Qupital aims to alleviate financinvinyl wristbandsg difficulty for SMEs

Liu chenyang2018-12-05 02:17:55505Views
Customized Bands - Encourage Your Enterprise And Band Pinaki Prasad Mohanty has correct explained that "Friendship is like a perennial river which flows forever. It could alter it is path but will never ever ever dry up". People interested in attending must register at the Staples Center in downtown Los Angeles. There will be 17,500 tickets and they will be randomly drawn for each the Staples Center area and the Nokia Plaza at which the memorial will be shown on giant screens. Every single particular person randomly picked will acquire two tickets. There will be no tickets offered and there will be tyvek wristbands for individuals who receive tickets. On receipt of the tickets, the individuals picked are to go to ticket master to select up their tyvek wristbands for entry. The down sides are: only a number sum of charms can match on one particular bracelet, you may possibly not find make your own bracelet perfect charm on a specified day as types are consistently modifying. When sending your cards, don"t ever incorporate advertising details. That"s a deal breaker. The "Thank You" is a private gesture that is intended to build and fortify your romantic relationship with your clients. Perfect for youngsters too young to speak nevertheless who want to say how considerably they adore their Dad, you can get infant bibs or T-shirts with "I adore Daddy" or "I love Dad" printed on them. You might know a nearby printing store or you can very easily uncover an on the web shop that you can get these from. Shops that sell Mother"s Day clothing must be in a position to aid you out. If not, you can order custom stickers that you iron onto blank bibs and T-shirts. This works out a bit cheaper as you can buy supermarket clothes but it won"t appear as great or last as long as personalised wristbands ones. In my opinion, of all of the swift fundraising tips out there right now, this is possibly one of the ideal concepts I have witnessed. The way these fundraising concepts function is that you promote a price reduction card where you get reductions on purchases at all of the key discount retailers. The cards are excellent since they spend for themselves in just a couple of brief visits, so shoppers wind up saving income on merchandise they would have presently bought. Shoppers also enjoy these cards simply because they get to raise income for their schools as well with no producing any main investments in their budget. The kids had been smaller so we booked the early dinner seating. The dining space was full at five:45 when we noticed hanging pots and pans close to the kitchen starting to sway. A single of my daughters mentioned she was not feeling properly and skipped the appetizer. I looked about the dining room and observed young children beginning to move closer to their parents. then they started out leaning their heads on their parents shoulder. then the children and mothers and fathers began leaving. By 6:30pm, only 45 minutes into dinner, at least two-thirds of the dining area was empty. Your "thing" may possibly be bead work, or quilting. Currently being inventive is a way to express oneself. In a planet full of active day to day actions it is good for the spirit to take a rest in a wonderful comforting place.

As a dynamic business sector that drives the city’s innovation and competition, small and medium-sized enterprises’ pain points such as difficult financing or slow payment are getting some relief.

Cash-flow management has been one of the most significant challenges SMEs face since banks tightened financing standards and stricter regulations on credit and risk management were implemented. It can also take a while for SMEs, especially those in the export trade and wholesale industries, to receive payments from their clients, which could stunt their development.

Growing up in New Zealand and studying in the US, Andy Chan used to work as a software engineer, and he is always interested in startups and entrepreneurship. He got to know different platforms by doing unpaid-invoice exchanges, and he would like to fill that void in the Hong Kong market.

Believing that opportunity goes alongside challenges, Chan and his partner Winston Wong co-established Qupital, a digital trading market for buyers and sellers of corporate receivables and the first Hong Kong-born enterprise to deal with cross-boundary e-commerce financing.

“We would like to link the two together because we see there are problems for SMEs regarding financing. Instead of going to the banks, money lenders or other institutions for financing, they can come to our platform and get financing immediately,” Chan said.

The digital platform helps SMEs to connect with investors who are mostly Hong Kong hedge funds, family offices and high-net-worth professionals to get instant financing. “We’ve been talking with banks as well,” Chan added.

The registered sellers put up the unpaid invoice on to the platform and wait for the funders to bid. The funders can bid on the invoice and get it at a discount. The full remit payment will be given to the funders directly and the funders gain the price spread. “We let our funders generate 10 to 18 percent annualized return,” Chan said.

All possible with a few clicks, online accounts receivable exchanges on Qupital can ensure the money is sent to the sellers’ bank account within a day without any fixed asset as collateral. Qupital charges both sides including a platform fee from the sellers depending on the size of the SME and a commission from the investors on the gain they realize on the platform.

Backed up with cloud servers which are protected by the same technologies used by major banks, Qupital’s online platform includes SSL (secured sockets layers) encryption to help secure the data. The platform allows funders to see auctions at 10 am on working days including the highlights of the SMEs but not revealing the name or address of the SMEs. “Up to now, we have zero unsold invoices on the platform,” Chan said.

To protect the stakeholders, sellers of unpaid invoices should be Hong Kong-registered companies with more than 2 million turnovers. Besides, the companies need to have open account trading with other businesses and at least 12 months of operating history.

“We have integrated with over eight different SME accounting softwares and the top e-commerce platforms to pull alternative data for our credit control procedure,” Chan said. Qupital require SMEs either to purchase trade credit insurance or to sign the beneficiary to them. Trade credit insurance protects the transactions so that if the counterparty doesn’t pay on time or goes bankrupt, the insurance company will pay up to 90 percent of the invoice value.

“Before the trade credit insurance is even set up, we have to ensure that these SMEs have a true trade relationship with the counterparty. We have to look at their old records, transaction registry, look at the invoices, their shipping documents, purchase orders,” Chan said. “Many things need to be taken into consideration. We have to prove that the counterparty has paid into a bank and whether in some time has it had any returned goods or late payments,” he added.

Founded in March 2016, Qupital launched its platform in August that year after receiving investment led by the Alibaba Entrepreneurs Fund, MindWorks Ventures and the other three investors for a total of $2 million.

It’s noteworthy that Qupital was the first fintech investment Alibaba and MindWorks made in the city. In March, Qupital formed a partnership with Alibaba.com, China’s leading platform for global wholesale trade. The tie-up enables the qualified golden suppliers of Alibaba.com to free up cash more easily via Qupital.

“It’s a great achievement for us and, at the same time, it allows the two parties to refer customers to each other and also develop the markets together,” Chan said.

With a great number of exporters and manufacturers, Alibaba.com has ratings for each of them concerning whether they have completed the order on time, customer service and so on. Qupital captures the data and provides faster turnaround for funding approvals and larger loan amounts to the qualified suppliers.

Starting from two people to now more than 40, Qupital aims to expand the market to the Chinese mainland, Taiwan, Macao and Southeast Asia. “We are planning to set up an office in Hangzhou, Zhejiang province which is China’s e-commerce hub. And we can be close to our customers,” Chan said.

Until August this year, the online marketplace had reached HK$1 billion gross merchandise volume (GMV) with monthly growth of 20 to 25 percent. According to Qupital, the fourth quarter is expected to achieve HK$800 million GMV.

“Besides traditional invoice financing options, we started to push out our new e-commerce financing options this quarter as well,” Chan said.

Recently, Qupital announced it’s making inroads into the cross-boundary e-commerce market by providing supply chain financing services for suppliers from global e-commerce platforms like Amazon, eBay, and Tmall. According to Qupital, business related to cross-boundary e-commerce has achieved about 100 million fundraising.

As one of the few companies that focuses on digital financing, Qupital is a relatively new alternative lending solution.

“Stakeholders may not understand it and be scared of it because they are not familiar with such a way of financing,” Chan said. “But it’s getting better as we introduce them more. In some family businesses, the children take over the business and most of them are millennials. They are actually much more open to the online lending solutions,” he added.

The Guangdong-Hong Kong-Macao Greater Bay Area also brings opportunities to Qupital. Chan believes that the Bay Area helps the young talents exchange which may help Qupital’s recruiting side.

“E-commerce financing options are from companies founded by mainland entrepreneurs. These guys don’t have the collateral of fixed assets to pledge to the banks, so they are open to alternative solutions. We could come out and help them all,” Chan said.


custom rubber bracelets
fabric wristbands uk
charity silicone wristbands
custom rubber bands
custom silicone wristbands

Top Article

Random Articles