Meet Castor: The Savings Account and Credit Line for Latin American Informal Workers
Castor is a decentralized benefits platform that provides support for informal workers across Latin America who lack access to automated savings, direct deposits, insurance, or liquidity tools. With features such as automated savings and a short-term, no-interest credit line, Castor helps workers generate more financial stability and avoid high-interest loans. In this video, Diego Villarreal, CEO, and co-founder of Castor, explains the problem they're solving and how their platform is helping underserved workers in Latin America.
The co-founders of Castor include Patricio, Enrique, and Daniel, with about 20 team members currently. Approximately half of the team are engineers or developers. Patricio and Enrique are Diego's friends from Monterrey, and Daniel joined Castor from another fintech company.
Castor, Latin America, decentralized benefits, informal workers, savings account, credit line, financial stability, Diego Villarreal.
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