Nufin Data was at the 7th Annual SME Biz Innovation Summit, organised by SMB World Asia. The event brought together SMEs CEOs, founders, directors, technology and solution providers, digital & cyber security experts, governments, financial & education institution and think-tank to discuss the latest Innovation trends, sharing tips & success stories for innovation projects and explore Win Win Partnership opportunities for market expansion.
Early this year, Singapore government announced that supporting enterprise to innovate is the key thrust of the Singapore Budget 2018 and SME Go Digital Programme will allocate S$2.4 billion (US$1.7 billion) to build the digital capabilities of SMEs across retail, food services, logistics, cleaning, wholesale trade and security segments.
Nevertheless, most of the SMEs with limited financial resources and expertise are facing difficulties in transforming their businesses. Moreover, technology driven Fintech companies are transforming the way customer access and manage money, SMEs need to review their internal operating model and upgrade their transaction system to serve the new techsumer market.
Nufin Data shared with the attendees NEMO’s features and capabilities, and how it can help solve manual inefficiencies within the procure-to-pay process and at the same time, help SMEs obtain competitive short-term financing. NEMO’s multi-funder platform offers SMEs more working capital options as compared to traditional financing methods.
It was great meeting all the visitors, we would like to thank SMB World Asia for organising the event and look forward to working with our future prospects.