2016 InvoiceInterchange Review with Brian Teng, CEO
InvoiceInterchange Review : What have we achieved over the last year at InvoiceInterchange?
The past year has seen many positive developments for InvoiceInterchange. Together, we continue to help Singapore SMEs grow. We are experiencing an increase in businesses taking up simple access to funding via our invoice trading solution. Invoices funded grew from S$400k in 2015 to S$10 million in 2016.
During the course of the year we introduced several new products to further meet the working capital needs of Singapore SMEs. We have also partnered up with HReasily and AccountServe, both savvy online solution providers that you can trust.
We are also very pleased to have been recognised with a number of awards. In January, InvoiceInterchange was awarded Best Early Stage Fintech Startup at FF16 in Hong Kong, organised by NextMoney and Visa. This was followed by the Silver Medal for Best Innovative Start-Up (Early Stage) by Singapore’s Infocomm Technology Federation (SiTF). In November, Invoiceinterchange was named by the Monetary Authority of Singapore (MAS) to be amongst the top 40 Fintech companies operating in Singapore. To be recognised with so many other great companies, is an honour.
InvoiceInterchange Review : 2017 outlook and beyond
Going forward, we have laid out several exciting plans that will be announced over the coming months. We are committed to bringing more opportunities to our Investors and deliver smart financing to SMEs. We will invest in our capability to satisfy the demand we are seeing from Singapore businesses looking for flexible sources of finance. As we implement these plans, we will also continue to focus on technological innovation to help us efficiently serve you.
The InvoiceInterchange team would like to take this opportunity to express a big Thank You to each and every one of you for your continued support. We will always welcome your feedback and are committed to continually improve ourselves. We are confident that by striving for excellence and always putting our customers’ interest first in everything we do, 2017 will be another good year for all.
As a closing to the InvoiceInterchange review, we bid goodbye to 2016, and we wish you Happy Holidays and a very successful 2017!