Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage, and assist in our marketing efforts. View our Privacy Policy for more information.

Ice-cream and insights: the scoop from NACFB 2019

Kriya Team
July 3, 2019
2
min read
Share this:

53% of the brokers we spoke to have seen an increase in export-led businesses seeking finance. A number set to increase as UK SMEs set their sights abroad.

It’s been a fortnight since over a thousand brokers filled the hall at the NEC for the National Association of Commercial Finance Brokers’ (NACFB) annual Commercial Finance Expo. The Kriya team and I were there too, discussing all things invoice finance – over tubs of the popular rolled ice cream that we served at our stand. A few rolls of honeycomb crunchie were just what we needed to forget about the unseasonably chilly weather outside.

What a great day out in Birmingham! It’s clear this event has hugely evolved since I first attended back in 2016. As well as catching up with some familiar faces and meeting many new ones, we also heard from some really interesting speakers including Lloyds Bank and NACFB CEO, Graham Toy.

The highlight for me was a session run by Shiona Davies of BVA BDRC about the latest SME Finance Monitor report. Shiona took a deep dive into the findings of the report as well as the impact they might have on lending. She also discussed the idea of a “new normal” when it comes to funding levels.

I spoke to a great deal of brokers on the day and it was interesting to hear how many of their clients are running export-led businesses. In fact, export was a hot topic of conversation, making it clear that UK SMEs are thinking big despite talk of uncertainty around Brexit.

We ran a survey throughout the day which found that 53% of brokers have seen an increase in export-led businesses seeking finance. According to our recent Kriya Business Insights report, this number could increase over the next 12 months as more SMEs set their sights abroad. Our research found that 56% of business owners spanning a range of industries are planning to open offices overseas and start exporting.

Following on from this, many of the brokers I spoke to asked about the currencies that Kriya is able to fund. Apart from GBP, our customers also have the option to fund USD and EUR invoices and/or to have their funds paid into USD or EUR accounts. From time to time businesses may also want to fund invoices in other currencies, which we’re happy to consider on a case-by-case basis.

Overall, it was a great event with some great conversations. We know that for many businesses, their broker is the first port of call when they need funding to kick off new projects, invest in growth and more. That’s why we partner with hundreds of commercial finance brokers to empower their clients with fast, flexible working capital solutions.

B2B Payments to boost your growth

To learn more about our payments and digital trade credit solutions book a call with us today.
Email is invalid.
Please use your company email address.
Annual Revenue*
We’ll use this information to get in touch with you about our products and services in accordance with our Privacy Policy. You can unsubscribe at any point. By submitting, you acknowledge we reserve the right to work with businesses that have been trading for a minimum of 12 months and have submitted at least one set of financial accounts.
Thank you. A member of the team will be in touch.
Oops! Something went wrong while submitting the form.

Explore related posts

Digital B2B payments: early adopters will dominate their market

Early tech adoption is make or break for company success. In digital payments, B2B businesses cannot afford to be complacent.

Anil Stocker
 min read
Read more
How B2B leaders can unlock growth with flexible payment options

How B2B leaders can unlock growth with flexible payment options

Show me the money! Our buyer's guide highlights the key considerations to modernising your B2B payments offering and accelerating your growth.

Kriya Team
4
 min read
Read more
Kriya Payments
Feb 7, 2024
Kriya Digital Trade Credit | Win-wins with b2b multichannel payments

Do B2B ‘win-wins’ actually exist?

‘Win-wins’ are often touted in B2B, so let’s put digital trade credit to the ‘win-win’ test by analysing the wins for merchants and buyers.

Kriya Team
 min read
Read more