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.”
MORE REVIEWS FROM TRUST PILOT CLICK HERE