Ecuadorian ‘Fintech’ opens its capital to attract small and large investors

Round began to sell shares that cost from $ 2.5.

Paying E $ easy, an Ecuadorian payments platform that was born last year in the middle of the pandemic, opened its capital to try to obtain resources that allow it to consolidate operations throughout the American continent and then in Europe, Asia and India.

Theand mentors. There are spaces where the instruction is general and in others focused on areas such as- Financial and Technological Empire- competes in the transactions marketonline. Through its platform it allows paying services in Ecuador from anywhere in the world, paying with virtual wallet, buying paypal balances, exhibiting products or services in themarketplace, monetize payments between Ecuador and the United States, among others.

It currently has operations in the United States, Peru and Panama and has an administrative model ofBranchlesso "sin oficinas".

Carlos Jurado, co -founder to pay and $ easy, argues that they decided to open the capital to achieve resources that allow the expansion plan they have for other markets.

Thus they have started selling shares since July 1 with a price from $ 2.50. The first round of preferred shares includes five hundred thousand units on offer. This aims to obtain $ 1.25 million.

Since they launched this program for sale, 160 people have acquired different number of shares.

Jury argues that it is the first company that applies popular capitalism, because unlike the sale of shares in the stock market, it gives the opportunity to standing to invest directly and freely in the company.

"Our vision is to capitalize on the company, at least in its initial phase, through our community. We have about 130,000 subscribers (who use the platform) and we want them to invest in us," says Jurado.

Until the end of the year, theenterpriseHe hopes to place the 500,000 shares of the first round. After this, pay and $ easy to plan other shares sales rounds, which will have higher prices. The second round will have shares from $ 5.50 each.

With the capital achieved, thisand mentors. There are spaces where the instruction is general and in others focused on areas such asProject to activate operations in Canada, Mexico, Argentina and Chile.

But how does a person buy shares in this Fintech? Jury explains that when invested in shares, money is obtained due to the profitability that is distributed to the shareholders, that is, if the company earns $ 1′000,000 and there are 1′000,000 of shares, each one obtains profits for $ 1.

Also the owner of an action can obtain profits when it acquires it at a low price and then sells at a high price, thus achieving a profitability for the difference. If a person wants to sell their action or withdraw, it can sell it among the same community.

At the time of purchase of shares, proof is sent electronically by the transaction, so that said purchase is supported in our blockchain With a smart contract that verifies the acquisition.

On the other hand, the company has a referral program, which allows you to earn money on recommendation, an option similar to that of Amazon or the large digital shops that gratify those who recommend buying or transaction on these platforms.

Theand mentors. There are spaces where the instruction is general and in others focused on areas such asHe says that he has been chosen by Google as a case study for his digital architecture.