There are different kinds of capital entrepreneurs seek.Venture capital financing to get started (500 Startups), venture debt to cover growth capital (InnoVen) and working capital financing to increase a company’s operating liquidity (Finaxar).Venture capital financing at the seed stage is used to validate a startup’s idea/product. To show that its technical and economical feasibility stands on firm ground, ready to go to a large market. In later stages of venture capital financing, the startup will try to gain market share from its competition and break even.
A venture loan is a complementary source of funding to equity capital. It reduces equity dilution
and is generally cheaper than equity capital. Venture loans can be used to extend a company’s cash runway or accelerate its growth. on a venture loan to assist in raising the next equity round at a higher valuation. A venture loan can also be used to extend a company’s runway when it is close to being “cash flow positive”, thereby eliminating a last round of equity financing.
Timescale: Medium-termWorking capital finance is used to balance incoming and outgoing payments to maximize free cash flow. For example, a company that pays its suppliers
in 30 days but takes 60 days to collect its receivables has a working capital cycle of 30 days. Growing a business requires cash, and being able to free up cash by shortening the working capital cycle is the most inexpensive way to grow.
Timescale: Short-termJoin us for an evening of discussions on how you can optimize your company’s short & medium-term use of capital to achieve success.
Hosted by 500 Startups, you will hear from real experts from Finaxar and InnoVen Capital who truly understand what every company at each stage goes through.
7.00pm: Arrival of guests
7.30pm: Financing SMEs Day-to-Day Business by FInaxar
8.00pm: Venture Lending by Chin Chao, CEO Southeast Asia, InnoVen Capital
8.30pm: Drinks + Networking
10.00pm: EndsFinaxar will focus on how small businesses employ working capital finance in their day-to-day business illustrating the difference between a typical working capital financing facility as provided by Finaxar and other medium and long term financing options as well as the impact on a company’s capital and holding structure.On the other hand, InnoVen
Capital will be sharing their insights on how entrepreneurs can raise smart and effective capital from the start of their start-up journeys.
Rakesh Bhatia (Chair, Executive Committee, Finaxar)Rakesh was with HSBC for 26 years, culminating his tenure there as its Head of Global Trade & Receivables Finance (GTRF). Prior to this, he was HSBC’s CEO in Indonesia and before that, HSBC’s Strategy Head of Asia Pacific Commercial Banking. a graduate of the Indian Institute of Management in Ahmedabad and attended both Harvard’s and Duke’s Business Strategy Programs.
Vihang Patel (Co-Founder, Director, Finaxar)Vihang is an entrepreneur, building startups around Big Data, Cloud and Mobile. He is an Operating Advisor at Monk’s Hill Ventures and was most recently the CTO of Dragon Wealth. Prior to that, he was driving technology at Crayon Data. He earlier founded Avagam which was acquired by Crayon Data, and at the beginning of his journey was a risk consultant for Deloitte working across 2 continents and 5 cities. Vihang earned a BS (Hons) and MS from the Indian Institute of Technology (IIT), Kharagpur in Mathematics and Computer Science.
Chin Chao, CEO Southeast Asia, InnoVen Capital
Chin Chao brings with him more than 15 years of experience in the venture capital and venture debt industries, including entrepreneurship, company building and business operations and strategy.
Chin co-founded and co-managed Sirius SME, which invested in small and medium enterprises in SE Asia. Notable investments include Reebonz, Heptagon Advanced Micro-Optics, and Ong Joo Joo Food Industries. Prior to Sirius SME, Chin was a Managing Director of Venture TDF Singapore and Venture TDF China. Notable investments include Alibaba, Baidu.com, DMX Technologies, Focus Media, Mediaring, Sinosun Technologies and Savi Technology.
Chin received his Bachelor of Science degree in Electrical Engineering from the University of Illinois at Urbana-Champaign and his Master of Science degree in Electrical Engineering from Stanford University. He also received his Juris Doctor degree from Stanford Law School and is the author of three publications on technology and business law.
About 500 Startups
500 Startups is a global venture capital firm and accelerator headquartered in Silicon Valley with over US$400M under management and 1800 companies across 50 countries in its portfolio.
500 has become the most active early-stage investor in the Southeast Asian region with over 180 investments into the most talented, passionate founders and promising, high-growth startups including Grab, Carousell, Bukalapak and Revolution Precrafted.
Finaxar is a state-of-the-art technology company that provides innovative trade and supply chain financing solutions. Our team comprises seasoned veterans from banking, supply chain management, data science and technology with proven track records. We are backed by Tier-1 venture capital, funds and family offices from Singapore, USA and Europe. Our solutions are built from scratch by people that understand small- and medium businesses’ financing challenges and want to build solutions to profoundly improve small businesses’ capital financing.
About InnoVen Capital
InnoVen Capital is Asia’s leading venture lending platform providing debt capital to high growth innovative ventures primarily backed by venture capital firms. InnoVen Capital is a joint venture between Temasek Holdings and United Overseas Bank Group. Currently, the platform is active across India and Southeast Asia while continuing to expand to other high growth economies in the region.
Collective Works is Singapore’s first co-working space in the Central Business District (CBD). The space was conceived to provide beautiful, affordable and flexible working accommodation for small businesses, freelancers and startups that need to be in the heart of the Lion City’s Business hub.
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