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According to research from Dext, a leading bookkeeping automation platform provider, one-third( 33 %) of the UK’ s small- and mediumsized business( SMB) owners are losing sleep over paying staff. Ahead of speculated tax hikes from March’ s Spring Statement and employment costs set to rise in April following the Autumn Budget, the figures reveal the alarming extent of financial strain on SMB owners as they navigate the potential hit on their profits and cash flow.
The data, which features survey responses from more than 500 UK SMB owners as well as 100 accountants and bookkeepers,
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ranks rising salary costs( 43 %) and tax liabilities( 39 %) in the top five worries for SMB owners’ cash flow. With nearly two-thirds( 61 %) of entrepreneurs citing cash flow issues as a source of significant stress, it is resulting in nearly half( 44 %) of SMB owners being kept up at night, highlighting the increasing pressure on SMBs in the current financial climate. |
Yango Group, a global tech company bringing advanced technology to local communities, has launched Yango Ventures, a corporate venture fund designed to empower promising start-ups across LATAM, Sub-Saharan Africa, MENAP and other high-growth regions of the company’ s presence. Yango Ventures aims to foster local innovation and entrepreneurial growth by providing both capital and leveraging its extensive experience and network, creating opportunities for start-ups to scale effectively. This support is designed to help them generate sustainable impact within their communities.
Yango Ventures focuses on early-stage start-ups, from Seed to Series B, in the O2O( Online-to-Offline), B2B SaaS
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and FinTech sectors. While it starts with an initial fund of US $ 20 million, the corporate venture fund is designed for scalability, with plans to expand its capital base in the near future alongside the growing entrepreneurial ecosystems in dynamic, high-growth markets. By investing in regions where Yango Group has a strong presence, Yango Ventures seeks to support tech-driven solutions that promote digitalisation and stimulate economic development. |