Getting capital to get your startup business off the ground can be challenging. In fact, about 94% of startups fail during the first year of operation due to a lack of funding. As the bloodline of any business, your business needs money in almost every stage, from getting your startup idea up and running to generating revenue.

However, your financing options may be limited if you have a low credit score. However, this doesn't mean you can't qualify for any business loan. These days, there are many bad credit loans that can provide you with the funding you need for your startup business. Besides applying for business loans, there are several other sources of finance available to you. In this article, we'll look at some of the best financing options that you could use to fund your startup business even with bad credit.

1. Crowdfunding

Crowdfunding is one of the newest ways of funding your startup with bad credit. To get financing through crowdfunding, you need to create an account on a crowdfunding platform and post a detailed description of your business idea. The description usually includes your business goals, plan for generating revenue, the amount you need, and for what reasons. Potential investors can then read your business proposal and invest their money if they like your idea.

The great thing about crowdfunding is that anyone can invest their money in a business idea they believe in. It also helps generate interest in your product, boosting your marketing efforts alongside financing, and informs you whether there is demand for your product. Since you'll be funded mainly by the common people, crowdfunding eliminates the need for professional investors and brokers.

2. Get Angel Investment In Your Startup

Another great way to finance your startup business with bad credit is by getting an angel investment. Angel investors are typically people willing to invest their money in upcoming startup businesses. They've helped start up some of the most prominent companies today, such as Alibaba, Google, Yahoo, and many more. Angel investing usually happens in the early stages of a company's growth. They sometimes operate in groups of networks to screen proposals before investing and can ask for up to 30% equity in your company.

3. Get Venture Capital

Venture capital is another option you should consider when looking for financing for your startup business. Venture capitalists usually invest in businesses with tremendous growth potential and often ask for equity in your company. They also look for companies with a strong team and have already gained some traction. Besides providing capital, venture capitalists can also provide strategic assistance, mentorship, and introductions to partners, employees, and potential clients.

However, it's not always easy to obtain venture capital financing. The best and easiest way to reach a venture capitalist is through professional acquaintances like their lawyer or a trusted colleague. Your startup needs a strong investor pitch to attract the VC's interest. You must also ensure their focus aligns with your business and its development stage.

Endnote

There are many different financing options that can help kick start your business and help it grow really fast. While lending options can help get your business started quickly, your loan application may be declined if you have bad credit. If you're facing funding challenges due to bad credit, use the options mentioned above to obtain the capital you need to get your startup business up and running.

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1. Look Into Taking Out A Business Loan

One of the fastest and most convenient ways to get some extra cash is to take out a small business loan. A small business loan is used to finance anything your business may need. You can also use it as an added security blanket. Furthermore, depending on your lender, you may also be eligible for a few benefits. These benefits can include coaching for new business owners, resources to enhance your knowledge, and connecting to a professional support network. Keep in mind that not every lender has these benefits. You'll have to ask for more details when you apply.

2. Try Out Bootstrapping

Bootstrapping is a business term that's used to describe an owner who uses their own personal funds to finance their business. You might think it is somewhat counterintuitive as the goal here is to procure extra funds and save more. However, this doesn't necessarily mean using almost every cent you have for it. Bootstrapping also means using any spare personal funds. If you have any extra money lying around, putting it towards your business isn't a bad idea.

3. Host A Crowdfunding Event

Crowdfunding used to be considered a non-traditional way to finance startups but is now something that's seen a lot of popularity as the years have gone by. It's where people procure small donations from a large group of people to use for their intended projects and ventures. Not only is it a great way to obtain the money you need, but it's also how you advertise yourself. People, namely your target audience, want to see everything you have to offer. Crowdfunding offers you a fantastic opportunity to showcase what you have planned. Just remember to be as transparent as possible. It helps build trust between you and your audience. If you're lucky, you'll catch the eye of an angel investor. An angel investor is an individual who donates an average amount of $25,000 to a cause they believe in. In rare cases, they can donate as much as $100,000.

4. Ask Your Friends And Family

Another way you can get some extra money for your business is to ask your friends and loved ones. However, it's not as simple as asking them and they just give you what you need. For them, this is a type of investment. They will need to know what their money is going towards. As with crowdfunding, be as transparent with your friends and family members, so they have the information they need to invest.

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Finances are a great determinant of the success of your business. With sufficient funds, you can develop your business and generate the profits you expect. 

Obtaining finances from traditional financing options which include commercial lenders like banks and credit lines is a tough row to hoe. However, this should not hinder you from commencing and owning your small business and compel you to give up on your dreams. You can always opt for alternative non-traditional financing strategies and secure small amounts of capital. 

Take the help of investor relations who render to you comprehensive advisory services, leveraging their expertise and instruments to help you reach the most relevant stakeholders. 

Today, you as a business owner have more options than ever to finance your business without having to wait till eternity or dealing with unending paperwork. Let's learn about the seven unconventional ways to derive funds for your small business

1. Microfinancing

For the business owners who have been excluded from traditional credit and lending options, microfinancing is the rescue. It is a method that is specifically targeted at individuals who have no access to traditional loans. All you need to qualify for microfinancing is a business plan, adequate credit, and a personal guarantee or collateral. 

Microfinances are a smaller version of a conventional loan from a bank, designed to assist aspiring small business owners to generate income, build assets, manage risks, and meet their needs. Additionally, they have no location restrictions and can be availed of from any part of the world.

Microloans can range between $5,000 and $50,000, differing according to the bank or lenders. Banks or lenders also determine the interest rates charged, which might be higher than traditional loans due to the higher risk involved. 

2. Crowdfunding

Crowdfunding involves entrepreneurs collating small amounts of funds contributed by a large number of individuals to finance a new business venture. It is often utilised by start-up companies or growing businesses as a way of accessing alternative funds. Crowdfunding also incorporates selling a small stake to raise money for your business. The inherent marketing advantages associated with the online process of soliciting investors and the affordability makes crowdfunding a very good option for you. 

3. Working Capital Loans

Working capital business funding allows businesses to deal with their day to day or short-term operations. The business world is full of fluctuations and ups and downs, which calls for aid to cover operating expenses such as salaries, production material, rent and so on during lean periods. 

A fast business working capital can help you through times of difficulties where your expenditure exceeds your income and existing funds.

4. Peer-to-Peer Lending (P2P Lending)

P2P lending is an online practice carried through platforms where needy borrowers can find the appropriate willing lenders thereby serving as a good way to finance your business. It is swifter than traditional lending methods and less volatile, making it a great investment channel. 

After a basic application process, you can connect with a relevant lender and have your loan in hand within a span of 3 days. It eliminates the bank fees and additional costs associated with traditional methods of availing of a loan. 

5. Merchant Cash Services

If you are a small business that needs urgent capital and needs to manage cash-flow shortages as well as cover a variety of short-term expenses, the merchant cash advance is what you need. One thing you need to know is MCA functions on credit cards. If you accept credit card payments as income; you will be pre-approved by a private lender and receive a payment based on the number of credit card transactions you make during a short duration. 

6. Bootstrapping

Bootstrapping technically isn’t a form of funding but it renders to the financial needs of your company. It involves launching and running a company with personal finances or the operating revenues of the new company. It is a situation wherein a company directly gets funds from the owner.

7. Grants From The Government

Usually, start-ups are considered unaccountable for grants from the government. However, there are numerous government grants available at the federal, state, and local levels that can help you finance your business. There are special grants for female entrepreneurs and business owners from ethnically diverse backgrounds. With thorough research, you can come across the most suitable option for you.

Funding hardships are specifically profound for business owners in the constantly evolving world. Most business owners think of non-traditional financing options as the last resort. However, it doesn’t have to be so. If your loan applications are denied, your business credit score is low, and you are creative and willing to take risks, you should consider alternative financing for your business. It usually has a higher approval rate, is dispersed and received faster. Constraining yourself to traditional loans will often take you nowhere. So, leverage the non-traditional financing options and achieve your dream.

The global real estate crowdfunding market is expected to grow a CAGR of 33.4% between 2020 and 2028. The EU REC market size is currently at approximately EUR 7 billion, and with that growth rate, the EU market would be EUR 93.65 billion in 2028. 

This stratospheric projection illustrates the potential of real estate crowdfunding. Stipulations protecting consumers and crowdfunding platforms provided by new EU regulations coming into play in November will foster legitimacy in the industry and draw the focus of new investors.

To determine what drives the crowdfunding community, BrikkApp recently spoke to five real estate crowdfunding industry leaders from Shojin, Reinvest24, Kuflink, Max Crowdfund, LendSecured.

New EU regulation bolsters the market

Faced with substantial industry growth, the European Union has decided to implement regulatory actions that will formalise the service provision process for crowdfunding and widen the potential pool of investors exponentially.

For Jatin Ondhia, Co-founder and CEO of Shojin, the regulations are a necessary step to gain new economic opportunities: “At times, the regulatory costs and process can become burdensome, but they are essential if we want this market to grow.”

Per the regulations’ due diligence requirements by platforms, investors will feel secure in their investment decisions. Terms on suitability and appropriateness will further enhance that sentiment. New passport and authorisation processes will make sure that platforms are held accountable for their listings and work in the best interest of their clients.

Under the new scheme, real estate crowdfunding platforms can collaborate seamlessly with developers and construction corporations across the European continent if their projects total under €5 million.

Given that the regulation works to rule out non-compliant practitioners, there will be fewer market participants—but those participants will present safer investment opportunities, according to the Latvian crowdlending platform LendSecured.

“We find it more complex to spot deals that suit the vetting process. The volume might be smaller, but you can be sure that it has the highest quality,” explains Nikita Goncars, CEO of LendSecured.

The unrelenting interest of new retail investors will bring liquidity to the market and entice developers.

Crowdfunding platforms increasingly make use of the power of collaborating

Shojin provides global investors with direct access to institutional-style debt and equity investments in the UK. Crowdfunding platforms like Shojin work best when they can balance the number of investors with a high deal flow. “Sometimes, there is an imbalance due to the economic and societal environment. This is where collaboration between platforms can be extraordinarily effective,” according to Jatin Ondhia, CEO and Co-founder.

As crowdfunding gains popularity, more and more high-quality platforms will operate in the industry. Increased cash flows and investments deepen the liquidity pool and broaden the range of projects that can meet investors’ and developers’ requirements.

Recently, most crowdfunding platforms have felt the market is too fragmented. To become a mainstream marketplace, the sector needs to attract a much broader crowd and cooperative market opportunities.

In addition, the associated costs with new EU regulations may leave several companies in a difficult position. Thus, collaborations of various platforms play a vital role in the sector. Collaboration is not simply a matter of costs but combining expert knowledge and business strengths: If the market specialists blend their skills and help each other out, this will lift the whole industry to a higher level. Potential joint areas include tech development and research to understand and predict the market’s evolution better.

The EU regulations hit the point of the time. Max Crowdfund, a Dutch crowdfunding platform, forecasts that if real estate crowdfunding continuously grows into the mainstream, cross-border investments and the international interest in the EU market will become commonplace. The new standards and the ability for crowdfunding agents to work seamlessly with developers all across the European continent ensure a fertile ground for the industry.

Interest Rates and Returns

A growing number of real estate platforms ultimately stimulate a higher output for aggregation platforms such as BrikkApp. For investors, it brings higher diversification between investment opportunities. From the current point of view, the size of the platform is becoming less important.

Still, the quality of the project (e.g., well-funded, location, housing prices) investors can crowdfund attracts enormous interest. If the quality of investments and returns will be the decisive factor for the crowdfunding community, this allows a fairer investment fund distribution across European real estate.

Due to the global pandemic, interest rates have been lowered worldwide to stimulate consumption. As a result, banks fear the trend going towards negative interest rates.

One of the downsides of the EU regulations could be a potential split between regulated and unregulated platforms. The latter could try to offer higher returns that don’t face restrictions by any legislation. Fortunately, this won’t stop regulated platforms from offering healthy returns, and it will establish them as more trustworthy than unregulated businesses in the long run.

Lastly, due to the global pandemic, interest rates have been lowered worldwide to stimulate consumption. As a result, banks fear the trend going towards negative interest rates.

“Facing the likelihood of negative interest rates, investors prefer P2P real estate lending platforms as a potential option for their funds. This happens because they could earn significantly higher returns,” agrees Narinder Khattoare. He is the CEO of Kuflink Group, a company developing and leveraging P2P investment models. Higher returns will positively impact the industry and create an enormous leverage effect for those who invest now.

“In our case, we are currently able to offer returns up to 16% because we are working on developing markets, with a big potential for capital growth. By developing most projects by ourselves, we are lowering the expenses as much as possible”, says Tanel Orro. Tanel is the CEO of Reinvest24, a real estate investment platform based in Estonia.

The new EU regulations will not be smooth sailing for every platform. For example, Max Crowdfund operates using blockchain technology, and banks and payment providers are still reluctant to work with the technology. Currently, Max Crowdfund can offer debt-based real-estate-backed loans to their investors.

“Once we have obtained the license per the new European regulation for crowdfunding platforms (CSPR), we will add equity-based deals and a secondary market,” reveals Mark Lloyd, CEO of Max Crowdfund.

The European crowdfunding real estate market shows promising progress. Particularly the Baltics and countries in Eastern Europe, including Estonia, Moldova, and Latvia, are attracting investors’ interests. “We see great potential in the real estate sector, as the competition is still low, due to the small size of the market,” concludes Tanel Orro from Reinvest24.

As soon as crowdlending platforms start to diversify their portfolio and collaborate with each other and developers alike, the alternative property market is ready to become a mainstream capital source.

First of all, you need to identify the industry you’d like to start your business in. And then you’d have to conduct proper market research in order to decide whether this idea will bring you fruitful results or not. Moreover, you’d have to talk to a few friends that could help you in pursuing your goals.

Usually, people are afraid of starting a business due to fear of failure. But there is another thing that can become a hurdle, and that’s a lack of money. Some people have enough money in their savings account to fulfill their start-up dream. But many people don’t have enough money to pursue their goals. Fortunately, there are several ways you can fund your start-up.

In this article, we’ll take a look at four of the most useful ways you can fund your start-up. And you won’t have to make any sacrifices if you consider these methods.

Crowdfunding

Start-ups and creative people have been using crowdfunding as a valuable option for years. These individuals don’t waste their time finding angel investors for hundreds of thousands of dollars. They use a creative approach to raise money through smaller contributions from the masses. If you want to launch a product or design without knocking down the doors of venture capitalists, crowdfunding can be the ideal solution for you.

The advantage of using this technique is that it helps in marketing your product way before you officially launch it. You can analyze the feedback and consumer interest to decide if your idea will work in the industry or not. Indiegogo and Kickstarter are the most common crowdfunding websites you can raise funds for your startup business on.

However, you need to understand the terms and conditions of these websites before sharing your idea. For example, Kickstarter only accepts the ideas of individuals that belong to a limited number of countries. Unfortunately, the residents of Singapore cannot avail of this opportunity. However, you can take help from a business partner that belongs to a country that is allowed by Kickstarter.

Grants

Getting a grant can be a great way of funding your business in Singapore. The Singapore government is continuously helping SMEs that are willing to bring change to the industry. The first-time entrepreneurs must consider going for the Spring Singapore ACE grant. For every S$3 raised by the entrepreneur, the Spring Singapore will match S$7 for up to S$50,000. In other words, you’d have to raise around $21,429 if you want to receive the maximum grant of S$50,000.

Spring Singapore will give the grant over 2-3 tranches, and they won’t take equity in your organization. The most remarkable benefit of using this scheme is that it also helps in finding a suitable mentor for your start-up in the first year. Depending on the sector or industry, you can use several other local grants that are particularly designed for start-ups. For clean and high-tech companies, the Spring Singapore offers additional funding schemes while the social enterprises can take advantage of the ComCare enterprise fund.

Grants like these, often offered by governments worldwide, can help in giving a great financial boost to your start-up. However, you must carry out the proper research to find detailed information about any grants available.

Incubators and Accelerators

The chances of obtaining seed funding can be increased if you consider getting into a business incubator or accelerator. The major difference between an incubator and an accelerator is that the incubator starts with organizations that are at an initial level of the development process. On the contrary, the accelerator requires you to work with the mentors for a set period before graduating.

Although there are only a few seed funding programs available nowadays, you can get the targeted resources and support for your startup by joining an incubator or accelerator. The chances of growing a startup business are ultimately increased when you work with successful entrepreneurs.

Loans

If your friends and family members are unable to provide financial help, you could get help from a bank or licensed money lenders to get a loan. A loan can be the right option if you want to retain full control over your company, as it makes you feel free from giving equity to investors.

OCBC has designed a collateral-free loan program that is available for start-ups. The loan is known as the OCBC Business First Loan. It provides you with access to $100,000, and this loan is particularly available for companies that have started around six months ago. The only problem with this loan is that it can only be approved if you have a guarantor. If you have a completely new and untested business model, you must be very careful about taking out this loan.

Similarly, you must think carefully before taking out a loan if you are not expecting revenues in the short to medium term.

Another useful option to fund your startup is taking out a personal loan. Some banks like Standard Chartered CashOne offer a low minimum income requirement with attractive interest rates. Similarly, the ANZ MoneyLine Term Loan comes with the interest rates of as low as 6.6% per year.

Entrepreneurs can now fulfill their start-up dream with the help of these funding options. You should do some research to find out the funding option that will better accommodate your needs. We recommend going for the options that come with lower risks. Thus, you’d be able to focus on the growth of your business thereon.

For many small enterprises an injection of cash is required at some point - either at the start-up stage, in preparation for growth, or simply to stay in the game.

However, many small business owners set out with blind optimism and underestimate the level of funds required to keep a business afloat. Oliver Spevack, Chartered Accountant and co-founder of OS Accounting specialises in supporting start-ups and SMES.

He says: “Poor financial planning can cripple a small business and lack of funds is one of the common reasons why new businesses run into problems and fail.

“So many small businesses that come to us have no business plan and no idea how to raise capital. They are completely unaware of the grants and tax relief schemes available to them.”

Funding can make or break a small business. Let’s take a look at the options available.

Family and friends

The cheapest way to borrow money is by getting an interest-free loan from family or friends. You may be able to negotiate a longer-term payment plan than you would get with a traditional loan through a bank, or agree to pay the money back in a lump sum once your company reaches a certain profit or turnover target. You probably won’t have to give a share of your business away either.

Social media crowdfunding

Crowdfunding has become an increasingly popular option for funding a small business in recent years. It does, however, require a strong promotional strategy, increased transparency, and the possibility of giving up a stake in your business. See more on the different types of crowdfunding and the best crowdfunding sites to launch on here.

Business loans

A wide range of lenders offer loans to small businesses, from traditional banks to online specialists. Small business loans are also available from the government. The British Business Bank (the government’s publicly owned development bank) was set up to help small businesses in the UK access funding. The bank offers start-up loans from between £500 to £25,000 and helps small enterprises understand and access funding options.

See some frequently asked questions on small business loans here.

Angel investors

Not a suitable option for businesses that want to retain 100 per cent control over their business, but angel investors do offer funding opportunities and can often bring some expertise to small businesses.

Essentially, an angel investor is a person, or group of people, who provide funding in exchange for a part of the business. They can be silent (i.e. just provide a capital injection) or can be active and offer advice and expertise to help grow the business.

BBC2’s Dragons’ Den has become the template for what happens when a small business needs investment from an angel investor.

Read more on the pros and cons of angel investors here.

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Venture capitalists

Venture capital is similar in its concept to an angel investment – there are, however, differences. Essentially both offer funding in exchange for a share of the business. The main difference is that angel investors work on their own, whereas venture capitalists are a division of an organisation or an organisation in their own right.

Venture capitalists are only interested in businesses that are likely to make a high return. They look for small businesses that have the potential to grow into large companies.

Research and development grants

Small business grants are one of the best sources of funding available to start-ups, developing and established small businesses. There are many private and government schemes available. The qualifying criteria varies hugely, but there are literally hundreds of schemes from Princes Trust Grants to global investor, Unltd Social Enterprise Funding.

Many of the grant schemes available to small businesses are industry or location-related, such as the Energy Entrepreneurs Fund which supports the advancement of energy technology or council-run business development grants, which may also have industry-related criteria.

Tax relief schemes

Not strictly funding, but tax relief schemes are another underused resource that can provide a considerable boost to a small business’s funding pot. The tax breaks commonly overlooked by small businesses include:

• Research and development (R&D) tax credits
• The Annual Investment Allowance (AIA)
• The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS)
• Enhanced Capital Allowance (ECA)
• The Employment Allowance

Let’s take a brief look at each of these.

R&D Tax Credits – a government scheme designed to reward and encourage greater innovation across the UK business sector, which can amount to tens, even hundreds of thousands of pounds, every year. See more about the government scheme here.

Annual Investment Allowance – a government scheme offering tax relief to British businesses on qualifying capital expenditure, specifically on the purchase of business equipment.

EIS and SEIS – these are government backed investment schemes that encourage investment in small and medium-sized companies.

Enhanced Capital Allowance – the government ECA scheme was introduced in 2001 to encourage businesses to invest in energy-saving equipment. Businesses can claim 100%  first year tax relief on qualifying equipment.

Employment Allowance - The government’s EA scheme was introduced in April 2014 to incentivise recruitment in smaller businesses - this is worth up to £3,000 per year to set against an employer’s Class 1 NIC bill. Single director companies without employees do not qualify.

By Paresh Davdra, Co-founder & CEO of RationalFX & Xendpay

The rise of FinTech has significantly altered the financial industry in the last decade. The disruptive nature of FinTech stems from the fact that its unique selling point is the use of innovative technology to enhance the lives of its customers. From mobile payments to crowdfunding platforms to new e-commerce systems, FinTech companies reflect the needs of a new generation of consumers who are looking for an easy to use service whether they are at home or on the move. It is perhaps not surprising then to note the incredible opportunity that exists for FinTech companies that allows them to pursue more than profit, and look to social responsibility as a key part of their model.

 The importance of social responsibility for FinTech is intimately connected to the relationship between their audience – a new generation spanning millennials in their twenties and early thirties, and the students that will succeed them- aligned with their social conscience. This is a generation that has grown up with an awareness of issues for sustainability, social responsibility and the desire to make consumer decisions based on values. As a result, it is essential for FinTech companies to align themselves with their socially responsible audience.

This commitment to social responsibility is often reflected in the way that FinTech companies are able to do business. One sector in which this is most clear is in the payments industry. Payments have become instantaneous with the advancement of technologies; with industries such as online international payments having been able to emerge with the growth of FinTech. Whilst the business and consumer application has been a clear success with the proliferation of companies within the sector, a socially responsible aspect has also appeared through the way remittances are sent.

Remittances and the transfer of money between communities across the world has benefitted immensely from the FinTech revolution, with the number of remittances to developing countries growing by 51% to $445billion between 2007 and 2016.[1] It is clear that the availability of improved financial technology has contributed a great deal to this, with accessible mobile wallets and payment systems, such as allowing families in developing countries to receive funds from their loved ones faster than ever.

For the companies that offer these services, a sense of social responsibility is essential for the running of the business – they need to have an awareness of the needs and resources of communities in the developing countries they are serving. That is why apps will often be low cost and offer simplified functionality, designed to run on phones without access to super-fast connectivity. Furthermore, socially responsible FinTech has enabled the democratisation of remittances, allowing users to lessen the financial impact of heavy taxation in place when using money transfer services in certain countries or unreliable methods of transfer, and ensure that as much money as possible reaches its intended recipient.  Some payment companies have even built their business model around the concept of responsibility and sustainability, waiving mandatory fees or commission to make sure communities benefit the most from transfers.

Xendpay is one such FinTech company, which has used its socially responsible ethos to offer families free money transfers around the pay-day period. By eliminating extraneous fees and commissions that are typically part of the service that high street agents offer, FinTech companies such as XendPay are directly impacting on the development of these societies – with more money available for the recipients of remittances, there is more money available to go back into the economy of a developing nation, rather than into private hands.

Social responsibility has become a symbol of the disruptive power of FinTech, at a time when traditional banking systems are slower to innovate. It is how an industry of imaginative FinTech companies operating within remote and developing communities have been able to evolve and provide customers with a service that works for them. Recent developments have even seen FinTech companies expand beyond simply providing mobile apps for customers, as socially responsible and ethical investing are increasingly an important aspect for modern business.

Traditional businesses looking to emulate the disruptive success of FinTech should look to the value-based ethos of the companies as a template. The FinTech industry has many examples of the future of business – ethical initiatives with a strong sense of social responsibility to the customers and communities they serve. FinTech companies have been able to capture the lucrative millennial market not only because they offer convenient and accessible services, but because of the key role that social responsibility plays in their corporate identity.

FinTech businesses realise the power that strong values have to play in bringing them closer to their audience and that they have a responsibility to align themselves with charitable and good causes, social development and issues that both the business and their customers are passionate about. This is an ethos that businesses across all sectors can learn from.

Websites:

https://www.xendpay.com/

https://www.rationalfx.com/

[1] Sending Money Home: Contributing to the SDGs, one family at a time,  IFAD, 2017