Tej Kohli Investor, Invest in payment innovation
Small and medium sized enterprises (SMEs) are particularly at risk of losing money from their suppliers and customers by having an inefficient payments process. Furthermore, a survey by MasterCard found that over half (57 per cent) of international businesses admit to having actively delayed paying their suppliers in the past 12 months as a result of delayed incoming payments. Tej Kohli set up Grafix Softech because electronic payments are becoming increasingly common and inefficient payment processes are losing people money unnecessarily. Getting paid should be the easy part of running a successful business.