With its objective of helping small businesses grow, MO Technologies entered into a new partnership with VisaNet Peru that will take advantage of its proprietary risk assessment and credit scoring technology.
As part of the agreement, MO’s technology analyzes variables that make it possible to assign businesses a pre-approved amount of credit in less than two seconds.
“Thanks to the VisaNet alliance we can provide small businesses with loans that serve as working capital, helping them optimize their income and grow sustainably,” said Paolo Fidanza, CEO and co-founder of MO Technologies.
This technology is currently being offered as a Direct-to-Merchant business model in the United States. Called “MO Instant Cash,” since its launch in July this year, the service has issued over $1,000,000 to over 750 small businesses.
“Our technology is revolutionary and innovative, accessible to different types of customers in different contexts; this is a testament to the adaptability and scalability of our solutions. MO Instant Cash is a universal product and we are demonstrating it,” said Fidanza.
About MO Technologies
MO Technologies, one of the world’s fastest-growing FinTech companies, is focused on delivering financial inclusion around the globe. Reinventing credit scoring, MO processes numerous data points to calculate a cash advance line within seconds, instantly pre-approving entrepreneurs and businesses for short-term cash advances without traditional credit checks or paperwork. MO is headquartered in Miami, Florida and operates in the U.S., Mexico, Colombia, Peru, Dominican Republic, Argentina and Ecuador. For more information visit https://moinstantcash.com/.
About VisaNet Peru
We promote the development of the country by facilitating a more agile and safer commercial activity, connecting more than 300 thousand merchants and financial institutions with cardholders. Leaders of the transactional transformation, VisaNet Peru reaffirms its commitment to continue innovating and offer Peruvian businesses solutions that allow them to meet their objectives and improve their customers’ shopping experience.
For more information, enter: https://www.visanet.com.pe/ or call 6149800.