Singapore, 22 January 2021 – Really Singapore, a proptech start-up specialising in a full-suite cloud-based data-driven property management software solution, and Validus, Singapore’s largest SME financing platform, have partnered to enable pre-approved working capital for SMEs who provide products and services to property owners.
Really Singapore’s vendor marketplace comprises over 3,800 suppliers providing services to property managers across more than 80 specialised categories including landscaping, building supplies, construction works, cleaning services, pest control, security and more. The majority of these SMEs are often unable to obtain the necessary financing to bid for projects as they lack collateral or credit history to access traditional loans.
Really eZFunds powered by Validus, a proptech-fintech collaborative first, accords SME suppliers access to Validus’ pre-approved instant financing for up to $50,000 at competitive, bank-like rates. In addition, higher amounts are possible within 48 hours of due diligence assessment. Its flexible pay-per-use arrangement allows vendors to improve cash flow and liquidity whenever required, without any collateral requirements.
This facility, designed to be seamless and easy to apply for, will accord vendors the ability to take on more work. And in a move that seeks to turn the property industry on its head, property owners will also benefit from incentives paid by the loan disburser.
In a speech last year, Trade and Industry Minister Chan Chun Sing, mentioned being united in supporting SMEs to contribute more to Singapore’s GDP. He cites the challenge on how we can get SMEs to be much more efficient, much more productive, and much more competitive. “Really eZFunds powered by Validus, the result of a customer-centric strategic alliance between Really Singapore and Validus, can contribute to making SMEs more efficient, productive and competitive by giving them access to pre-approved working capital that will in turn help them tender for more projects and fund their wins,” said Joerg Zeugner, CEO of Really Singapore.
“Our partnership with Really Singapore reiterates Validus’ commitment to bridge the SME financing gap and to build a strong economic foundation for businesses to grow,” said Anand Periwal, Chief Commercial Officer of Validus.
A next-generation, data-centric B2B platform designed specifically to cater to end-to-end facility and property management capabilities with e-tendering functions held within a Marketplace. Really Singapore – Property-Service-as-a-Solution automates end-to-end processes for fit-outs, maintenance and reinstatement of properties; simplifying workflows digitally.
Founded in 2015 to address the unmet financing needs of SMEs, Validus is today Singapore’s largest SME financing platform with a growing presence in Indonesia, Vietnam and Thailand. Validus uses Data Analytics and AI to drive growth financing to underserved SMEs via funds from accredited and institutional investors. An award-winning Fintech, Validus has forged industry-leading partnerships with Corporates (blue-chip companies, government-linked companies) and B2B platforms to deploy solutions that boost SME lending in local supply chains.
For Media Enquiries
Chief Marketing Officer
+65 6950 7563