The company offers additional services such as logistics, customs clearance, insurance and order tracking. Revenue is derived from 1 percent to 3 percent commissions. The site is currently negotiating with a U.S. bank to provide financing options to its clients, Nava said. Click here to see the original article . One of the 16 best startups in Latin America according to Latin Venture 2000 .
Buyers can also access a broad array of credit services.
Sales commissions and partner's agreements account for most of the revenues. Future plans include expansion into other Latin American countries and a second round of financing.