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Daily Markup #683: CrediLinq bags additional seed investment to bring better financing to SMEs globally

February 16, 2023 · 1 min read
Credit: CrediLinq

The world is now their oyster 

  • Small and medium enterprises (SMEs) around the world can look forward to easier access to capital, thanks to the B2B financing and payment solutions by 500-backed fintech startup CrediLinq.
  • The team’s original plan was to serve SMEs in Asia only, but their latest successful fundraise will allow them to enter the global embedded finance market, which is expected to be valued at US$248.8 billion by 2032.
  • “The fresh capital will help us scale our operations, upgrade our infrastructure and create a global business,” shared Founder & Group CEO Deep Singh.
  • CrediLinq has developed API solutions, as well as alternative credit scoring and underwriting models for emerging markets. The team works with digital banks and funding partners to provide greater access to financing for SMEs.
  • To date, the company counts two publicly-listed firms and platforms across Singapore, Hong Kong, Malaysia, Australia, and Indonesia as clients.
  • Next, the team is eyeing strategic acquisitions across its key markets – including Indonesia and Singapore – and aims to onboard more global partners.
  • Read the full story on Tech in Asia.
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