Other sources of financing for startups besides VCs

A healthy cash flow is essential to all businesses be it a tech startup or traditional business. While we celebrate the ramen entrepreneurs, debating about whether if it is better to bootstrap or fundraise for your startup, sometimes you just need money to make money, as the saying goes. From extra budgets in marketing so that more customers are

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Common mistakes made when refinancing property loan

An edited version of this can also be found in The Consumer, A publication of the Consumers Association of Singapore. at https://www.case.org.sg/wp-content/uploads/2023/06/TheConsumer2023Issue1.pdf  A recent survey shows many homeowners are not even aware they can refinance their property. For those who know, there are often a few majo

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Digital banks vs Neobanks.

Digital bank. Neobank. I'm sure recently, you have seen more and more of such terms with the decision by MAS to issue new digital banking licenses. But what is the difference between them? Well, it depends on who you ask. Sometimes, even those within the same bank will use the terms interchangeably. Most in banking would tell you digital

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Event : "Financing Options for your Business Venture"

As a leading foreign investment destination, and financial and fintech hub in the region, Singapore is flushed with capital and no lack of companies offering financing if you know where to look. VCs, angels, PE, Venture debt, Debt/Reward/Equity Crowdfunding and Traditional loan and many more - When should your business go for which and what is the

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Things that affect your ability to get a loan or at the ideal interest rate.

This blog is a detailed version of what our CEO covered in the talk Financing Options For Your Business, but applies to both consumer and business loans. If you are interested in seeing a recording of the talk, please check it out here. On how to compare loans, check out our FAQs. To join our future events, follow our social media! Imagine two l

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How many lenders are there in Singapore?

Do you know how many lenders are there in Singapore? If you don't, don't worry. Many RMs that we spoke to don't know too! In fact, we recently did a poll and only 20% of bankers & RMs got it correct. That is because unlike banks and licensed moneylenders which fall under the Banking Act and Moneylender Act - which more people in

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Rising interest rate. Should you save or pay down your debt?

With some banks (Click here if you are keen to find out the difference between a neo bank & digital bank) increasing their flagship savings accounts for certain bonus tiers up to 7.8% a year, the saver in us may be tempted to start saving more for a rainy day. Having a good saving habit helps in life events like creating an emergency fund, p

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Why Reverse Factoring is the worst innovation for any business owner that offers credit terms to its customers

Reverse factoring is a type of supplier finance solution that companies/buyers can use to offer early payments to their suppliers based on approved invoices. Suppliers participating in a reverse factoring program can request early payment on invoices from the buyer or other financial institution, with interest or discount and with the buyer or supp

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How to improve on your credit score?

Tabulated by credit bureaus, a credit score or a credit report is a reflection of your financial behaviour and past payment history typically on your loan accounts, credit cards, and regular bills such as with telcos and utility companies, depending on the bureau and the relationship they have with the reporting companies. Depending on the loan

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The inside out of invoice financing, PO, Contract and Project financing

The 4 loan types are covered together as they have similar features. You can jump to the specific part of the article by looking at the bolded keywords. 1)You offered a client say 120 days credit terms, but as you need the cash flow now, you can take the invoice to a factor where they advance e.g. 80% (advance/finance percentage) for your cashfl

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