For generations, banking as an industry has always been seen as an operation that is slow and dependent on legacy systems. That nature of business doesn’t change even for business customers. This slow process adversely affects startups and entrepreneurs seeking capital or funding.
According to CB Insights, 38 per cent of startup failure can be owed to failure to raise new capital or running out of cash. Can software and technology solve this cash flow/funding problem for startups as well as small and medium enterprises? Floryn, a Dutch fintech startup based in ‘s-Hertogenbosch, has a novel solution.