Techreo has established itself as the leading provider of mobile financial services in Mexico, with over 125,000 customers and thousands joining the platform daily. The innovative technology company is now continuing its geographical expansion by launching its mobile app in Bolivia in the following months.
The announcement of their expansion comes on the heels of a recent capital raise of $5.6M, a significant indication of the excitement and enthusiasm surrounding the groundbreaking platform. Expansion plans include moving into new locations and continuing to build the suite of products available to their growing user base.
As Techreo founder Iliana de Silva explains, their ultimate mission is to provide a single platform for customers to receive all of their financial services – to send and receive payments, apply and qualify for loans, receive helpful financial advice, and more.
“What sets us apart is that there is not another application on the market right now that has the features we offer,” de Silva says.
Those features include the recently launched micro-insurance program, delivering essential protection for health, home, and family. Additionally, Techreo opened its financial education portal, separating itself from competitors as a services platform and a place where users can learn fundamental business principles while improving their personal and professional finances.
Ultimately, Techreo plans to become the leading resource for the historically underbanked Spanish-speaking consumers in America. They have created a platform to revolutionize customers’ business through their smart devices.
“We are focused on the underbanked,” de Silva says. “Other FinTechs are targeting the top of the pyramid, people who already have a bank account – which they require you to use their app. All you need to use Techreo is your national ID, and from there, you can create an account and access our different services and products.”
Already backed by a leading financial institution in Mexico, Techreo is planning another capital raise to continue its rapid expansion throughout Mexico and into other countries. Their goal is to raise $10M in the subsequent funding round, allowing them to continue developing their app, building out new products and services, and connecting with increasing users.
They recently launched a successful referral program that has generated a 70% increase in new customers in only a few months, with those numbers increasing monthly.
Techreo is a rare FinTech positioned not only to help consumers change how they approach their financial services but a company that is committed to genuinely transforming the lives of its customers. Moreover, by directing their technology toward the historically underserved, Techreo is making it possible for potentially millions of future users to have a safe and secure place to bank, earn money, and grow their wealth. For these reasons, Techreo is fostering intense excitement within the FinTech space, leading the way with its revolutionary financial services platform.
To learn more about Techreo’s mission to serve consumers with innovative mobile financial products and services, visit www.techreo.mx
