On Wednesday, September 4th, our CEO Helen Cahill presented to an executive audience of IRDG members at the Clayton Hotel, Galway. While R&D, Innovation and funding were the high level themes of the day, Cahill was the bearer of good news about a new and innovative way to help SMEs manage their cashflow headaches. Interestingly she explained how invoices or receivables, as an investment asset class, are being sought after by capital market investors around the Globe. The InvoiceFair Platform connects SMEs directly with this audience. In 4 simple steps, companies can trade invoices, purchase orders or leverage on their monthly recurring revenue and access cash immediately . “it puts control back into your hands by selling your receivables when you want on your terms – and you control the cost “. Surprised faces across the room when she stated that over 70% of SMEs in the USA access funding from alternative sources.
(Image: Helen Cahill presenting at the IRDG Conference, Galway)
InvoiceFair is a member of the IRDG, which is a business-led Innovation Network of blue chips, corporates, SMEs, start ups and academics all driving innovation and business transformation. The forum facilitates an ecosystem, harnessing open minds to explore and execute innovative collaboration by gathering members of the IRDG from around Ireland.
The speakers came from various industry and state bodies Enterprise Ireland, KPMG, Fidelity Investments and Science Foundation Ireland to name a few. Each providing insights on what funding and finance options are available from innovation grants to alternative finance.
Helen Cahill presented the InvoiceFair vision, mission and success story to date, closing a €250m funding gap for impressive SMEs across multiple industries, such as Engineering, Plastics, Manufacturing, MedTech, Pharma, Tech, Education, the list goes on. Helen asked the attendees to “leave behind what they know about funding”, demonstrating how alternative working capital finance can fuel growth, without the constraints of PGs, mandatory credit insurance or a charge over book debts. She later joined a panel of business leaders, academics and public sector agents to be addressed by the engaged audience. There was an engaging discussion on the topic including many questions from the audience.
For InvoiceFair, this was also the debut of our new website which we are confident will continue to attract thriving SMEs in search of a new and innovative funding partner solution to accelerate their ambitious growth strategy.
If you did not get to meet InvoiceFair at this event, we will be attending the upcoming IRDG conference in Kilkenny in October. You can view all our upcoming events here.