CIMB Singapore has launched CIMB FlexiPay, which it says is the first revenue-based loan of its kind in the market.

The new product is designed to help small and medium-sized enterprises (SMEs) better manage cash flow through repayments that adjust to daily revenue.

Businesses repay a fixed percentage of their daily deposits, known as a holdback rate.

For example, if a company sets a 5 percent holdback and earns S$1,000 in a day, S$50 would be deducted. No repayment is required on days without revenue.

CIMB said borrowers will pay a single upfront fee, with no interest, prepayment penalties or late charges.

The entire process is fully digital, without the need for physical forms or manual submissions.

“With CIMB FlexiPay’s pay-as-you-earn structure, SMEs gain flexibility, transparency and control in managing their financing. This innovation reflects our commitment to rethinking traditional banking and supporting businesses with solutions that truly adapt to their cash flow realities.

By removing traditional barriers and offering a seamless digital experience, we aim to help businesses grow with confidence.”

said Benjamin Tan, Head of Commercial & Transaction Banking, CIMB Singapore.

Featured image: Edited by Fintech News Singapore, based on image by thanyakij-12 via Freepik