Alcancía, the crypto neobank that will operate in the Dominican Republic and Mexico, has received a grant from Compound Finance and the Compound 2.0 Grants Program. The grant will help Alcancía expand its innovative financial services in both countries, bringing much-needed access to digital assets and decentralized finance to millions of unbanked and underbanked people.

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.