r97teran

3 ms·

1. 1.▲
   by r97teran 4y ago

   hugo was recently acquired by pedidosYa / delivery hero. they rolled up all the operations into a single app (pedidosYa) and absorbed a part of the hugo team. this move will allow pedidosYa to consolidate the market. it would be weird
2. 2.▲
   by r97teran 5y ago

   the instrument is a SAFE, which does not convert into debt. rather its just a promise for equity in the future
3. 3.▲
   by r97teran 6y ago

   Thanks - these are good points you bring up. A few considerations to complement your thoughts: - Banking systems are indeed different. That's why we've decided to raise the capital ourselves. It allows us to set and follow our own
4. 4.▲
   by r97teran 6y ago

   it's possible! though what we've noticed is that there are a ton of these card readers popping up in countries like Mexico. They've got the distribution down, and have done a lot of the legwork in finding these small business
5. 5.▲
   by r97teran 6y ago

   repayments adjust to how much the business had in sales via the platform. So closer to what Square/Stripe offer in the US.
6. 6.▲
   Launch HN: R2 Capital (YC W21) – Working Capital as a Service in Latin America

   41 points by r97teran 6y ago|6 comments