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Zero1 SIGNED

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

Total Cost €

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EC-Contrib. €

0

Partnership

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 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.

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

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 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.

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