Growth of SMEs: The challenges

 

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SMEs in Singapore are set for huge growth as recent trade agreements provide a great growth opportunity for small and medium enterprises (SMEs) to venture into new markets.  However, they are limited by challenges in financing and lack of expertise in foreign markets. Although there is a wealth of growth opportunities for Singaporean SMEs, it will not be easy. The strain put on the company’s resources and operations would definitely tighten up the cash-flows of SMEs, making it difficult for expansion. This is where P2P Lending Platforms such as Capital Match are able to help by providing financing solutions to ease up the cash flows of SMEs through business loans and Invoice Financing solutions.

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Singapore: The Fintech Hub of Asia?

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With the onset of Brexit,shipping and manufacturing growth dwindling and a global economic slowdown and a slump in commodity prices and demand, Singapore is looking to make Fintech the next big thing. State funding, light-touch regulation and a recent move to allow start-ups to test financial products in a controlled environment has given Singapore an edge over it’s Asian rivals such as Hong Kong. However, will this be enough to cement Singapore’s place as the biggest Fintech Hub of Asia?

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