In Chile, new emerging technologies are creating new business models while other types of innovation is contributing to an inclusive, sustainable growth in the region. But quite often Start-ups have difficulty obtaining funds, and have high costs of capital that restrict the growth of many companies— no matter how good the business models and innovative the ideas are.
Furthermore in Chile and Latin America in general, access to capital through banks are difficult due to credit rationing and because of the immense difference in loan interest rates between SMEs and Large-Size firms. Additionally, more traditional ways of raising capital are very exclusive— for both investors and firms trying to invest or receive investment. As a solution we have created WAYVX, to create an inclusive ecosystem where more entrepreneurs can raise capital while focusing on their business models and where more individuals can invest in growing startups.
In December 2019, WAYVX started officially, signing an agreement with Standard Capital Co. Ltd. from Japan, to work together to develop a STO (Security Token Offering) issuance and exchange platform in Chile. We plan to develop a regulated, transparent and safe STO market while becoming a bridge between the Latin American market and the Asian Market.
The same month, we started to develop the LAM20 protocol, an STO protocol focused on the Latin American market to insure our platform compliance with different Latin American regulatory systems. We are currently moving forward negotiating with different key players in the blockchain and FinTech market in Chile, to be able to build up and develop a protocol that insures the safety, transparency and accuracy of any STO transaction.
Co-Founder and CEO
Fabian Mella Lukacs
Co-Founder and COO
Francisca Ochoa Suazo
Director and Advisor