The brake that the credit had in recent months not only affected the banks but was also perceived in the fintech that are dedicated to online loans. In general, the offer fell to the rising risk.
In recent months, credit has collapsed due to both supply constraint and lower demand. In addition, there was an increase in default, which in consumer loans reached 5.4%. The situation went through the entire financial system and most of the fintechs that are giving loans were also affected.
In Moni they recognized a restriction in the financing offer. “In general, fintech reduced the speed of origination by a decision related to credit risk, rather than lower demand. We diminish the origination of new clients but we maintain the delinquency in the levels of the last 18 months ”, affirmed Juan Pablo Bruzzo , founder of the company.