| dc.description.abstract | How can entrepreneurs in developing countries benefit from money and expertise they need to grow their business? As a native of Haiti, what would be my contribution to the development of this country? More broadly, how can we use the benefits of technology and what I learned in Taiwan to build “bridges” between capital seekers who have big business ideas and capital providers who have both money and expertise?
Selfinans LLC is a company whose strategy is based on technological innovation. During our master′s degree in finance at National Central University in Taiwan, we had an online discussion with young people about the difficulties of finding financing and expertise from local financial institutions in their countries. Each problem is actually an opportunity! So we got the idea to create a mobile application that will serve as a bridge between entrepreneur from developing world and international investors. For example, this platform called Selfinans LLC will allow a Haitian entrepreneur to find financing, partnership and expertise from a Taiwanese investor.
We were looking for a market segment in the digital economy that was not currently serviced: a reliable and viable connection between entrepreneurs in poor countries and investors throughout the world. We realized that there are several digital financing platforms on the market such as equity crowdfunding, peer-to-peer lending, etc. but none of them offer the possibility for the investor to become a part of the company that he / she finances. In particular, existing online platforms do not allow an average Haitian entrepreneur to benefit from the experience and expertise of a foreign investor in order to create, grow or expand his / her business.
We also found that among the multitude of mobile applications to find financing, few of them are involved in equity financing. Most of these mobile apps companies involve in loans, i-e debt financing. Moreover, there are no existing mobile applications that would allow a business in a poor country (in Haiti for example) to first present its business plan, its financial statements, etc., and then find a right financial partner for its business. So we decided to create one: Selfinans was born. | en_US |