He Raised $300 Million To Become The Financing Solution For Businesses in Latin America
David Poritz‘s fintech startup has already raised $310M to help give small and medium-sized businesses the access to credit and capital they need to survive and thrive in Latin America. During our interview on the Dealmakers podcast, David and I talked about his trailblazing financial technology startup, the differences between startups in the US and Mexico, the post-COVID-19 market for SME credit, and financing, and the most important early moves to make for startup founders.
David Poritz‘s fintech startup has already raised $310 million to help give small and medium-sized businesses the access to credit and capital they need to survive and thrive in Latin America.
During our interview on the DealMakers podcast, David and I talked about his trailblazing financial technology startup, the differences between startups in the US and Mexico, the post-COVID-19 market for SME credit, and financing, and the most important early moves to make for startup founders.
Listen to the full podcast episode and review the transcript here.
Here is the content that we will cover in this post. Let’s get started.
- 1. Travel & Entrepreneurship
- 2. Exploring Meaningful Opportunities
- 3. Finding FinTech
- 4. Startup Fundraising
- 5. Launching A Startup In Mexico
- 6. Key Advice For New Entrepreneurs
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Travel & Entrepreneurship
One of the most common traits of hyper-successful entrepreneurs is having traveled. There is just something about it which equips individuals to become adept at entrepreneurship, and inspired to create something bigger.
David Poritz comes from a family of creatives and artists. As such, they always encouraged and empowered him to explore.
Although born in New England, this travel and habit of exploring showed up pretty early, and in a big way.
From the time he was just 12 years old Poritz began traveling and even living in the Latin American (LATAM) region. Through exchange programs and friends he was able to go to Colombia, Ecuador, the Amazon, and Mexico. Even through middle and high school.
Even at this incredibly young age, he had the opportunity to work as a paralegal for a pretty famous litigation attorney in Ecuador.
Exploring Meaningful Opportunities
David went on to study at Brown. He still assumed he was on a vague path to becoming a professor or something similar. He even went on to spend a couple of years at Oxford as well.
He believed this period gave him some room to explore different ideas and interests. Among them were the indigenous communities in the LATAM region. He became passionate about the energy industry and even launched Equitable Origin. An organization that developed the first environmental and social safety standards for the oil, gas, and energy industry.
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