FinTech news in FinTech Collective category

Digital payments are gaining momentum in Latin America, and startups like Mexico-based mattilda are putting their spin on streamlining financial and administrative processes for private schools while also offering credit backed by future school fees. Here’s where mattilda comes in: the company provides a SaaS tool that enables parents to get a personalized payment link via email or WhatsApp and can then make tuition payments in a number of ways, including debit cards, credit cards, bank transfers and flexible credit lines, in seconds. So far, mattilda is working with 17 schools accounting for some 9,000 students, which Agote said will become 24 schools and close to 14,000 students as of November 1. In Latin America, many of the payments are month to month, and if payment is not made, the school is the one to spend time contacting parents to collect that payment.

That where Constrafor comes in: as a SaaS construction procurement platform with embedded financing, it streamlines information and documentation for how general contractors work with subcontractors, while its Early Pay Program assumes the risk for the subcontractor invoice, freeing up cash flow and reliance on traditional and costly lending options.

Simetrik recently began offering a payment methods orchestrator, which it says allows payment services companies to be able to connect directly to different payment methods. In other words, ​​says co-founder and COO Santiago Gomez, the company’s software automates reconciliation for financial teams that have a high number of transactions and reports.