Having enough capital in reserve is essential to guarantee growth for your business. But with growing costs all over the world and mounting taxes, many business owners, simply cannot save the required amount. AssetStream, a Blockchain-based microfinancing platform aims to provide people like this with the necessary capital, required for future enterprise growth.
Why should you choose AssetStream?
AssetStream aims to turn the capital raising process for the business into an enjoyable experience.
Very often do we see months-long funding campaigns, where business owners have to travel around the country looking for investors, wasting priceless time and resources on something that can be solved relatively easily.
Although AssetStream’s main product is their lending platform, they also focus on delivering a needed platform for the unbanked or underbanked population of the ASEAN region. Thanks to this initiative, it’s clear to see that AssetStream focuses more on solving issues than focusing purely on profit.
The business model revolves around:
- Providing modern standards for unbanked individuals
- Offering fair lending and borrowing options for SMEs
- Integrating the blockchain in the microfinancing industry
As the company likes to say “microfinancing with a heart”.
No more searching!
The automated matching process is arguably the most significant advantage of AssetStream. Neither a lender nor the borrower need to waste precious time searching through the available options. The platform can match the criteria of the two parties within seconds.
This can be done manually as well.
How to get your first round of funding
Not every startup requires millions in funding. Unfortunately, small loans are very hard to come across. Even if you do, it’s highly unlikely that it is user-oriented. They’re plagued with long waiting hours, fees and large interest rates.
Not to mention, conventional methods of finding investors lead to business owners having to sell parts of their company. This is a way for the investor to receive collateral. If the company goes sideways, the owner loses control as the investor may start looking to sell his share.
Don’t sell your startup before even starting
James Martin is an entrepreneur who appeared on a popular TV show called Shark Tank, where entrepreneurs pitch their startups to popular investors such as Mark Cuban or Bill O’Reilly.
James had a startup that sold wine in glass-sized packages. Cuban took an interest and offered $600.000 for 30% of the company. James promptly refused and left the show. Many thought his company would fail, but in reality, it flourished.
James was even quoted to have said: “If I had taken Cuban’s offer I’d probably be selling the company right now”. Thanks to the refusal, James managed to grow his startup into a multi-million dollar company, that still operates today.
This story teaches us that, you don’t have to sell your company before even starting to build it, there are better alternatives such as AssetStream, which is just a platform between the lender and borrower.
The two parties agree that the lender will provide needed funds, while the borrower will return it before the deadline with added interest. No company shares will be sold and the borrower will remain the sole owner of his startup.
How will you grow your business?
Are you in the process of searching for capital to grow your business? You may have considered pitching your idea to some investors, but as you can see, it may lead to you losing control of your company.
AssetStream is able to provide the needed funding without you having to forfeit even 1% of your startup. Take the opportunity to grow your business right now, raise enough capital with the help of AssetStream’s user-friendly lending platform!
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