By Kati Suominen, Founder and CEO of TradeUp
A great DHL Express report reveals that the majority of small and medium-sized enterprises (SMEs) see growth opportunities internationally and expect to derive up to 50 percent of their revenues internationally by 2019.
The survey of 480 SME executives and experts from business lobbying groups around the world also reveals that SMEs across the world say that international growth often comes at a significant upfront costs - of meeting standards, finding customers, complying with trade rules, etc.
While many globalizing companies of today are too small to have their needs for these larger-scale capital injections effectively met by banks, there are non-bank solutions. TradeUp is one key part of the solution - opening globalizing SMEs access to growth capital that enables them to take care of the upfront costs of international expansion and grow.
Read more about globalization and its funding at TradeUp Blog.
Est. 2009 Grow VC Group is the global leader of fintech innovations, digital and distributed finance services. Our mission is to make the finance services more effective, transparent and democratic. The Group includes leading fintech companies in their own areas.
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