Costa Rican fintech Traderpal has expanded to Chile. The app allows users to open an investment account in the United States and invest as little as $1, with zero fees per transaction.
“Chile is an interesting market to do business in Latam due to its high percentage of banked people, good education, and a strong financial culture (…). The growth of new markets and features will give more benefits to our users,” said Lester Pereira, founder and CEO of Traderpal.
To date, the fintech has raised $10M and has operations in the US, Costa Rica, Panama, and Puerto Rico. Traderpal plans to expand to Mexico, Colombia, and Guatemala by the end of 2023.
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