SEEDFLEX TARGETS MSMES WITH PAY-AS-YOU-SELL LENDING PLATFORM

Fintech startup Seedflex Technologies Pte Ltd. seeks to facilitate lending to 50,000 micro, small, and medium enterprises (MSMEs) in Malaysia by year-end based on the enterprises' sales performance.

- 

"Cash flow is a central part of micro and small businesses,” Seedflex co-founder and CEO Ritwik Ghosh told Singapore Business Review. “That is their asset, which has now become very widely digitised, cashless, and available for data understanding, available for credit underwriting," he added.

"We are building at the centre of that with the pay-as-you-sell concept,” he said in an exclusive interview.

Seedflex's platform, called Pay-As-You-Sell Advance, lets merchants access funding via its 12 partners, with borrowing limits and repayments based on their sales. It had 6,000 merchants in Malaysia as of June.