How YUM diversified their product range and achieved cost savings with FundTap
“We love the convenience and accessibility of FundTap. It’s simple which is really nice and has enabled us to do things we wouldn’t otherwise have been able to do.”
- Sarah, Co-Founder
Phoenix Kitchen Transformations have grown exponentially with support from FundTap
“It’s made finances a lot easier, I can buy materials in bulk rather than as I go, which saves me money and valuable time.”
- Aaron, Owner
“We love the convenience and accessibility of FundTap. It’s simple which is really nice and has enabled us to do things we wouldn’t otherwise have been able to do.”
- Sarah, Co-Founder
YUM are the pioneers of delectable, handmade NZ granola and breakfasts available across the country, to households as well as cafes, hotels and supermarkets.
After experiencing high demand and growth, they began observing a pattern in their cashflow and finding themselves in a pinch for a couple of weeks in each month, between receivables and payables, seeking out a solution to help smooth that gap. After speaking to their bank, their bank referred them to FundTap, a highly regarded local invoice financing service.
They were looking for unsecured financing to help with the cyclical pinch they were experiencing. FundTap stood out being a local provider, with a more personal approach to working together, where there was always a person to answer questions and assist.
YUM know the growth level they can support with their own capital, and then they choose to work with FundTap when they fluctuate above this. They have been able to launch a new product flavour, No 8 – 100% NZ grown granola. It was a lockdown idea that they were able to push out to the market in 3 months receiving phenomenal sales and growth with support from FundTap.
YUM value the speed in which FundTap operate, along with the human beings on the other side of the phone to strategise with and come up with solutions. YUM are looking to switch their packaging to compostable materials involving a large level of capital. They have found that start ups don’t look favourable to a bank on a piece of paper, so considering the progress they have made while using FundTap, they will continue working together to achieve success in this key next step of their growth plan.
Phoenix Kitchen Transformations have grown exponentially with support from FundTap.
Phoenix Kitchen Transformations (PKT) are leading kitchen design experts in New Zealand, renovating and redesigning timeless kitchen spaces for any taste and style. After social media marketing in the industry led to rapid growth and increased demand for retail kitchen spaces, Aaron from PKT reached out to FundTap to secure capital to continue to grow with market demands.
Driven by the need to buy materials in advance, pay contractors during a renovation, and with many designs at different stages all at once, PKT knew invoice financing was a fast, trustworthy alterative to traditional bank lending, and looked to FundTap due to their simple processes, and compatibility with Xero, as a solution for cashflow.
For PKT, they found that banks would’ve required they prove they didn’t need financing, in order to obtain bank financing.
With prior knowledge of the invoice financing industry, PKT phoned and instantly had confidence in the team and FundTap service, noting the fees are very reasonable and the speed in which funding was advanced.
Once funding was advanced, Aaron particularly rated the simplicity of the process, being able to connect FundTap to his accounting software meant a seamless process.
Aaron also rated the contactability of the team at FundTap, the speed at which things can be sorted, particularly in times where it’s more urgent. He really appreciated that they are assessed on thier own merits, not just placed into a generic box.