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.

Both buyers and suppliers benefit, which strengthens the relationship between them.

Team

Jakub Wrede

Jakub Wrede

CEO
15 years of experience in corporate banking. Recently, Director of the Trade Finance Department at ING Bank and leader of many innovative projects.
Edyta Musielak

Edyta Musielak

Sales Director
15 years of experience in the field of commerce. Recently Sales Director at Aleo - ING Bank's purchasing platform.
Kamil Pachuta

Kamil Pachuta

IT Director
15 years of experience in banking and IT services. He worked for Bank BPH, ING Bank, DNB Bank Polska in the development of IT products and systems.