i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card (to be introduced soon).
On a mission to improve the accessibility and usage of commercial credit, Covalto will be offered to companies in Mexico, starting this year. Issued by Credijusto, backed by i2c and supported via the American Express network, the credit card will provide a corporate solution that will also support digital onboarding. Fee and annuity free, the payment card and financial software offers an innovative way for firms to manage expenses and have greater visibility into their business operations.
With the support of i2c and its configurable payments tech, Credijusto will provide clients with digital-first corporate cards with unlimited cashback, a high level of security, 40-days of financing, purchase payment options of up to 5 monthly installments and virtual card options with an all-digital experience through the Covalto app. This should help reduce onboarding times and enable clients with immediate access to their credit lines.
Kevin Fox, EVP, Global Head of Sales, i2c, stated:
“We’re thrilled to partner with and support Credijusto in delivering a truly novel product for the Mexican SME market. Innovative ventures like these are a great example of how current fintech and issuer-processor collaborations are reaching under-addressed, high-demand market segments.”
Allan Apoj, Co-CEO and Co-founder at Credijusto, remarked:
“i2c was an obvious technology partner with the technical capabilities, reliability and commitment we were looking for to support our efforts in developing an integrated partner ecosystem. Beyond the technology, their dedication to our vision of bringing the future of banking to Mexican small and medium businesses was paramount to this partnership. Further, American Express, as an aspirational brand, brought everything together.”
Credijusto’s Covalto commercial credit offering mainly focuses on replacing the practice of company owners relying on personal payment instruments to run their businesses. It also offers various value-added benefits.
