Miriana Lowrie is making trade credit a simple, paperless process

They say where there's mystery there's margin and one thing that is deep in the depths of mystery is trade credit. What's trade credit? It's the second biggest source of loans in the world after banks. It's like when a business wants to buy something from a supplier and pay them 30 days later. And so much of business operates on these trade terms, but so often not on the actual terms. People are late, people need to be trustworthy, people need to guarantee they will pay. Well, one person who looked into this abyss of paperwork is Miriana Lowrie. After a career in banking and looking at strategy and ways to improve business for outfits like ASB, she saw an improvement that could be made here and launched 1Centre. The app has gone through incubation, setting a record funding round for an product at the Flux accelerator, was part of Vodafone xone and is helping solve the hard problems, with customer usage doubling month on month. Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices