Australian beverage manufacturer, Nexba, started their business in 2010 with the launch of an alternative range of healthy ice teas. They were an amazing success. In 2016 Nexba introduced Australia’s first range of naturally sugar-free soft drinks with no artificial ingredients, flavours or sweeteners. Their sales tripled.
Nexba’s success caught the eye of former David Jones boss, Paul Zahra. He came on board as an adviser and investor in early 2017 to support Nexba’s vision “to transform lives by being the naturally brave brand, delivering naturally sugar-free product innovation”.
Growth has come from partnerships with retail giants like 7-Eleven, Chemist Warehouse and Coles but working with global brands and big market players meant bruising payment terms. This gave Nexba significant cash flow challenges.
Nexba co-founder, Troy Douglas, says his company initially chased traditional banks but found their funding structures just weren’t flexible enough.
In 2017 Nexba won the Australian Food News Product of the Year and, most excitingly, established an Australia-wide beverage partnership with Domino’s Pizza. “I can honestly say Timelio is why we’re where we are today. Before they became our strategic financial partner, we averaged 60 days to be paid. Now, if we choose, it can be the same day. Amazing!”
With Nexba’s cash flow problems sorted, there was freedom, security and safety to work on driving more sales, growth and innovation. Nexba quickly evolved into a dynamic, multicategory beverage maker that is leading the naturally sugar free market.
According to Troy, Timelio and Nexba also share something unique.
“We’re both young businesses achieving big things, both challenger brands that enjoy a synergy and a camaraderie. In a way, we’re in it together.”
David and his team have made this process from set up to management of each invoice simple and easy navigate. The website for managing the invoices is easy to use and provides all details required. The team are responsive to queries knowledgeable with their help and advice. Thanks Timelio Team!
Setup is very easy and the Timelio team were extremely helpful throughout the entire process. Funding was approved and available within 24 hrs as promised. I would highly recommend Timelio.
Timelio was the answer to our funding needs. They are willing to listen and recognise that not all businesses are the same! They took time to understand our business and our strategy. The service is easy to manage, responsive and flexible. The fees are clear and upfront.
The Timelio platform has worked extremely well for my company. Every invoice we have submitted has been financed with a minimum of delay or fuss. I feel very willing to recommend it to any company that has solid invoices but needs to improve its cashflow.
Great alternative for new and coming companies to manage stock, receivables and growth. Fast and with good systems to make experience really smooth.
We love Timelio and have been funding some of our biggest customers. The platform is easy to use and we get a quick turnaround with funds into our account. It has made our cashflow improve immensely. Their fees are the most competative in the market. I would not hesitate in recommending Timelio.
MELINDA MINA GNIOT
Timelio is not your average invoice factoring company. They are very innovative with their approach to lending - even with debtors funding. I am impressed with how efficient they are in pulling the deal together - they have taken my old funding partner and myself by surprise.
We found Timelio at this years Xero conference, and it was very 'Timelio' if you get my drift. Within a week Charlotte and her team helped turn our cash flow problems around. Timelio is a very important partner in our business and we look forward to growing with you.
Timelio is a truly unique financial service that will work close with your business to achieve its goals and assist with growth. Coming from a history of using companies like Scottish Pacific and Bibby financial services I can clearly state that Timelio is a much more business friendly and well structured institue with no hidden charges and uncertainties.
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