Finaxar

Finaxar, established in 2016, is a Singapore-based fintech company reshaping business financing for SMEs using advanced technology. With its mission encapsulated by the slogan "Reinventing Business Financing", Finaxar tackles working capital challenges by providing innovative, data-driven credit and payment solutions and financing directly from its balance sheet.

A strategic milestone was achieved in July 2019 with Enterprise Singapore's support, initiating a cross-border partnership with Cathay Financial Holdings and Indovina Bank to expand SME financing in Vietnam. This marked Finaxar's first international venture outside Singapore.

In 2020, Finaxar launched a "Buy-Now Pay-Later" solution and Corporate Cards as a Principal Member of Visa for the B2B sector, enhancing its existing Finaxar Credit Line. This facilitates rapid liquidity with automated capital solutions like receivable financing.

The firm's latest injection of growth came from a Venture Round on 05 November 2021, backed by notable investor 500 Startups. Finaxar continues to offer no-hassle financing within hours, making it a pivotal solution for SMEs in need of quick access to funds.