(6 January 2025 – Singapore) SC Ventures, the fintech investment and incubation arm of Standard Chartered, has introduced Labamu, a comprehensive invoicing and billing platform tailored for small and medium-sized enterprises (SMEs) in the Asia-Pacific region.
Labamu, which debuted in Indonesia, offers SMEs a suite of digital tools, including billing, cataloguing, stock and material management, customer relationship management (CRM), and reporting capabilities. The platform also provides embedded banking services, enabling SMEs to open accounts and receive payments directly. Plans are underway to expand the platform’s offerings to include procurement and working capital financing.
Emmanuel Van De Geer, CEO of Labamu, explained: “The platform stands out because we seamlessly integrate financial services into our platform. Merchants using Labamu can get invoice and bill payments directly deposited to their bank accounts.”
To promote the platform, Labamu is hosting workshops on business management and export strategies, having already trained over 7,500 business owners.
Alex Manson, CEO of SC Ventures, emphasised: “SMEs are still suffering from lack of access. During incubation we could already see Labamu’s potential — the platform earned the trust of over 80,000 small business owners. We congratulate Labamu on their launch as they embark on their journey to empower SMEs.”