Buy Local Booster
Increasing the impact of expenditures
Ch@nging money …. make it work for communities!
STRO introduces the Buy Local Booster. Our FinTech software, Cyclos, reprogrammes money in poor areas so that it “works” more intensively for local/regional communities. Cyclos FinTech unlocks the economic and personal opportunities in these regions. The result is more income and more jobs. In the end, there is less need for people to migrate from their hometown/region.
We call this the Buy Local Booster.
Today, we see that money, the tool that has the potential to connect local supply chains, leaves too soon towards financial centres, large external shops and online shopping. Hereby, money leaves local economies long before it has facilitated local production for consumption nearby – in the own community or region. This makes it difficult to be an entrepreneur or for local business to create local jobs.
STRO develops tools to keep money longer in the local economy. Thereby facilitating more trade between local businesses. Additional revenue for local entrepreneurs is created to spend this extra income at other local SMEs. This is good for the local business climate, employment, social connections and sustainability and economic resilience. The keystone in this is our award-winning payment software Cyclos.