The Cashy idea
While working for one of the top Polish banks we had many opportunities to talk with large and medium size companies about their current situation. Quite often they were in good financial standing and created positive cash flow.
Nowadays the situation is even more evident. Companies don't invest due to market uncertainty. According to the Polish National Bank they have accumulated almost EUR 100 billion on their accounts. However low interest rates and inflation mean that this money does not work effectively.
On the other hand, their small or micro-size suppliers are in a completely different situation. Half of them faces regular financial problems, mostly due to long payment terms and overdue invoices. Due to the stricter risk policies introduced by the banks, SMEs have limited access to standard financing offer. Thus, they are often forced to use expensive financing, such as micro-factoring,
Cashy can be the solution. Thanks to our platform smaller suppliers gain access to fast & flexible financing in a competitive price. At the same time large companies are generating additional revenue without risk by paying their supplier's undisputed invoices earlier. It's a win — win situation.