In Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from family and friends' financial support – particularly in Indonesia, Malaysia and Singapore. This finding stood out from a report published by Funding Societies, Southeast Asia's largest unified SME digital finance platform.
For Thailand, it is also 40%, highlighting the need for a solution to improve cash flow managementIn Southeast Asia, about 70% of SMEs (small and medium enterprises) started their business with seed money raised from their personal savings and from
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