S06 EP21: Reducing Cash Conversion Cycles with Crowdfunded Inventory Finance

<p>On today’s episode, Kunle is joined by Sean De Clercq, CEO at <a href="https://www.kickfurther.com/">KickFurther</a>, a 7-year-old platform helping DTC and eCommerce brands raise inventory finance through crowdfunding.</p><p><br></p><p>Managing inventory levels is a perpetual puzzle for businesses dealing in physical products. Have too much and the costs eat into your profits. Too little and you risk being sold out and losing orders to the competition. Solving this problem through timely funding allows businesses to reap the benefits of placing bulk orders, being in control of their inventory, and ultimately boosting profits.</p><p><br></p><p>Kickfurther has innovated the way businesses can raise this crucial working capital, and it is through crowdfunding. Investors on their platform can fund inventory that will eventually be sold to someone else, and earn a commission along the way. This model offers a different and often quicker way for businesses to fund working capital.</p><p><br></p><p>In this episode, Kunle and Sean talk about using crowdfunding to fund your inventory. You will get to hear about the challenges businesses face with Cash Flow and Conversion cycles, and how crowdfunding could be a great way to raise working capital. This is a great episode for business owners and anyone interested in alternate sources of capital.</p><p><br>-----------</p><p>SPONSORS:<br>This episode is brought to you by:</p><p><br><strong>MESA<br></strong><br>This episode is brought to you by MESA Workflow Automation. Mesa is THE only automation platform that enables all Shopify merchants to create workflows that automatically carry out repetitive tasks and focus on their business. </p><p> </p><p>TRY MESA FOR FREE OVER 14 DAYS on <a href="https://www.getmesa.com/">GetMesa.com</a> or search for MESA on the Shopify App Store.</p><p><br><strong>Klaviyo <br></strong><br></p><p>This episode is brought to you by Klaviyo – a growth marketing platform that powers over 25,000 online businesses. Direct-to-Consumer brands li