Angus Sedgwick is a classic example of an entrepreneur who saw a need not being met, and then backed himself to meet it. As an experienced financial services executive with over twenty-five years’ experience, including ten years as the Managing Director of the largest broker globally in the Traded Endowment Policy market, there’s not much he doesn’t know about how to make the world of finance fairer for business.
There’s a saying in the business world: ‘cashflow is king’. Apart from being a truism and becoming a popular catch-cry, the flow of liquid funding, or the lack of it, can quickly bring a company down.
Many new businesses falter because they don’t have a good cashflow. Without it, the day-to-day running of the business becomes extremely difficult.
Angus Sedgwick recognised this and began searching for ways to help businesses, especially the small-to-medium sized ones, to improve their cashflow.
Angus recalls that “our search led us to look internationally, at what was happening around the world in peer-to-peer lending and finance. This is where individual funders or lenders of money make funds available to a range of borrowers.”
As he explains it, rather than a bank providing you with a debt facility, peer-to-peer financing is where multiple funders provide the cashflow or debt funding to a range of borrowers.
“It was massive in the United States and also taking off in Europe and the United Kingdom. So within that scope of finance, invoice funding was a natural fit.”
In a nutshell, Angus co-founded The Invoice Market (“tim.”), an innovative fin-tech platform that provides a range of cash flow funding solutions to Australian businesses, including invoice finance, trade finance and import finance.