During this pandemic time, many of my friends who were from the startup community were doubtful about getting funding and approaching the right investor. I am writing this article to those who are looking for their first check.
We at Finline help entrepreneurs and professionals create financial documents for getting bank loans and funding. Any non-financial entrepreneur can simply create a business plan or financial plan using our easy-to-do online tool. The software will analyze the report automatically and provide suggestions based on the outcome. No expertise in finance or accounts is needed to operate Finline. Finline helped hundreds of entrepreneurs to create beautiful financial reports and thus by getting bank loans easily.
How did we meet?
We got introduced to 100x through KSUM (Kerala Startup Mission). We thought it a great opportunity for early-stage start-ups across all industries looking for their first round of funding. Our pitch was delivered (a very complex presentation with a lot of unwanted areas – when we look back on that). They listened to us carefully and corrected our mistakes over the pitch making us more confident during the session. Their approach wee truly professional and they do respect each other’s time. After a couple of discussions, they selected us for the first cohort of 100x.
Beginning of transformation
When we went to Mumbai for the first Cohort, we believed that we would sign the agreement and deliver the final pitch on the 14th day. But things were so different. We met the best 20 startups handpicked by 100x and the experience, and approach of each one were truly amazing. We made a lot of mistakes during our journey and learning is truly an expensive one if you learn from your mistakes. The first session was with Mr. Sanjay Mehta a truly smart investor. Sanjay understands exactly what each startup needs and also recognizes the potential of each one. He is such an experienced investor who knows what are the common mistakes for an early-stage startup and our sessions were planned to overcome such details.
We got a tremendous opportunity to meet many veterans in the industry through 100x. Specifically, when it comes to fintech we got advice from the top executives from banks and many CFOs. Those who shared their experience and advice even to date helped us a lot to overcome the COVID crisis effectively.
We got the right guidance and multiple opportunities to meet VCs and investors across the table and online. 100x seasoned our pitching and approaches towards investors. Stood with us during the COVID time and advised us of the strategies to make the crisis an opportunity. Now we realized the importance of selecting the first investor. You should be very cautious about that as the early stage in your first stepping stone towards the big leap and we are sure we are with the right investment team – 100x.vc
The most beautiful part of the journey is the community that we build with the other cofounders. It is like a family -an extended team on a phone call away. Most of them were experts in their respective fields. Missing those beautiful days we spent together from early morning to late night on discussions, debates, and parties.
About Finline!
Finline is an online platform for creating financial reports for getting bank loans and investments. It’s like ‘Canva’ but for financials. If you are an entrepreneur looking for a bank loan, you need to have a well-crafted project report. We, at Finline help you with that. Our team will help you create a powerful business plan in ten minutes. That too in your language. Also, all public and private sector banks working in India accept our project report. Click to create your report.
