invoice financing

SME suppliers do not need to submit bank statements or financial reports, as OCBC will assess their credit quality based on the transaction data from the invoices on Marriott’s procurement platform.

12,000 Marriott suppliers in Singapore, Malaysia, Indonesia to get same-day invoice financing by OCBC

The partnership gives the hospitality group’s SME suppliers quick and seamless access to capital, and enables them to be more sustainable

One alternative financing option is invoice factoring, in which a factoring company buys another company’s unpaid invoices at a discounted rate.

SGSME

COMMENTARY

Alternative financing can be an option in bad times

FINANCIAL concerns are a worry for many of Singapore’s small and medium enterprises (SMEs), particularly when it comes to cashflow.

SMEs will not need to submit bank statements or financial reports, as the bank will assess their credit quality based on the transaction data on the e-invoices.

SGSME

OCBC to offer same-day digital invoice financing to SMEs in tie-up with Sesami

SMALL and medium-sized enterprises (SMEs) that transact with the government using InvoiceNow on e-procurement platform Sesami will, from October, be able to receive same-day loan approvals through dig...

Capital Match, which is on MAS' investor alert list, will undergo liquidation after years of controversy over its operations.

Startups

Invoice financing platform Capital Match to liquidate after years of controversy

CAPITAL Match, a Singapore-based startup that enticed investors with potentially high returns from alternative investments, is shutting its platform and entering liquidation.

In a supply chain context, credit insurance provides cover of non-payment of an invoice owed by a buyer, typically a large company.

Columns

Invoice financing and credit insurance: Is the problem with the product or the conduct?

THE world of credit insurance was propelled into prominence last year, when an underwriter in Australia did not renew its insurance policy with Greensill, setting into motion a staggering sequence of ...

Startups

Indonesia's Bank BRI teams up with Investree to offer loans to entrepreneurs

INDONESIA's Bank BRI will offer two trillion rupiah (S$194.1 million) of working capital loans through peer-to-peer lending platform Investree, a large portion of which will be allocated for entrepren...

Companies & Markets

Crowdfunding firm sold S$6.9m sham invoices

Capital Springboard discovered last year all these were from a single SME, namely Vangard Project Management

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