Empowered by the Blockchain revolution, we are entering a brand new age: the age of FinTech.
FinTech is completely revolutionizing the ways in which businesses in developing economies have financial access to the world. InventoryClub is an inventory financing marketplace that aims to support the sustainable development of Commonwealth countries.
At our core lies a mission to bring members (also known as financial backers) together with merchants from Commonwealth nations, creating a focused community driven by the long-term vision of opportunity, growth and prosperity for their countries.
Members participate by providing financing of inventory for e-commerce merchants, who benefit by getting the sufficient levels of inventory they need to meet customer demand and achieve business growth.
Merchants are then better able to market and sell their inventory, build and expand their e-commerce business, and generate lucrative profits and returns for themselves and their financial backer(s), simultaneously adding to the driving force behind the growth of the collective Commonwealth economy.
On the other hand, members from all corners of the world get a chance to pursue business opportunities that are capable of bringing them exceptional financial returns, on both a short and long term basis – also knowing that their involvement is contributing to a bigger purpose.
Why Only Accept Merchants From Commonwealth
At present we are focused and dedicated to supporting the Commonwealth e-commerce market, and as such only merchants from Commonwealth nations can receive financial backing.
You may be wondering why we do this instead of opening our platform to any merchant from anywhere in the world.
Below is a glimpse at a few of the top reasons why we are focusing solely on merchants from Commonwealth countries.
Large And Growing Global Market For Goods And Services
The Commonwealth is fundamentally a collective of 52 countries, which together have a total population of around 2.3 billion people. Most of the population, about 94%, are based in regions of Africa and Asia, which are known to have a high number of internet users, particularly via mobile devices.
For example, India, one of the most populated countries in the Asian region, holds around 432 million internet users. Nigeria, another populous Commonwealth country boasts of a massive 96 million internet users.
Therefore, the Commonwealth region has a very large e-commerce market for various goods.
In addition to having a large market, the Commonwealth has one of the strongest and fastest growing e-commerce markets in the world. As it stands now, the market is worth around $2.2 trillion, and this figure is expected to double by the year 2021.
The volume of intra-trading among Commonwealth member states is also very high, with experts forecasting that it will reach a record high of $1 trillion by 2020.
Working with merchants from Commonwealth nations enables us to provide direct access to this vibrant yet under-served e-commerce market. As a member, this gives you a powerful position to leverage lucrative business opportunities and receive predictable profits.
Fewer Trade Barriers For Commonwealth Intra-Trade
International e-commerce trade suffers from several challenges including physical barriers, language barriers, technological barriers, high taxation when importing and exporting goods, and more.
However, in the Commonwealth, merchants do not have to worry about many of these problems. The common language, English, makes it extremely easy for merchants to source and sell their goods as they can interact comfortably.
Most of the countries in the Commonwealth region also use a similar legal system (the common law system or systems derived from it).
On top of that, Commonwealth nations are party to the Commonwealth Free Trade, which works to remove various trade barriers between member countries.
This affords Commonwealth merchants an almost frictionless process selling and shipping their goods to the Commonwealth market. Due to the removed trade barriers, especially high taxes, it becomes 19% cheaper to trade. This makes it possible for them to enjoy a larger profit margin, and therefore a larger financial return for you as a member.
Commonwealth Merchants Help Attract Diaspora And Non-Diaspora Financial Contribution
The Commonwealth region holds a huge e-commerce market. It also enjoys a large number of potential financial backers.
A good number of them are members of a diaspora due to the high levels of migration from Commonwealth to Western countries (particularly in the last two decades).
With diaspora remittance at $30 billion annually, it’s estimated that the annual financial contribution potential of the diaspora into the Commonwealth is $76 billion.
Diaspora Financial Backers Want To Contribute To Home Countries
According to research on diaspora financial backers, many people tend to have more accurate information regarding financial opportunities in their home countries.
With this superior knowledge, many diaspora are likely to possess a strong desire to fund business ventures from their home countries.
In working with Commonwealth merchants, we aim to attract large numbers of diaspora looking for business opportunities to back.
What does this do?
Simply put, the increase in diaspora financial backing helps boost the confidence of financial backing from non-diaspora, attracting a wider range of financial backers.
As a result, Commonwealth merchants are able to access even more financial support, which helps to boost the growth and expansion of the Commonwealth’s e-commerce market.
Why you care: more financial backers mean a faster growing e-commerce market, which means merchants selling your financed inventory and getting you your return and profit goals faster.
The “Patriotic Effect” Through Financial Contribution
When diaspora are choosing business opportunities to fund, it is more than just selecting an opportunity with the best risk adjusted returns. Many of them have been shown to prefer funding business in their country of origin.
These financial backers do so even when the ventures may appear risky or when the profit margins are likely to be smaller than other countries.
Higher Levels Of Trust Between Commonwealth Merchants And Diaspora Financial Backers
When looking to support a business opportunity financially, a good number of diaspora tend to shy away from various ventures in their new country due to a lack of trust.
However, when it comes to backing business opportunities back in the Commonwealth region, there can be a higher level of trust in doing business between member states.
Things such as common languages, similar legal systems, similar cultures, and so on are often what lead to this higher level of trust. Commonwealth diaspora are more likely to fund Commonwealth merchants due to this level of trust in doing business.
The Commonwealth e-commerce market is growing to be a major global market where a large consumer base can better access goods, meeting their wants and needs, leading to merchants earning huge profits. However, the region faces one major challenge – a high number of lesser developed economies, where merchants have a hard time accessing financial funding to meet inventory needs.
We are helping to solve this challenge by connecting Commonwealth merchants with financial backers who can provide them with the necessary financial support to overcome insufficient inventory levels that often stagger or halt business growth.
Merchants will now able to enjoy access to levels of inventory sufficient for business growth, no longer obstructed by difficulty getting financing from traditional lenders. You as a member will benefit through access to lucrative opportunities.
Together, as a community, we will be taking part in the growth and development of the Commonwealth e-commerce market.
Interested in learning more about how InventoryClub can help you take advantage of the tremendous financial opportunity that is happening right now in the Commonwealth? Check out our whitepaper.