The Ledger
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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…”
Sánchez: CredFeed needs only 5,000 of Mexico's 770,000 manufacturers for $100M ARR
“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.”