71 min listen
Why Every US Company Needs a Latino Strategy | Sean Salas, Camino Financial | S1:EP5
Why Every US Company Needs a Latino Strategy | Sean Salas, Camino Financial | S1:EP5
ratings:
Length:
62 minutes
Released:
Mar 25, 2024
Format:
Podcast episode
Description
There are nearly 5 million Latino-owned businesses in the US and nearly 1 in 4 new businesses are started by Latinos. And yet, access to banks and financial products is not as easily available for these entrepreneurs. Sean Salas decided to change that by co-founding Camino Financial. Through technology and AI, they offer affordable loans to satisfy the demand for credit that rises to 20 billion dollars from Latino micro and small businesses.Camino raised over 150 million dollars of debt and equity funding, and in 2023 they merged with Fundation, an SMB tech-enabled lender and specialist in bank channel partnerships.Sean and I talked about the Latino market in the US and the challenges it faces, how the business model of Camino works to allow them to serve micro businesses, and the lessons he has learned about building a company and fulfilling his vision.GET THE BEST OF THE INTERVIEWS IN OUR NEWSLETTER?️ Register here: https://rebrand.ly/tssnwsrss
Released:
Mar 25, 2024
Format:
Podcast episode
Titles in the series (8)
001. Kevin Efrusy, Accel | From Investing in Facebook to Investing in LatAm’s Startups and Youth: This is my first episode, and I couldn't be more grateful to start with such an incredible guest. Today, I had Kevin Efrusy on the show. Kevin joined Accel Partners in 2003 and was the lead investor in companies like Groupon, Couchbase, and Facebook, which is likely one of the best venture investments of all time. The story of how he leveraged a “prepared mind” to source Facebook and convince Mark Zuckerberg in 2005 to accept the Accel deal earned him a feature in Sebastian Mallaby's book 'The Power Law'. Kevin also began Accel's Latin America initiatives, leading to investments in Despegar, Gympass, Nuvemshop, and Quinto Andar. He has been a significant supporter of LatAm’s startup ecosystem since its early days, personally investing in two of the leading venture funds in the region, Kaszek and Monashees, and helping many other founders. TO GET THE BEST OF THE INTERVIEWS IN OUR NEWSLE by The Startupeable Show