Íkualo: the 'fintech' created by a Colombian that seeks to eliminate financial exclusion for migrants in Europe

TL;DR

Íkualo is a digital bank founded by Harold Correa, targeting migrants in Europe.
The company aims to process 35 million euros by 2026 and reach 200,000 users.
It offers digital accounts, physical and virtual cards, and instant transfers, requiring only a passport and a European contact number.
Íkualo is leveraging blockchain technology to reduce remittance costs to less than 1%, compared to the 8-10% charged by traditional services.
The fintech has received funding from US and European funds and has partnered with Mastercard.
Correa highlights the issue of financial exclusion, stating that 21 million migrants in Europe are excluded from essential services.
He emphasizes that integrating migrants into the economy can boost productivity and tax revenue for the state.
Correa draws inspiration from the resilience and creativity of Colombians, attributing his drive to overcoming early-life poverty.

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