Since we first announced the Impact Factoring Fund, we’ve been working hard to help our portfolio companies take advantage of the opportunity to access working capital. One of our portfolio companies, Frogtek, is particularly excited to apply the IFF to its efforts of financing tablets for their customers in Mexico and Colombia.
Frogtek’s innovative technology is an application, Tiendatek, which allows micro shopkeepers to manage sales and inventory on their smartphone or tablet. Most of Frogtek’s customers, however, do not have the hardware required to run the software, nor ability to afford it. With the limited consumer financing options available, the burden falls on Frogtek. We asked Founder David del Ser some questions about Frogtek’s progress, working in Latin America, and why he is excited about being an IFF Partner. Continue reading to find out what he had to say.
Every week, we read dozens of articles on our favorite industry trends that relate to our investment thesis. We pick the most popular trend from the week and share the top articles along with our thoughts.
Articles and blog posts this week cover news on mobile technology in emerging markets. We’re featuring news from iHub’s blog, MIT Technology Review, Business Daily Africa, and Mobile Payments Today. A common trend you’ll find in each article is the continued proliferation of SMS-based and feature phone applications; significant smartphone penetration is still a few years down the line in emerging markets. Today’s innovators aren’t forgetting the benefits and capabilities of SMS and feature phones.
Every week, we read dozens of articles on our favorite industry trends and relate to our investment thesis. We pick the most popular trend from the week and share the top articles along with our thoughts.
This week, we’re featuring articles on alternative energy, noting the challenges that startups often face in terms of distribution, pricing, and scale.