Goldbell, Oddle join hands to offer cash advances to F&B firms
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ONLINE food ordering platform Oddle and Goldbell Financial Services (GBFS) have partnered to offer cash advances of up to S$30,000 to help Oddle's food and beverage (F&B) merchant partners get through the Covid-19 crisis.
Officially launched on Tuesday, the GBFS Merchant Cash Advance (MCA) initiative leverages sales data from Oddle's platform to rapidly perform credit assessments and disburse funds to applicants in as little as 48 hours. It promises interest rates starting from 1 per cent per month, and repayments will be deducted from the borrower's Oddle sales.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
