Startup Mx: Kredfeed

Kredfeed is a fintech company that aims to solve a significant financial pain point for small and medium-sized enterprises (SMEs) in Mexico, particularly those in the manufacturing sector.

The platform provides invoice factoring services, allowing businesses to receive early payments for their outstanding invoices without needing collateral such as real estate.

This service is crucial for companies that face long payment terms from enterprise clients, which can severely impact cash flow.

We built Kredfeed to give SMEs the financial flexibility they need to grow, without being at the mercy of large corporations who can afford to delay payments. Our platform makes it possible for these businesses to access the capital they need quickly and efficiently. - Luis Sanchez (Co-Founder of Kredfeed)

How Kredfeed Works

Kredfeed offers a simplified solution for managing cash flow and accessing immediate funds through invoice factoring. The process is designed to be efficient and straightforward:

Submit Invoice: Send an invoice to Kredfeed as a guarantee.
Receive Funds: Obtain up to 95% of the invoice value immediately.
Repayment: Settle the payment with Kredfeed once the client pays the invoice.

Kredfeed's services include:

Factoring: This allows businesses to get paid in advance for their invoices, providing immediate cash flow from sales.
Factoring for Suppliers: Advance payments to suppliers can be made without upfront costs, improving supplier relationships.
KashFlow AI: Manage accounts receivable and payable efficiently with the help of artificial intelligence.
Automated Collection (Coming Soon): AI-driven payment reminders and collection scheduling to streamline the receivables process.

Kredfeed's commitment to swift responses is evident with a turnaround time of up to 72 hours. With over 500 satisfied customers and a monthly interest rate starting from 1.6%, Kredfeed provides a definitive solution for financial needs.

Kredfeed’s Inception

Luis Sanchez's journey into the fintech world was not planned but born out of necessity and personal experience.

His background in finance, particularly as the CFO of an influencer marketing startup, exposed him to the challenges of dealing with large corporate clients. These clients often imposed lengthy payment terms, sometimes extending up to 180 days, which strained the startup's cash flow.

I was responsible for managing our cash flow, and the stress of waiting for payments from large corporations was immense. I knew there had to be a better way for businesses like ours to get paid faster, and that's where the idea for Kredfeed started.

When Luis decided to pursue the idea of solving this problem, he turned to his sister, Marysol Sanchez, who had also worked with him in the previous startup.

Convincing her to join was not easy, especially since she had a job offer from Microsoft. "It took me a few weeks to convince her, but I knew that with her technical skills and our shared vision, we could build something impactful," Luis says.