How would you explain to someone new to our ecosystem what Tbig Finance is?
Tbig is a company dedicated to boosting the growth and development of startups and SMEs. Our mission is to support them in achieving all their goals by leveraging our extensive knowledge and expertise, aiding in the precise definition, implementation, and monitoring of the best financial strategy. We rely on three pillars that constitute Tbig’s DNA and are integral to our corporate culture: a commitment to innovation in both technology use and the creation of new services tailored to our clients’ needs; customization, seen as the ability to adapt and understand the business model of each company; and last but not least, our experience, built on the more than 50 years accumulated by Tbig’s management team, which allows us to transfer that knowledge to our clients.
What is the profile of the startups that seek your services?
We don’t have a defined profile since each startup is at a different stage and has different needs. We work with startups that are in early stages as well as those that have already gone through several funding rounds.
As mentioned, one of our values is customization, which allows us to support startups at each growth stage while always helping them apply the best financial strategy tailored to their current and future needs.
In a sector that values speed and agility, where innovation is key, do you think startups are aware of the need to manage their finances, or is it a secondary concern?
Startups are increasingly aware of the importance of implementing a proper financial strategy, especially considering the backdrop of 2023, which saw a decrease in available capital for investment and a paradigm shift favoring profitability over growth.
These two factors have helped entrepreneurs understand that a correct financial strategy enables access to capital and a focus on profitability.
Does proper financial management translate to better growth?
Indeed. Capital resources in a startup, especially in the early stages, are limited both in time and amount. If these capital resources are correctly allocated, it’s possible to achieve milestones that support growth and the attainment of the startup’s goals.
How do you manage communication flows with your clients and administration?
Our communication with clients is fluid and continuous, allowing us to be aware of each startup’s situation at any given time. Beyond financial ratios that measure the financial health of a startup, there are qualitative factors that can only be captured through ongoing relationships with entrepreneurs. Our working methodology enables us to be an integral part of the startup’s team, providing financial reporting tailored to each startup, which facilitates making the best financial decisions.
You work within the ecosystem; how do you view the evolution of Valencia as a hub of technological innovation?
We are pleased to see how the Valencia ecosystem has evolved and believe we can be proud of what has been achieved in a few years and the solid foundation laid for continuing to be a reference as a hub of technological innovation.
The collaboration between public and private entities is always the key to success in positioning oneself as an entrepreneurial ecosystem, especially as the option to undertake is increasingly prevalent. From this perspective, Valencia is a benchmark since we have all the ingredients needed for continued growth and value contribution to the ecosystem.
How do you value the visibility and positioning that international technological events like VDS provide?
VDS has quickly become one of the reference events in the technological and innovative ecosystem. Each year, the quantity and quality of participants, lectures, and panels increase, and the number of visitors constantly grows, breaking attendance records year after year. An important detail is the number of international attendees who come to VDS each year due to the event’s significant impact on the international scene.
And about Startup Valencia? What does it mean for you to be part of the association and join forces as a partner to boost the Valencian entrepreneurial ecosystem?
We are very comfortable being part of an association like Startup Valencia, which does so much for the ecosystem as a driving and integrating element.
We recently became partners, and we were particularly excited about it because we like being part of Startup Valencia as a reference for entrepreneurship. We would like to contribute to the ecosystem everything it has given us, and what better way than to do so together with you and the rest of the association’s excellent partners.
We are clear that whatever is within our power to continue growing and improving Valencia’s ecosystem, we will give our best to achieve it.
