Business News of 2014-02-04

Aztec Money offers SMEs global trade platform

Aztec Money is giving over 300 registered businesses in Ghana a platform to reach the global market through a digital marketplace which has the ability to process billions of trade receivables annually.

This is expected to reduce the geographical barriers which limit international business and hinder the flow of funding between suppliers and investors. The result is that the challenges faced by suppliers in Ghana who lacked funding could now be a thing of the past.

The sheer quantity of the transactions taking place on the Aztec Money portal is possible because the platform leverages technology to place those seeking funds in touch with financiers throughout the globe.

Falling in line with cutting-edge business trends of the interconnected Information Communications Technology (ICT) era, the establishment of Aztec Money’s cutting edge platform connects suppliers and investors irrespective of where there are situated, and is a boon for international business, particularly on the African continent.

Small and Medium Enterprises (SMEs) are facing immense hurdles, causing many to crumble or fold up. The nature of SME business is such that they are comfortable with peer-to-peer funding and are often intimidated by the red-tape and complex processes that accompany formal financing methods.

The Aztec Money platform, which is an online global marketplace, provides a respite for these companies as it offers simple electronic access to billions of dollars annually by establishing a trustworthy and compelling alternative to banking.