Validus Partners Proptech Startup Really Singapore to Offer Collateral-Free Loans for SMEsby Fintech News Singapore February 1, 2021
Really Singapore, a proptech startup specialising in a full suite cloud-based data-driven property management software solution, and Validus, a Singaporean SME financing platform, have partnered to enable pre-approved working capital for SMEs providing products and services to property owners with their Really eZFunds platform.
Really eZFunds 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.
Really Singapore’s vendor marketplace is said to comprise 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, 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.
Featured image: (From left) Davin Wang, Really Singapore’s COO, Anand Periwal, Chief Commercial Officer of Validus, Joerg Zeugner, Really Singapore’s CEO and Nikhilesh Goel, Validus’ CEO.