Venezuelan businesses announce new retail alliances and fintech awards

In Venezuela, technology retailer SoyTechno and Banco Nacional de Crédito (BNC) have launched a commercial alliance to promote mobile phone purchases. Through the SoyTechno BNC card, customers can access a 10% discount, with an additional 5% discount available in-store on selected high-demand models, including various Tecno series devices.

Separately, Bancaribe concluded the first edition of its Shark Bank program, an acceleration and co-creation initiative. The program received over 300 applications from entrepreneurs and startups seeking to integrate with the bank's Open Banking infrastructure. After a technical evaluation and a final Demo Day, Sitonos took first place for its B2B agro-industrial platform, followed by QuickPay in second place and Cachicamo App in third.