest funding levels in the region. To reach the regional average, the current amount would need to increase six times. In any case, the possibility of regional expansion in the future cannot be denied.
Q: What is your vision for the role of fintech in Argentina’s new economic cycle? How does Finvoi position itself within it?
P.S: Finvoi’s philosophy is that technology should be used to simplify processes and improve the user experience. Finvoi’s vision is to enable the integration of fintech solutions with traditional financial systems.
Closing with vision
With a model that combines technology, transparency and efficiency, Finvoi positions itself as a bridge between small and medium-sized businesses and the most diverse sources of credit on the market. In a context where financing is key to productivity expansion, the platform aims to become a strategic actor in Argentina’s new fintech ecosystem.
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