UOB, OctoRocket tie up to provide SME loans across Asean
Ng Ren Jye
Singapore
UNITED Overseas Bank (UOB) and OctoRocket.asia have signed a memorandum of understanding to enable small businesses in South-east Asia to quickly apply for financing through OctoRocket's platform.
OctoRocket, a joint venture by Singapore Press Holdings (SPH) and Y3 Technologies, enables cross-border trade between suppliers and buyers from Singapore, Indonesia, Malaysia, Thailand and Vietnam. SPH also owns The Business Times.