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Pawnbroker scores with online sales of jewellery and luxury items

Pawnbrokers are proving to be one of the more unlikely winners amid the economic downturn, with consumers spreading their online shopping net much wider as they look for more bang for their buck...

Rely bags up to S$100m Goldbell financing for buy-now-pay-later

FINTECH firm Rely has obtained a facility from a unit of local small and medium-sized enterprise Goldbell Financial Services to finance up to US$100 million in buy-now-pay-later (BNPL)...

Al Futtaim-related entities loaned Robinsons S$159m to fund trading losses

Entities related to the Al Futtaim group, the parent company of Robinsons, extended S$159.2 million in loans to Robinsons, a document by its liquidators showed, shedding more light on the...

DBS approves S$800m in collateral-free loans for micro enterprises

DBS has approved close to 10,000 loans to small and medium enterprises (SMEs) in Singapore since the start of March this year.

Companies' leverage risk worsens as earnings fall and debt rises

FIRMS are at a greater risk of failing to meet their debt obligations as leverage risk continues to worsen on weaker earnings and rising debt.

Digital B2B lender Cash-IN-Asia bags S$5m funding in DeClout-led round

FINTECH company IN Financial Technologies has received S$5 million in a round led by DeClout Ventures, the corporate venture capital arm of the DeClout group.

MAS extends low-cost funding to banks, finance companies to support SME lending

THE Monetary Authority of Singapore (MAS) will extend its low-cost Singapore-dollar facility for another six months, it said on Monday.

Local firms mixed on impact of debt moratorium extension

SMALL and medium-sized enterprises (SMEs) had mixed reactions on being given another three to six months to resume full loan repayments under a debt moratorium programme extension, with some...

Singapore SMEs, individuals given more time to resume full loan repayments

CERTAIN small and medium-sized enterprises (SMEs) and individuals facing cash flow pressures will be given more time to resume full loan repayments, as part of a slate of measures aimed to soften...

Funding Societies hires GoBear co-founder, expands C-suite

FUNDING Societies, a digital financing platform for small and medium enterprises in South-east Asia, has named a chief financial officer (CFO), chief technology officer (CTO) and chief product...

Online lending startup Oriente cuts over 25% of team

ONLINE lending startup Oriente on Friday confirmed that it laid off under 100 employees in June in a reduction exercise undertaken in batches from the fourth quarter of 2019.