P2B invoice financing platform secures SG$700,000 seed
funding from Investorlend and Fintech Asia Group
funding from Investorlend and Fintech Asia Group
SmartFunding enables investors to invest in invoices that
offer high returns
offer high returns
- This round
of seed funding is led by Fintech Asia Group, the fintech venture builder arm
of ASX-listed Fatfish, and strategic investor Investorlend - SmartFunding is now live, open
for investors and invoice sellers to sign up - The alternative investment
platform aims to help SMEs improve their cash flow - The platform enables investors
to invest in invoices and make attractive returns - Powered by
a team of experienced executives from fintech and fund management industries
28 November 2016, Singapore – SmartFunding,
a platform that provides small and medium businesses (SMEs) trustworthy
alternative financing solutions, secures SG$700,000 in seed funding.
a platform that provides small and medium businesses (SMEs) trustworthy
alternative financing solutions, secures SG$700,000 in seed funding.
The Peer-to-Business invoice financing platform
bridges the SME funding gap by allowing SMEs to sell their yet-to-be-paid
invoices to investors who want to purchase future cash flows. SmartFunding aims
to deliver strong returns to investors looking to invest in online invoice
financing, while finding more funding options for SMEs in Southeast Asia to
help support their growth potential.
bridges the SME funding gap by allowing SMEs to sell their yet-to-be-paid
invoices to investors who want to purchase future cash flows. SmartFunding aims
to deliver strong returns to investors looking to invest in online invoice
financing, while finding more funding options for SMEs in Southeast Asia to
help support their growth potential.
Driven by this two-pronged objective, SmartFunding
acts as a neutral and reliable platform that match-makes SMEs with investors,
who stand to make high returns of between 1.7% and 2.5% a month, or 20% – 30%
return a year by purchasing invoices sold by SMEs on the SmartFunding platform.
As an innovative fintech platform, SmartFunding’s role involves:
acts as a neutral and reliable platform that match-makes SMEs with investors,
who stand to make high returns of between 1.7% and 2.5% a month, or 20% – 30%
return a year by purchasing invoices sold by SMEs on the SmartFunding platform.
As an innovative fintech platform, SmartFunding’s role involves:
- Sourcing for investors
- Credit assessment of Invoice
Sellers and Invoice Debtors (those to whom the unpaid invoice was issued) - Legal servicing and
facilitation of transactions - Fund disbursement and monthly
payments collection - Bad debt resolution
This round of seed funding is led by
Fintech Asia Group, a member company of the Australia-listed venture builder
Fatfish Internet Group (ASX: FFG), and strategic investor Investorlend, a
licensed investment firm in Australia specialising in safe, secured and
innovative lending solutions.
Fintech Asia Group, a member company of the Australia-listed venture builder
Fatfish Internet Group (ASX: FFG), and strategic investor Investorlend, a
licensed investment firm in Australia specialising in safe, secured and
innovative lending solutions.
SmartFunding is run by experienced
professionals from the fintech and fund management industries across various
international markets. Their Chief Technology Officer, whose extensive experience
includes working with the world’s biggest peer-to-peer lending platform Lending
Club as well as the Chinese version of it Dianrong, Diego Rojas explained that
“their vision is to provide the best-of-breed technology and operational
practices that meet the needs of SMEs and investors”.
professionals from the fintech and fund management industries across various
international markets. Their Chief Technology Officer, whose extensive experience
includes working with the world’s biggest peer-to-peer lending platform Lending
Club as well as the Chinese version of it Dianrong, Diego Rojas explained that
“their vision is to provide the best-of-breed technology and operational
practices that meet the needs of SMEs and investors”.
“At SmartFunding, we want Singapore’s SMEs
to benefit from a flexible way to improve their cash flow. We look forward to
working closely with our invoice sellers and investors to ensure that our
platform is aligned with the interests of both parties, where risks are credibly
managed and transparency is upheld,” said Sandra Ernst, CEO, SmartFunding.
to benefit from a flexible way to improve their cash flow. We look forward to
working closely with our invoice sellers and investors to ensure that our
platform is aligned with the interests of both parties, where risks are credibly
managed and transparency is upheld,” said Sandra Ernst, CEO, SmartFunding.
The SmartFunding platform is now live and those
interested in joining as Investors can sign up at www.smartfunding.sg. In
addition to P2B invoice financing, SmartFunding aims to roll out other
innovative Fintech products in the near future.
interested in joining as Investors can sign up at www.smartfunding.sg. In
addition to P2B invoice financing, SmartFunding aims to roll out other
innovative Fintech products in the near future.
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