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Flat White

Now more than ever small business needs to be paid on time

9 July 2021

1:15 PM

9 July 2021

1:15 PM

My heart was gladdened recently by the spectacular collapse of Greensill Capital, once a darling of the financial and (some) political elites in Australia and Britain. I know it’s unbecoming to gloat over a business demise, but I viewed Greensill’s business model as dodgy and exploitative of small business.

Greensill was a ‘leader’ in reverse factoring, also known as supply chain financing.

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