Jose Deustua: We also have a platform called Anvi. They teach English. Currently, we know that most people in Latin America are not good in speaking English. They need to speak English to progress in their work. Even though there are a lot of solutions about how to learn English, this platform is new in
Sramana Mitra: Is FinTech a sector that you have invested more in? This is a global trend. Hernan Fernandez: Yes. We were lucky enough to be in the middle of the FinTech wave. When we started the fund in 2013, we had no idea that we were going to see FinTech deals. When we started
Sramana Mitra: Talk about the companies. What problems are they solving? Jose Duestua: We have one startup that’s focusing on changing the way teachers teach in K12. In Latin America, we’re lagging behind in using technology in classrooms. This startup is trying to put all textbooks on a platform where you can learn from the
Sramana Mitra: You said you invest in Mexico, Chile, Peru, and Colombia. Are the angel investors also from all the four countries or are they all Mexican investors? Hernan Fernandez: We have a very broad base of angel investors that represents 15 nationalities. We do have investors from the US and Canada, but the core
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Jose Deustua was recorded in May 2019. Jose Deustua, Managing Director at UTEC Ventures, talks about Peru’s entrepreneurial ecosystem. Sramana Mitra: Let’s get to know you. Let’s get you introduced to our
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Hernan Fernandez was recorded in May 2019. Hernan Fernandez is Managing Partner at Angel Ventures Mexico, a firm that invests in Mexico, Chile, Peru, and Colombia. This is an excellent discussion on
Sramana Mitra: My last trend question is B2B versus B2C. It sounds like it’s largely a B2C entrepreneur pool. Eghosa Omoigui: Actually, it’s the other way around. That has some correlation with the difficulty of access to capital. What you find is that more entrepreneurs are entering businesses where their path to revenue is much
Eghosa Omoigui: Education is a very significant issue. These markets are growing very quickly. Nigeria is adding 26,000 babies every day. Education and how you create a pathway to households is a key part of this. We invested in a company called Kukua, which is based out of Nairobi. What they built is a platform