Publications
Publications
- September 2014
- HBS Case Collection
Entrepreneurial Finance Lab: Scaling an Innovative Start-up Financing Venture
By: Joan Farre-Mensa
Abstract
The Entrepreneurial Finance Lab (EFL) is a financial technology start-up that has developed a new tool that uses psychometric tests to aid banks in developing markets with credit scoring of business loan applicants. EFL's ultimate goal is to solve the financing gap problem faced by small- and medium-size enterprises (SMEs) in the developing world. While plenty of opportunities still exist for expansion into new countries and even into new markets such as consumer lending, EFL has just discovered that LAB, which is still the company's largest customer, is unlikely to renew its contract. EFL now needs to decide whether to continue its expansion or retrench and re-evaluate its business model.
Keywords
Citation
Farre-Mensa, Joan. "Entrepreneurial Finance Lab: Scaling an Innovative Start-up Financing Venture." Harvard Business School Teaching Note 815-064, September 2014.