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All Posts By

Kevin Kang

Credit Cards

Virtual Banks and What It Means for Hong Kong SMEs

Since January this year, the Hong Kong Monetary Authority has issued 8 new virtual banking licenses, with the latest batch released last week.

Posted on 
May 14, 2019
  by
Kevin Kang
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Leadership

運用私人貸款成就你的創業大計

創業絕非易事,找尋合適的資金來源往往是創業之初的一大艱鉅挑戰。如果你的銀行帳戶並無巨額儲備,你便需要從其他途徑找尋所需的現金,方能順利實踐大計。 小企業為公司籌組資金時,有多種借貸的形式和途徑可以選擇,例如:備用信貸、銀行融資、另類借貸人、私募基金和眾籌等等。但私人貸款呢?你能用私人貸款來營商嗎?

Posted on 
Apr 12, 2019
  by
Kevin Kang
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Growth Opportunity

Buyer initiated payments: Increasing payment terms & optimizing working capital

Reap allows you to pay any recipient using any credit card, sending funds securely from the card directly to the recipient’s bank account, without the recipient needing to set up any kind of merchant account, processor, payment gateway or point-of-sale device. We have received a lot of questions in the past months about how this works, and so today I wanted to explain more about the model behind the scenes.

Posted on 
Apr 5, 2019
  by
Kevin Kang
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Managing Money

Looking For Short-Term Cash Flow Solutions in Hong Kong? What Option Is Right For Your Business

If you have an immediate cash flow problem, then the quickest fix might be a short-term financing solution. It’s the fastest way to get money in your bank account if you don’t plan on receiving any large revenue payments within the next day. Find out in this article, the 3 best options for your business in Hong Kong for short-term cash flow solutions.

Posted on 
Mar 28, 2019
  by
Kevin Kang
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Cross Border Payment

Cross Border Payment Options for SMEs for Hong Kong

For a large number of small to medium businesses here in Hong Kong, cross-border or international commerce is a large part of their day-to-day operations. This includes both selling and buying from international counterparties. What this means for businesses, is that they will constantly face issues with FX, remittance, transfers and dealing with foreign payment costs that are not always be clear. So it becomes important to understand what the options are when it comes to sending money overseas for business purposes.

Posted on 
Mar 14, 2019
  by
Kevin Kang
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Credit Cards

How do I get a Business / Corporate Credit Card as a SME in Hong Kong

As your small business grows, your management needs will, too. You’ll have more employees, more invoices to pay, more accounts receivable. And you may have too many authorized users on your small-business credit card. At that point, it may be time to change from a small-business card to a corporate credit card.

Posted on 
Mar 7, 2019
  by
Kevin Kang
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Managing Money

Why Won’t Your Suppliers Accept Credit Card Payments? And How To Change Their Mind

According to PRNewswire.com, virtual card payments make up 50% of all B2B payments. Suppliers are accepting virtual card payments now more than ever before, but many still rely on outdated payment methods because they believe the fees don’t outweigh the benefits. Despite the most common objections for refusing to accept card payments, virtual cards offer clear benefits suppliers simply can’t ignore.

Posted on 
Feb 27, 2019
  by
Kevin Kang
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Credits & Loans

Is It Better to Get a Business Loan or a Business Line of Credit?

Small and medium sized business owners often will face this question when they have achieved a certain level of scale, and are considering options to finance their continued growth.

Posted on 
Feb 21, 2019
  by
Kevin Kang
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Managing Money

Working Capital Calculator - Demystifying what working capital means for your business

The general definition of working capital is the amount of money used for financing the day-to-day operations of a business. However, what does this definition actually mean in practice? Is it the amount of money in the bank account of your business? Is it the amount sitting in the cash register?

Posted on 
Feb 17, 2019
  by
Kevin Kang
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Cross Border Payment

Going global : SME working capital financing for cross-border trade

As a nation with a relatively smaller domestic population, Singapore businesses have always thrived on being able to enter global markets. This ongoing trend of internationalisation is largely driven by Singapore’s advancements in innovation

Posted on 
Feb 1, 2019
  by
Kevin Kang
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Managing Money

Cash is Still King: How startups can manage and improve their cash flow

Startups live and die by their cash. According to a recent CB Insights study of 101 startup failures, running out of cash is the second biggest reason why startups fail, ahead of having the wrong team, competition, and pricing issues.

Posted on 
Apr 19, 2018
  by
Kevin Kang
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