Good for the Money
Funding built on what’s true today.
Live data. Verified invoices. Right terms.
Changing the way trade finance works
GFTM is a fintech firm looking to change the way that receivables are funded. At £290bn, trade credit for SMEs is the single biggest source of funding.
But the methods for providing this funding have hardly changed in decades. Reliance on out of date data from Companies House to calculate funding levels, an adversarial approach to lending and a blinkered view to who should receive funding have held back growth.
We look to change this outlook, looking at each transaction on it own merits, using all available data and trade credit insurance. If a receivable can be funded then it should be.
We are determined to change the way trade is funded, be it the flexibility to insure and fund single invoices, or working with new legislation to ensure that late payers pay their fair share of lending costs.
We believe funding should be flexible, no whole turnover policies for funding or insurance, just what is required.
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Our beliefs
Credit should run on live data. Credit agencies rely on historic filings; we use ledgers, payment history and customer confirmation to see a business as it is today.
Funding should be collaborative, not adversarial. When a business, its customer and its funder share information openly, the funder can safely lend more and the business receives more, at a fair cost. Openness should be rewarded, not penalised. That is how everyone in the chain does better.
Trade credit insurance is under-used by smaller businesses. It is one of the best ways to manage the risk of non-payment, but it was built for large companies. We believe its protection should reach the businesses that need it most.
For Funders
A virtuous circle
Better data makes funding safer. Safer funding attracts more capital. More capital means more lending, at a lower cost.
Traditional lending runs the other way. Out-of-date information makes every decision uncertain, so lenders protect themselves. They ask for more security, charge higher prices and lend less. Good businesses pay for that uncertainty, or go without.
We’ve built GFTM to turn that around.
We start with better data: live information and customer-confirmed invoices, not last year’s accounts. That makes our lending safer, with fewer surprises and problems spotted early. Safer, more transparent lending is more attractive to investors, which lowers our cost of capital. Combined with automation, that lowers costs for the businesses we fund. Lower costs and greater confidence let us lend more, to more businesses. Every invoice we fund improves our data, and the circle turns again.