Fintech Tenpo launches credit card to compete with banks

2023-10-26 20:28:47

The credit card just launched by timethe digital account of Chilehas experienced a successful first month with more than 15,000 emissions.

This achievement was achieved gradually through the invitation a customersa common strategy in the launch of financial news to the market.

This credit card offers full control over the credit limit, expenses and budgetand is available in both fvirtual form as physical.

Could be acquired online no maintenance or administration costs. Despite the positive response, the company fintech Its goal is that more than 40,000 cards be operational by the end of the year.

“We are very happy with the first evaluationwhich comes to reinforce the loyalty from our users with Tenpo.

“If we take into consideration the measurement of NPS (Net promoter Score) This was 79%, when the average of traditional banks is only 40%. We know that we are just starting out and we have much more to deliver in innovation and service,” he assured. Fernando Araya, Co Founder and CEO of Tenpo.

Tenpo focuses on democratizing access to financial services by allowing customers to customize the product according to their needs, including the ability to manage credit limit.

In addition, it offers a financial report that details the debt situation in all regulated financial institutions in Chile.

The card also includes a loyalty program called ‘Tenpesos’, which provides automatic and personalized cash rewards.

With a base of more than 2.2 million clients, Tenpo continues its expansion and consolidation as the largest digital platform in Chile, competing directly with traditional banking under the supervision of the Financial Market Commission (CMF).

“We are very happy with the first evaluation, which reinforces the loyalty of our users with Tenpo.

“If we take into consideration the NPS (Net Promoter Score) measurement, it was 79%, when the average for traditional banks is only 40%. We know that we are just starting out and we have much more to deliver in innovation and service,” said Fernando Araya, Co Founder and CEO of Tenpo.