The free market will offer financial services

The Free Market, technology company, announced yesterday (30) Credit Marketplace platform. The initiative will air after transacting R $270 million during testing of the tool, which lasted six months. The services goes for who sells on the site or uses the market Paid for payments out of the marketplace.
With the new service, which is already functioning in countries such as Argentina and Mexico, the bet is joining forces to the area of the company, payments and advance against the fintechs industry competitors. "With the Credit Market, the company seeks to open new avenues for financial inclusion and encourage entrepreneurs in Brazil", says Stelleo Tolda, COO of the free market.
Currently, the Free Market has more than 9 million from vendors on the platform. The company believes that this amount holds the potential for growth for the Credit Market. In the third quarter of 2017, the Free Market the Bank transacted a volume of $ $3.7 billion, achieving high of 73.5% compared to the same period in 2016.
With the Credit market initiative aims to assist individuals and Smes. According to the company, at least half of this target audience sells some R $10000 per month. "One seller who needs money to grow your business, with just two clicks he determines the value and term of crediting an account. He does not have to present any document, nor pass any information. All the information we need, we have within our ecosystem. That's what causes this product to become attractive, "said Senior Vice President of Credit Market in Latin America, Martín de Los Santos.
The Credit Market does not manage the funds. The consultant can use it the way he sees fit: working capital to buy goods, pay vendors, invest in machinery or, even, a more expensive debt to improve your cash flow. The Credit market risk analysis evaluates the seller from your sales history, reputation and use of technologies of the free market.