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Podcast: How to Lend Money to Strangers
Episode: Seamless working capital finance, with Alek Koenig (Settle)
Description: A lender will always want to know as much as possible about a business’ health before extending credit. That’s not changed, but until recently the only data that could help in that regard was slow and expensive to produce. And in turn, SME loan application processes were slow and expensive to complete. To make matters worse, these slow and expensively-produced numbers are seldom fit for purpose, even the old faithful financial reports are only a summary of what was actually happening, not a deep dive into the business mechanics.This is maybe why some entrepreneurs, like Alek...