"In terms of cash flow, we count on the support of Myos: without pre-financing of goods, our targets for Q4 would not be feasible."
"Thanks to the help of Myos, we are able to close the delta in equity in the pre-financing of goods and thus place larger order volumes. In times of high freight rates, this is in fact our main strategy."
"We have been using Myos for over a year now and have already received over 450k EUR for product purchase finance and are really really happy with Myos as our financing partner."
The concept behind Myos stems from a befriended merchant who had difficulties raising working capital for the growth of his online shop - despite good figures and visibility on Amazon.
Most banks or fintechs evaluate according to classical risk metrics instead of focusing on the products and their sales potential. What was missing was a solution that would meet the requirements of fast-moving online business and break new ground in risk assessment.
Shortly afterward, at the beginning of 2018, Myos was founded: The world's first asset-based finance for online sellers.
Our management team has over 40 years of experience in finance, tech, and company building. With Myos as the world's first global product-backed working capital provider, we are now breaking new ground together. We are using our disruptive, AI-based risk-scoring model as the cornerstone for this.