Alcancía is a revolutionary fintech that is transforming the financial landscape in the Caribbean and Latin America. The company's mission is to let users be owners of their value. Alcancía provides its customers with a seamless experience, allowing them to manage their finances through a user-friendly mobile app and access a range of financial products.

With the grant from Compound Finance, Alcancía plans to expand its product offer and reach upon launch in both the Dominican Republic and Mexico, enabling even more people to benefit from its cutting-edge financial services. Compound 2.0 Grants Program is a new initiative that supports innovative projects in the DeFi space and helps bring decentralized finance to the masses.

"Not only are we thrilled but ecstatic to be able to work among the first DeFi protocols we intended to build Alcancía with. Compound is alongside Aave a crucial part of the Ethereum protocol layer bringing high-quality yield to its users and providing transparent governance systems where even the smallest contributor has a say in the big decisions that happen inside Decentralized Finance" said Juan Diego Oliva, CEO of Alcancía.

Compound Finance is a leading player in the decentralized finance space and has made a big impact on the industry since its launch in 2018. The company's innovative platform allows users to earn interest on their crypto-currencies and use them as collateral for loans. The Compound 2.0 Grants Program is a continuation of Compound's commitment to supporting projects that are driving innovation and growth in the DeFi space.

Alcancía's innovative financial services will have a major impact in the Dominican Republic and Mexico, where millions of people are struggling to access traditional financial services. With its user-friendly mobile app and low-cost products, Alcancía empowers people to manage their finances, reach their financial goals, and build a better future.

The grant from Compound Finance and the Compound 2.0 Grants Program is a major boost for Alcancía and its mission to let users own their value while bring financial services to the masses. With this support, Alcancía is backed by the best positioned protocols in the ecosystem with the ability to help the product scale its operations and continue to make a big impact in the Caribbean and Latin America.

The Celo Network is a carbon negative blockchain with the goal of giving founders and creators the tools they need to create real, tangible impact in local economies with the goal of improving global economies. Like many other networks, Celo designates a portion of its reserves to its grant program, where it invests in companies that leverage this technology to create positive change.

Raising capital during a bear market is never easy, so we are grateful to both Prezenti and Celo for believing in our vision and helping us get off the ground. However, grants provide much more value than the amount raised from them.

Having Celo, a market-tested blockchain that has withstood the test of time and hardship, in our corner will help us create a product of much higher value. It is an honor for us to be able to work with such a dedicated team whose values align with ours in our goal of elevating local economies and fueling prosperity.

Alcancia is a secure and convenient platform for Latin Americans to save and earn with crypto. We believe the traditional savings model is outdated and fails to take advantage of the incredible technology behind decentralized finance. That's why we're building a platform designed to empower you to take control of your finances and make money beautiful while leading the way for a more just and fair industry.

Many of the players in the ‘DeFi for the masses’ industry have it all wrong. They attempt to use DeFi as a way to just optimize certain processes with the goal of competing with traditional FinTech companies, using crypto as a feature, neatly disguised under a nice interface and hidden in the fine print. This is something we scrunch at, so we set on a journey to do it differently. We’re a group of people who saw the true beauty in the technology, and the power it gives to the people. With Alcancia we want to filter all the noise, highlight the power, and mitigate the limitations of decentralized finance, building a crypto product that people can rely on, and as a byproduct, is a better alternative to traditional finance (TradFi).

We are still in the early stages of Alcancía, but we are excited about what the future holds. Stay tuned for more updates as we continue to grow and evolve. And if you want to join us on this exciting journey, be sure to follow us on social media for the latest news and updates.

Thanks again to Prezenti, and to all of you who have been patiently waiting from the sidelines, seeing our waitlist grow organically over time, and hearing you ask the team eagerly for our launch is a HUGE driver for us. We can’t wait to show you what we’ve been cooking and seeing the opportunities it will unlock for all of you!

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