SME loan plattform - prerevenue startup - financing

by a professional from The University of Chicago - Booth School of Business

3 years ago

I am working with a startup. We developed a platform for SME loans. 
The platform is an end-to-end capability working both in a corona virus environment but strive to provide efficiency and better customer experience in a "normal" macroeconomic environment.
The product is ready but need $3m to launch the pilot and finance###-###-#### activities.
Any suggestions on where to get the financing? VC are interested but want to see clients and revenue first.

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searcher from Hult International Business School

I think if the product is ready, then it makes total since they would want to see clients and revenue. If it is ready then sell it. Seems like a good litmus test

3 years ago | like reply | 0 likes

searcher from Harvard University - Harvard Business School

You might also consider getting a strategic partner or two onboard. Perhaps your product can be pivoted to help any number of banks that are totally buried by PPP loans to help them automated and be more efficient? Working with a local bank can help you both in terms of client leads and credibility with investors.

3 years ago | like reply | 1 like

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