06 Dec Benefits of Peer-to-Peer Platform for Financing
Technology moves rapidly each day. There is always new innovation produced that has changed the way we live and get things done.
A good example is the way Fintech players have been changing the face of financing through technology-driven platforms for entrepreneurs’ business cash flow.
The speed, convenience, efficiency and accessibility of using peer-to-peer marketplace brings new solutions and next-level cash transactions. But are you familiar with what a p2p marketplace is?
Definition of a P2P Marketplace
A peer to peer marketplace platform is an online business model where buyers and sellers transact their products and services. One good example of a peer-to-peer marketplace is Acudeen.
Small and medium-sized enterprises (SMEs), especially those who are just starting on their own are experiencing inevitable downfalls. Some examples include ineffective planning, sales, and marketing strategy and improper execution and cash flow management.
Know more about their problems by reading Why SMEs Don’t Pay Their Debts
But how can an entrepreneur prevent such circumstances? Read on to find out how peer-to-peer platform can benefit your business:
Funders who are interested in buying your receivables will help your business grow. With the help of modern software technology built on a marketplace framework, willing buyers will be able to buy your receivables for your cash flow needs.
Read more about growing your business with the use of digital technology with these 5 Key Principles of Digital Transformation
It is important to consider liquidity since the platform enables sellers to convert their receivables to immediate cash once sold.
Eliminates Middle Man
P2P Online Marketplace platforms remove the middleman from the process with the help and convenience of technology. Through this, the seller’s profile will be displayed in a secure and private platform where buyers can check and bid for invoices.
Lower Marketing and Distribution Cost for funders like Banks
The cost reduces by removing operational expenses which are affiliated with the traditional banking system, such as maintaining cost, physical branches, and the like. A P2P Online marketplace like Acudeen is able to charge low rates because of a fixed cost leverage.
Acudeen, An Agent of Financial Inclusion for Small and Medium Businesses
Acudeen offers a convenient and efficient vehicle to take advantage of the peer-to-peer online marketplace by providing the opportunity for funders to engage in this growing market.
And as an agent of financial conclusion, Acudeen’s online marketplace assures clients the convenience and fast payments of receivables as early as 5 days!
Register now and start growing your business!