MO Tecnologias enters into an agreement with VendeMas to offer Merchant Funding to all affiliated merchants in its acquiring network

MO Tecnologias LLC (MO), a leading fintech that has developed an innovative patent-pending credit scoring technology and loan management platform, is pleased to announce that it has entered into an agreement with VendeMas to offer Merchant Funding to all affiliated merchants in its acquiring network.

“MO’s innovative credit technology has been adopted by major financial institutions, service companies and other fintechs in many countries in Latin America interested in providing greater opportunities to all those who have been excluded from financial services, and now we are excited to provide access to small loans to more than 50,000 merchants affiliated with VendeMas in Peru, and give them the chance to grow their business in a very simple and effective way,” said Paolo Fidanza, CEO and Co-Founder of MO.

Ivan Castañeda, General Manager of VendeMas, noted: “We believe that this alliance with MO strengthens our proposal. We want entrepreneurs who seek to increase their businesses potential to see us as their allies, so we can advise them on how they can grow along with our solutions. We offer a simple alternative to their processes, which provides greater security and allows small businesses to increase their audience and sales by accepting payment with debit and credit cards. That is why we are confident that this new financing modality will be one of the key steps to strengthen the development of small to medium enterprises in the country.”