P2P lending platforms or crowdfunding platforms have gained new momentum in Singapore in the past two years, offering an alternative financing solution to small and medium enterprises (SMEs) affected by the ongoing pandemic. Almost two years on, the future is still uncertain with the spread of new Covid-19 variants. Take for example, only a few […]
Does having a positive cash flow mean that your company is profitable? No, not necessarily. A company’s long-term cash inflows must exceed its long-term cash outflows in order for the company to be in the positive, and this is something that an inexperienced entrepreneur could overlook. Problems start arising when a company cannot meet its commitments […]
Running a small-to-medium F&B business in Singapore is seldom easy, especially given the competitive landscape and high operating costs here. However, the COVID-19 pandemic has created unprecedented challenges that many local eateries and restaurants continue to grapple with, even today. Even as we approach the two-year ‘anniversary’ since COVID-19 hit our shores, the fight is […]
BRDGE exists to serve both SMEs and investors and we’ve always stayed true to the cause. After months of studying trends, speaking with business owners to understand their pain points, and evaluating the demands of our investors, we are pleased to announce a new credit scoring system that covers a broader spectrum of risks with […]
Debt-based crowdfunding has emerged in recent years as a way for small and medium-sized businesses (SMEs) to acquire much-needed working capital. It is also referred to as peer-to-peer lending. Essentially, retail investors directly fund the organisation they want to back, in exchange for interest payments. SMEs typically face tight cash flow in the early […]
FOR IMMEDIATE RELEASE Singapore P2P Lender BRDGE: Flexible financing key to SME survival during pandemic-driven business uncertainty; launches F&B loans package and SME digitalisation platform BRDGE funded more than S$ 11m in loans to 46 Singapore SMEs since April 2020; across more industries as compared to a similar period pre-pandemic Average loan size today is […]
These few months have been extremely trying. Not just for individuals, but for businesses too. Covid-19 has changed everything – from the way we consume to the way we invest. Depending on how you see it, now can either be the most opportune or unfortunate time to take the plunge with new investments. I’ve been […]
“So you’re a bridge between SMEs and investors?” he asked. “We are,” we replied. This question by an investor was raised during one of our WeConnect events and had us thinking about how we can position ourselves to serve SMEs regardless of their size, and investors better. Ultimately, leading to the change of our name […]
A happy 55th National Day to all Singaporeans! 9 August is a date all Singaporeans come together to commemorate Singapore’s road to independence. Every year (except for this year’s), I would try balloting for tickets so that my family and I can soak up the parade’s atmosphere. Of course, most years, I get relegated to […]
Businesses, especially savvy SMEs and promising startups, are increasingly turning to crowdfunding platforms. During an economic downturn such this year’s, banks and other lending institutions are not only less willing to lend, but the interest rates are also unattractive to businesses that cannot afford them. According to a 14 July 2020 report by CNA, Singapore […]
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