Cass Dubai event addresses role of internet technology in SME funding
SME sector is already deriving benefits online, experts say
A group of senior business professionals will meet next week to look at how technological advances can open doors to different sources of funding for small to medium enterprises (SMEs).
The panel discussion - "Alternative Financing: The Role of Technology"- has been organised by Cass Dubai in partnership with Eureeca, the first global crowdinvesting marketplace.
The event will be hosted by The Capital Club, Dubai's premier private business venue, located in the Dubai International Financial Centre.
The invited speakers will include:
• Chris Thomas, Co-founder and CEO of Eureeca
• Narain Jashanmal, director within the Jashanmal Group
• Dany Farha, founder and CEO of BECO Capital
• Christian Mouchbahani, Founding and Managing Partner at M Capital Group
• Loulou Khazen Baz, founder & CEO of Nabbesh
Keynote speaker Chris has over ten years' experience in launching and running businesses. During his career he has helped other enterprises with various angel investments.
He comments: "The reality is that 70% of jobs in this region are made up by SMEs. These companies often struggle to find the funding needed to expand, grow and scale.
"We live in an era where all of us through the power of technology have amassed expansive networks both online and offline.
"Crowd investing has emerged as a viable and powerful means for businesses to reach these networks, raise capital and gain the much needed investment."
Cass Regional Director, MENA region, Ehsan Razavizadeh says: "We are proud to work with Eureeca to host an event dedicated to addressing the necessity of alternative financing for SMEs.
"We have has been supporting the needs of business executives in the region here at Cass Dubai since 2007. Our panel will share insights into the role of technology in the area of SME funding."
Emma Cullen, The Capital Club General Manager, agreed: "A robust SME sector is one of the most important elements in a healthy and sustainable economy. This panel discussion will shed light on the many ways that technology can positively impact funding and create new avenues for financing."
The debate forms part of a series of SME focused events. These events explore the latest developments in technologically aided financing and feature knowledgeable figures in this emerging field.