{"id":5065,"date":"2024-05-29T00:00:00","date_gmt":"2024-05-28T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5065"},"modified":"2024-05-28T20:16:43","modified_gmt":"2024-05-28T12:16:43","slug":"daily-markup-997-seedflex-provides-frictionless-access-to-micro-loans-to-empower-small-business-owners-with-capital-to-grow","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5065","title":{"rendered":"Daily Markup #997: Seedflex provides frictionless access to micro-loans to empower small business owners with capital to grow"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/T5Dhz24zsrCjW1kfritEGgUmoX8IoXt1Jj5NCgj-hJ_S6Khi1ORrbd60GXfIMuOFXMwizpIcXTRiXOgKTPeRr4xr61SypsfEoPuCkV4LgWhysGWzeFoLXnzp20ywRSr-tOa19NSbW5Gwyy6VjEK_Abk\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: MoneyFM<\/figcaption><\/figure>\n\n\n\n<p><strong>Get an advance, without the anxiety&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This Singapore-based fintech startup is removing the friction for small and micro businesses to access credit, and repayments are based on their future sales.<\/li>\n\n\n\n<li>No bank statements, no credit record, just sales data. By integrating with their merchant\u2019s sales platform, 500-backed <a href=\"https:\/\/www.seedflex.com\/\">Seedflex<\/a> gets all the information they need to approve a merchant, and the credit is extended within 48 hours.<\/li>\n\n\n\n<li>This sets Seedflex apart from traditional financing options. \u201cThey don&#8217;t necessarily consider the fact that you&#8217;ve been running a very successful business, which has great cash flow, and that&#8217;s your real asset,\u201d Co-founder &amp; CEO <a href=\"https:\/\/www.linkedin.com\/in\/ghosh-ritwik\/\">Ritwik Ghosh<\/a> shared.<\/li>\n\n\n\n<li>Seedflex\u2019s solution could be a game-changer for the growth of small cashless merchants. Cash flow management becomes easier, especially as they don\u2019t have to figure out how to fulfill large monthly repayments. What\u2019s more, as their sales grow, their credit limit with Seedflex grows too.<\/li>\n\n\n\n<li>How does Seedflex mitigate risk? \u201cOne way is being at the source of that cash flow. So, before they even get access to that cash after selling, we get paid first and the rest goes to them,\u201d Co-founder &amp; COO <a href=\"https:\/\/sg.linkedin.com\/in\/sauvikdatta\">Sauvik Datta<\/a> explained.<\/li>\n\n\n\n<li>\u201cThe second way is, all the underwriting and data management is powered by proprietary credit models, which are machine learning-based. So it can capture upfront the risk and the level of risk that the borrower is taking,\u201d he added.<\/li>\n\n\n\n<li>This could mean the difference between life and death of a small business that is trying to grow. \u201c1\/3 go out of business not because their product is out of fashion. They go out of business because they couldn&#8217;t manage their cash flow in emergency situations,\u201d Ritwik explained. \u201cSo we said, why don&#8217;t you have a product which just really tackles that problem and is accessible 24\/7?\u201d<\/li>\n\n\n\n<li>Listen to the full interview on <a href=\"https:\/\/bit.ly\/4axyelU\">MoneyFM<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Get an advance, without the anxiety&nbsp;<\/p>\n","protected":false},"author":5,"featured_media":5066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[602],"class_list":["post-5065","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 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #997: Seedflex provides frictionless access to micro-loans to empower small business owners with capital to grow - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=5065\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #997: Seedflex provides frictionless access to micro-loans to empower small business owners with capital to grow - Markup\" \/>\n<meta property=\"og:description\" content=\"Get an advance, without the anxiety&nbsp;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=5065\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-28T16:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-28T12:16:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/05\/image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ching Yee Ho\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5065#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/05\/image-1.jpg\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2024\/05\/image-1.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=5065#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=5065\",\"name\":\"Daily Markup #997: Seedflex provides frictionless access to micro-loans to empower small business owners with capital to grow - 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