Tekne

Problem

With over 35 years in business and more than 100 employees, Tekne is a well-established name in specialty vehicles and defense. But sales have significantly increased in recent years as their speciality vehicles have won awards and major contracts, and their counter-UAV electronics have seen huge demand as drones have become central to battlefield strategies.

Tekne produces custom products for government buyers with long payment terms. Keeping pace with demand strains cash flow and requires planning to ensure that orders met financial and operational milestones.

Solution

Klear supported Tekne in selling over $20 million of orders leveraging our non-dilutive financing

• Tekne accelerates growth by leveraging working capital in their orders, unlocked by the Klear platform

Planning provides confidence to accept large orders

• Tekne uses Klear to forecast expenses, revenues and milestones to ensure projects stay on time and within capital constraints.

Reduced Cash Conversion Cycle

• Tekne uses Klear’s platform to manage the gap between paying suppliers and getting paid by customers, reducing the amount of working capital needed to fulfill orders.

Outcomes

• Accelerated growth

• Cleared order backlog

• Sped up order delivery

• Created confidence to take large orders

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