Episode from the podcastThe Global UJ

#10 Philippines: Magellan Fetalino on how Acudeen is solving the liquidity crisis for SME's

Released Wednesday, 21st October 2020
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What do you do when you're a small business waiting on your client's receivables to come in, and in the meantime you've still got to pay for your goods & services, payroll, and overhead? Well this is the same problem that Mario Jordan Fetalino, or Magellan for short, had while helping his family business. Clients would take months to pay you because of the long payment terms, causing a bind for even the most asset rich of companies. Magellan is the Founder & CEO of Acudeen Technologies in Manilla, Philippines, who is on a mission to small & medium sized enterprises with this liquidity constraint in SE Asia. They've won numerous startup competitions and are regarded as one of the fastest growing fintech companies in the Philippines! One thing that I loved was that because of their technology & business model, they are able to help not just large enterprises but even the smallest of businesses! Keep listening to hear how Acudeen & Magellan are making a life changing impact for those businesses! He also told me he makes his own beer, and even though I don't drink, I'll have to get you an update on that when we catch up in Manilla sometime!
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Why limit ourselves as an entrepreneur to just our own backyards when the world has limitless opportunities to make an impact? From the hottest startups, government leaders mobilizing entrepreneurial change, to truly trying to understand the local markets, culture, and people. The Global UJ is a weekly podcast bringing you direct insight from the best entrepreneurs & leaders from around the world. Connecting us all from the developed to the developing nations, and everywhere in between, to look at opportunities on a global level. Things we take for granted may still be a concept elsewhere, resources we have as entrepreneurs vary wildly across regions, but we can make the world just a little bit smaller and see how we can help each other as entrepreneurs by learning about the nuances of commerce within each country. Hosted by Ujwal Velagapudi, a serial entrepreneur & investor bringing together his passion for business & curiosity to learn more about the world through the eyes of entrepreneurship. Ujwal has bought & sold numerous businesses across multiple industries. His professional career was in supply chain management, working in the aerospace & automotive industries, prior to leaving the corporate world to pursue his entrepreneurial ventures full time. Seeking opportunities to acquire, invest, partner, and consult! Follow him on Twitter @UjwalVelagapudi or reach out by connecting on LinkedIn! Keep up with our weekly newsletter to learn more! https://TheGlobalUJ.substack.com Engage with us! https://www.twitter.com/TheGlobalUJ https://www.instagram.com/TheGlobalUJ https://www.facebook.com/TheGlobalUJ https://www.linkedin.com/TheGlobalUJ Prefer to watch instead? https://www.youtube.com/channel/UCy1-GhpMLAboQHSOfjPME2A?sub_confirmation=1 Want to support our show? https://www.patreon.com/TheGlobalUJ Learn more & request to be a guest: https://www.TheGlobalUJ.com

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