CREATE-X Startup Brings Digital Access to the Unbanked

When Victor Espinosa was an undergraduate student in Bogotá, he kept running into the same problem every time he tried to order books or basic items online: He didn't 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't strange in Colombia.

"It was frustrating, but it showed me how many people were being left out of the digital world," Espinosa said. "In 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."

That 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.

From a Single Problem to a Scalable Platform

Espinosa began his startup as an online platform for buying lottery tickets. He saw that customers didn't 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.
"It worked, but it had a ceiling," Espinosa said. "It only served people buying lottery tickets. We knew it wouldn't scale."

To 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.

Now, users can convert physical cash into digital value or withdraw cash from digital wallets through a single machine.

A Global Solo Founder

Espinosa is the sole founder of Loto Punto, supported now by a 10-person team of highly specialized engineers, designers, and manufacturing experts. He is currently pursuing his master's 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.

Finding CREATE-X and Finding a Community

Espinosa 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.

Espinosa admits he didn't expect much when he first learned about the program.
"I didn't know universities had programs like this. In Colombia, we don't have accelerators embedded inside universities with venture support and dedicated staff," he said. "So, I assumed CREATE X would be small, maybe one office helping a few students."

What Espinosa found was different.
"They're leveraging every resource that Georgia Tech offers. They can help with any challenge by tapping the doors of the network they already have established," he said. "It's an ecosystem."

As a part of the Startup Launch program, CREATE-X brings in founders from its ecosystem to speak to participants and give them actionable insights - founders who have raised funds, been acquired, and have had other successes as entrepreneurs.

"That's different," Espinosa said. "They've brought successful founders who have walked the talk. It's different to interact with somebody who was already successful in doing what you're doing."

Testing, Measuring, and Learning Through Startup Launch

Even 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.

"If you, as an entrepreneur, start thinking of the whole world of activities that you must do to get somewhere with your startup, you won't start," he said. "By creating attainable goals, step by step, that's how it compounds to reach bigger goals. But, you have to begin with something."
Teams are also encouraged to take calculated risks.

"CREATE-X gives us a safe environment to test ideas," Espinosa said. "As an entrepreneur, it's a lonely road, but having someone who has been in your shoes before, it makes you brave to try things."

One 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.

"We got around 45,000 views and above-average click-through rates," he said. "But the biggest lesson was that brand awareness alone can't be our only marketing strategy."

Espinosa 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.

"In Startup Launch, you see how different approaches fit different phases," he said. "They're creating a path to grow and execute on your goals as a founder."

Why Now Is the Easiest Time to Build

Espinosa also emphasized that the tools to build and test ideas have never been more accessible.
"When I started, we didn't have AI. You had to do everything by hand. It was harder, and it took more resources," he said. "Right now, it's 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."

He said the ability to test quickly and learn has also become inexpensive.

"You don't need millions of dollars to do this," Espinosa said. "It's very cheap to fail, right? If that doesn't work, you can just try again in the morning."

Above all, Espinosa encouraged budding founders to take advantage of the opportunities around them.
"As a founder, you must tap every door that you have available to you. You have to explore different paths," he said. "Some of those are networking, some are physical space, some are interest. Get your hands on every single resource that comes your way."

Looking Ahead: The Future of Payments

As 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.
"We're seeing a lot of movement around stablecoins. We're seeing resource flow from one country to another. We believe things are converging to leverage blockchain and driving down the cost of moving money," he said. "That's how we see the future of our industry."

Meet Loto Punto and the Spring Cohort at Startup Launch Showcase

Espinosa will travel to Atlanta for the first time in May to present Loto Punto at the CREATE-X Spring Startup Launch Showcase, 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.

The showcase will feature dozens of startups built by Georgia Tech students and alumni. Tickets are free but limited. Register for the showcase today to grab your spot.