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July 8, 2023
MENA eCommerce Unleashed: Strategies for Profitability and Growth
The "Unlocking Financial Success in eCommerce" webinar took place on Wednesday, July 5, 2023, from 3:00 PM to 4:00 PM. Renowned industry experts Deepak Sekar and Darya Tkachenko presented their expert insights and strategies on achieving maximized profitability and rapid growth in the Middle East and North Africa (MENA) eCommerce market. The one-hour session catered to both new and established eCommerce entrepreneurs, offering them the tools and strategies to thrive in the intensely competitive online marketplace. Topics covered included financial management, increased profitability, accelerated growth, and various eCommerce strategies. Attendees benefited from practical tips and insights that can potentially transform their business performance and position them for greater success in the eCommerce landscape. This event was an invaluable opportunity for learning from the industry's top experts under the eFunder.ai platform.
March 9, 2023
eFunder.ai Insights Episode 2: Meet the Founders!
In the second episode of eFunder’s podcast, the CEO and Co-founders discussed eFunder’s background, goals, value proposition, and future plans. The company aims to provide unique value propositions to its clients and plans to expand internationally while investing in the revenue of SMEs. They also plan to evolve their tech platform to be more automated and scalable. The founders describe their journey as inspiring and advise new entrepreneurs to start with a prototype, get a team, and manage their time efficiently. The founders of eFunder.ai include Mr. Deepak, CEO & Founder, who has 14 years of experience in investment banking and observed a lack of financing options for small and medium merchants in the e-commerce industry. [LinkedIn Profile] Mr. Dhanush, also a Co-founder, started in accounting and audit, banking, investment and private equity, and observed supply chain finance as a major theme. According to Mr. Dhanush by plugging into larger ecosystems, the suppliers can be benefitted instantly. [LinkedIn Profile] Mr. Sidharth, Head of Production Development, has over 12 years of experience in digital product management and is currently handling operations. [LinkedIn Profile] eFunder's goal is to become a standard across banks, enabling transformation and paving the way for how SME financing is done. The company plans to automate the entire cycle while monitoring on a real-time basis and building appropriate credit decisions. They aim to invest in SMEs revenue and boost their growth while unlocking the ways in which they want to do business. The company plans to expand internationally and in different product categories while offering a full 360-degree ecosystem to understand customers' businesses holistically in a more efficient manner. In conclusion, eFunder.ai is a promising company that aims to provide accessible financing options for small and medium-sized businesses in the e-commerce industry. The company’s focus on leveraging technology to streamline the financing process, is indicative of its strong commitment to the future.
January 17, 2023
eFunder.ai Insights Episode 1: 2023 Outlook for SMEs
A web series introduced to help SMEs navigate the changing world environment and help them grow their business. In Conversation with Mr. Charbel Merhej – Data Scientist at eFunder.ai - Risk Management and Analysis by our host, Mr. Ronald Michael, Business Development Manager. Understanding the eCommerce Industry in UAE and the growth in 2023! eCommerce industry in UAE have gown pretty fast. It’s been observed that the markets have been more resilient in 2023, especially for the e-commerce industry in UAE. The current GDP of UAE stands at 5% and there is an expected growth of 4.2% in fiscal 2023. The Government is also playing a major role by supporting and offering investments to entrepreneurs and business owners. The UAE government has been working to offer various platforms and introducing initiatives to help MSMEs further scale up their business to newer heights. What Risk Analysis mean for SME! By Definition, SME Risk means the chance for SME to get hit financially due to any unexpected events. Risk analysis provides SMEs with a comprehensive information on how well they can handle unprecedented situation, how well the SME is financially positioned, how sustainable is the business, understanding the financial future, how well the SME can repay their debt and what are the cash flows among others. Why it is important for the Business owners to be aware about risk analysis! It is an imperative stance, where business owners/entrepreneurs should be aware about the financial definition of their business. What is the capacity of debt the business can handle and how well the unfortunate situation can be managed. Risk Analysis can also help SMEs to stir clear of the regulatory and compliance issues. This may also help them in getting easy and quick financing. Risk Analysis plays a big role for SMEs as the idea is very simple – “The better you manage your risk, the easier it is to get financing”. Key things which SMEs needs to be prepared from risk perspective in 2023? Certain situations, which are not in our control, can be the cause of recession, however how it will hit is still unknown. Hence in such scenarios Diversification is key! Be it about sourcing raw material or investing or financing. UAE government is also willing to increase the Global trade, in next 5 to 10 years. If it fructifies, it will be a win-win situation. It’s always better to have more options and diversify the revenue. Inflation concerns! Since the inflation is so high, the banks and other financial institutions are also being picky in choosing the businesses for funding which could stand as a major challenge for eCommerce business. This could lead to higher employee cost, logistics cost etc. which will have a roll over effect on the cash flows. It is essential for SMEs to consider all these concerns into consideration. How SMEs can face the challenging times! SMEs should try to limit the damage, evaluate the financial health, optimize cash flows, avoid overstocking, optimize sales strategy, diversify funding and financing and take eFunder’s help! Adjusting according to the industry trend will also be useful. Comparative analysis and data analysis will also play a big role in analyzing the market trends . Enhanced customer service is another important aspect, that should be considered by SMEs. How eFunder.ai helps eCommerce business and what risk assessment is done, and why SMEs should use eFunder.ai services. eFunder.ai helps SMEs with detailed risk analysis on various parameters. This end-to-end and comprehensive assessment is performed on each merchant. Sales parameters are considered, operational parameters, eFunder.ai parameters (like profiling, history, and how well the SME is performing and impact, and trends and growth performance) are analyzed to understand the financial position of the SME. eFunder’s main goal is to provide the merchant with the faster access to the capital.Time is big advantage and Rates are friendlier as compared to other financial institutions. eFunder’s secure digital financing platform takes full control of the receivables and helps boosts the business growth. eFunder.ai provides capital exactly when you need it. Here’s why eFunder.ai is the best when you are considering your financing needs. eFunder.ai – Your Financial partner for growth!
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