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DEMOCRATIZING FINANCIAL SERVICES IN LATIN AMERICA

Democratizing Financial Services in Latin America

December 9, 2021

Tory Jackson, Galileo’s head of business development and strategy, Latin America, recently joined Stefan Möller, co-founder and CEO of Klar, to discuss the democratization of financial services within Latin America at Finnovista’s Finnosummit Connect.

In case you missed it: Tory Jackson, Galileo’s head of business development and strategy, Latin America, recently joined Stefan Möller, co-founder and CEO of Klar, to discuss the democratization of financial services within Latin America at Finnovista’s Finnosummit Connect.

During the chat moderated by iupana’s Founder and CEO Katie Llanos-Small, Jackson and Möller discussed Klar’s success in launching mobile-first debit and credit solutions for Mexican customers, and covered topics like product and mission strategy, accessibility and competition within the fintech market, and what fintechs like Klar look for in their enablement partners. “Democratization is the opportunity to make products for everyone,” explained Jackson.

He emphasized Galileo’s mission to accelerate financial inclusion in Latin America through innovative APIs, so fintechs can leverage these tools to produce impactful payment products. “I believe that behind every successful recipe is a good cook,” said Jackson.

“Because Klar knows its users deeply, they can use our ‘ingredients’ to create flexible products that can serve their customers and scale to new markets.” “This is a complex industry that requires brutal prioritization,” added Möller. “As startups we always want to do everything but it's important to find the right partners and brutally prioritize. In fintech, there are no excuses.”

To learn more, tune in to watch the full session in Spanish below: https://youtu.be/NvbXoOWuoD0

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