Simple Finance offers a technology platform that provides tailored financial products, including bank guarantees, tender loans, and commercial mortgages, specifically designed for small and medium-sized businesses in Russia. The platform streamlines access to financing, significantly reducing the time and complexity involved in securing funding for government and commercial procurement processes.
Funding
$15M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SGFounders
Product
Problem
Small and medium-sized businesses (SMBs) in Russia face challenges in accessing tailored financial products for government and commercial procurement processes. Securing funding through traditional channels can be time-consuming and complex.
Solution
Simple Finance offers a technology platform designed to streamline access to financial products for SMBs in Russia. The platform provides tailored solutions, including bank guarantees, tender loans, and financing for fulfilling contract obligations. By simplifying the application and approval process, Simple Finance reduces the time and complexity typically associated with securing funding for participation in government and commercial procurement. The platform aims to provide a one-stop shop for SMBs seeking financial support to grow their business.
Target Audience
The primary target audience is small and medium-sized businesses (SMBs) in Russia participating in government and commercial procurement, as well as suppliers of marketplaces.
Features
- Online platform for submitting and managing financing requests.
- Tailored financial products including bank guarantees and tender loans.
- Streamlined document preparation and decision-making processes.
- Personalized approach to match business needs with optimal financial solutions.
- Products for suppliers of marketplaces.