Jamaican Startup FlowFacto Gets US$10,000 Equity-Free Grant from Y-Combinator

FlowFacto, led by entrepreneur Jermaine Henry just won a US$10,000 equity free grant from Y Combinator’s Startup School after completing its 10-week online course on how to start a startup.  It is a cloud-based financing platform for SME exporters, that allows them access to pre-shipment financing providing capital to purchase goods and raw materials, pay for warehousing and to arrange transportation. FlowFacto was one of a 100 companies in the Y-Combinator programme, that complete the course that received USD$10K.

FlowFact is Henry’s 3rd startup, his first was Agrocentral a marketplace that connected buyers and suppliers of farm products. This startup won the Startup Weekend Jamaica event staged by SiliconCaribe in 2013 and was taken to Kenya to startup showcase and conference. Jermaine has been part of SiliconCaribe’s Kingston BETA tech startup Community since 2012.

Romario Raffington and Jermaine Henry
Co-founders of FlowFacto

Background

Y-Combinator startup school.

1. Y-Combinator’s global pedigree in being one of the few successful and profitable startup accelerators that has produced winners such as Airbnb, Dropbox, Instacart and Reddit to name a few.
2. It’s Online Startup School-where attendees

        – have a network of over 2880 founders across 140 countries

– have direct access to advisors from Y Combinators

– Cut startup costs and get discounts from the best in the business (Stripe, Digital

Ocean, Amazon Web Services, and more).

– Learn how to tell your story to customers and investors.

3. It’s a free 10-week online course on how to start a startup and the 100 companies who complete the course will also receive USD$10K