Compensiamo, a financial platform for clearing electronic invoices, launches a crowdfunding campaign. More than 60% of Italian companies are in arrears with payments to suppliers, and treasury management in companies is often in crisis as most fixed costs are due monthly, while the average collection time for issued invoices is 2 months. Compensiamo is the only Italian start-up that allows companies and professionals to eliminate a priori, the risk of default, late payment, and credit loss.
With private crowdfunding, Compensiamo allows every single person, even those who are not entrepreneurs or professionals, to share in the profits of “finance 4.0.” The maximum target set is $141,429 (€127,500), a minimum of $105,000 (€95,000). The investment cuts are $166, $332, $665, and $1,330 (€150, €300, €600, and €1,200) with different rewarding profiles, including profit sharing from 0.15 per thousand to 1.2 per thousand in the next five years.
President of Compensiamo, Giuseppe Barbarani, explained: “We want to create a gentlemen’s business community in which all entrepreneurs and professionals no longer have to worry about deadlines for collections and payments, because there is proper finance system where you do not use your customer or supplier as a bank. We are for a revolution that allows the entrepreneur to focus on creating value and not get frustrated by the words ‘returned unpaid’ or ‘as soon as I get paid I’ll make the transfer.’ We want to give entrepreneurs an innovative tool, because we no longer want to read in the newspapers about companies that close due to outstanding payments, or worse, about honest entrepreneurs who take their own lives for not having been paid.”
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Twofold benefits of using Compensiamo
Adhering to Compensiamo brings an additional twofold benefit: limiting the use of bank financing or factoring (with savings in financial charges), and not having to take out cash to pay the supplier (additional financial benefit).
The crowdfunding campaign intends to finance the development of the platform through the creation of a sales network that reaches Italian companies. The project will be financed only when the minimum target is reached within the set time frame of 30 days. Otherwise, the members will not lose the money invested, which will then be returned.
The clearing service between the trade receivables and payables of the companies is carried out through the Compensiamo platform, where a member company will transfer the data of the invoices issued by simply uploading the file relating to the electronic invoices.
In a very short time, the proprietary algorithm of Compensiamo will search all the possible offsets between credit and debit positions of the member companies communicating to them the possible offsets, and always leaving them the widest freedom whether to accept them or not. The compensation will only take place if all parties involved have given their approval, ensuring that each user has maximum control and therefore security over the relationships that concern him or her.
The offsets will take place exclusively, in any case, between credit to one’s own customer and a debt to one’s own supplier, thus guaranteeing the widest possible security in terms of privacy and commercial confidentiality.
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First published in ilnordestquotidiano, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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