With reports that venture capital funding for European technology start-ups fell by a third in Q3 2016, and that crowdfunding in the UK has decreased by approximately 20%, what are the alternatives for businesses seeking funding? In a Real Business article entitled “Venture capital funding in a cold climate”, invoice finance is highlighted as a valuable alternative form of funding, and identifies Satago as an example of a key provider of SME invoice finance in the market. The article explains the importance of invoice finance, and states: “It is often forgotten by many start-ups, but a company’s customers are the best source of funding in the long-term. Focusing on revenue and customers early in a company’s life is vital.”
Satago’s invoice financing is cited alongside other venture capital funding alternatives such as debt finance, R&D tax credits, government grants, and angel investment.
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