Facturama

Problem: . In México 65% of small businesses disappear within 2 years of founding due to inadequate fiscal administration. Solution/ Product . Facturama, online platform to help professionals and microenterprises maintain better control of their finances through electronic invoice management and other organizational services. Market . According to SAT (Mexican Tax Administration Service), the electronic invoice market is worth about $3 billion dollars annually and Forbes reported 250% growth from 2013 – 2014 due to the government mandate that all invoices must be delivered electronically. . There are more than 36 million taxpayers in Mexico.