Formerly known as PayMachine, one of Latin America and the Caribbean’s most exciting consumer lending platforms rebrands to Elemental.io.

In a statement CEO Oliver Gale said “Our vision extends beyond payments and seeks to solve the elemental global problems that plague affordable consumer credit access for everyone – data, access and suitable collateral. Elemental sets the stage for this young company to go from strength to strength across multiple consumer credit solutions, beginning with income streaming.

About Elemental

Elemental is an open credit platform which works with financial institutions and enterprise clients to provide underserved customers access to credit. By leveraging the newest tools in technology, finance and communications, Elemental provides financial services that are transparent, fair, accountable and inclusive to all. We seek justice and equality for all consumers through technology innovation.