Berlin, January 19, 2024

As we enter 2024, the economic outlook is cautiously optimistic, but challenges in the financial sector are evident. Declining interest margins and slow economic dynamics are reducing demand for credit, increasing the risk of defaults.

In response to these challenges, there’s a clear call for transformation in traditional financing models. To compete with well-funded international FinTechs, a shift towards increased automation and digitalization is essential, challenging conventional risk management.
Small and medium-sized enterprises (SMEs) feel the heat, compelled to align with sustainability goals and adopt digitalization. Simultaneously, skills shortages, inflation, and rising costs impact companies’ performance.

Amidst this, SMEs urgently need support from the financing industry. Traditional banks, constrained by risk aversion, are unreliable partners. There’s a pressing need for alternative financing sources to empower sustainable companies. Partners offering innovative models like asset-based solutions and ensuring risk transparency are crucial.

If you want to learn more about LABEST and how we support alternative lenders, just book a call with me here via Calendly.

LABEST, a Düsseldorf/Berlin-based startup founded in late 2016, started as a SaaS provider for digital risk monitoring for banks and insurance companies. Today, it secures credit volumes in the triple-digit million range (€) through its innovative cloud solution. Since 2019, LABEST has been bridging the gap between physical warehouse controls and digital warehouse logistics systems. Since then, the FinTech company has been working with banks, financial institutions, and debt funds to bring warehouse financing into the digital world for asset-heavy industries across EU, ranging from trade to production.