DigitalCFO Newsroom | 18 January 2022
Fourth edition of Singapore’s Fastest Growing Companies report by The Straits Times and Statista recognises Incomlend’s strong revenue growth and potential
Global invoice financing marketplace, Incomlend, announced today that it had been named the Top 15 Fastest Growing Companies in Singapore in 2022 in the fourth edition of Singapore’s Fastest Growing Companies. The special report is produced by The Straits Times and German-based global research company Statista.
The annual Singapore’s Fastest Growing Companies 2022 report, which officially launched on 18 January 2022, recognises companies with exceptional revenue increases and remarkable progress.
As a leading alternative cross-border trade finance platform globally, Incomlend is an online invoice financing marketplace that connects quality small and medium enterprises (SMEs) with accredited and institutional investors worldwide.
Founded in Singapore, with offices and representation in Europe, India, and Southeast Asia, Dubai and Hong Kong, Incomlend has experienced significant business growth since its inception in 2016. Over the last six years, Incomlend has financed over US$500 million in trades across 50 countries worldwide.
In 2021, the company secured US$60 million from European alternative asset manager Fasanara Capital to launch the Incomlend ESG Invoice Financing Programme, Asia’s first structured finance programme with a focus on Environment, Social, Governance (ESG).
Last year also saw Incomlend Capital, an Incomlend Group company, obtaining the Capital Markets Services (CMS) license from the Monetary Authority of Singapore to conduct fund management activities for investors. The license allows Incomlend to scale its global invoice financing marketplace and gather more funding. It also enables the company to deliver alternative working capital solutions to more quality SMEs worldwide.
Incomlend CEO and Co-founder Morgan Terigi commented:
“Incomlend is honoured to be on the list of Singapore’s Top 15 Fastest Growing Companies in 2022. Being recognised for the prestigious annual Singapore’s Fastest Growing Companies report is a remarkable milestone for us. As an emerging player in the region’s financial services and fintech space, we will continue our growth journey globally. We’re committed to providing SMEs with working capital solutions to help them scale their business. We aim to narrow the growing global trade finance gap and empower deserving SMEs that traditional financial institutions underserve.”
For more information on Incomlend, please visit https://www.incomlend.com/.