Pantavanij Partners with Investree, Fintech Platform Specialising in SME Credit
published : 13 Jan 2021 at 10:07
Pantavanij Partners with Investree, Fintech Platform Specialising in SME Credit, to provide financing to SME, strengthen supply chain financing, and allow SME convenient and fast access to credit
Bangkok – Mr. Apisit Kuparatana, Managing Director, Pantavanij Company Limited (left hand side), leading provider of e-procurement platform and B2B marketplace in Thailand and ASEAN, and Mr. Worakorn Sirijinda, Co-Founder of Investree (Thailand) Limited (right hand side of picture), have together signed MOU to become partners in providing supply chain financing to sellers and suppliers who are registered on Pantavanij’s e-Procurement system, with the goal of increasing access to funding for SME sellers and suppliers on Pantavanij’s platform.
Digital information available on Pantavanij’s system can be used by leading financial service providers to provide financing to seller’s and suppliers thereby increasing their business opportunity and strengthen SME’s competitiveness and economy as a whole. Interested Pantavanij suppliers can request financing from financial institution partners of Pantavanij, using just their invoice submitted via the Pantavanij's platform. The process is made to be convenient, fast, allowing suppliers to receive a response within 3 days.
Investree (Thailand) Limited is a Fintech Start-Up that started in Indonesia before expanding to Vietnam, Philippines, and Thailand, and is in the process of applying for Crowdfunding Platform License from the Securities Exchange Commission of Thailand.
Worakorn Sirijinda, Co-Founder of Investree (Thailand), stated that "Investree's mission is to be an intermediary and match SMEs who need financing with investors through our platform with ease, transparency and fair pricing. We recognize that SMEs face many inconveniences in accessing financing from formal financial institutions leading many to turn to non-banks, pay extremely high interest rates which in turn depresses their margin making them less competitive. Investree's business is to match SMEs who need financing with qualified investors who understand the risk and reward. We will help manage the entire process from matching, executing agreement, evaluating the creditworthiness of interested SMES, and monitoring repayment. SMEs in Thailand comprise up to 95% of Thailand's business and account for 50% of the country's employment and is unquestionably an important driver of Thailand's economy. If we can provide suitable financing solutions for SMEs, then in turn we also become part of the solution towards a sustainable and inclusive economy. At the same time, qualified investors will have access to an alternative type of investment which allows them to diversify their portfolio."