SOMMOS
Tradition with innovation
Transforming and digitizing the finances of Latin Americans with financial inclusion for everybody.
SOMMOS
We are a Bolivian venture legally incorporated in the United States and Bolivia. We specialize in creating new financial solutions that consider the traditional characteristics unique to our region, providing access to collaborative savings and payment alternatives among individuals. We have digitized the “pasanaku” (rotating savings and credit association), offering our users the management of turns and access to additional financial benefits. Furthermore, we have digitized community banking, credit management, and individual scheduled savings.
We have B2B solutions and are committed to working closely with our clients to understand their unique requirements, tailoring our solutions to their specific goals and challenges.
A challenge arises
The idea was born with the purpose of bringing financial inclusion to the region through a cultural connection. Our first challenge was to digitize the ‘pasanaku’ (rotating savings and credit association), for which an application was developed to manage groups through mobile devices.
First round of investment
We have successfully completed a first round of pre-seed capital investment with $150,000 from U.S. funds and investors from across the region.
New opportunities
In a continuous approach to the people of the region and their needs, we managed to identify new opportunities. We created digital financial solutions for banking institutions and businesses involved in credit sales.
Second round of investment and internationalization
We secured a $360,000 investment from investors in Peru, the United States, and England. We initiated our internationalization by forming a partnership with MiBanco Peru.
Operations Consolidated in 2 Countries
We consolidated our operations with 3 active clients in Bolivia and Peru. We integrated our cultural financial solutions with BancoSol (Bolivia), MiBanco, and BCP (Peru).
We know what
you need
We offer digital solutions and services for both individuals and businesses, providing new alternatives for savings and collaborative payment methods.
Sommos Business
Discover how your financial institution or business can leverage our digital solutions.
PasanaQ App
Create your rotating savings and credit association group in simple steps through our mobile application.