Singapore’s Finaxar partners Cathay Financial, Indovina to tap Vietnam’s SME market

Photo: Peter Nguyen/Unsplash

Finaxar, a Monk’s Hill Ventures-backed fintech lending company, Indovina Bank and Cathay Financial Holdings on Thursday announced a partnership to improve access to financing for small and medium enterprises (SMEs) in Vietnam where SMEs comprise 96-98 per cent of total enterprises.

The partnership aims to provide working capital to SMEs in an easier and streamlined manner.

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