“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.”
quote is from the automated transcript, cleaned for reading:
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More from Luis Sánchez
PredictionOpen · timeframe Jun 2029
Sánchez: $5T in Manufacturing Trade to Shift to LatAm
“It is expected that five trillion dollars from manufacturing trade will shift into Latin America in the next five years.”
Luis SánchezJun 26, 2024▶ 3:59"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
AssertionContradicted
Sánchez: 70% of Mexican SMBs Are Profitable When Bankrupt
“Did you know that 70% of all SMBs in Mexico are actually profitable when they go bankrupt?”
Luis SánchezJun 26, 2024▶ 2:50"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
AssertionNot checkable as stated
Sánchez: CredFeed's default write-off rate is 0.5% vs. 12% industry average
“Default, like, write-offs that we have done, it's 0.5% today. The industries, it's 12% in Mexico.”
Luis SánchezJun 26, 2024▶ 5:15"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
AssertionSupported
Sánchez: Mandatory Mexican e-invoicing makes unpaid factoring a criminal fraud
“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…”
Luis SánchezJun 26, 2024▶ 9:47"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
PredictionNot checkable as stated
Sánchez: CredFeed will reach $4M ARR with $10M debt facility
“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.”
Luis SánchezJun 26, 2024▶ 8:22"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
AssertionContradicted
Sánchez: Mexican banks require real estate collateral for all business loans
“Because banks in Mexico, they all require real estate as collateral to provide any kind of business loan.”
Luis SánchezJun 26, 2024▶ 8:49"70% of Mexican SMBs Fail Due to Cash Flow: Can FinTech in Latin America Save Them?"
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