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Teva

Teva's digital platform provides quick access to working capital for micro and small businesses by selling invoices to investors.By selling invoices to investors, our solution offers a host of compelling advantages: seamless online registration, transparent rates and fees, simplified KYC requirements, debtor solvency focus, prompt notifications within 48 hours, and an enhanced user experience.

About This Startup

Brief overview of the unique value proposition or idea.

Teva's digital platform provides quick access to working capital for micro and small businesses by selling invoices to investors.By selling invoices to investors, our solution offers a host of compelling advantages: seamless online registration, transparent rates and fees, simplified KYC requirements, debtor solvency focus, prompt notifications within 48 hours, and an enhanced user experience.

Problem solving and market potential.

Micro and small enterprises in the region lack a digital solution that fulfills their financing needs, resulting in frequent liquidation. The Balkans witness numerous companies struggling due to insufficient market financing, lack of liquidity for operational expenses, and delayed invoice issuance. Around 10% of Balkan businesses face growth hindrances due to financing obstacles. Existing solutions fail to prioritize user convenience, offering a slow submission process and high commission rates. Our aim is to address this problem through a user-centric digital platform that enables customers to sell invoices swiftly and obtain the necessary liquidity to sustain and profit from their businesses. We believe technology can streamline their day-to-day operations and efficiently resolve collection issues within 48 hours.

Team's industry experience and expertise.

Eva and Teodora, founders of this company, have extensive fin-tech experience from their work at a YCombinator-backed Mexican Digital Bank. Eva specializes in Product Development, while Teodora excels in Marketing and Business Operations. Their complementary skills make them the ideal team to build this startup.

Received investment, current revenue or other tracking metrics.

200k from FITR

Phase of investment.

Pre-seed

Amount of wanted investment.

€500K

E-mail

teva.join@gmail.com

Phone number

38971297294

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