Incomlend Pte.

Based in Singapore, Incomlend Pte.Incomlend Pte. Founded in 2016 in Singapore, the company has completed a total of 5 deals.00 mn. The firm is co-founded by Dimitri K. The primary service offered is invoice factoring, where exporters can receive up to 90% of the invoice amount upfront after submitting their export receivables. This service is particularly beneficial for small and medium-sized enterprises (SMEs) engaged in global trade, as it provides them with access to working capital without collateral requirements. The company has been operational since 2016, serving various industries including consumer goods, healthcare, agriculture, and electronics across multiple geographical markets, notably Asia, Europe, and the United States. For the year 2022, the company's revenue amounted to USD 2,414,115, while the EBITDA for the same year was USD -6,551,783. When an exporter submits an invoice, Incomlend pays a significant portion of the invoice amount to the exporter upfront, while the buyer is expected to settle the invoice at a later date. The firm charges a fee for this service, which varies based on factors such as the creditworthiness of the buyer and the volume of transactions processed.In October 2021, Incomlend Pte. Additionally, Incomlend is looking to expand its offerings into new geographical regions, particularly targeting markets in Europe and North America, with anticipated growth initiatives set for the upcoming year.

1. Series A

   Feb 18, 2020

   Amount

   $13M

   Investors

   Locked