From cash flow to marketing, help for businesses flow in amid virus outbreak

Fundtier offers S$1m loans; JL Family Office, Straits Trading, ARA Asset Mgt's S$5m fund draws over 100 firms seeking S$6m in loans from.

Published Mon, Feb 24, 2020 · 09:50 PM

Crowdfunding

LOCAL crowdfunding platform FundTier is the latest to join a number of companies in offering support to small and medium-sized enterprises (SMEs) in Singapore, which have faced pressures from the ongoing virus outbreak.

On Monday, Fundtier announced it is offering S$1 million in loans to local SMEs that are keen to use a mobile marketing solution by its strategic partner, Dodoca Information Technology (S).

Each business using the Dodoca Integrated Mobile Marketing Productivity & Solution could get a loan of up to S$10,000. The loan would be interest free for up to six months.