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Zero1 SIGNED

A unique suite of Machine Learning (ML) algorithms to battle cashflow problems in SMEs

Total Cost €

EC-Contrib. €

Partnership

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Outcomes and
results

Zero1 project word cloud

Explore the words cloud of the Zero1 project. It provides you a very rough idea of what is the project "Zero1" about.

people food smarter platform lenders borrowing 40 benefits harsh efficient designed unfairly worldwide accessed automatically return supplier suite credit buyers online smes solution spell 75m big private charge ml elevated issue 61 machine alternative agri start hire grant generally reluctant invoices madrid combined commercialisation fees banks give keep financing expertise soon gap affordable zero1 scoring incoming trillion good historical days disaster buyer web cloud malfunctioning paid payment finance trained supply orders stakeholders net investors suppliers payments industry fee ai fintech cashflow holistic chain rate loan national slow receive ebitda data don quick learning sme serious first economy exists wasteful algorithms beledger relationship

Project "Zero1" data sheet

The following table provides information about the project.

Coordinator	BELEDGER TECHNOLOGY SL Organization address address: CALLE PADILLA, NUM 1, PLANTA 2, PUERTA IZQ city: MADRID postcode: 28006 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Spain [ES]
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3. (PRIORITY 'Societal challenges) 2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs) 3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
Code Call	H2020-SMEInst-2018-2020-1
Funding Scheme	SME-1
Starting year	2019
Duration (year-month-day)	from 2019-08-01 to 2020-01-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	BELEDGER TECHNOLOGY SL BELEDGER TECHNOLOGY SL Organization address address: CALLE PADILLA, NUM 1, PLANTA 2, PUERTA IZQ city: MADRID postcode: 28006 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	ES (MADRID)	coordinator	50˙000.00

Map

Project objective

The issue of slow or late payments from buyers can spell disaster for many SME suppliers. Payment terms generally range from 30 to 90 days, with up to 40% of these invoices paid late, creating a serious cashflow problem.

As a result, SMEs need access to short-term financing which is both affordable and quick enough to keep up with incoming orders. Yet, banks are reluctant to loan to SMEs and their credit scoring methods are often unfairly harsh on them. Alternative online financing exists for SMEs, but many of these lenders charge elevated fees or don’t get funding to suppliers when it is most needed: at the start of production.

Our solution: Zero1 is a unique suite of Machine Learning (ML) algorithms accessed through an easy-to-use web- and cloud-based platform. It is designed to finally solve the SME funding gap (currently estimated at 2,3 trillion € worldwide), allowing supplier SMEs to get funding as soon as they receive an order from their buyer, at an affordable interest rate.

We partner with big multi-national buyers, who grant us access to data, such as their historical relationship with a supplier. The suite of ML algorithms is trained to give the supplier a smarter, more holistic credit scoring. The most reliable suppliers automatically get the best terms for borrowing, buyers receive a data fee and private investors get a good net return. The result is a more efficient supply chain, with benefits for all stakeholders and the economy at large.

Zero1 is a project by Beledger, a FinTech start-up based in Madrid. The 4 partners have over 40 years’ combined expertise in finance, agri-food, the supply chain and technology, including big data and AI. During this project, we will first target the agri-food sector, an industry with a malfunctioning, wasteful supply chain and very long payment terms. Zero1 will bring Beledger an EBITDA of 6,75M € in Year 5 of commercialisation and allow us to hire 61 people.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "ZERO1" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "ZERO1" are provided by the European Opendata Portal: CORDIS opendata.