Atrato
Atrato, founded in 2019 in Mexico City, is a fintech company specializing in payment solutions and consumer loans, offering a 'buy now, pay later' service without requiring a credit card.
Company History
Atrato was founded in 2019 with the vision to transform the consumer loan market in Latin America. Initially established in Mexico City, CDMX, Mexico, the company quickly grew and now operates with a team of 55 employees. From its inception, Atrato aimed to provide innovative financial solutions, particularly focusing on changing how consumers access loans.
Services
Atrato offers various financial services, including a platform that facilitates 'buy now, pay later' options for consumers. This allows customers to make purchases at affiliated merchants, both online and in-person, and pay in up to 24 monthly installments without the need for a credit card. Atrato also provides personal loans, offering customers up to $200,000 with extended payment options.
Funding and Investors
Since its founding, Atrato has successfully raised approximately $18 million in capital. Prominent investors include Accel, Y Combinator, Harvard Endowment, and Architect Capital. These investments have enabled the company to develop its financial services platform and expand its reach in the Latin American market.
Core Values
Atrato's core values are centered around transparency, customer focus, creativity, commitment, and fun. These principles guide the company's operations and decision-making processes, ensuring that they provide fair financial tools and services aimed at improving the quality of life for their customers.
Mission and Vision
Atrato's mission is to offer fair financial tools and services that enhance the quality of life in Latin America. The company strives to be a leader in the fintech industry, particularly within the payments sector, by bringing more accessible and transparent financial solutions to consumers across the region.