Source of motivation
“When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has been opened for us.” ―Helen Keller
I've met some exceptional founders in recent weeks and have listed 5 of them for your consideration.
Startup Discovery Digest
SPIN is a space technology company that develops modular satellite systems. The startup's products are designed to be easy to assemble, maintain, and upgrade, making them more cost-effective and sustainable than traditional satellite systems. (Seed, Italy / Israel)
Korvo is a startup offering services for businesses, facilitating online event organization, ticket sales, and customer management. It empowers businesses to create and manage conferences, workshops, and meetups, providing tools for ticket promotion, sales, event analytics, customer management, and social media integration. (Seed, Turkey)
Axis is a financial platform catering to small businesses and individuals, providing services like salary management, expense tracking, and mobile wallets. Users can send and receive money, pay bills, and earn rewards and cashback while enjoying secure processes to safeguard their information, regulated by the Central Bank of Egypt. (Seed, Egypt)
Flexa is a startup founded by a medical doctor, Santiago Ocejo, and entrepreneur that provides health benefits for employees of corporations. They offer a physical and virtual prepaid credit card for healthcare services, targeting medium-sized manufacturing companies initially, and aim to expand their marketplace of healthcare providers beyond Mexico. (Pre-seed, Mexico)
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Startup Spotlight
Cryptocurrency for All: Eldorado's Drive for Financial Inclusion in Latin America
Market Opportunity: Eldorado has a substantial market opportunity, driven by the rising demand for stablecoins in emerging economies, particularly in Latin America, where individuals and businesses face challenges with limited access to USD and high remittance fees. The combined market opportunity for stablecoins and cross-border remittances in the region is estimated to be well over $100 billion. By focusing on Latin America and offering innovative stablecoin solutions, Eldorado is well-positioned to capture a significant share of this growing market.
Team: The core team behind Eldorado brings a diverse range of skills and experiences to the venture. Led by Guillermo Goncalvez, an experienced entrepreneur in the cryptocurrency space, and Juan Andreu, with a strong technical background in blockchain technology as the CTO, they are dedicated to driving financial inclusion and creating a positive impact in Latin America. The team's expertise in cryptocurrency and blockchain technology allows them to address the unique challenges faced by their target customers effectively.
Focus: Eldorado focuses on providing access to cryptocurrencies and related financial services to individuals and businesses in Latin America. The platform offers a mobile and web-based marketplace for buying and selling US dollar stablecoins using local payment methods, with over 50 different payment options across four countries. By addressing the pain points of limited USD access and incompatibility of payment methods in the region, Eldorado aims to empower users to conduct fast, secure, and cost-effective transactions. Additionally, the company implements a go-to-market strategy that leverages partnerships, blogging, and testimonial marketing to drive user growth and generate revenue for the platform.
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