The lack of capital and the high cost of setting up a business in Singapore have often been cited as top hurdles to entrepreneurship in Singapore. However, that should never be the reason to hold back your grand business idea that may revolutionise the world. Whether you are financing a small and medium-sized enterprise (SME) in Singapore or just need.
Singapore-headquartered fintech firm dltledgers has launched a platform for small and medium enterprises (SMEs) to access trade financing from alternative financiers.
SmartFin is a blockchain-based system that matches SMEs that are seeking finance to funders who can provide it. According to dltledgers, over 400 companies have already signed up, and can currently access financing from a handful of non-bank financiers, including TradeFlow, Drip Capital, Funding Societies, Crowd-Genie, Stenn International and Capital Match.
SMEs sign up to the platform via the web or on their mobile phones. They are contacted by the dltledgers customer service team in order to verify their credentials, and once this is completed they can submit their request for funding along with all their supporting documents directly via the blockchain platform, and control which lenders their application goes to. A dltledgers spokesperson tells