ECommerce has experienced rapid growth in recent years, driven by increasing global digitalisation and accelerated by the healthcare crisis. Today, starting an eCommerce business is relatively easy and inexpensive, yet 90% fail to survive the first four months. Of these, 32% fail due to poor cash management.
As entrepreneurs, we have seen first-hand the challenges of running a digital business, from cash flow management to supplier relationships and payments to scalability. In addition, many eCommerce businesses are managed by a single person, making these challenges even harder.
RITMO was founded precisely to help eCommerce entrepreneurs manage their finances through a single platform that allows them to centralise their financial transactions with suppliers and access to flexible financing to improve their working capital cycles without the need (and headaches) of traditional banks. As a result, sellers can focus on what really matters: growing their brand.
RITMO’s founding and executive team is composed of serial entrepreneurs and eCommerce veterans with experience scaling digital B2B software products for SMB’s to over 35.000 users and over $250m portfolio, as well as eCommerce and finance executives from Amazon and J.P.Morgan.
Our team is full of great professionals with driven talent, passion and eagerness to build a game-changer company to solve the financial complexities of eCommerce businesses. If this sounds familiar to you and want to be part of our team check out our job opportunities here.
