How choosing the right banking partner can help fuel the growth of startups
24 April 2019 4:08 AM GMT
The typical funding life cycle of an Indian startup varies with its age. So a company that?s been in existence for a year is likely to be bootstrapped, and over the years would explore funding options such as angel/seed funds/venture capital/private equity and banks.
- Banks are great advisory platforms for startups and entrepreneurs and the right banking partner plays a key role in ensuring that startups have everything -- from smart tools to the right alliances in technology and banking, as well as digital and cash management facilities – at their disposal.
- Today, even growth-stage startups are keen to explore the market overseas, and having a global bank as a partner can help realise this dream for them.
- Choose the right banking partner like you would choose your core teamThe banking needs of B2B and B2C startups are different.
- In fact, choosing the right banking partner is as important as selecting the company's core team and can go a long way in helping the founders realise their vision.
- For instance, if their vision is to go global, then they much choose a banking partner who can help them get there.
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