What’s new at InvoiceInterchange?
Welcome to the second issue of ‘What’s new at InvoiceInterchange’ where we share and update you on what is happening at InvoiceInterchange.
Latest Funding has surpassed S$3.8m!
InvoiceInterchange has surpassed S$3.8 million in invoice funding in early July 2016. Over 100 auctions were successfully launched where investors were given the opportunity to invest in quality investments. Our very first auction was held in late August 2015. We have grown almost 40% month-on-month since then and with zero default to date, a cracking achievement for the team.
At InvoiceInterchange, our goal is to support local SMEs’ growth by bridging their cash flow needs, as well as to provide quality investments to our valuable investors. Our core values are integrity and transparency. It is of utmost importance that we endeavour to provide relevant and complete information, allowing our investors to analyse data and conduct assessments prior to making investment decisions.
We will continue with our drive on improving and expanding our services to our customers. The best is yet to come!
We are very excited and honoured to be selected as one of the three fintech start-ups that are participating in PayPal’s StartTank Singapore programme. The programme is nine-month long. This will give us access to relevant talent/SMEs, as well as opportunities to be mentored by senior executives which will further support our growth. InvoiceInterchange team will be relocated to PayPal Singapore office during the programme duration. Thank you PayPal for giving us the fabulous opportunity to be part of the StartTank programme.
Our CEO, Brian Teng, was recently interviewed by the Fintech Innovation and SmartUp where Brian provided an insight into the benefits of alternative finance and how invoice trading can help SMEs bridge cash flow in a simplest, flexible and cost effective way.
For the full interview, please click here.