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.