Fintoc

Fintoc is a fintech company headquartered in Santiago, Chile, with an additional office in Mexico City, Mexico. Established as part of the Y-Combinator W21 batch, Fintoc operates within the payments sub-industry, focusing on providing solutions that facilitate account-to-account transactions. The company offers a variety of services designed to make payments more convenient than traditional card transactions and easier than SPEI transfers. These services include a payment initiation service that allows users to transfer money without exiting their app or website, a direct debit service for automated recurring payments, and a bank reconciliation service that automates reconciliation, billing, and payment management processes. Fintoc also provides a credit evaluation service that assesses income, identity, and calculates risks automatically. With a team of 25 employees, Fintoc serves over 350 companies across Latin America, including regions where it operates remotely or partly remotely. The company prides itself on adhering to the highest global security standards, using the latest security protocols, and complying with over 100 security requirements to protect user and customer data. By leveraging SPEI infrastructure, Fintoc effectively eliminates chargebacks and fraud in transactions, ensuring a secure and rapid payment process that requires only the user’s phone number and payment authorization.