launched his company back in 2016, again, helping really utility companies collect their debts on

time, making sure there's no delays. They do this in kind of a premeditative way. So they reach out

beforehand to some of these people that owe money, make sure they don't get late. And then afterwards,

they kind of help those folks collect, even when there are late payments. They have about 15

customers right now paying $3,000 a month, $45 grand per month right now, and revenue up from nothing a year ago because they just launched cash flow positive bootstrap

team of six in Portugal and Spain got their first customers by using LinkedIn search and a little

three mess, three sentence message to reach out to them, help asking if they wanted to

collect their money faster. Too early to talk about economics. They are looking to raise right now 500 grand on a 1.5

million dollar pre-money valuation. Hello everyone. My guest today is Pedro Mendez. He's an

intrepid entrepreneur, he's been in the startup world for 10 years, having co-founded four

projects and had two successful exits, mostly in the BDB space. His passion for collective

sports and traveling has given him a broad perspective of the world,

which uses to daily guide his business towards success. Hopefully, he's currently working on invisible collector.com. Pedro, are you ready to take us to the top? Okay. All right.

So tell us about the company. What's the company do and how do you make money?

Okay, so we're dealing in a new commodity, which is debt.

What we do, we help companies get their money back faster.

76% of the money transacted worldwide is now based on credits, and we found out a good space to work is that companies don't really structure that well, how they perform their

receivable. So we came up with an idea to have a cloud system that absorbs everything that must

be paid on a given date, but it's not. And we structure an AI-based interaction system with those

kinds of customers to stimulate their payment. Okay, so this is like if someone owes company X, who's your customer,

a thousand bucks a month, and they miss the payment on the first of the month,

you're going to reach out to the customer and say, hey, don't forget to pay.

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