FundKiss is one among the first start-ups that has been incubated by Turbine.
After months of research, preparation and hard work, Paul Perrier, Ludovic Rajibe and Alexandre Béchard, the co-founders of Fundkiss, are now ready! They launched Fundkiss in the Mauritian market last month, making it available for all SMEs seeking financial help and investors willing to help local entrepreneurs.
Below is their exclusive interview with Turbine.
What are the main reasons for founding FundKiss?
While observing the financial ecosystem in Mauritius, we, the cofounders of FundKiss, identified the need of a more streamlined approach to raising capital for small and medium enterprises(SMEs). Leveraging on our collective experience in finance which was acquired both locally and internationally, we joined forces to launch FundKiss. FundKiss operates the island’s first licensed crowdlending platform that allows anyone to lend money directly to an SME. This innovative solution is known as crowdlending.
FundKiss leverages on the power of its community (the crowd of lenders) to support SMEs with an alternative fast financing solution. Also, lenders can invest in local companies, thereby enjoying solid returns while supporting the local real economy. FundKiss empowers people who want to make an impact locally and support Mauritian SMEs.
Who can use this platform and its services?
Our platform plays a dual role, both for borrowers and for lenders.
As borrowers, SMEs and entrepreneurs are able to present their creative ideas to scale up their business to FundKiss and have the opportunity to feature it on the platform to raise funds and achieve their goals.
As lenders, corporations and individuals have the unique opportunity to invest in great SMEs’ projects and achieve solid returns.
For example, since we launched FundKiss, we have received numerous requests from a variety of small and medium businesses in Mauritius. All eager to find an alternative solution to finance their projects.
Why launching FundKiss now? Why is it the right time to launch this platform?
The business ecosystem of our country is changing rapidly and so are the needs of Mauritian businesses. We believe that FundKiss comes at the right time by offering an innovative financial solution to our business community that is not only in line with international trends but also with the mentality of our entrepreneurs.
Why the name FundKiss?
The name “Fundkiss” is made up of the word ”Fund” and the acronym “Kiss”.
The company provides a platform where SMEs can raise funds to finance their projects and lenders can invest their funds in interesting projects. Like our platform, the word “fund” connects the borrowers to the lenders
As we pledge to ensure transparency, rapidity and simplicity, we incorporate our promise directly into our company name and use the acronym “Kiss” for Keep It Smart & Simple,
This is how the word ‘FundKiss’ came to life.