Harvey Nijjar Discusses Multifi’s Strategy and Partnership with Wiserfunding

Multifi is a UK-based financial platform providing flexible, unsecured credit to small and medium-sized businesses for managing cash flow, purchasing equipment, and handling payroll. It offers competitive FX rates for international payments, fixed fees with no hidden charges, and an easy application process. With credit based on turnover and flexible repayment terms up to four months, Multifi simplifies access to finance by removing traditional barriers.

We spoke with Harvey Nijjar, Chief Financial Officer and Co-founder of Multifi, to learn more about the company’s approach and how their partnership with Wiserfunding helps provide businesses with flexible and accessible financial solutions.

Q1: Could you tell us more about what Multifi does and your role in the company?

Harvey: At Multifi, we understand that seeking business finance can be frustrating for many small and medium-sized businesses. Cash flow issues and late payments are common struggles, and many businesses are often denied the finance they need to grow.

Multifi is on a mission to take the faff out of finance. We offer flexible, unsecured credit to help businesses cover expenses like equipment, stock, bills, payroll, and more. With fast access to funds, we simplify the process, removing barriers and enabling businesses to focus on growth and success.

As CFO, my job is to ensure our financial stability, manage risk, and make sure we are well-positioned for long-term growth. I also oversee the tools and strategies we use to make informed, data-driven decisions.

Q2: How does your collaboration with Wiserfunding help you in your activities?

Harvey: One of the biggest challenges we faced when we started working with Wiserfunding was making quick, well-informed decisions about which businesses to lend to. We needed to assess risk accurately and consistently, so we were looking for a platform that could streamline this process.

Wiserfunding provides a broad range of financial data, from traditional metrics to alternative sources like transaction behavior. This approach has given us a much clearer and more complete picture of our clients’ financial health, making it much easier to assess risk and decide whether to lend. This allows us to address any potential risks before they become bigger issues, helping us manage our portfolio more effectively.

Q3: Why did you choose Wiserfunding over other platforms, and why do you continue to rely on it?

Harvey: The platform is very easy to use, which allowed us to get started quickly without the need for extensive training or a long onboarding process. But what really made a difference was the quality and depth of the insights we gained from the platform.

It’s also been great knowing that if we ever need more details or have questions about the reports, we can always reach out to the Wiserfunding team. They’re always available to walk us through the data and explain things, which really boosts our confidence in the decisions we make. It’s reassuring to have expert support when we need it.

Q4: What are your goals for Multifi in the next few years, and how do you see Wiserfunding continuing to play a role in your success?

Harvey: Over the next few years, we’re focused on growing and offering more tailored financial solutions to small and medium-sized businesses. As we expand, it’s important for us to stay ahead when it comes to managing risk and improving our operations. Our goal is to make finance more flexible and accessible to support businesses as they grow.

Wiserfunding will be a crucial partner in this journey. With their continued innovation, we’re looking forward to using their new tools to reduce risk and make smarter decisions as we scale.

Building the Future of Finance Together

It was a pleasure chatting with Harvey and learning more about how Multifi is supporting businesses. Their dedication to offering flexible funding solutions is impressive, and it’s exciting to see how they’re harnessing Wiserfunding’s platform to make more informed, data-driven decisions.

At Wiserfunding, we’re proud to be an integral part of Multifi’s journey and look forward to further strengthening our partnership as they continue to grow and evolve.

If you’re looking for a trusted partner to help you grow, don’t hesitate to reach out to us today. We’re here to help your business thrive.