TRADITIONAL FINANCING A MISFIT FOR DYNAMIC GARMENT SMES: EXPERT
November 1st, 2016
SLOW and cumbersome traditional financing does not fit the needs of dynamic, small-and-medium-sized enterprises (SMEs) in today’s fast fashion-driven garment industry, the CEO of London-based finance company iwoca, Christoph Rieche told just-style.com.
Rather, the trend is more towards simplified trade financing, he said. “[We offer for example] one type of credit facility that gives control to the business owner instead of offering hundreds of different products with complex structures, allowing businesses to draw down instantly as they need the funds, ...
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