ANEXT Bank Launches New Initiative to Drive Financial Inclusion for SMEs
(8 November 2022 – Singapore) ANEXT Bank has unveiled the ANEXT Programme for Industry Specialists with the aim of improving and scaling embedded finance for small and medium enterprises or SMEs.
The programme is open to the participation of all e-commerce marketplaces, fintech companies and digital solutions providers who support SMEs cross border operations through digital based services or platforms.
This will allow SMEs to have a one stop access to a more comprehensive suite of services, and to gain a consolidated view on their business such as wallet balance, loan amount and repayment status, etc.
Fintech company IN Financial Technologies and business process management provider Bizmann System were among the first to take part in the programme. The two partners combined serve close to 15,000 SMEs.
“With our secure banking capabilities and first-hand knowledge on what it takes to do business digitally, ANEXT Bank is well positioned to help partners unlock more growth opportunities by enabling access to financing to SMEs on their platforms” said ANEXT Bank Chief Executive Officer, Toh Su Mei
“At the same time, industry specialists are domain experts in their respective fields and they can provide deep insights on the challenges and needs of SMEs. Together, we can create unique use cases and solve financing pain points for SMEs at scale” she added.
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