economy
'I think you have something amazing': how UK Export Finance helped a Black-owned startup go global
Entrepreneur Tayo Adebisi has turned her small retail startup into a major operation selling to overseas markets. It’s all thanks to a winning combination of determination, expertise – and some invaluable encouragement
TL;DR
- Tayo Adebisi started TilzMart selling seasonal items online, which quickly showed potential for significant growth.
- The business faced challenges with inventory, overseas buyers, and payment terms, exacerbated by the Covid-19 pandemic.
- As a Black-owned business, Adebisi encountered additional difficulties in accessing export finance.
- UK Export Finance (UKEF) provided essential support, including connecting Tilz Prosperitas with a finance provider and offering expert guidance.
- UKEF's assistance allowed the business to focus on growth, secure jobs, and expand its presence in the EU and North America.
- Tilz Prosperitas aims to reach £9m in export targets by 2029 and plans to expand into Canada.