Fintoc
Fintoc, a fintech company based in Santiago, Chile and Mexico City, Mexico, specializes in secure and efficient account-to-account payments across Latin America.
Company Overview
Fintoc is a fintech company with operations in Santiago, Chile, and Mexico City, CDMX, Mexico. The company is part of the Y-Combinator W21 batch and operates within the payments sub-industry of fintech. They cater to various regions, including Chile, Mexico, and Latin America, offering services both remotely and partly remotely. With a team of 25 members, Fintoc aims to provide seamless financial solutions utilizing advanced security protocols.
Payment Solutions
Fintoc specializes in providing account-to-account payment solutions in Mexico and Chile. They offer a range of services designed to handle and manage payments without the risk of chargebacks. Their system allows users to receive payments from any bank account, making it more convenient than traditional card payments and easier than SPEI transfers. The company leverages the SPEI infrastructure to eliminate chargebacks and fraud in transactions.
Security Standards
Fintoc is certified with the highest global security standard, ensuring the protection of user and customer data. They comply with over 100 security requirements and constantly monitor their systems. The latest security protocols and best practices are implemented to safeguard transactions and customer information. Their commitment to security extends through all their services, from payment initiation to direct debit and bank reconciliation.
Direct Debit and Reconciliation Services
Fintoc offers a direct debit service for automated recurring payments, making it easier for businesses to manage their finances. Additionally, their bank reconciliation service helps automate reconciliation, billing, and payment management processes. These services are designed to provide seamless financial operations, reducing the administrative burden on businesses and improving accuracy.
Credit Evaluation Service
Fintoc provides a credit evaluation service that validates income, identity, and automatically calculates risks. This service helps businesses assess the creditworthiness of their customers, enabling informed financial decisions. By leveraging advanced data analytics, Fintoc assists companies in minimizing financial risks and improving their lending processes.