Techreo Launches SME Banking Module

In Mexico, fierce competition and an ongoing "rate war" in the financial sector to attract clients have compelled institutions to adopt tools that allow them to respond quickly to market demands, noted Techreo CEO and co-founder, Iliana de Silva.

The comprehensive financial services platform has launched a business banking module to provide corporate entities and self-employed individuals with access to digital financial services 24/7.

"Banks interested in serving SMEs can use a module that connects directly with their core systems to quickly handle mass transfers, treasury management, payroll payments, savings products, investment products, service payments, and transfers between accounts," said Iliana de Silva, CEO of Techreo.

She emphasized that SMEs in the financial sector are undergoing digital transformation, and with this technological offering, they can deliver services in a highly competitive digital environment characterized by the "rate war."

Through these solutions, institutions can offer broader and better financial services to underserved populations and market segments. The platform supports mobile applications, transaction cores, digital onboarding, corporate modules, card issuance, and the development of custom digital products required by the institution.

"As of now, we are working with 10 financial institutions, and by the end of the year, two more institutions from the Sofipo sector, savings banks, and banks are expected to join," she added.

In Mexico, Techreo serves over half a million clients, manages a portfolio of $42 million, and maintains a $16 million balance in investment accounts.

In Bolivia, the Techreo app has been downloaded 220,000 times, facilitating over 104,700 QR-based transactions.

About Techreo

Techreo is a comprehensive financial services platform that, since its launch in 2022, has amassed over 500,000 users in Mexico and more than 50,000 in Bolivia.