“This was one of the first deals where we had a founding team which was young. But they had a great mix of vision, nimbleness, and execution orientation, combined with humility and maturity. Santiago addresses concerns in a clear, methodical and smart way, always keeping the customer in mind. He has been able to attract a high caliber team that has delivered a strong track record. We see huge potential and impact for Nuvemshop in the region.”
“Nuvemshop occupies a sweet spot in terms of providing solutions to small merchants, while most other competitors focus on larger clients. They are building a complete commerce ecosystem for SMEs, and continuously adding value to the product while bringing costs down. As the ecosystem grows, so does the loyalty of merchants, thus strengthening the moat around the company.”