Philippines: Fintech startups Acudeen, First Circle join hands to target SMEs

Philippines: Fintech startups Acudeen, First Circle join hands to target SMEs

First Circle co-founder and CEO Patrick Lynch (left), and Acudeen CEO Magellan Fetalino III shake hands.

Philippine-based startups First Circle, and Acudeen Technologies signed a financial technology (fintech) deal targeting the market of both firms – the small and medium enterprises (SMEs).

First Circle is the first digital SME business financing company in Southeast Asia, while Acudeen is into receivable financing, a P2P (peer-to-peer) invoice marketplace that allows SMEs to convert their unclaimed receivables for cash to boost their cash flow.

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