Grab, Funding Societies, InstaReM, KyberNetwork, Ten X, Singapore Life enter the list.
SMEs can receive funds upfront for their customer invoices, with up to 80% of invoice value and a term range of 30 to 120 days.
Sixty percent of the fund is already committed.
Volume doubles in six months after crossing funding of US$73 million in January 2018.
Technology-enabled automation will improve efficiency and customer experience for small businesses.
Partners with Hong Leong Bank, RHB, and Maybank to list down the top problem statements for participants to solve.
Bank’s small business customers can access the P2P platform’s global investor network to raise additional working capital.
Micro-financing solution offers approval within 24 hours.
This oversubscribed series B round is the largest raised by a P2P lending platform in Southeast Asia.
Partnership is first of its kind between leading fintech player and network of CFOs in the region.