Tag: sme

Fintech working capital firm Riverchain has completed a $5m series A funding, and is eyeing expansion in SEA to support subcontractors’ liquidity management beyond Hong Kong.

The Chinese SME cross-border payment platform wants to facilitate Chinese merchants’ local currency collection in markets where trade flows are growing, including Africa.

The HK payment provider has created a JV with the Chinese finance leasing player to provide much needed commercial credit management services, just as the SAR's economy is looking up.

The platform has initially been rolled out for SMEs based in Australia, New Zealand, Singapore, the Philippines and Malaysia.

In a recent discussion with CT, Moodey shared details around the bank’s partnership with the ADB and the scope of its trade finance ambitions across Asia’s emerging markets.

Global small and medium-sized businesses (SMBs) expect to expand globally within the next year but say cross-border payments will be among their chief challenges.

With growing awareness of the importance of digitalisation, SMEs in Hong Kong plan to ramp up their investments towards it – but rising interest rates are making access to funding more difficult, research by DBS has found.

Hong Kong is well placed to capitalise on e-commerce trends given its status as a regional trade hub and gateway to global markets, according to the bank.

The agreement provides Finastra’s bank customers access to Visa Direct, allowing them to offer real-time cross-border payment options to SME clients.

UOB’s latest business sentiment report reveals that half of small and medium-sized enterprises (SMEs) in ASEAN are confident about business growth, while cash management remains a top concern.

The move opens investors to new private credit opportunities and, in turn, promotes access to funding for corporates in the region.

DBS and Xero have built on an existing partnership to increase access to working capital loans for SMEs, who face the prospect of higher costs.