Fintech Startup Partnership to Better Serve Philippine SMEsby Company Announcement January 9, 2019
SeedIn, a Singapore based Business Financing Platform, partners with Acudeen, a Philippine based online Peer-to-Peer Marketplace for receivable discounting.
SME borrowers and Investors can leverage on the strengths of both platforms for their financing and investment needs, while being able to enjoy exclusive privileges, events and deals that will be rolled out in 1Q of 2019.
Edison Tsai, Executive Director of SeedIn, said that
“This partnership is a shared vision to transform Filipinos’ lives by providing them access to affordable financing and healthy investments”.
Magellan Fetalino III, CEO and co-founder of Acudeen, agrees with this vision.
“This partnership maximizes the P2P market potential by leveraging on the strengths of both platforms while establishing a framework that will allow SMEs to get the business financing they need in the shortest possible time.”
Together, SeedIn and Acudeen share a common goal to provide financial freedom, trust, and opportunity for Philippine SMEs and Investors here and abroad.
SeedIn is South East Asia’s largest Business Financing Platform where local businesses seeking short-term financing connect with individuals and businesses seeking short-term investments. It has facilitated over Php 112 Billion worth of funds since 2014.
Acudeen is an online technology platform that connects Small and Medium Enterprises to Financial Institutions through Invoice Discounting, having financed over Php 500 Million worth of invoices since 2016.