Ghent, 4 October 2018 - Ghent-based WinWinner, which specializes in guiding companies in their search for growth financing, has reached the sum of 10 million euros in raised financing for entrepreneurs in September.
More and more startups require external funding, Hands-on guidance on the right type of funding is crucial to succeed, Tax incentives give startups and scale-ups better access to funding
Flemish growth companies can’t or don’t always want to approach their bank when they need money to grow. Just 3 years ago, WinWinner started developing a solution to this problem and created a one-stop-shop offer for companies that want to raise money through various forms of financing (win-win loans, ordinary loans, capital investments, crowdfunding, bank loans, etc.). WinWinner guides the companies in this process from A to Z.
More and more demand for funding
The many initiatives around (alternative) financing in Belgium prove that there is a need for such a solution. In less than 3 years, a total of 10 million euros in financing was raised through WinWinner with more than 500 investors and financial parties. Notably, 9 of the 10 million have been realized in the last 17 months.
Some of the financed companies are now well-known names in the Flemish entrepreneurial landscape. For example, Wim Ballieu, known for the Balls & Glory restaurants, raised more than 200,000 euros in no time. The world's first fully electric speedboat, fabricated by Liso, was also financed by various business angels.
"By giving my customers and suppliers the opportunity to invest in my business, we were able to create ambassadors and we could continue to grow", says Wim Ballieu, founder of Balls & Glory and WinWinner customer from the very beginning.
Deputy Prime Minister Alexander De Croo also mentioned startup funding last Tuesday at the event of the FPS Economy - Financing for SMEs and the self-employed - "More opportunities for start-ups means more opportunities for innovation and new jobs. Tax-friendly financing measures such as the tax shelter for start-ups provide starters better access to finance and also ensure that money on savings accounts is used to grow the Belgian economy."
Healthy Flemish business environment
The growing number of companies that turn to WinWinner confirms that the Flemish business environment is healthy. In the last 6 months, more than 500 entrepreneurs have contacted WinWinner for guidance, which is twice the amount of the same period last year.
"This success also exceeds our wildest expectations," says Aelbrecht Van Damme, CEO, and co-founder of WinWinner. "We help companies determine their financing needs and translate this need to the market. The feedback from entrepreneurs clearly shows that there is a great need for this solution. "
WinWinner is a company from Ghent that was founded in 2016. The company specializes in helping entrepreneurs with their financing need. To this end, they developed a specific methodology to ensure that supply and demand in the financing market find each other effectively. In the first 3 years of its existence, WinWinner was able to match more than 100 companies looking for funding with more than 500 investors.