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Favik❤️

Colombia
Market: Another
Stage of the project: Operating business

Date of last change: 26.07.2022
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Idea

We are a platform where the influencers can create an operate their own brands and products. We have already 12 influencers on board. The influencer creates and we do the rest (the end to end)!

Current Status

* We have 12 influencers on board.
* USD$900K GMV in 18 months.
* Growing 30%GMV MoM.
* Conversion rate 10x more than the average conversion rate of an e-commerce in Colombia.
* 40% customer retention rate.
* USD$3.6M raised.

Problem or Opportunity

1. There are 50M Influencers around the world, and they dream about creating their own brands, but have no idea how to get started.
2. They are looking to start their own businesses. They have stability in the short term but they do not have long term sustainability.
3.“The influencers class has more influence
in Latam than anywhere else in the world” Statista

Solution (product or service)

We are building the one stop shop for influencers to create their own brands!
We are pioneers in the creator economy. Using technology and data science, our platform helps influencers make their own brands a reality. The “Wix” for influencers to create their own brands!

Business model

We have 3 revenue streams:
1. Setup fee (brand, product and e-commerce development).
2. Take rate from the sales, from 10% to 30%.
3. Fixed fee.

Incubation/Acceleration programs accomplishment

Latitud (Latam)
Newchip (US)
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Idea
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