Tag: Fintech
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Revenues Fund Working Capital, Not Equity!
Short term needs are better financed by short term capital. Equity is better spent on building a business, not bridging cash flow. Craig, the founder of a Bay Area mobile media start-up neatly summarises something we observe across many early stage tech businesses. ‘”We approached x bank (a well known bank in the community) to…
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It’s All In The Story
I received some emails from a few customers this week asking if we could connect them to cash. One company had a large customer willing to pay it a guaranteed minimum per month (after invoice) over a 4 year period, and the company wanted to explore ways to get more of this cash up front…
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Initial Reaction: The BIS Task Force Report
For those who have not already read it, the report released by the BIS Task Force will make interesting reading. Some of the figures quoted in there are scary: 9% of SMBs sought financing in 2011; 1/3 of SMBs applying were unsuccessful in their loan application; a projected 5 year funding gap of £44 billion…
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Is Lending To SMBs That Much Harder?
So the finger pointing continues. Policy makers are still unhappy with bank lending to SMBs. Lobby groups are not dancing in the aisles about this either and everyone has some ideas on how to tap additional sources. Lending to businesses, SMBs in particular has been decreasing, despite the need for it to grow instead. I’ve…
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Transforming Lending in the UK Part 3
This is the third in a series of posts centred around the article ‘How should we fund the UK’s growth agenda?’ posted earlier this month. In the article, the head of the Business Finance Task Force asked for ideas on ways to transform lending and fund UK growth. I extracted key questions (in quotations) from…
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Transforming Lending in the UK Part 2
This is the second in a series of posts centred around the article ‘How should we fund the UK’s growth agenda?’ posted earlier this month. In the article, the head of the Business Finance Task Force asked for ideas on ways to transform lending and fund UK growth. I extracted key questions (in quotations) from…
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Transforming Lending in the UK – Part 1
In an article ‘How should we fund the UK’s growth agenda?’ earlier this month, the head of the Business Finance Task Force asked for ideas on ways to transform lending and fund UK growth. As someone who spent much of the past two decades raising commercial and equity finance for banks, public sector entities and…