{"id":4985,"date":"2024-04-24T00:00:00","date_gmt":"2024-04-23T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4985"},"modified":"2024-04-23T09:40:31","modified_gmt":"2024-04-23T01:40:31","slug":"daily-markup-973-seedflex-raises-seed-funding-to-help-7m-msmes-gain-easier-access-to-credit-across-se-asia-starting-in-malaysia","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4985","title":{"rendered":"Daily Markup #973: Seedflex raises seed funding to help 7M+ MSMEs gain easier access to credit across SE Asia, starting in Malaysia"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1600\" height=\"1067\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image.jpeg\" alt=\"\" class=\"wp-image-4987\" srcset=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image.jpeg 1600w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image-300x200.jpeg 300w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image-1024x683.jpeg 1024w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image-768x512.jpeg 768w, https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/04\/image-1536x1024.jpeg 1536w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><figcaption class=\"wp-element-caption\">Photo credit: TechNode Global<\/figcaption><\/figure>\n\n\n\n<p><strong>Next-gen financial inclusivity<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Over 7 million micro, small and medium enterprise (MSME) businesses across Southeast Asia lack access to frictionless digital credit.<\/li>\n\n\n\n<li>This number is expected to double by 2028 as more MSMEs start selling online and move to cashless payment methods, including for their offline sales.<\/li>\n\n\n\n<li>Stepping up to change this is 500-backed fintech company <a href=\"https:\/\/www.seedflex.com\/\">Seedflex<\/a>, which raised seed funding from 500 Global to launch its proprietary shariah-compliant digital financing solution \u201cPay-As-You-Sell Advance\u2122\u201d (PAYS Advance) across Southeast Asia, starting first in Malaysia.<\/li>\n\n\n\n<li>How does PAYS Advance work? The service is a dynamic credit solution that automatically adjusts based on future revenue projections, conveniently paying back the advance as a fractional deduction from future sales. Cashless merchants can access up to ten weeks of sales revenue in advance and repay the credit via their preferred repayment partner.<\/li>\n\n\n\n<li>\u201cDespite advances in fintech, the fundamentals of credit underwriting and collection have sadly not changed,\u201d explained <a href=\"https:\/\/www.linkedin.com\/in\/ghosh-ritwik\/\">Ritwik Ghosh<\/a>, Co-founder &amp; CEO. \u201cOur aim is to change the game and redefine credit for cashless commerce by providing a new, fair and transparent way for merchants to access financing that can help them scale and grow.\u201d<\/li>\n\n\n\n<li>The company shared that they have begun rolling out PAYS Advance in Malaysia. They aim to expand the service to more Malaysian cashless merchants this year, with the goal of introducing it to new Southeast Asian markets, including Indonesia, Thailand, and beyond in 2025.<\/li>\n\n\n\n<li>What\u2019s more, merchants can enjoy peace of mind with a transparent one-time flat fee, and no late fees, interest charges, or hidden costs.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.linkedin.com\/in\/khailee\/\">Khailee Ng<\/a>, Managing Partner of 500 Global said that Seedflex not only facilitates credit, but they are building a new generation of financial infrastructure that could facilitate capital flow to create jobs, grow businesses, and fuel economic growth for nations for years to come.<\/li>\n\n\n\n<li>\u201cI believe that Seedflex\u2019s technology allows hardworking people and the growing nations they serve to realize their fullest potential,\u201d he added.<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/3Juwn5W\">TechNode Global<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Next-gen financial inclusivity<\/p>\n","protected":false},"author":5,"featured_media":4986,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[602],"class_list":["post-4985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-seedflex"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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