FACTS (AFRICA)

Making working capital easy

Overview

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Nairobi, Kenya
Kenya, Tanzania, United Republic of, Uganda
Financial services

FACTS supports fast growing SMEs in East Africa with direly needed working capital.

We are presently raising € 250.000 on Symbid.

Please check us out on : https://lnkd.in/gqc7YpB   ….  and join us  to provide Supply Chain Finance to 300 entrepreneurs in 30 months. 

Who we are

FACTS is an independent FinTech company that is active in East Africa. We provide short term working capital (30-90 days) to established small businesses (“SMEs’) on the basis of completed trade transactions. What we do is similar to traditional factoring or receivables financing, but we call it Supply Chain Finance (SCF).

FACTS clients are SME’s in the fast growing economies of Kenya, Uganda and Tanzania. Most of them are active in the Food & Agriculture and Healthcare value chains, but we also service businesses in the Manufacturing and Tourism sectors.
What we do
SMEs like to work with us because they generally do not have sufficient ‘access to finance’ – something that they sorely need to grow their businesses.  FACTS analyses cash flow and trade cycles; we base our credit decisions on the underlying business transactions. We record and monitor what happened throughout value chains. It is something that we specialise in, and we utilise state-of-the art technology.
This means that FACTS can also work with smaller companies that do not have hard assets (land, buildings) to pledge as security.
  
Supporting SMEs
As such we score high on impact.  By helping our clients (many of which are food processors) to grow, they will include increasingly more farmers/suppliers to secure procurement and fuel their commercial expansion.  FACTS stimulates BoP development – by focusing on those enterprises that buy from smallholders. 
In other words, we strongly believe in a market driven economic PULL effect.  SCF technology allows us to scale-up our lending operations fast, and we are able to deal with large volumes of relative small receivables. We have the first mover advantage in breaking open an SME finance market that is truly enormous.

FACTS (AFRICA)

FACTS (AFRICA)

Activity