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BucksApp We help banks in Latin America improve their user experience

Cover image of BucksApp, Banking venture on VC4A

BucksApp

BucksApp

BucksApp is a U.S B2B SaaS Fin-tech with a team of 15 people mostly out of Asuncion, Paraguay.
It sells a platform powered by artificial intelligence to traditional banks all over Latin America. More specifically, our technology is adapted to each bank mobile/web application through our API. Our API includes services such as transaction clean up, categorization, automatically suggested budgets, savings, reports and alerts for the bank’s clients. The bank also receives data analytics based on transactions so they can make better decisions on for example what credit cards to offer, who is eligible for a loan and who needs a specific discount on a merchant.
We charge the bank a set up fee and cost per active customer. We have signed two banks in Paraguay and are working on demos for three banks between Paraguay and Bolivia.
Our forecast is to sign 8-10 banks by the end of 2023 with an ARR of $30-$50k per bank depending on the volume of users.

SectorsBanking, Big data, Financial services
LocationMiami, United States of America
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