Imagine a process in which 3,500 applicants apply for a chance to change the world and only .03% (that’s less than 1%) get accepted. Then add the complexity of trying to run a start-up simultaneously, while half way across the world in Santiago, Chile because you have also been recognized by the Chilean Government as one of the most promising startups of 2012. Well, that’s exactly what Co-Founders of Regalii, Edrizio De La Cruz and Juan Maldonado have endured for the past few months. Some say success breads more success but it’s truly the hard work and dedication that allows people to achieve the unimaginable and that’s exactly what Regalii has done.
In only 8 months of existence, Regalii has already been able to amass a global presence that has taken many blue chip companies decades to achieve. Echoing Green is one of the most competitive funding sources for social enterprises in the world and today they awarded Regalii as one of their 2012 fellowship recipients. Since their inception, Echoing Green has provided more than 500 promising social entrepreneurs working in over forty countries with $31 million in start-up funding, customized support services, and access to their global network of champions. These social innovators have gone on to launch, and now lead, some of today’s most important social enterprises throughout the world. Others have gone on to become leaders in a variety of sectors, having been profoundly shaped by their experiences launching social enterprises. Regalii is now part of this amazing ecosystem that will undoubtedly ensure their success.
For Regalii, this is an incredible milestone and helps validate their potential to improve the process of the $69Billion that gets sent to Latin America each year. Regalii has already received global recognition by Dominican Republic newspapers such as (listin diario) and Start Up Chile (a Chilean Government funded incubator program for promising start ups) mainly because their approach is simple, transparent and free. Regalii allows Latinos in the U.S. to purchase
free gift cards in the form of text messages for the same Latin American supermarkets and retail stores were their families already shop. Regalii has already partnered with some of the largest retailers in Mexico and the Dominican
Republic and is working on increasing it’s portfolio to extend their product offering across Latin America. Regalii has also garnered over 3,000 subscribers and is generating more interest every day. We congratulate Regalii on their recent success and encourage everyone to show their support by signing up today at www.regalii.com!