MercaDolar

Applicant name: MercaDolar Inc.
Innovation Name: MercaDolar Inc.
Innovation Type: Service
Website: http://www.mercadolar.com
Mission: We aim to be the number one currency exchange solution without borders.
Innovation Description: Mercadolar was born as a response to two major current problems of the Venezuelan community both inside and outside the country: a safe and effective way to obtain opportunities for monetary exchange and a secure execution path for them.

Our approach is to create an environment of trust between buyers and sellers, through a cutting-edge technology platform, timely and professional customer service, and the legal and banking stability offered by the laws of the United States of America.

MercaDolar is governed by laws and financial institutions of the United States of America, so we guarantee that we are a safe place, where transactions are safeguarded and exempt from fraud and money laundering.

Our platform does not compare with what currently exists within the Venezuelan market. We are the legitimate solution for currency exchange.
Status of Innovation: In-market
Innovation Active Since: 08/10/2015
Applicant Type: Private Company
Headquarter City: New York City
Headquarter Country: United States of America
Year Founded: 2015

Main Category Choice: Remittances For Social Impact
Why do you think you should win this category?:
Mercadolar was born to help Venezuelans exchange money legally and with technology that guarantees all fraud-free transactions We are at the launch of our V2 where the user will not only be able to buy and sell currency, he’ll be able to safely store his USD helping Venezuelans secure money in a country of inflationary growth.The user will also be able to use MercaDolar as a payment platform.Our platform is not compared to what currently exists in the Venezuelan market. We are the legitimate solution for currency exchange.

As we know, in Venezuela there are legal restrictions that have severely impacted their development and economy, which has generated in turn other negative factors affecting the population that through the purchase of currencies try to fight and protect themselves from the effect Hyperinflation, such as fraud and scams. For this reason, MercaDolar was born, in order to help Venezuelans to confront the crisis and become a safe and reliable tool through which they could freely access a foreign exchange market.

Secondary Category Choice: Technology Innovation
Why do you think you should win this category?
In MercaDolar we have an innovative platform, in which our users can exchange currencies through the purchase and sale of offers in american dollars. We offer a quality service, we have security tools that allow us to provide confidence and tranquility to our users, in addition to using cutting-edge technology for the constant development and updating of our products, as well to guarantee the complete satisfaction of all our customers.

In addition, as part of our growth, we wanted to include in our platform other products that benefit our community and because of that for the launch of our V2, we are developing an electronic wallet, that works as your own bank account in MercaDolar, through which you can make payments, transfer funds and many more options.

Full Name: Hugo Padilla
Role: CEO & Co-Founder
Linkedin: https://www.linkedin.com/in/hugo-padilla-423008115/

Full Name: Vaddely Veruzka Cruz Sojo
Role: Legal & Compliance Manager
Link: https://www.linkedin.com/in/vaddely-veruzka-cruz-sojo-bb3196143/

Full Name: Andrea Schilling
Role: Marketing Coordinator
Link: https://www.linkedin.com/in/jsmandrea/

“CNN En Español” article about MercaDolar: https://cnnespanol.cnn.com/2016/12/20/venezolanos-crean-plataforma-que-facilita-enviar-remesas-de-estados-unidos-a-su-pais/
“El Nuevo Herald” article about MercaDolar: https://www.elnuevoherald.com/noticias/mundo/america-latina/venezuela-es/article121680832.html
“VenAmCham” information about MercaDolar: https://www.venezuelanchamber.org/blog/mercadolar-inc
MercaDolar Instagram Business Profile: https://www.instagram.com/mercadolarinc/

Full Name: Hugo Padilla
Role: CEO & Co-Founder