Singapore Invoice Financing Platform, SmartFunding, Raises S$700,000

SmartFunding has raised S$700,000 in a seed funding round led by Fintech Asia Group; the firm is marketing 20% to 30% annual returns for invoice financing investors; the invoice financing business seeks to capitalize on the Singapore market’s small and medium-enterprise businesses which account for half of Singapore’s GDP and approximately 70% of the country’s jobs.  Source


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