Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s where Singapore-based Jenfi comes in, providing revenue-based financing of up to $500,000 with flexible repayment plans that co-founder and chief executive officer Jeffrey Liu refers to as “growth capital as a product.”
While revenue-based financing is gaining traction in many other markets, Liu told TechCrunch that Singapore-based Jenfi is the first company of its kind focused on Southeast Asia. The startup announced today that it has raised a $6.3 million Series A led