The number one aim of small businesses is to become profitable, and quickly. By nature, a small enterprise will have seasonal ups and downs and a cash cycle dictated by factors beyond their control, so ensuring they have enough cash to hand is critical. Profitable companies might see their cash reserves affected if they are moving too fast, and stagnating companies might find an unexpected liquidity issue unsurmountable.
Brazilian Guga Stocco is an advisor and board member of companies like B3, the biggest stock market in the world. He co-founded Domo Invest, a fund that raised R$ 100 million for investments in Internet and Fintech. Guga was also responsible for the creation of the first fully digital bank in Brazil with more than 300,000 clients and projects such as online bank account opening and open banking platform, allowing fintechs to access APIs easily and explore Brazilian Market.
As the fourth part of our SME Finance Forum interview series, we asked Guga about the key initiatives in the digital transformation taking place in Brazil, and how banks or financial institutions can take advantage of this opportunity.
Lav Odorovic is the co-founder and CEO of Penta. Odorovic is a serial entrepreneur, having set up and exited his first startup by the tender age of 21. After working several corporate jobs, he, together with several entrepreneurial friends, launched Penta, a Berlin-based neobank, offering banking services to early-stage technology companies.
As the last part of our SME Finance Forum interview series, we wanted to talk not only to banks to understand their views on innovation, but with Fintechs as well. As Europe enters into a world of open APIs, many startups are looking to seize the opportunity. Penta neobank is one of them, offering a new type of business banking services. We wanted to understand their journey, vision and future business goals.
Balazs Topor is SME Product & Segment leader at Raiffeisen Bank. He has more than 15 years’ experience in SME banking and in-depth expertise in customer value creation, segment differentiation and product design.
Continuing with the SME Finance Forum Interview series, we want to address another underserved segment - SMEs - and learn about digital transformation in banks targeting this important consumer group.
Matias Núñez Castro is Executive Director for SMEs at Santander Mexico, having previously worked as regional director for SME Business. In 2016, Euromoney named Santander best bank in the world for small and medium-sized enterprises. According to the magazine, its strategy goes beyond lending, to address critical obstacles for SME growth.
We recently met with Matias Núñez at the SME Finance Forum in Berlin to ask about the key initiatives in SME Banking, and the strategic priorities serving them.