TP24 is a B2B asset-backed lender that provides working capital facilities specifically designed for SMEs and Mid Cap companies, utilizing a streamlined asset evaluation process to determine creditworthiness. This approach addresses the challenge of limited access to flexible financing options, enabling businesses to maintain liquidity and support growth initiatives.
Funding
$1M 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
SMEs and Mid Cap companies often face challenges in securing working capital due to traditional lenders' rigid creditworthiness assessments. Limited access to flexible financing options can hinder their ability to maintain liquidity and pursue growth opportunities.
Solution
TP24 is a B2B asset-backed lender that provides working capital facilities tailored for SMEs and Mid Cap companies. TP24 utilizes a streamlined asset evaluation process to determine creditworthiness, offering a more flexible approach compared to traditional methods. This enables businesses to unlock the value of their assets and access the necessary capital to manage day-to-day operations and invest in expansion. By focusing on asset-backed lending, TP24 provides a viable alternative for companies that may not qualify for conventional financing.
Target Audience
TP24 primarily serves SMEs and Mid Cap companies seeking alternative financing solutions to support their working capital requirements.
Features
- Asset-backed lending facilities designed for SMEs and Mid Cap companies
- Streamlined asset evaluation process for determining creditworthiness
- Flexible financing options to support working capital needs