• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

GeekyFaust

Technology News and Reviews Philippines

  • Home
  • About
    • Biography
  • Contact Us
  • News
    • Blog
    • Gaming
    • Reviews
    • Editorial
    • Laptops
    • Gadgets
    • Mobile
You are here: Home / News / #dltledgers SmartFin financing platform now official

#dltledgers SmartFin financing platform now official

By Faust Principe May 19, 2021

#dltledgers launches SmartFin, a financing platform to transform modern trade finance

Blockchain-based marketplace aggregator removes traditional financing and working capital barriers for MSMEs

#dltledgers, an independent blockchain platform for trade and supply chain digitisation, announced today the launch of SmartFin, a platform for Micro Small and Medium Enterprises (MSMEs) to access trade financing from alternative financiers.

#dltledgers launches SmartFin

In support of this launch, the company has also entered into partnerships with leading alternative lenders, with a digital lending model, in the region.

Farooq Siddiqi, Chief Executive Officer of #dltledgers said, “Our core focus continues to help our clients digitize, which enables them to benefit from increased efficiency and productivity in their end-to-end processes.

At a time when our MSME clients need financing, we were in a position to respond to their needs and build an ecosystem with the top alternate financiers with a digital model, and aligned with our own vision of helping our clients digitize.

At a time when our MSME clients need financing, we were in a position to respond to their needs and build an ecosystem with the top alternate financiers.

We feel confident that both the borrowers and lenders will see the benefit of increased digitization in the financing process, with lower financing costs for the borrowers and increased transparency for the lenders.

This is a positive development for more than 400 MSMEs on our SmartFin platform.”

“We’re excited to align ourselves with industry-leading financial institutions like TradeFlow Capital Management, Drip Capital, Funding Societies, Crowd-Genie, Stenn International, Capital Match and others for financing needed by MSMEs, as well as looking to welcome additional finance providers and MSMEs to the platform” explained Farooq Siddiqi.

ALSO READ:  Powerbeats2 Wireless Earphone available at MSI-ECS

MSMEs are the economic backbone of Southeast Asia. In Singapore, they employ 72 percent of the workforce and contribute to 44 percent of the nominal value.

MSMEs have largely borne the brunt of economic contractions in the wake of Covid-19, facing unprecedented business challenges. A 2019 Asia Development Bank (ADB) report estimated that 45 percent of trade finance applications from MSMEs are rejected, contributing to a global trade finance gap of US$1.5 trillion.

Sumit Jain, Executive Director of Valency International said, “#dltledgers has greatly simplified the process of applying for working capital and trade financing through their SmartFin platform. We appreciate the value that the platform brings to businesses like ours by matching our needs to the alternative financiers offerings.”

Interested financiers and MSMEs can find more information at https://dlt.sg/access-finance-now/

About #dltledgers

#dltledgers is the leading, independent blockchain platform for trade and supply chain digitisation, headquartered in Singapore. The platform helps companies to digitise their commercial documents, contracts, and bank interactions, enabling them to automate multi-party transactions, streamline processes, and reduce cost.

The net result is faster, more cost-effective trade execution, more robust, an auditable collaboration between enterprises, and often improved capacity to obtain financing. The #dltledgers blockchain platform is a pioneer in enterprise blockchain. It was the first platform of its kind globally to go into full production, and it has processed several billion dollars worth of live transactions. https://dlt.sg

About Faust Principe

Faust is the author and founder of GeekyFaust. You can follow him at facebook.com/geekyfaust don't forget to like and share!

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

Recent Stories

Solayer Price Prediction 2025: Unlocking Scalable Staking and Liquidity on Solana through Layer-2 Innovation

What is Dawgz AI and $DAGZ Price Prediction 2025-2040

Get to Know about RuviAI and $RUVI Price Prediction in 2025: Can it reach $1?

What is Italian Brain Rot? Get to Know Everything about the Characters

Bitcoin Price to Return Above $100,000? Here’s the Analysis

Footer

CRYPTOCURRENCY

Small Bitcoin (BTC) Investors Actively Accumulate Cryptocurrency
Will Ripple (XRP) Be The Bitcoin (BTC)?
What are the biggest problems in Cryptocurrency?
Singapore May Introduce Further Cryptocurrency Restrictions
PayPal Is Finally Allowing Users To Move Their Cryptocurrency To Other Wallets

LATEST TECH STORIES

Oppo Top Stories
Telco Top Stories
Xiaomi Top Stories
Epson Top Stories
Secretlab Top Stories
Lenovo Top Stories
Android Top Stories

Editor’s Choice

Free browser games to play to make your day productive
Best Solitaire Classic Games to Play for Free
The best free online money games your kids will love
The best online calculator for reduced mortgage payments
The best car payment calculator for auto buyers
Best Free Online Math Games to Play for Students
Guide to reloading phone numbers of relatives in the Philippines
Customer Care Outsourcing – Shared Or Offshore?
How to settle bad credit loans and be debt free

POPULAR TOPICS

Mobile Phone / Smartphone
Latest News
Tech Reviews
How To's
Guides
Tech Gadgets
Local Telco
Computer Hardware
Software & Apps
Gaming

TRENDING POST

How to activate and register DITO SIM
How to apply for BDO Teacher Salary Loan
How to register and activate Veterans Bank ATM Online Banking
How to apply for Teacher Loans at China Bank Savings
PS Bank Online E-Banking
UnionBank Send and Receive Funds Online
How to apply for a EastWest Bank Teacher Loan

TOP MOBILE BRANDS

Asus AOC Black Shark Epson Fujitsu Sony Xiaomi Apple Nokia Cherry Mobile Oppo ZTE MyPhone Cloudfone Lenovo Samsung Secretlab Motorola Huawei LG Xperia MediaTek Vivo Klevv

GeekyFaust | Philippines Tech News & Reviews Copyright © 2025