The banking sector is looking for a way to take advantage of the experience acquired during the COVID-19 pandemic period to promote digital banking with the innovation that is allowing it to continue obtaining important technological progress and in terms of business models. However, not only have the circumstances of COVID-19 maintained a process of [...]
2021 has been a challenging year in every way: political, social and economic. All companies, no matter their size, were forced to transform and reinvent their ways of reaching the public in order to survive. There are several important eCommerce trends for 2022 and Randall Castillo Ortega, the founder of SME investor RACO Investment, explains [...]
Globally, around 20.8% of small businesses closed as a result of the COVID-19 pandemic. This reflects the importance of having financing plans to sustain the operations of small and medium-sized enterprises more effectively in complex contexts such as the one now. Randall Castillo Ortega, the founder of SME financing firm RACO Investment, discusses what small- [...]
Artificial intelligence (AI) is changing the way we live. We thought it was a long way from machines and software being able to execute actions and solve problems. But it is now possible to see various uses of AI in FinTechs. Randall Castillo Ortega, the founder of SME lender RACO Investment in Costa Rica and [...]
The worldwide trade industry has had the option to advance generously in the course of recent a very long time as innovation makes it simpler for organizations to direct business past their lines. Notwithstanding, there are still snags with regards to trans-sea trade due to issues like distance, monetary standards and that's just the beginning. [...]
The world underwent some significant changes last year, which were reflected in certain financial trends. While many financial institutions in Latin America were already digitizing processes, the COVID-19 pandemic accelerated financial trends. Procedures such as identity verification or graphic signature still had to be done at the banks. However, due to the arrival of the [...]
Small and medium-sized enterprises (SME) represent approximately 95% of the business fabric. Their importance in the recovery of the same is unquestionable, but they do not always have the necessary resources or support. In this context, FinTech firms constitute fundamental support for its success. For a prompt economic recovery, SMEs and FinTech must go hand [...]
Guiding growth is your first responsibility as a business leader. The reason is very simple: growth is the fastest and safest way to achieve profitability in a sustainable way. Betting on the path of growth far exceeds the rapidly depleted cost-cutting strategy. For this reason and others that we will analyze in this article, growth [...]
Every day, young and entrepreneurial companies propose increasingly interesting projects, many of which are quite promising. The main problem that novice entrepreneurs face is the lack of funds for its implementation. One of the ways to get financial help for business development is to find a sponsor. Randall Castillo Ortega, the founder of SME backer [...]
Throughout the life of a company, there takes place a continuous process of development that aims to take advantage of the business opportunities that arise in the market to obtain greater profits. Randall Castillo Ortega, the founder of Central American SME investor and financial advisory firm RACO Investment, details the various development possibilities or strategies [...]
