IncomLend seeks scale by attacking supply-chain finance
IncomLend, a startup online marketplace for loans to small companies in Asia, is now looking to partner with large corporations and banks in order to achieve greater scale.
Morgan Terigi, co-founder, says the Singapore-domiciled company launched last year in order to help small- and medium-sized enterprises (SMEs) obtain better financing from a diverse coterie of investors.
Like with a number of other such marketplaces in Hong Kong, such as Qupital and Velotrade, as well as Singapore players such as Capital Match, the business has emerged to help small companies with cash-flow problems, as banks retreat from catering to such businesses.
“Alternative finance is new, but we expect to grow 150% per annum for the next 10 years,” Terigi said.