Alejandro Ponce is the founder of Favo. Favo has raised $37M in total funding. Latest round: Series A. Backed by Tiger Global, GFC, Elevar Equity.
Alejandro Ponce is a founder of Favo, a social commerce platform that launched in Peru in 2020 and later expanded to Brazil. Favo connects local entrepreneurs and neighbors, enabling underemployed individuals to generate income by selling groceries through their local networks. Ponce emphasizes Favo's role in empowering unemployed people, particularly mothers, with technology and logistics to become entrepreneurs.
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