Omnicredit is the latest innovative start-up selected by NOCASH in the final fintech competition that will take place on May 9th, at the National Theatre in Bucharest – Sala Media.
The company specializes in financing solutions for micro and small businesses and will have the official commercial launch next month.
Referring to market opportunities, Elisa Rusu, CEO of Omnicredit, has just mentioned a few key figures of the market: „94% of the active companies in Romania are micro-enterprises and 70% of them are not eligible for a bank loan. More, micro- enterprises (firms with a turnover of <1 million €) collect their receivables almost three times slower than large companies (with turnover> 1 million €) during 2017.”
„We are the only player on the Romanian market who offers 8 types of products by scoring companies in real time: single invoice recourse factoring, single invoice non-recourse factoring, discounting promissory notes, microloans for working capital, investment microloans, cash-advance microloans, credit lines for micro companies and micro leasing. One minute to register, one hour for credit decision, 8 hours money in the account.” she added.
Everything is ONLINE with no bureaucracy but with larger support: virtual assistant, chat-bot, call center assisting the client to chose the most suitable solution, according to the company’s representative.
Elisa RUSU – the CEO of Omnicredit, has more than 20 years of experience in factoring, leasing, and micro-financing, as former Head of Factoring in Banca Transilvania – 1st largest bank in Romania, fomer CEO&Co-founder of INSTANT FACTORING, first fintech factoring platform in Romania
The company has ambitious plans for 2019: Serving 300 entrepreneurs, Offer 1000 loans and 5M euro financing turnover
15 Romanian start-ups, most of them with mature products and commercial fintech solutions, will compete for „the most promising fintech start-up of the year”. The prize allows the winner to receive a full package of services valued at € 3,500 (transport, accommodation, tickets, exhibition space) to attend the ICT Spring Europe 2019 event, a very important global tech conference to be held in Luxembourg on May 21-22.
As organizers mentioned, „Luxembourg is your best gateway to Europe.”
„Since its very beginning, ICT Spring has positioned itself as a real business enabler to help companies enhance their visibility and find new, interesting, business opportunities.
Whether you are looking to meet with investors, establish a branch/headquarter in Luxembourg, benefit from visibility, find new customers, ICT Spring is a great opportunity for you.”
One of these opportunities is participating in the ‘Pitch Your Startup’ within ICT Spring competition that could brings you €100,000.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
