#liquidity #SME #smallbusiness #latepayments #fintech #fintechstartups #covid19 #startupfunding #SaaS
Nearly one in five (18%) of Europe’s small and medium-sized enterprises (SMEs) say that late payments threaten the survival of their business, according to Intrum’s 2019 European Payment Report.
Likvido.com, co-founded in March 2018 by Maximilian Frimmer and Lars Holdgaard, offers #SMEs an inverse management system which “connects the dots” between their accounting systems, Frimmer tells FinTech Futures. The start-up recently secured a €2.5 million seed investment from Paris-based investor, BlackFin.
The fintech automates actions for chasing late payments, like a SalesLoft campaign, but for late payments rather than new client engagement. It runs a proactive credit check on new clients to inform them of the number of days required for a campaign and the credit amount. This happens before building a workflow with emails, calls and texts which can also include ‘to do’ lists for account managers to charge late payment fees. If all this does not work, then Likvido.com will loop in a debt collection agency with just “one click”.
Read on
Two founders turned bankruptcy into growth - FinTech Futures
In 2017, two Danish founders were facing bankruptcy. Instead of giving up, they turned exactly what had crippled them into a growing business - late payments.
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