Benefactors CEO and Founder Olivia Zank has now been featured twice on CNBC Africa! She discusses how factoring can ease access to finance for SMEs. Factoring helps businesses to continue to grow in a market where cash flow problems are common. By providing an advance on overdue invoices, factoring enables SMEs to access funds when they are needed, so business can carry on. You can see the full two interviews at the following links:

We are extremely proud and honoured to have been selected the best tech startup in Rwanda by Seedstars World, amongst a group of nine really good startups. We're headed for the African regionals by the end of this year and the global pitch competition in Switzerland in April 2019 - not to mention the incredible journey we're about to embark on with the Seedstars community of global tech leaders and innovators across the world.

Supply chain finance (BeneFactors Ltd.'s key product) is a fundamental piece needed to achieve economic growth in the Rwandan context. This is because supply chain finance is a form of working capital, or liquidity, which, when not readily available as is the case in Rwanda, limits the extent to which other resources are utilised, hindering overall growth. This article sets out a number of strategies that companies may use to acquire working capital, analyses their viability for the average Rwandan firm and suggests ways to deploy them to boost growth. 

Most business owners prefer to receive payments as cash on delivery. Many companies, however, especially SME’s find themselves in a situation where their customers take weeks or even months to process a payment, yet they still have to pay for taxes, employees and honour other contracts. This makes it hard to grow your company when your receivables are stuck somewhere in your clients’ accounts.

Business owners everywhere face the issue of clients who delay payments. To some extent that is part of doing business, especially as a small company in a developing country like Rwanda. However, there is a simple tool that managers can use to know who their best and worst clients are, allowing them to avoid the biggest payment headaches and ensuring that they can keep operating. This tool is the Invoice Ageing Report.