In video: how can SMEs get greater access to capital?
We need to make fundraising more affordable
Small businesses are the backbone of the global economy. They contribute significantly to national income, particularly in the developing world, where SMEs are responsible for almost two thirds of all employment.
Given their pivotal role, logic would dictate that the financial services industry is set up to support SME growth. However, this is not the case, as WeOwn’s CEO, Sascha Raagstchaa, explains in our latest video:
“At the moment you have to be a very large small business to go through the IPO process, Sascha explains, “for most SMEs, there are bureaucracy and speed hurdles.”
It can take 3-6 months for companies to access a loan, which could easily break a small business. However, technology such as WeOwn’s Digital Marketplace is changing opportunities by giving SMEs quick and easy access to capital.
“There are a lot of equity crowdfunding sites, but they are struggling with liquidity, bureaucracy and regulations,” Sascha continues.“There’s no global consistency, and that’s what we’re trying to fix.”
WeOwn’s Digital Marketplace connects small businesses directly with potential investors, removing convoluted processes and significantly lowering fundraising fees. Our tokenization technology makes transactions completely immutable, enabling SMEs to build secure relationships with investors.
Sign up to our Digital Marketplace to launch your own offer.