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Latin America's Deposits Marketplace for Banks
Luable is an Bank Deposits Marketplace in Latin America where Banks can get faster and cheaper funding from Retail users compared to opening traditional branch offices or hiring more Sales Representatives. Luable's Marketplace features all banks in one place so retail users can choose for their best needs, and enables upcoming banks to provide a full digital experience with no fixed costs. Since Launching in 2021, Luable has processed over USD $30M in deposits for many banks and its currently expanding its operations from Colombia to Mexico and the Caribbean.
Luable is positioned as Latin America's deposits marketplace for banks, offering a platform that lets users simulate, compare, and open fixed-term deposits (CDTs) across multiple banks. It emphasizes real-time rate comparisons, digital onboarding, and a no-cost experience for users while monetizing from banks.
Users can simulate a CDT, compare rates from multiple banks in real time, and open a CDT 100% digitally. The service allows selecting the most profitable bank, completing the investment with a few steps (select entity, fill out the form, sign and pay), and provides access to funds before maturity by selling a portion of the CDT. The platform charges banks for each client they bring, making the service free for users.
Who it’s for: Individuals in Latin America (initially Colombia) looking to maximize CDT returns by comparing rates across banks and performing digital openings.
Noise around active user metrics (550k+ users mentioned), mentions of media coverage and partnerships, and a prominent growth narrative; indicates traction and ongoing branding/market expansion.
Early Uber employee, launched UberX in Colombia, Dominican Republic and Argentina, and led DiDi Chuxing expansion in Colombia as Head of Ops building a team of 50 people and capturing 30% of market share in 3 months. Now building Luable, a fintech that allows Banks get faster and cheaper funding from Retail users, that already has USD $30M+ in deposits, from thousands of Retail users.
Colombian. Systems and Computing Engineer. Msc on Information Security. In God I trust, all others must bring data. +8 years working on software development, serving thousands of customers on a SaaS platform for real state in LATAM.
Formerly “MejorCDT” · why startups rename →
Embedded lending infrastructure
Dollar banking for people in Latin America
