With these users in mind, Argentine fintech Ualá announced last Wednesday (1) that it will postpone the due date for borrowers to pay.

Ualá, loans, and Covid-19“This measure conveys a large effort on our end,” said Pierpaolo Barbieri, Ualá’s Founder and CEO.

“But we know our users are also making a large effort to pull through these uncertain times.

That way, we’ll get through together.”Perhaps you’re wondering what the entrepreneur meant by “a large effort on our end.” I mean, what’s the big deal?

Moreover, many fintechs like Ualá tender to users that have a less extensive credit history (for which they’re ignored by banks), so there’s additional exposure there too. | To read full story, visit https://startuparound.com/read/1585942206.8774116/Fintech-Ualá-announces-loan-deferral-due-to-coronavirus?ref=audio_experience