Palgo

Based in Lima, Palgo operates as a pivotal fintech entity in the Peruvian market, directing its services towards enhancing financial inclusion. The company, legally registered as Port It Global Perú S.a.C. and established in 2017, is steered by General Manager Aldo Bruno Schenone Dulanto, who has been in the role since 2018. His background includes consultancy for ProInversión, Peru's private investment promotion agency, and involvement in several other businesses, indicating a strong foundation in corporate management and investment within the Peruvian landscape.

Palgo's core business revolves around a point-of-sale (POS) lending platform. This model empowers merchants to offer instant financing to consumers at the checkout counter, effectively bridging a critical gap in the market. The company primarily serves the unbanked and underbanked segments of the population, a significant demographic in Peru that has historically faced barriers to accessing conventional credit facilities. By facilitating these transactions, Palgo not only enables individuals to purchase necessary goods and services but also provides a tool for businesses to expand their customer base and boost sales.

The service allows consumers to acquire a variety of products on credit, breaking down payments into manageable installments. The scope of financed goods is broad, covering items such as automotive parts, mandatory auto insurance (SOAT), home appliances, IT services, and fashion. The platform's main proposition is the immediate provision of credit to those who might otherwise be declined by traditional financial institutions. Revenue is presumably generated through service fees charged to partner merchants and interest accrued on the consumer financing plans.

Keywords: point-of-sale financing, POS lending, financial inclusion Peru, consumer credit, fintech, unbanked services, installment payments, merchant financing solutions, buy now pay later, credit access, Peruvian startups, Lima tech, Aldo Bruno Schenone Dulanto, consumer lending, retail finance, alternative lending, emerging market fintech, Port It Global, credit for unbanked, SOAT financing