CredFeed

“We track every single invoice on real-time due to the electronic invoicing being mandatory in Mexico, so we know the status of every invoice on real-time. So if they get paid by their customer and they don't pay us, that's considered fraud. So that's a crimina…”

“71%, 24 month retention rate.”

“We're raising 1.2. We already have a 905 K secured.”

“Today there are 770,000 manufacturing companies just in Mexico. We only need 5000 to get to a hundred million dollars in annual recurring revenue to be a billion dollar company with the average revenue that we're generating today with our current users.”

“They would take around eight weeks on the write-up customer. We take around six hours.”

“So we're raising this round To help us unlock a ten million dollar debt facility that will allow us to get to those four million dollars in ARR in the next months.”

“It's a little fuzzy for me, but I think he's the one to bet on if there was one. If there was a, like, who's gonna be in LATAM, the billion-dollar unicorn, I'm like, yeah, I'm willing to bet on that.”

“So, the Pitch Fund is investing 50,000 in cred feed.”

“We raised a small 107 K.”

“Net dollar revenue retention, 108.”

“And at CredFeed, we have already unlocked over 30 and a half million dollars from the cash flows of small and mid-sized businesses.”

“We're breakeven.”

“I am in for 50 K. This is not typical to what I focus on, but I like the energy. I like the lessons you've learned. That's why I'm in.”

“Factoring and manufacturing in Mexico, like, that's, I don't think that's a billion dollar business. He has to add on all these other pieces to make it a billion dollar business.”

“People are seeing this as a lending company, but I actually think CredFeed is more like vertical software. Luis is using factoring as the Trojan horse to get people to use his software, automating the accounts and receivables from manufacturing companies.”

“Default, like, write-offs that we have done, it's 0.5% today. The industries, it's 12% in Mexico.”

“So, our cost of capital today is 15.97%. Our average APR, it's 36.14%. So there we have a 20% margin spread.”