Littio
Littio is a fintech company based in Bogotá, Colombia, offering multi-currency financial services, including accounts and Mastercard debit options, aimed at simplifying global transactions. It focuses on solving currency devaluation issues in Latin America.
History
Littio started by launching its first prototype in September 2021 to 75 initial users. Shortly after, it raised a pre-seed round of US $3.7M in December 2021. The company went public in February 2022 and launched the Littio Card in June of the same year. By September 2022, Littio celebrated its first anniversary with over 150,000 users. The company was accepted into Y Combinator's Winter 2023 Batch in November 2022, marking a significant milestone. Littio's continuous innovation was recognized when it was awarded the most innovative fintech of the year by Fintech Americas in May 2023.
Services
Littio offers a range of services that cater to the diverse financial needs of its users. These include a multi-currency account that simplifies the buying, storing, spending, growing, and sending of capital globally. The company also provides a Mastercard that allows users to spend in their preferred currency and reap various benefits. Investments in U.S. dollars, savings accounts, and a range of currency options including USDC, EUROC, and nCOP are available. Littio ensures capital security and protection through Circle®, utilizing end-to-end encryption technology and 2FA for enhanced security.
Products
Littio's core product offerings include a multi-currency account and a Mastercard, both designed to facilitate a borderless financial experience. Users can download the Littio mobile app from the Apple App Store or Google Play Store to access these features. Littio introduced its virtual card in December 2022, followed by the launch of a physical card in February 2023. Additional product expansions include accounts in Euros and Colombian Pesos, launched in April and August 2023, respectively. These products enable users to freely buy, store, send, spend, and invest in different currencies within the same app.
Expansion
Littio has been actively expanding its services across Latin America, starting with its operations in Colombia. In June 2023, the company expanded its services to Argentina, further strengthening its presence in the region. Littio aims to solve currency devaluation issues for Latin Americans, providing solutions that transcend traditional fintech boundaries. This expansion strategy aligns with Littio’s mission to lead the financial evolution towards a world without financial borders.
Security Measures
Littio places a strong emphasis on the security and protection of its users' capital and personal information. The company partners with Circle® as its custody partner to ensure capital security. Littio employs advanced security measures, including end-to-end encryption technology and two-factor authentication (2FA). Users' personal information is kept completely private, reflecting Littio's commitment to maintaining the highest standards of security and privacy.
