Moneda Moves (120): Providing Access To Credit As A Key To Building Wealth | Listo! CEO Sam Ulloa

Que tal, mi gente? I’m eager to share our interview this week, because as daughter of immigrants, it resonated with me on so many levels. And if you’re first gen or first building wealth in the US in your family, you may find yourself also relating to our interviewee as well, who also happens to be founder of a fintech company focused on helping Latinos get ahead. That’s because we’re getting specific and personal about how access to financial services, or lack thereof, especially in the Latinx community has been a long journey for our Latinx communities in the United States.

And if you’ve been working on your personal finances, you also know it is these very tools like access to credit-building that are key to creating generational wealth. Ask Mexican immigrant Sam Ulloa, who witnessed this first hand.

Today, finding solutions for underserved communities is a personal mission of his. As CEO & Co-Founder of Listo!, Ulloa runs a fintech platform that is democratizing access to fairly priced, life-changing financial services for millions of hardworking and often "credit invisible" families in the US.

He is a two-time founder in the fintech space, Stanford’s School of Business graduate and started his journey in the US working with his parents in agriculture and observing the gaps in the tools first generation and immigrant Latinos needed to build a financial record.

Listo! has already helped thousands of hardworking families save more than $190M in loan interest and fees and over $6M in auto insurance-related fees.

This week, we speak with Sam more about his journey and mission to provide access to credit, among other financial services with Listo! You can listen to the full episode here.

[Update Editorial Note: This podcast was recorded when the inflation rate was lower — as of February 2022 that rate is 7.9%]

Con poder,

Lyanne

Rising voices in business, fintech, entrepreneurship and beyond.

Es El Negocio, Socio: The Big $1 Million:

🔥This new collaboration will be one for the books. That’s because in the next few weeks, we are teaming up with La Nueva Link to bring you conversations at the intersection of Latinx creation (brands, companies) and money.

🎧ES EL NEGOCIO, SOCIO. It’s all business talk, and our first installment will cover successfully fundraising with founder of Shop Latinx Brittany Chavez and newly-named LAT VC Partner at one of the biggest Latinx-focused venture capital firms in the country Laura Moreno Lucas.

Why this matters right now? Just earlier this year, Crunchbase tracked Latinx funding at TWO percent of the startup investment pie. We know Latinx founders are a force in this country — and it’s time that funding matches that force.

Join us next Thursday evening at 4 PM PT/7 PM ET for a conversation that will provide insight into how Latinx companies can successfully fundraise and what we will need to get there.

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Thank you for joining us! Until next week, catch us here on Moneda Moves.