SG Digest: Zilingo partners UOB for SME financing; Neuron Mobility to enter Brisbane

Zilingo co-founder and CEO, Ankiti Bose. Photo: Zilingo

Zilingo has signed a partnership with UOB to offer banking services to its SMEs while Singapore-based e-scooter startup Neuron Mobility is entering Brisbane.

Zilingo partners UOB to offer banking services to its SMEs

Zilingo, a Singapore-based fashion e-commerce platform, has signed a partnership with United Overseas Bank (UOB) to offer more banking services to small and medium-sized enterprises (SMEs) on its platform.

According to a statement, SMEs listed on Zilingo’s platform will be able to access UOB’s banking solutions directly on the former’s site. The two companies will also explore building support in areas such as cash management, foreign exchange, and workplace banking services.

Zilingo CEO and co-founder Ankiti Bose said: “Where businesses may find difficulty in accessing capital due to insufficient financial records, Zilingo’s unique position as a connector of the fashion supply chain will allow us to leverage a bird’s eye view of the supply chain to make a comprehensive assessment of the business’ capabilities and value proposition.”

Zilingo is one of Southeast Asia’s fastest-growing startups, and touted to be valued at close to $1 billion. The fashion marketplace last raised $226 million in its Series D round in February, backed by prominent names like Sequoia Capital, Burda Principal Investments, Sofina, Temasek Holdings and EDBI.

SG e-scooter startup Neuron Mobility to enter Brisbane

Neuron Mobility, the Singapore-based e-scooter company, has been selected by the Brisbane City Council to operate a fleet of 600 e-scooters in the city.

Neuron’s CEO Zachary Wang shared in a Linkedin post earlier today that “Brisbane is the perfect city for e-scooter sharing, with great people, well-built infrastructure and awesome weather.” He added that the company is committed to high-quality service and a cleaner city with its Neuron N3 scooters.

Neuron’s entry means new competition for Lime, which was the sole e-scooter operator in Brisbane. Lime has, in fact, been instructed by Brisbane’s City Council to reduce the number of its scooters to 400 from 750, according to local reports.

Neuron Mobility has been rolling out its services to new markets in recent months. In January, it launched its services in Cyberjaya, Malaysia after raising $3.7 million (S$5 million) in fresh funding last December. The 500 Startups-backed startup also operates in Kuala Lumpur, Singapore, Bangkok, and Chiang Mai.