Opinion on FD article: Credit insurers squeeze lifeline retailers
Yesterday, the Financieel Dagblad posted an article titled 'Credit insurers squeeze lifeline retailers'. Read the reaction of Paul van Uden, managing director Xolv, below:
Funding Circle quits with immediate effect. The end of fintechs?
Completely unexpectedly, it was announced in mid-March that Funding Circle was withdrawing from the Dutch and German markets with immediate effect. Most employees will be laid off, the current loans will still be dealt with and then the adventure will be over. Funding Circle was - by its own admission - the largest provider of alternative finance in the Dutch market, with a total amount lent of EUR 220 million.
Corona crisis: every man for himself or stronger together?
For British Prime Minister Boris Johnson, it is a dream come true: the borders are closing in Europe. The coronavirus responsible for this is also throwing a spanner in the works of the EU exit negotiation process. The pound, meanwhile, is crashing furiously.
Insured or uninsured: 8 things you need to know about coronavirus and credit insurance
The coronavirus holds us all in its grip. How the virus develops in the coming period, we cannot predict. But that the pandemic will have a huge impact on the global economy is clear. That means you need to keep a sharp eye on (the terms of) your credit insurance - with our help. In this blog, we list eight things you need to know and what we can do for you. This also applies to uninsured companies. Credit insurers may still have options now, so it is not too late to act.
'Huh, how come my supplier doesn't get coverage on my farm?'
As an entrepreneur, you want to do business without worries. You cover worries about debtors with credit insurance. But what if your supplier suddenly says that your company is no longer good for its money? Then you have a problem. Especially as the effects of the corona virus are also increasingly impacting the economy, coverage on your own business becomes even more important. In this article, we tell you what you can do in such a situation.
German economy shows weakest growth since 2013: how will it affect the Netherlands?
For the German economy, 2019 was a year to quickly forget. With economic growth of just 0.6 per cent, our eastern neighbours recorded their weakest growth since 2013. Why is this, what are the expectations for this year and what is the effect on the Netherlands?
Good debtor management: the cheapest way to optimise cash flow
As a specialist in debtor management and all services related to it, Xolv's specialists visit many companies. We regularly find that debtor management at these companies is often an afterthought, not well structured and ad hoc.
Why factoring is the solution for SMEs
Of all SMEs, 20 per cent needed new external financing in the year from July 2018 to July 2019. This is according to the Central Bureau of Statistics (CBS) Financing Monitor 2019. In this regard, more and more companies are opting for a modern form of financing: factoring.
The danger of (forced) tying by your bank
Years ago, we saw it a lot in the financial market, and it still happens: forced shopping. In other words: in order to get a request - in this case obtaining financing - granted, purchase of another product is required. It is allowed in the Netherlands, but often it does not benefit an entrepreneur. Why not? We explain that in this article using a concrete example. We also tell you why a spread across several suppliers is preferable.
Are Green Deals plunging our country into recession?
Environmental measures like the Green Deal are necessary to achieve a sustainable society in the long run. But sometimes these schemes do not seem to parallel economic development. How do we get the Dutch economy green without plunging ourselves into recession?