Background
With over 20 years of experience, the company specialises in developing software for the online gaming sector. As the business continued to grow, particularly in the lucrative US market, it faced potential cash flow challenges that could hinder its ability to embrace new overseas projects.
Challenge
The primary challenge was managing cash flow effectively while pursuing new international opportunities. The company needed a solution that would allow it to maintain day-to-day operations without compromising its growth potential in overseas markets.
Solution
Newable Commerce provided a £300,000 Flexible Exporter Term facility, designed to meet the company’s unique needs. This facility allowed for multiple drawdowns and the option of early settlements, offering the business a robust cashflow solution. This flexibility enabled the company to focus on its growth initiatives without the constant worry of cashflow constraints.
Outcome
For nearly two years, the facility has proven to be a valuable asset for the client, supporting a successful period of growth in overseas income. The company has expanded its workforce to over 40 employees, and the financial support from Newable Commerce has facilitated further employment opportunities, contributing to the local economy.
How Newable Commerce Can Help
Newable Commerce aims to simplify international trade for the UK’s roughly 300,000 exporting SMEs.
“Simplifying international trade” is the core principle that guides everything we do at Newable Commerce. We’re not just tackling current problems; we’re completely rethinking what trade finance means. Our goal is to fundamentally change how customers think about trade finance, proving that it can be simple and efficient, setting a new benchmark for the industry.
Newable Commerce exists to simplify international trade for SMEs. We do this through a range of products and services that enable businesses to move and manage funds internationally and optimise cash flow through our working capital debt products.
