[USA-MN][IMPORT][15] Cofounder wanted for Fintech in Importing finance sector.

Overview: It’s a unique twist on Supply Chain finance that gives importers interest free credit terms at no risk to the supplier. The problem: I have sourced and imported products for my business clients for many years. Though credit terms are standard practice domestically, it’s extremely rare for overseas suppliers. I have found that most overseas suppliers would love to offer credit terms to have that advantage over the competition, it’s just understandably too risky since they are in a different country. Regardless, this makes importing really hard on a company’s cash flow and normal financing comes with debt services cost, and isn’t available to many businesses. The problem I am trying to solve is a lack of credit terms from overseas suppliers. The total addressable market is significant. Solution: My background is negotiating with overseas suppliers. I found though suppliers are not able to offer credit terms, they are many times very willing to offer discounts to me if it meant I gave their customer Net30 terms. I have developed a structure that turns even small discounts into unheard of Annualized ROI. Where I am now: I had a functioning MVP made complete with optional Crowdfunding capability. I also consulted with an SEO lawyer and did a whole lot of research. I used the structure with my own capital on one of my existing clients half a dozen times with perfect results (Partial market validation). Then life called me away from this project so I had to put it on the shelf where it got dusty. Now, I am able to devote myself to this again and think the opportunity now is greater than ever. Opportunity: I think I found a way to eliminate risk almost entirely with a specific target market because of the natural short term lending structure and the nature of longer importing lead times. I want to explore that strategy further. Regardless, the key is finding the right team that can help streamline the process and create demand so it can scale. My actuaries show, at full capacity anyway, an average 5% supplier discount can achieve a 146% annualized compounded ROI due to my unique supply chain based structure. (Compounding is a wonderful thing) With such a service, there are multiple other additional opportunities to leverage in the future to raise that return significantly. About you: I am the supply chain expert with a strong background in engineering, product development, working with Chinese suppliers and importing. I also have a lot of experience concepting website/ software ideas and working with the developer to make it happen. My greatest weakness is selling or finding more customers. Doing anything productive with what I built is where my skills fall off. That is what I need the most help with. You are: Sales: You are highly experienced in selling directly to businesses that buy/sell physical goods. That doesn’t have to be experience with financial products, but it would be a plus. Marketing experience also a plus. Finance/ legal: You are experienced in business finance or business finance and related tax law. Understanding of SEC v Howey is a plus but not required. Being open minded and willing to push boundaries is required. Marketing experience also a plus. submitted by /u/Due-Tip-4022 [link] [comments] https://www.reddit.com/r/cofounder/comments/rp58jb/usamnimport15_cofounder_wanted_for_fintech_in/