Tienda Pago
Más de 30 días
Dan Cohen of Tienda Pago - VenturesTienda Pago is a fintech company that finances short-term working capital for “tiendas” — small mom-and-pop grocery stores — in Peru and Mexico, so they are better able to manage inventory and cash flow. Such shops are generally too small to be able to access business loans from traditional financial institutions, and so can struggle to gather enough cash to pay suppliers up front to keep their shelves well stocked. The company already works with 12,000 shops in Peru, and 4,000 in Mexico.In this interview, Tienda Pago CEO Dan Cohen explains the model: “We finance [the shops’] inventory for their key products. We make agreements with large distribution companies and brands, to buy… those products for [the shops]. So now the store has a week to pay for those products, and we pay directly for the distribution.” He adds, “We can see that the stores we’re financing… have more variety and they’re doing better.” Some of the international and regional...
