Fintech Belgium Summit 2017 - Societal Impact - Edebex - Compliance by Xavier Corman
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This document discusses issues facing small and medium enterprises (SMEs) such as high rates of bankruptcy and cash flow problems. It notes that 40% of Belgian SMEs are refused partial or full credit, and 1 in 4 bankruptcies are directly related to cash flow problems. The document introduces Edebex as a potential solution, which is a marketplace for SMEs to buy and sell commercial receivables. Edebex allows SMEs to sell invoices without collateral and choose which invoices to sell without a credit analysis. It aims to help decrease bankruptcy rates and help companies survive cash flow issues.
Fintech Belgium Summit 2017 - Societal Impact - Edebex - Compliance by Xavier Corman
- 2. 22 40 % of the Belgian SME get a partial or full credit refusal from their bank 1 in 4 bankrupties is directly related with cash-flow problems Macro economic situation Confidential Source : La Tribune & L’Echo
- 3. 33Confidential • 200 000 bankruptcies in EU every year • Destroying 1,7 M jobs Value Destruction
- 4. 4Confidential How to decrease this bankruptcy’s rate ? How to help companies to survive a cash- flow problem ? Societal impact
- 5. 5 Problem & Solution SME that wants to improve their cash flow SME with cash to invest 57 % of European company have cash-flow problems* * European Payment Index 2013 Commercial receivablesSELLER BUYER Confidential
- 6. 6 What is Edebex ? Edebex is a marketplace to buy and sell commercial receivables Confidential
- 7. 7 Disruptive Concept No need of seller’s collateral Seller can choose which invoices to sell No credit analysis on the seller ! Confidential
- 9. 9Confidential Societal impact - HR • 30 EFT • Average age : 26 years old • 8 + nationalities • 5 countries served
- 10. 10Confidential Societal impact – HR & trainings • Financial knowledge • Compliance (AML,…) • Sales skills • Customer orientation • Security, confidentiality
- 11. 11Confidential Societal impact – HR Challenges • Autonomy • Thinking out of the box • Productivity increase (3-5 % per month) • Within the defined processes
- 12. 12 Thank you for your attention Confidential