The Melbourne invoice finance marketplace Timelio, which is backed by Alex Waislitz’s Thorney Investment Group, is set up for a capital raising next year after striking a supply chain finance (SCF) partnership with the residential and commercial builder Icon.
Why subcontractors fail in the construction industry
Cash flow is king in any business, and it’s no different for subcontractors. It comes as no surprise then that the most common reason that subcontracting businesses fail is that they run out of cash. This happens most often because, while they’re good builders, some contractors are not good at running a small business, and can often leave the financial side of operations unattended. Add to this the expectation that most subcontractors are expected to float a project’s costs and you have a recipe for disaster. I’ve looked at this and the other main reasons subcontractors have traditionally failed.
An investor’s perspective on Timelio
As an SME, accessing short-term or flexible finance options can be a struggle. Banks can make getting finance almost impossible with rigorous terms and length of time to process, private lenders can cost a fortune in interest, while credit cards can lead to masses of debt and exacerbate the problem. These can be particularly difficult for those SME’s who rely on business with large corporate clients who are often dictating the payment terms.
Following the success of last year’s EY fintech census, we are pleased to review their latest research and insights into this rapidly changing industry. The report, produced in conjunction with Fintech Australia, gives a detailed look at the state of the Australian fintech landscape, identifying key areas in which Australia is excelling, as well as those areas that require our collective attention.
The University of Cambridge Judge Business School have recently released their 2nd industry report on the state of the Asia Pacific Fintech market.
It's hard to believe that I've been working at Timelio for 3 months now. It only feels like yesterday that I was nervously awaiting my first day of work, and worrying about whether I would be able fit in and adapt to working at a FinTech startup. Luckily I've quickly adapted to working with the Timelio team, and have been welcomed into the company with open arms.
Xerocon is a huge opportunity for anyone who attends, especially if you’re an exhibitor. Here’s how we went about creating our most ambitious promotion to date.
Having worked closely with importers for many years, I have observed seven key areas that importers need to get right. The key to success is minimising the risk in each area.
This week EY released their Fintech Adoption Index for 2017, and Australia has ranked fifth globally in fintech adoption rates. The fintech sector has gained significant market traction, reaching the milestone of 'early adopter', a clear sign that fintech has a bright future.
My names' Kate and I recently joined Timelio in the Operations team, working with Tom and Sarah. It’s quite strange to be working in the city because I’ve previously been living and working in country Victoria. From my previous work on an RAAF Base, it’s completely different working on Level 39, 55 Collins Street, and I'm enjoying the great views from all around the building.