Singapore based invoice trading platform raised $20m in Series A funding led by Sequoia India.
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Incomlend raises $20m in Series A funding
“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.
