{"689585":{"#nid":"689585","#data":{"type":"news","title":"CREATE-X Startup Brings Digital Access to the Unbanked","body":[{"value":"\u003Cp\u003EWhen Victor Espinosa was an undergraduate student in Bogot\u00e1, he kept running into the same problem every time he tried to order books or basic items online: He didn\u2019t have a credit card. Instead, he had to give cash to someone who had a credit card and ask them to purchase for him. This wasn\u2019t strange in Colombia.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cIt was frustrating, but it showed me how many people were being left out of the digital world,\u201d Espinosa said. \u201cIn Colombia, only about two out of 10 people have a credit card. Cash is the main form of payment, but everything online requires digital access.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EThat gap sparked the idea that would evolve into Loto Punto, a fintech startup building self-service kiosks to bridge the physical and digital worlds for unbanked communities.\u0026nbsp;\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EFrom a Single Problem to a Scalable Platform\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa began his startup as an online platform for buying lottery tickets. He saw that customers didn\u2019t trust the idea of a digital receipt because they were used to a printout, so he pivoted to a kiosk similar to the ones in U.S. grocery stores. Customers could walk up, insert cash, and print a lottery ticket instantly.\u0026nbsp;\u003Cbr\u003E\u201cIt worked, but it had a ceiling,\u201d Espinosa said. \u201cIt only served people buying lottery tickets. We knew it wouldn\u2019t scale.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003ETo address this, he expanded the kiosks to handle mobile phone top-ups, bill payments, and basic banking services. Then, in 2024, the company incorporated advanced technologies such as biometric recognition and blockchain. Stellar Blockchain, first a partner, later became an investor of the startup, which helped Loto Punto to enable low-cost, real-time digital transactions and remittances.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003ENow, users can convert physical cash into digital value or withdraw cash from digital wallets through a single machine.\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EA Global Solo Founder\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa is the sole founder of Loto Punto, supported now by a 10\u2011person team of highly specialized engineers, designers, and manufacturing experts. He is currently pursuing his master\u2019s degree in computer science at Georgia Tech while leading the company through its next chapter as part of the CREATE-X Startup Launch Spring 2026 cohort.\u0026nbsp;\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EFinding CREATE-X and Finding a Community\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa learned about CREATE-X during his first semester at Georgia Tech. In 2024, CREATE-X widened its Startup Launch program to include a spring cohort to give founders, particularly graduating seniors, another chance to go all-in on developing their startup.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa admits he didn\u2019t expect much when he first learned about the program.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cI didn\u2019t know universities had programs like this. In Colombia, we don\u2019t have accelerators embedded inside universities with venture support and dedicated staff,\u201d he said. \u201cSo, I assumed CREATE X would be small, maybe one office helping a few students.\u201d\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EWhat Espinosa found was different.\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003E\u201cThey\u2019re leveraging every resource that Georgia Tech offers. They can help with any challenge by tapping the doors of the network they already have established,\u201c he said. \u201cIt\u2019s an ecosystem.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EAs a part of the Startup Launch program, CREATE-X brings in founders from its ecosystem to speak to participants and give them actionable insights \u2014 founders who have raised funds, been acquired, and have had other successes as entrepreneurs.\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cThat\u2019s different,\u201d Espinosa said. \u201cThey\u2019ve brought successful founders who have walked the talk. It\u2019s different to interact with somebody who was already successful in doing what you\u2019re doing.\u201d\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003ETesting, Measuring, and Learning Through Startup Launch\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEven as a remote participant, Espinosa has connected well with his mentor, who meets with him weekly, and his mini-batch. During the program, startup teams are grouped together. They share their strategies, successes, and struggles as they develop throughout the program. Teams have weekly sprints where they focus on one or two activities and then measure those activities, which Espinosa said is helpful for maintaining focus and actually executing on ideas.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cIf you, as an entrepreneur, start thinking of the whole world of activities that you must do to get somewhere with your startup, you won\u2019t start,\u201d he said. \u201cBy creating attainable goals, step by step, that\u2019s how it compounds to reach bigger goals. But, you have to begin with something.\u201d\u003Cbr\u003ETeams are also encouraged to take calculated risks.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cCREATE-X gives us a safe environment to test ideas,\u201d Espinosa said. \u201cAs an entrepreneur, it\u2019s a lonely road, but having someone who has been in your shoes before, it makes you brave to try things.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EOne of the first major tests he shared with the cohort was an ad campaign timed around the Super Bowl. In Startup Launch, Espinosa learned how to structure the experiment: defining KPIs, iterating audiences, and evaluating performance compared to industry benchmarks.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cWe got around 45,000 views and above-average click-through rates,\u201d he said. \u201cBut the biggest lesson was that brand awareness alone can\u2019t be our only marketing strategy.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa said his mentor helped open doors for him and kept him accountable, and the program itself kept him from being overwhelmed by all that a founder has to do.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cIn Startup Launch, you see how different approaches fit different phases,\u201d he said. \u201cThey\u2019re creating a path to grow and execute on your goals as a founder.\u201d\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EWhy Now Is the Easiest Time to Build\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa also emphasized that the tools to build and test ideas have never been more accessible.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cWhen I started, we didn\u2019t have AI. You had to do everything by hand. It was harder, and it took more resources,\u201d he said. \u201cRight now, it\u2019s a matter of prompting. In one hour, you can file for a grant. Before, it took at least a week to get your documents together.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EHe said the ability to test quickly and learn has also become inexpensive.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cYou don\u2019t need millions of dollars to do this,\u201d Espinosa said. \u201cIt\u0027s very cheap to fail, right? If that doesn\u0027t work, you can just try again in the morning.\u201d\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EAbove all, Espinosa encouraged budding founders to take advantage of the opportunities around them.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cAs a founder, you must tap every door that you have available to you. You have to explore different paths,\u201d he said. \u201cSome of those are networking, some are physical space, some are interest. Get your hands on every single resource that comes your way.\u201d\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003ELooking Ahead: The Future of Payments\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EAs he thinks about where the finance world is going, Espinosa said the payments industry is rapidly converging toward blockchain, stablecoins, and faster, frictionless user experiences.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003E\u201cWe\u2019re seeing a lot of movement around stablecoins. We\u2019re seeing resource flow from one country to another. We believe things are converging to leverage blockchain and driving down the cost of moving money,\u201c he said. \u201cThat\u2019s how we see the future of our industry.\u201d\u003C\/p\u003E\u003Ch2\u003E\u003Cbr\u003EMeet Loto Punto and the Spring Cohort at Startup Launch Showcase\u003C\/h2\u003E\u003Cp\u003E\u003Cbr\u003EEspinosa will travel to Atlanta for the first time in May to present Loto Punto at the \u003Ca href=\u0022https:\/\/www.eventbrite.com\/e\/spring-startup-launch-showcase-tickets-1984784570078?aff=article\u0022\u003ECREATE-X Spring Startup Launch Showcase\u003C\/a\u003E, where the public can meet founders and see their ventures firsthand. The event will be held in The Biltmore Ballrooms on Thursday, May 21, from 5 to 7 p.m.\u003C\/p\u003E\u003Cp\u003E\u003Cbr\u003EThe showcase will feature dozens of startups built by Georgia Tech students and alumni. Tickets are free but limited. \u003Ca href=\u0022https:\/\/www.eventbrite.com\/e\/spring-startup-launch-showcase-tickets-1984784570078?aff=article\u0022\u003ERegister for the showcase\u003C\/a\u003E today to grab your spot.\u003Cbr\u003E\u0026nbsp;\u003C\/p\u003E","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EAfter experiencing firsthand how limited access to credit cards excluded millions from the digital economy, Victor Espinosa set out to bridge that gap by founding Loto Punto. The fintech startup uses self\u2011service kiosks that allow users to convert physical cash into digital transactions, expanding access to essential services like bill payments, mobile top\u2011ups, and remittances. As a solo founder in the CREATE\u2011X Startup Launch Spring 2026 cohort, Espinosa refined his venture through structured experimentation, mentorship, and weekly execution sprints. He credits CREATE\u2011X with providing both the accountability and community needed to test ideas safely and scale solutions for real\u2011world impact.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Georgia Tech master\u2019s student Victor Espinosa is building Loto Punto, a fintech startup using self\u2011service kiosks to help unbanked communities convert cash into digital financial access through the CREATE\u2011X Startup Launch program."}],"uid":"36436","created_gmt":"2026-04-09 13:26:31","changed_gmt":"2026-04-09 13:29:19","author":"bdurham31","boilerplate_text":"","field_publication":"","field_article_url":"","location":"Atlanta, GA","dateline":{"date":"2026-04-09T00:00:00-04:00","iso_date":"2026-04-09T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"679901":{"id":"679901","type":"image","title":"Victor Espinosa Founder of Loto Punto","body":"\u003Cp\u003EVictor Espinosa, Founder of Loto Punto, stands in front of his product, pitching it on Columbia\u0027s Shark Tank\u003C\/p\u003E","created":"1775740749","gmt_created":"2026-04-09 13:19:09","changed":"1775740994","gmt_changed":"2026-04-09 13:23:14","alt":"Victor Espinosa, Founder of Loto Punto, stands in front of his product, pitching it on Columbia\u0027s Shark Tank","file":{"fid":"264122","name":"STCOL_S5_EP16_12_TW.png","image_path":"\/sites\/default\/files\/2026\/04\/09\/STCOL_S5_EP16_12_TW.png","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2026\/04\/09\/STCOL_S5_EP16_12_TW.png","mime":"image\/png","size":899710,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2026\/04\/09\/STCOL_S5_EP16_12_TW.png?itok=TrsrUGf8"}}},"media_ids":["679901"],"related_links":[{"url":"https:\/\/www.eventbrite.com\/e\/spring-startup-launch-showcase-tickets-1984784570078?aff=article","title":"Register for Spring 2026 Startup Launch Showcase"}],"groups":[{"id":"583966","name":"CREATE-X"},{"id":"655285","name":"GT Commercialization"},{"id":"1188","name":"Research Horizons"}],"categories":[{"id":"139","name":"Business"}],"keywords":[],"core_research_areas":[{"id":"193658","name":"Commercialization"}],"news_room_topics":[{"id":"106361","name":"Business and Economic Development"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Cstrong\u003EBreanna Durham\u003C\/strong\u003E\u003C\/p\u003E\u003Cp\u003EMarketing Strategist\u003C\/p\u003E","format":"limited_html"}],"email":["breanna.durham@gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}