Finrocks
Expanding your business with flexible loans
Founded
2019
Industry
Information Technology & Services
Size
30+ employees
Location
Hamburg, Germany
Silvr Use Case
Growth Financing
Finrocks seamlessly bridges the gap between business needs and technology by turning business questions into tech answers. With fluency in both corporate and tech languages, Finrocks ensures that entrepreneurial goals are expertly translated into technical execution, delivering innovative solutions that genuinely meet client needs.
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The Challenges
International Expansion
Expanding the business, including establishing a presence in Dubai, requires significant coordination and financial resources to break into new markets.
Financing New Projects
As Finrocks diversifies and explores new business opportunities, such as entering the solar energy sector, the need for reliable and flexible financing becomes apparent.
Complex and Slow Credit Processes
New projects require significant capital investment, and traditional banking options often involve cumbersome processes and restrictions that slow progress.
Alexander Braune, Founder & Managing Director
The Solution
A Short-Term Business Loan
Silvr offers short-term business loans using proprietary data-based scoring technology. This means that loans are approved faster than at traditional banks, which usually require extensive documentation.
Flexible Use Cases
Silvr gives Finrocks the flexibility to allocate funds according to business needs, whether to finance new ventures or cover operational expenses such as office rent for the new Dubai location.
“Compared to our experiences with traditional banks, where processes can be slower and more conservative, Silvr stands out distinctly. Traditional banks often need help understanding why a company with a substantial balance, like 100,000 euros, might still need additional financing.”
Alexander Braune, Founder & Managing Director
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The Results
A New Location in Dubai
With the support of Silvr, Finrocks has successfully established a new office in Dubai, ready to tap into the growing local fintech market.
A New Business Venture
Finrocks successfully entered the solar wholesale market, expanded its business and started a new company with Peeek.
A New Way of Looking at Financing Solutions
Silvr has positively influenced Finrocks's approach to financing solutions. The company appreciates the efficiency and clarity of digital and data-driven financial solutions like Silvr.
“We repeatedly recommend Silvr to other businesses because of their simple and efficient financing. Silvr is particularly useful for startups and businesses facing cash flow challenges, as it offers fast, uncomplicated financial solutions that help manage finances efficiently.”
Alexander Braune, Founder & Managing Director
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