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You wouldn’t pick a loan blindfolded—so don’t.
Our blog helps you decode your options with real tips and insights.
Why Reverse Factoring is the worst innovation for any business owner that offers credit terms to its customers
19 Nov, 2023 BY Daniel Tan
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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Rising interest rate. Should you save or pay down your debt?
07 Nov, 2023 BY Daniel Tan
With some banks in Singapore (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 emerge
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How many lenders are there in Singapore?
25 Sep, 2023 BY Daniel Tan
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 finance are fa
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Things that affect your ability to get a loan or at the ideal interest rate.
10 Sep, 2023 BY Daniel Tan
This blog is a detailed version of what our CEO covered in the Financing Options For Your Business event. Imagine two loans that are both $300,000 and 5 years long, but one is at 3% and the other is at 3.50% per annum. That would give you a total interest of $45,000 versus $52,500 - a difference of $7,500! While it is very important to compar
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Event : "Financing Options for your Business Venture"
27 Jul, 2023 BY Daniel Tan
Main Organizers: ACE(Action Community for Entrepreneurs) and IES INCA (The Institution of Engineers, Singapore) Supporting Organizers: SGDCC(Singapore Digital Chamber of Commerce) 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 i
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Digital banks vs Neobanks.
17 Jul, 2023 BY Daniel Tan
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 banks or
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Other sources of financing for startups besides VCs
29 May, 2023 BY Daniel Tan
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 a
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Common mistakes made when refinancing property loan
29 May, 2023 BY Daniel Tan
An edited version of this can also be found in The Consumer, A publication of the Consumers Association of Singapore(CASE). 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 ma
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