The consumer finance LATAM market (Brazil, Chile, Colombia, Mexico, Peru, Argentina and Panama), including short-term and installment loan products, have seen continued stable growth through 2017 – 2021, according to research obtained by S&P Global Rankings.
Payday Ventures, a company based in the UK, have kept a close eye on the LATAM market through their connections with companies based in South America.
Sam Merry, CEO of Payday Ventures, comments “The LATAM market is an interesting one, although it has a long way to go in terms of product development comparing to the likes of the USA and the UK – we’ve noticed continued growth and entry into the market from other players around the world. Due to this, our team have begun to design & develop brands to capture a percentage of this market share.”
Notably, Payday Ventures have already made a footprint in Argentina and Brazil with their newly launched brands, Préstamos Online, and Emprestar Dinherio.
“Traffic is beginning to build up and we’re now actively seeking partnerships in Argentina and Brazil, and so if you’re interested in partnering with us, make immediate contact.”, continues Sam.