Viewing profile — rogereur

"Shallow men believe in luck. Strong men believe in cause and effect."

You don't seem to understand fusion

Could this work as an alternative to Mighty?

I think wars in the future will be about who's better at computer science. It will be programmers vs programmers, and computer literacy will become the new military service and a n…

https://www.youtube.com/watch?v=3LWNY70Oj4A Recently heard this podcast with Lex Fridman and Carl Hart (author of Drug Use for Grown-Ups) and talk about this

Yes, exactly. It’s just like that but think as if SEARS had built the bank itself. It’s crazy but here literally two of the largest banks were created this way

Did you have any personal experience on this? We get this a lot, specially from investors, but so far have very manageable levels of loan losses with $1.5m already lent. We haven’t…

In Mexico and other countries in LATAM, there are huge department stores that have built their own banks to give their customers credit to purchase on the store. Combined, these st…

It is! And also the name comes from the Atrato river

We hope it will. At least we will try :) There are some specific things about Brazil that are materially different to our experience but will be exploring other countries

Yeah. Something we've discovered is that merchant fraud is more common with smaller businesses, so that's a challenge. There's also a natural concentration of merchants. Like Affir…

We do want to build for small businesses and merchants. We do actually have many of them, work with a lot of local bike dealers, auto shops, small electronics stores and they are h…

Theres a company called Heru. They do all kinds of services for gig workers. It is definitely an interesting data-set to underwrite, you can connect to the apps APIs and pull a lot…

Thanks! It is a historical regional problem and we've seen that installments in the region are pretty popular. The name comesfrom the Atrato River, which is a river that connects c…

Thanks! The name is two-sided, means "doing on a deal" on literal spanish and also comes from the Atrato River, which is a river that connects central america with south america an…

They are different but they do have their similarities, specially financial services and solutions and alternatives that people use to pay for large purchases.

Will be in many LATAM countries soon. Starting with Mexico now.

Thanks for the info. Those two options, at least in Mexico (second largest country in latam) don't exist. I presume that on those countries where they do exist aren't as popular as…

Yeah. Atrasar is a bad word. It's like saying "be late". Our name comes from the Atrato River, which is a river that connects central america with south america and provides a safe…

Yeah, the problem of credit cards it's all the confusing terms around payment dates, revolving balance, minimum payments. While this might sound trivial in countries with higher fi…

Banks are tremendously inefficient and have to support huge fixed costs for branches. Credit cards also offer a 1 month grace period without interest, so the effective yield they g…

Mexico right now. After we get product market fit here, we will go for other countries

Even if you are careful, I would argue that the cost with late fees (everyone forgets their payment at least by one day) + other fees will make it more expensive in the long run. T…

There are some. Nubank just got here. Most of neobanks are doing debit or prepaid cards at this points. Rappi also just launched their credit card

There's a problem of access to credit, but also distrust for financial institutions. When we talk to users many don't even know that neobanks exist yet. A lot of users also don't l…