Thanks for visiting. We are excited to let you know a bit about us and what we are trying to do. We have been working on this product for a while and we are really excited about what we are doing.
We are trying to help small and medium businesses with one of their major problems, access to capital. In surveys of businesses, access to capital is usually either the first or second largest problem cited. As companies grow and expand, they run into the limits of their existing capital. Trying to do an equity raise or to get bank loans can stop a growing company in its tracks, or take so much time that it is a huge distraction to the business. With an uncertain outcome.
What if we could use our capital more efficiently and side step the need to raise more capital? Wouldn’t that be a much better pathway forward?
Funding accounts receivable is usually one of the major uses of capital for a business, it can take anywhere from 10% to 50% of a company’s capital. One option businesses have to free up this capital is to use invoice financing or factoring. But existing invoice financing solutions are difficult and time consuming to use, expensive, and can disrupt vital customer relations.
We want to make a difference for small and medium businesses by using the capabilities enabled by the cloud, and cloud based products such as Xero, to make invoice financing faster, easier, more flexible, less expensive, all the while being invisible to your customer.
So that’s what we are all about. It is a big problem for businesses and we are excited to roll up our sleeves and get stuck into it. We will make a big difference.