SMEO provides online factoring services that allow micro, small, and medium businesses to convert their invoices into immediate cash, with funds available in as little as five minutes. This service addresses cash flow challenges by enabling businesses to access working capital without waiting for customer payments, thus improving their financial liquidity.
Funding
$6.6M 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.
Founders
Product
Problem
Micro, small, and medium-sized businesses often face cash flow challenges due to delayed payments from customers, hindering their ability to cover immediate operational expenses and pursue growth opportunities. Traditional financing options can be difficult to access for these businesses, requiring lengthy application processes and extensive collateral.
Solution
SMEO provides online factoring services that enable businesses to convert their outstanding invoices into immediate working capital. Businesses can upload invoices and receive funds in as little as 24 hours, improving liquidity without waiting for customer payments. SMEO offers a range of financial products, including online factoring and term loans, tailored to the specific needs of small and medium-sized enterprises. The platform features a fully online application process and aims to provide quick access to funds, helping businesses manage their cash flow effectively and invest in growth.
Target Audience
SMEO primarily targets micro, small, and medium-sized businesses (SMEs) across various sectors, including transport, trade, construction, and creative industries, that require immediate access to working capital.
Features
- Online factoring service providing up to 5,000,000 zł in financing
- Term loans up to 200,000 zł for various business purposes
- Fully online application process with quick approval times
- Funds available within 24 hours of approval
- Dedicated online platform (SMEO24) for managing invoices and tracking payments
- Flexible financing terms ranging from 4 to 90 days for factoring
- Term loan repayment schedules from 3 to 12 months