Micro-capital to help rebuild Ukraine
Micro-capital to help rebuild Ukraine
Accloud is pleased to announce a USD500m support package for Ukrainian Small Businesses by supplying up to a million licenses of its ground-breaking business management tools . This will assist small businesses to recover from the war being waged on its territory by Russia. CEO, Ross James commented “We are very pleased to be able to offer this support for Ukrainian small business, which will help them recover faster than might otherwise have been possible. Accloud has a long history with Ukraine and has many friends there, which it wants to reach out to and support in a meaningful way.” The group will also work with it’s partners to provide much needed micro-capital across its platform during the countries recovery and rebuilding phase.
It’s time to rewrite the rules
By giving people the right tools, we can simplify trading, share access to capital, and lift communities from poverty to prosperity.
For years, these facilities have not been available to smaller businesses, denying them the opportunity to grow. At Accloud, for the first time, we’ve built a platform that puts them all in one place – into the hands of small, mighty entrepreneurs.
Our solution rewrites the rules of enterprise, giving business-owners access to new markets and resources. Now, they’re able grow at the scale of their ambition: driven by Accloud, they can lead their enterprise, economy and nation forward.
There has never been a more important time to harness their potential.
Accloud offers some key benefits
- Will speed the recovery from war by accelerating the journey from poverty to prosperity
- Brings wealth-generating entrepreneurs into the formal economy
- Allows accurate tracking of economic activity and recovery
- Enables greater tax revenue visibility and collection
- Can help drive the economic bounce back from the War and COVID19
How it works
Entrepreneurs’ energy is being stifled by distance to markets, societal pressures and access to affordable capital. Accloud addresses that problem by bringing the marketplace – and essential business tools – to them.
We combine capital, trading, accounting, and tax into one, simple platform. This mobile business solution is easy to for anyone to use, anytime, anywhere. Here’s how it works:
- Businesses get access to the Accloud app on their mobile device.
- It has an easy-to-use interface that can handle multiple languages, which gets owners up
and running, fast.
- This solution helps them capture their transactions, stock levels and tax affairs in one place, and automatically delivers a set of accounts for owners as well as tax authorities.
- Owners can trade in the Accloud marketplace, giving them an immediate digital storefront
no matter what they sell or where they’re based.
- It also offers a low touch environment, ready for the new normal
- The solution is incredibly flexible and can be deployed just about anywhere that trade happens. This means capturing the activity of urban merchants, rural farmers, border town traders, and less appreciated areas of an economy such as refugee camps and settlements.
The bigger picture
The benefits of our platform start at the level of a single business, but rapidly expand out to government, national, and international level.
Tracking the real economic activity in developing markets could be a game-changer, yet it remains elusive. This is chiefly down to the informal nature of vast tracts of the economy, which comprise businesses made up of individuals or small groups.
These businesses are largely cash-based and often operate in remote areas. Despite this, the World Bank estimates that formal small enterprises make up 40% of most emerging economies’ Gross Domestic Product (GDP), and significantly more when informal businesses are included. At such scale they are critical, yet they:
- Fall out of the revenue collection net
- Are not accurately captured as part of total GDP
- And do not always reflect in employment figures.
All this distorts the true nature of the economy of many nations who could benefit from a more accurate view. Increased tax revenue, improved GDP and employment figures could positively affect national credit ratings, access to funding and boost the spending power of governments.
Understanding these flows is not only of benefit to the national accounts. It would support authorities, aid agencies, NGO’s and the many other actors seeking to grow and streamline business and protect the vulnerable.