Mexican online bank Bankaool targets SMEs through Canieti deal

Source: Bankaool

In order to create a financial product designed especially for the ICT sector, Francisco Meré Palafox, CEO, Bankaool, the first online Mexican bank and Mario de la Cruz Sarabia, Country Chairman of the National Chamber of the Electronics, Telecommunications and IT Industries (CANIETI), have signed a collaboration agreement.

The details were provided at the launch event of the TIC financing. The agreement includes collaborative mechanisms which allow both organizations to promote access to financing methods so that the micro, small and medium sized companies that are members of CANIETI accross the country, including IT and advances manufacturing solutions through hardware, software, machinery and specialized equipment, as well as the investment related to the implementation of such solutions to automate and make their business processes more efficient, through a variety of information technologies.

Francisco Meré, CEO, Bankaool said: "We at Bankaool are very proud of the signature of this agreement with CANIETI, which confirms our bank's strong commitment in favor of the economic growth of the micro, small and medium sized businesses”.

In turn, Mario de la Cruz Sarabia, National Chair of CANIETI, said: "The agreement we have entered will allow us to bring flexible and innovative financing mechanisms closer to the SMBs in our industry, in order to provide them with increased access to the technology and tools they need to take advantage of all the opportunities the sector's growth is offering today, and increase the national component in the value chain of our industry.”

De la Cruz Sarabia also highlighted the importance of the SMBs in the electronics, telecommunications and IT industries, as 97.13% out of the 14,158 economic units registered belong to this important category.

As part of this initiative, CANIETI has launched the FinanciaTIC workshop, which intends to reinforce the financial culture among small businesses.

Finally, Bankaool's Francisco Mere said that the online bank supports people who want their business to grow, by approving a credit line from MX$100,000, without having to visit a branch office, and to be accessed according to their financial flow records. By simply filling out an online application, small and medium sized business representatives may access a revolving credit line to meet their current needs.
The requirements to apply for a Crédito Pyme Express are as follows:
• Annual sales quota
• At least 3 years from registration at SAT
• Location in national grounds 

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