Financial Technology and the SME Potential

Financial technology has come a long way in the last few years. With innovations from cryptocurrencies to contactless payments, the use of technology to make financial services more efficient is everywhere, and available to everyone, including SMEs. And it is being used to solve age old business problems.

Take working capital. For a long time, SMEs have struggled to maintain cash flow while waiting for debtors to cough up. With materials to buy, staff to pay and costs to cover, this is a huge problem. And in the age of the 60 – 180 day invoice, it is one that is not about to go away any time soon.

Tungsten started out in 2000 as an e-invoicing provider, connecting buyers and suppliers on its network. Over the years, we have learned that one of the major concerns of our suppliers is working capital.

With only a little delving, it is clear that large businesses are concerned about their suppliers’ access to funding as well. They need reliable supply chains, and if one of their suppliers goes out of business due to cash flow problems it is not good news for anyone.

Last year we conducted research into exactly how SMEs are affected by payment terms, and found that more than one in ten (12%) are forced to wait over 90 days to get paid. These extended payment terms are hard to manage from a cash flow perspective.

Banks, unfortunately, are not always the best option for plugging the gap. The loans they can offer are often not suitable for SMEs that prioritise agility and growth. Equally, to large banks, SME financing can mean higher risk. It’s no wonder that ABFA, the industry body for the asset based finance trade, reported last month that the amount of invoice finance received by businesses is up 60% year on year.

Agile financial technology providers can absolutely address this funding shortfall. SMEs do not want to wait to get paid for a job, unable to take on new work or pay their bills. The smartest of them will happily use technology to their advantage.

At Tungsten, we allow businesses to advance cash on outstanding invoices in a simple easy-to-use way. We also provide an online platform for businesses to check on the progress of their invoices, so they know when they have been received and when they’re due to get paid. This frees up time for people to do more valuable tasks, such as drumming up new business.

So what other business processes can FinTech make more efficient? We believe the potential market is significant. We have set up the Tungsten Centre for Intelligent Data Analytics (TCIDA) in partnership with Goldsmiths University to research how artificial intelligence can help businesses analyse how their money is being spent, therefore enabling them to spot cost savings more easily.

Financial technology is enabling businesses to evolve, by freeing up time and money to target growth. The ability to apply agile solutions intelligently is why the FinTech sector is revolutionising not only technology and finance, but business as a whole.

By Prabhat Vira, President of Tungsten Network Finance

Author: Dylan Jones

Share This Post On
ATM Africa


  1. Buying Celebrex From Mexico viagra Levitra 10mg Blog

  2. Get Direct Progesterone Trophigil Online Price cialis online Cheap Prevacid Solutabs

  3. Metformin Achat viagra Prevacid Discount Program

  4. Macrobid Antibiotic Website In Us viagra Glucocorticoids Buy Uk

  5. Cialis Oder Levitra Kaufen viagra Zentel Website With Free Shipping Overseas Pharmacy

  6. Spot on with this write-up, I seriously believe that this site needs far more attention. I’ll probably be returning to read through more, thanks for the info!

  7. I’m really impressed with your writing skills and also with the layout
    on your weblog. Is this a paid theme or did you customize it yourself?
    Anyway keep up the excellent quality writing, it is rare to see a great blog like this
    one nowadays.

  8. Thanks very interesting blog!

  9. It’s actually a nice and helpful piece of info. I’m glad that you simply shared this helpful
    info with us. Please keep us up to date like this. Thank you for sharing.

  10. Whats up this is kinda of off topic but I
    was wondering if blogs use WYSIWYG editors or if you have
    to manually code with HTML. I’m starting a blog soon but have no coding knowledge so
    I wanted to get advice from someone with experience.
    Any help would be enormously appreciated!

  11. Great website. Plenty of helpful info here.
    I am sending it to several friends ans additionally sharing in delicious.

    And of course, thank you for your effort!

  12. After exploring a handful of the articles on your blog,
    I really appreciate your way of writing a blog.

    I added it to my bookmark webpage list and will be checking back in the near future.
    Please visit my website as well and tell me how you feel.

  13. Really no matter if someone doesn’t know after that its up
    to other people that they will assist, so here it occurs.

  14. you’re really a excellent webmaster. The web site loading velocity is amazing.
    It sort of feels that you’re doing any distinctive trick. In addition, The contents are masterpiece.
    you have done a wonderful task in this matter!

  15. Fabulous, what a weblog it is! This web site presents valuable
    facts to us, keep it up.

  16. I’m gone to convey my little brother, that he should also
    go to see this blog on regular basis to take updated from hottest news update.

  17. Spot on with this write-up, I seriously believe this amazing site needs far more attention. I’ll probably be returning to read through more, thanks for the info!

  18. With havin so much written content do you ever run into any problems of plagorism or copyright infringement?

    My site has a lot of completely unique content I’ve either authored myself or outsourced but it seems a
    lot of it is popping it up all over the internet without my
    permission. Do you know any ways to help reduce content from being ripped off?
    I’d really appreciate it.

  19. Viagra Et Bebe cialis Propecia Nioxin Scalp Therapy

  20. If some one desires to be updated with latest technologies afterward he must be
    pay a visit this site and be up to date every day.

  21. I am sure this piece of writing has touched all the internet visitors, its
    really really good piece of writing on building up new blog.

  22. I am regular visitor, how are you everybody? This article posted at this website
    is truly fastidious.

  23. Helpful information. Fortunate me I discovered your website
    by accident, and I’m surprised why this coincidence did not came
    about earlier! I bookmarked it.

  24. This is the perfect webpage for anyone who hopes to understand this topic.
    You understand so much its almost hard to argue with you (not that I actually would want to…HaHa).
    You definitely put a fresh spin on a topic which has been discussed for years.

    Excellent stuff, just wonderful!

  25. Everything is very open with a really clear clarification of the challenges.
    It was definitely informative. Your site is very useful.
    Thank you for sharing!

  26. I pay a visit every day some web pages and blogs to
    read posts, however this webpage gives feature based articles.

  27. My partner and I stumbled over here by a different web address and thought
    I might check things out. I like what I see so now i am following you.
    Look forward to checking out your web page again.

  28. Hi, i think that i noticed you visited my weblog thus i got here to return the desire?.I am trying to in finding issues
    to improve my site!I suppose its adequate to use a few
    of your concepts!!

  29. This article will assist the internet visitors for building up new weblog
    or even a blog from start to end.

  30. This page certainly has all the information and facts I needed about
    this subject and didn’t know who to ask.

  31. I’m gone to convey my little brother, that he
    should also pay a visit this weblog on regular basis to obtain updated from latest gossip.

  32. Wonderful blog! I found it while browsing on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Appreciate it

  33. Great goods from you, man. I have understand your stuff previous to and you are just extremely fantastic.
    I actually like what you’ve acquired here, certainly like what you’re saying and the
    way in which you say it. You make it entertaining and you still care for to keep it smart.
    I cant wait to read much more from you. This
    is really a wonderful site.

  34. I like the valuable information you provide to your articles.
    I will bookmark your blog and test once more here regularly.

    I am slightly certain I’ll be informed a lot of new stuff right here!
    Good luck for the next!

  35. Hey there just wanted to give you a quick heads up.
    The words in your article seem to be running off the screen in Internet explorer.

    I’m not sure if this is a formatting issue or something to do with internet browser compatibility but I thought I’d
    post to let you know. The design look great though!
    Hope you get the issue resolved soon. Kudos

  36. I needed to thank you for this fantastic read!! I certainly enjoyed every
    little bit of it. I have got you saved as a favorite to look at new stuff you

  37. Hello Dear, are you actually visiting this web page on a
    regular basis, if so afterward you will absolutely take fastidious knowledge.

  38. I blog quite often and I really thank you for your information.
    The article has truly peaked my interest. I’m going to take a note of your
    website and keep checking for new details about once
    per week. I opted in for your RSS feed as well.

  39. Thank you, I’ve just been looking for information approximately this topic for ages and yours is the best I have discovered till
    now. But, what in regards to the bottom line? Are
    you certain concerning the source?

  40. Hello i am kavin, its my first time to commenting anyplace, when i read this paragraph i thought i
    could also create comment due to this sensible piece
    of writing.

  41. This page truly has all of the info I wanted concerning
    this subject and didn’t know who to ask.

  42. Hello excellent blog! Does running a blog similar to this take a lot
    of work? I’ve no knowledge of coding but I had been hoping to start my own blog in the near future.
    Anyways, should you have any suggestions or techniques for new blog owners please share.
    I know this is off subject nevertheless I simply
    wanted to ask. Appreciate it!

  43. naturally like your website however you need to test the spelling on several
    of your posts. A number of them are rife with spelling issues and I in finding
    it very troublesome to tell the truth however I will definitely come again again.

  44. Hi, this weekend is pleasant designed for me, for
    the reason that this point in time i am reading
    this enormous educational article here at my residence.

  45. Excellent post however , I was wanting to know if you could write a litte more on this
    topic? I’d be very grateful if you could elaborate a little bit more.
    Many thanks!

  46. Normally I do not learn post on blogs, however I wish
    to say that this write-up very forced me to take a look at and do it!
    Your writing taste has been amazed me. Thanks, quite nice post.

  47. Thank you for some other great article. The place else
    could anybody get that kind of info in such a perfect manner of writing?

    I have a presentation next week, and I’m at the look for such info.

  48. Aw, this was an extremely good post. Taking a few
    minutes and actual effort to make a top notch article… but
    what can I say… I put things off a whole
    lot and never seem to get nearly anything done.

  49. Hello, i think that i saw you visited my web site
    thus i came to “return the favor”.I’m trying to find things to enhance my
    website!I suppose its ok to use a few of your ideas!!

  50. Excellent article. Keep posting such kind of info on your site.

    Im really impressed by it.
    Hey there, You have done an incredible job. I will certainly digg it and personally suggest to my
    friends. I’m sure they will be benefited from this web site.

  51. Informative article, just what I was looking for.

  52. This is a really good tip especially to those new to the blogosphere.
    Simple but very accurate info… Thanks for sharing this one.
    A must read article!

  53. It is perfect time to make some plans for the long run and it is
    time to be happy. I’ve learn this submit and if I may just I desire to counsel you some
    interesting issues or tips. Perhaps you can write next articles relating
    to this article. I wish to learn more issues approximately it!

  54. Do you have any video of that? I’d care to find
    out some additional information.

  55. Why viewers still make use of to read news papers when in this technological globe
    the whole thing is available on web?

  56. Howdy just wanted to give you a quick heads
    up. The text in your article seem to be running off the screen in Firefox.
    I’m not sure if this is a format issue or something to
    do with internet browser compatibility but I thought I’d
    post to let you know. The design look great though!
    Hope you get the problem resolved soon. Kudos

  57. Greetings! Very helpful advice in this particular post! It’s the little changes which will make the biggest changes.
    Thanks for sharing!

  58. Quality content is the key to invite the people to
    go to see the website, that’s what this site is providing.

  59. It’s amazing for me to have a site, which is good in favor of my know-how.

    thanks admin

  60. After I initially commented I appear to have clicked the
    -Notify me when new comments are added- checkbox and now every time a comment is
    added I recieve 4 emails with the same comment.

    There has to be a way you are able to remove me from that service?
    Thank you!

  61. For most recent information you have to pay a quick visit web and on world-wide-web I found this web site as a most excellent site for latest updates.

  62. Hello, I check your new stuff on a regular basis. Your writing
    style is awesome, keep doing what you’re doing!

  63. great issues altogether, you simply received a new reader.
    What might you suggest in regards to your put up that you simply made a few days in the past?
    Any sure?

  64. Very good blog! Do you have any suggestions for aspiring writers?

    I’m planning to start my own site soon but I’m a little lost on everything.
    Would you suggest starting with a free platform like
    Wordpress or go for a paid option? There are so many
    options out there that I’m completely confused .. Any suggestions?

  65. I do not even know how I ended up here, but I thought this post was good.

    I don’t know who you are but certainly you are going
    to a famous blogger if you are not already 😉 Cheers!

  66. Magnificent site. Plenty of useful info here.

    I’m sending it to some pals ans additionally sharing in delicious.
    And naturally, thank you in your effort!

  67. Thanks a lot for sharing this with all of us you actually realize what you’re speaking approximately!
    Bookmarked. Please also discuss with my web site =). We could have
    a hyperlink alternate contract between us

  68. Helpful information. Fortunate me I discovered your website
    accidentally, and I am shocked why this twist of fate didn’t happened in advance!
    I bookmarked it.

  69. Just want to say your article is as astounding. The clarity for your publish is
    simply spectacular and that i can think you’re a professional on this subject.
    Fine together with your permission let me to grab your RSS feed
    to stay updated with forthcoming post. Thank you a million and please keep
    up the rewarding work.

  70. I know this if off topic but I’m looking into starting my own weblog and
    was wondering what all is required to get setup?
    I’m assuming having a blog like yours would cost a pretty penny?
    I’m not very web smart so I’m not 100% certain. Any
    tips or advice would be greatly appreciated.
    Appreciate it

  71. Hmm is anyone else having problems with the images on this blog loading?
    I’m trying to find out if its a problem on my end or if
    it’s the blog. Any feedback would be greatly appreciated.

  72. Hello there! This blog post could not be written any better!
    Going through this article reminds me of my previous roommate!
    He always kept talking about this. I’ll forward this post to him.
    Pretty sure he’ll have a very good read. Thanks for sharing!

  73. Hi! Someone in my Facebook group shared this website with us so
    I came to check it out. I’m definitely loving the information.
    I’m book-marking and will be tweeting this to my followers!
    Outstanding blog and amazing design.

  74. This is the perfect web site for everyone who wants to find out about this topic.
    You know a whole lot its almost hard to argue with you
    (not that I actually will need to…HaHa). You definitely put a new spin on a
    topic which has been written about for decades.
    Great stuff, just great!

  75. hey there and thank you for your information – I have certainly picked up anything new
    from right here. I did however expertise several technical points using this website,
    as I experienced to reload the site many times previous to I
    could get it to load properly. I had been wondering if your web hosting is OK?
    Not that I’m complaining, but sluggish loading instances
    times will often affect your placement in google and can damage your high quality score if advertising and marketing with Adwords.
    Anyway I am adding this RSS to my email and could look out for much more of
    your respective exciting content. Make sure you update this again very soon.

  76. Very good article. I am experiencing many
    of these issues as well..

  77. obviously like your web site but you need to test the spelling on several of your posts.
    Several of them are rife with spelling problems and I to find it very bothersome to inform the truth however I will surely come again again.

  78. Hello to every body, it’s my first pay a quick visit of this website;
    this weblog contains awesome and in fact excellent stuff designed for readers.

  79. It’s truly very difficult in this active life to listen news on TV, therefore I
    only use web for that reason, and obtain the hottest news.

  80. Very descriptive blog, I enjoyed that a lot. Will there be a part 2?

  81. Hi there I am so grateful I found your web site, I really
    found you by error, while I was researching on Aol for something else,
    Nonetheless I am here now and would just like to say many thanks for a
    marvelous post and a all round interesting blog (I also love the theme/design), I don’t
    have time to go through it all at the minute but I have saved it and also added
    in your RSS feeds, so when I have time I will be back to read a
    great deal more, Please do keep up the excellent b.

  82. I all the time emailed this website post page to all my contacts, for the reason that if
    like to read it then my contacts will too.

  83. Hey! This post couldn’t be written any better! Reading this post reminds me of
    my good old room mate! He always kept talking about this.

    I will forward this write-up to him. Pretty sure he will have a good read.
    Thanks for sharing!

  84. This paragraph is actually a pleasant one
    it assists new web users, who are wishing in favor of blogging.

  85. If you are going for finest contents like I do, simply visit
    this web site every day because it gives feature contents, thanks

  86. Wonderful items from you, man. I have be
    mindful your stuff previous to and you are simply extremely
    magnificent. I really like what you have got right here, certainly like what you’re saying
    and the way by which you say it. You are making it entertaining and you continue to care for to stay it sensible.
    I cant wait to read far more from you. This is really a great web site.

  87. Hi, Neat post. There is an issue with your site in internet
    explorer, could check this? IE nonetheless is the marketplace leader
    and a large section of people will omit your great writing due to this problem.

  88. Hello I am so delighted I found your blog, I really found you
    by error, while I was looking on Yahoo for something else,
    Anyhow I am here now and would just like to say many thanks for a incredible post and a all round exciting blog (I also love the theme/design), I don’t
    have time to read it all at the moment but I have saved it
    and also added in your RSS feeds, so when I have time I will
    be back to read much more, Please do keep up the superb job.

  89. I’m extremely impressed with your writing skills as well as with the layout on your weblog.

    Is this a paid theme or did you customize it yourself?
    Anyway keep up the nice quality writing, it is rare to see a nice blog like
    this one today.

  90. Quality articles is the main to be a focus for the visitors to
    visit the web site, that’s what this website is providing.

  91. Do you have a spam issue on this blog; I also am a blogger,
    and I was curious about your situation; many of us have developed some nice procedures and we are looking to swap solutions with other folks, be sure to shoot me an email if interested.

  92. We are a group of volunteers and starting a brand new
    scheme in our community. Your web site provided us with
    useful info to work on. You have performed an impressive
    process and our entire neighborhood can be grateful
    to you.

  93. Simply desire to say your article is as astonishing.
    The clarity in your post is simply great
    and i could assume you are an expert on this subject. Well with your permission let
    me to grab your RSS feed to keep up to date with forthcoming post.

    Thanks a million and please carry on the rewarding work.

  94. What’s up, constantly i used to check website posts here
    early in the break of day, because i love to gain knowledge of
    more and more.

  95. Everyone loves what you guys are up too. This
    kind of clever work and coverage! Keep up the amazing
    works guys I’ve incorporated you guys to my blogroll.

  96. I am not sure where you are getting your information, but good topic.
    I needs to spend some time learning more or understanding more.

    Thanks for fantastic info I was looking for this info for my mission.

  97. Your style is very unique compared to other people I’ve read
    stuff from. Thank you for posting when you have the opportunity,
    Guess I’ll just bookmark this web site.

  98. I every time spent my half an hour to read this blog’s
    articles or reviews daily along with a cup of

  99. Howdy would you mind sharing which blog platform you’re working with?
    I’m looking to start my own blog in the near future but I’m having a
    tough time making a decision between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different
    then most blogs and I’m looking for something unique.
    P.S My apologies for getting off-topic but I had to ask!

  100. An impressive share! I’ve just forwarded this onto a
    co-worker who had been conducting a little research on this.

    And he in fact ordered me dinner due to the fact that I found
    it for him… lol. So let me reword this…. Thank YOU for the meal!!
    But yeah, thanx for spending some time to discuss this subject here on your web page.

  101. I’ve been surfing online more than 2 hours today,
    yet I never found any interesting article like yours.
    It is pretty worth enough for me. In my opinion, if all webmasters and bloggers made good content as you did, the internet will be a lot more useful than ever before.

Submit a Comment

Your email address will not be published.