Starting a business is a big step, but maintaining and successfully growing it remains the most challenging part, which often leads companies with even very good business ideas to abandon their plans in the first year due to a lack of funds. Here, financing becomes a lifeline, which, unfortunately, young or small companies often struggle to obtain. The crowdfunding platform for businesses "FinoMark" shares advice on the challenges companies face and how to address them when seeking financing.

It is no secret that successful business growth requires consistency and purposeful development without stagnation. Unfortunately, in most cases, ideas, enthusiasm, and hard work are not enough – to develop a business, it needs to be nourished with investments. When is the best time to consider the possibility of financing your activities, where to look for it, and what to pay attention to, advises the crowdfunding platform "FinoMark" in a press release.

The crowdfunding platform "FinoMark", aiming to facilitate debt collection processes, is starting a collaboration with the debt collection company "Legal Balance", which operates the platform Eskolos.lt. This partnership will help reduce the risk of delayed payments by loan recipients. Companies that receive funds for business development through crowdfunding platforms sometimes face unpleasant situations where, due to the fault of other parties, such as an insolvent client, they are unable to meet their financial obligations. In such cases, the borrowing company’s credit history and reputation suffer, and moreover, the investor who financed the business loan does not receive their return on investment.

"FinoMark" contributes to the specialised additional education program "Skilled FinTech" at Kaunas University of Technology. This program is designed for motivated KTU students to acquire strong competencies in the field of financial technologies by working in top-level fintech companies, receiving valuable consultations from professionals in this field, and a five-month scholarship.

The expanding alternative financing market has gained a new participant – the crowdfunding platform operator "FinoMark". Experts in electronic financial technology are challenging existing institutions that provide business loans and are further simplifying the processes of company evaluation and loan issuance. Recently launched, "FinoMark" is already accepting applications for business loans and offers competitive conditions for medium-sized businesses and exceptional financing opportunities for small business entities.