“The impact is acute in high-growth Asia where SMEs — which account for more than 95% of all businesses and provide two out of three private-sector jobs in the region — need more financing options to meet their growing demand. Further, low-interest rates in Asia — and negative rates in Europe — are prompting many global investors to seek alternative asset classes,” the startup said.

https://techcrunch.com/2020/08/10/singapores-trade-finance-startup-incomlend-raises-20m-led-by-sequoia-capital-india/