Crowdfunding platform raises S$660,000 for Mezzo Interiors

Singapore

HOMEGROWN debt-based crowdfunding platform New Union on Monday said it has raised S$660,000 for interior design firm Mezzo Interiors, an amount said to be one of the largest raised by a small and medium enterprise (SME) on a crowdlending platform here.

Said Mezzo founder Lee Yue Cheng: "Receiving this injection of funds from New Union comes at an opportune time. We are in the midst of expanding our team in order to cope with the upcoming series of alteration and addition and rebuild works we have secured, together with a few overseas projects in Cambodia. We are grateful for this alternative source of funding, as previously seeking a loan from a bank was difficult, due to the fact that we are a young business that did not meet their minimum criteria."