The Pitch #136 KredFeed: The Next Mexican Unicorn?
Jun 26, 2024
Founder Luis Sánchez pitches KredFeed, aiming to revolutionize manufacturing financing in Mexico. Investors debate market potential, challenges, and scalability. The podcast also includes reflections on a failed influencer marketing startup and insights into cashflow forecasting in the manufacturing sector.
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Learning from Failure
- Luis's previous startup, an influencer marketing platform, failed because the founders lacked passion for the problem.
- This experience taught him the importance of loving the problem and building a strong, dedicated team.
Niche Focus
- CredFeed focuses on financing cost of goods sold, not utilities or payroll, for manufacturing companies.
- By analyzing transactions, they understand margins and assess creditworthiness more effectively.
Mexican Market Advantage
- Mexico's high interest rates make CredFeed's current rates competitive.
- While some US revenue-based financing companies struggle, CredFeed's 36% APR remains a bargain in Mexico.