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Invoiceinterchange have just concluded an event held at Paypal Innovation Hub last Thursday. The topic this time was on Raising Alternative Working Capital to Boost Business Growth, and it attracted our largest attendance to date. We had the privilege to host distinguished speakers and panelists from their field of expertise to share their knowledge with our guests. The innovation hub also provided a platform for our attendees to network with one another.

The event kicked off with a fire chat between Joongshik Wang, partner of EY Singapore and Mark Jacobsen, Partner (Foreign Lawyer) at RHTLaw Taylor Wessing. Several key topics were discussed, which included the different series of funding available for start-ups in Singapore and upcoming industrial trends, particularly on the booming sharing economy that has impacted the world significantly.

Alternative Working Capital Panel

Moving on to the panel discussion, our panelists brought up the availability of the different sources of alternative working capital available for start-ups and SMEs in Singapore. Jeremy Loh, Senior Vice President at DBS Venture and Ben Cheah, Associate Director at Innoven Capital, brought up the availability of venture debt funding for start-ups and SMEs to tap on. Venture debt funding is a type of debt financing provided to venture-backed companies by specialised banks to fund working capital.

Khai Lin Chua, CFO at Fundnel, brought up the possible availability of revenue share financing in the future, which will be targeted mainly at retail start-ups and SMEs. Revenue share financing is a method to raise working capital from investors who will receive a percentage of a business’s ongoing gross revenues in exchange for the money they have invested in.

Brian Teng, CEO at InvoiceInterchange, discussed the availability of invoice financing and invoice trading as a form of asset financing for start-ups and SMEs. Invoice financing is a type of finance where a business sells its accounts receivable (or outstanding invoices) to the financier at a discount to obtain immediate cash to boost its working capital.

The discussion deepened the understanding of alternative working capital financing instead of the traditional methods of securing bank loans, especially since it is becoming increasingly difficult for start-ups and SMEs to obtain bank loans to raise capital for their own companies.

What’s better than ending off the discussion with refreshments! Our guests definitely enjoyed a chat with each other over fresh pizza and beer available off the taps.

We would like to take this opportunity to thank Innoven Capital and Paypal Incubation Centre for sponsoring our event. Follow us on our social media pages for our upcoming future events!

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