News

BeneFactors ltd selected best tech startup in Rwanda!
We are extremely proud and honoured to have been selected the best tech startup in Rwanda by Seedstars World, amongst a group of nine really good startups. We're headed for the African regionals by the end of this year and the global pitch competition in Switzerland in April 2019 - not to mention the incredible journey we're about to embark on with the Seedstars community of global tech leaders and...
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Maximising the Return on Investments already Made: Growth through increased capacity utilisation [2018 post]
*This article appears in an extended form in the Rwandan Banker Magazine August 2018 edition* Supply chain finance (BeneFactors Ltd.'s key product) is a fundamental piece needed to achieve economic growth in the Rwandan context. This is because supply chain finance is a form of working capital, or liquidity, which, when not readily available as is the case in Rwanda, limits the extent to which other resources are utilised, hindering...
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The Many Ways to Use Factoring
Most business owners prefer to receive payments as cash on delivery. Many companies, however, especially SME’s find themselves in a situation where their customers take weeks or even months to process a payment, yet they still have to pay for taxes, employees and honour other contracts. This makes it hard to grow your company when your receivables are stuck somewhere in your clients’ accounts. In Rwanda’s growing economy, business opportunities...
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The Invoice Ageing Report – a powerful tool to assess the health of your business
Business owners everywhere face the issue of clients who delay payments. To some extent that is part of doing business, especially as a small company in a developing country like Rwanda. However, there is a simple tool that managers can use to know who their best and worst clients are, allowing them to avoid the biggest payment headaches and ensuring that they can keep operating. This tool is the Invoice Ageing...
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Boosting Rwandan Companies’ Growth with Factoring [2017 post]
Lack of access to finance, particularly working capital, is an impediment to SME growth in Africa and in Rwanda Small and medium-sized enterprises (SMEs) are key drivers of economic growth and employment everywhere in the world. SMEs need to have access to finance to efficiently manage and grow their business. For example, they usually require credit to bridge the gap between the time at which they would like to be...
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