Singapore startup InvoiceInterchange reaches Fintech Finals 2016

Visual of InvoiceInterchange homepage. December 2015.

Singapore-based startup venture InvoiceInterchange has reached the Fintech Finals 2016 (FF16), to take place in Hong Kong in January 2016, outracing 11 competing startups.

InvoiceInterchange, a peer-to-peer (P2P) invoice trading marketplace, provides working capital solutions for small and medium enterprises (SMEs) by transforming invoices into trade receivables that serve as an asset class for investors.

At the semi-final event in Singapore last week, each startup was given five minutes to pitch their company to a live audience and three industry expert judges, with participation from early-stage to late-stage startups. These semi-final startup competitions are part of a larger initiative by Next Bank and Visa to establish innovation hubs and entrepreneurship across Southeast Asia.

Scored on their business model application and robustness, customer experience, and interface as well as potential market disruption and impact to the industry, InvoiceInterchange emerged as a the winner for the Singapore chapter and bagged a prize of $1000.

Brian Teng, co-founder of InvoiceInterchange, said, “It has given us a good opportunity to pitch ourselves against the best teams across Asia at the FF16 event and we look forward to building new relationships and partnership opportunities with startups and investors in Hong Kong.”

Six semi-final competitions are taking place throughout Asia, with winners from each city receiving a cash prize and the opportunity to be one of the final 24 startups to compete in the Fintech Finals. Singapore was the first city to hold the semi-finals. Other locations include Seoul, Mumbai, Bangalore, Kuala Lumpur and Sydney.

Next Bank is a financial technology community founded by Rob Findlay to serve as a network of designers, entrepreneurs and finance industry executives.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.