Categories: Tech News

How can SMEs raise capital if banks are unwilling or unable to help in a recession

-On BBC World Service claim 25 of the worlds’ population are in self isolation
-Entrepreneurs and owners of SME businesses thoughts will be turning to how do they rebuild their businesses once the restrictions are lifted.
– Given the prospect of a recession due to the coronavirus pandemic banks are unlikely to be falling over themselves to lend money
– Equity markets have been extremely volatile and in any rate we have seen according to The FT a 20% decline in IPOs in 2019 globally

– Digital Assets offering real innovation ParkinGo operate car parks at 80 airports in Europe looking to raise €15m and will be paying investors a % of their revenue NOT profits.
– PhilGold just launched on a Hong Kong digital exchange offering a Digital Asset backed by Gold
– Fat burger (buys fast food franchises) issued a Digital Assets worth $40 m debt backed.
– Not more ICOs but Compliant Coin offering on their way?These 3 Digital Assets illustrate what is possible
– We need governments and regulators to do all they can to embrace new ways help SMEs raise capital. After all SMEs account for 3/5 of workers and more than half of UK private sector turnover.

For more analysis on topics like this email Jonny.Fry@Teamblockchain.net and ask for  Digital Bytes

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Jonny Fry

Jonny Fry co-founder and CEO of TeamBlockchain Ltd, is a Blockchain, crypto economics,Digital Assets and funds specialist, with over 25 year’s experience as CEO of an asset management business which he floated in London with over £1Billion under management .His focus has been on the dynamics of financial innovation, advising on Digital Assets, Tokenomics, Crypto funds and is a regular speaker on these topics. He is Non Executive Chairman of Gemini Ltd, a founder of The British Blockchain Frontier Technology Association (BBFTA) and advisor for a number of companies helping them with their strategic growth and managing corporate and reputational risk.

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