CIMB Singapore, CrediLinq, KPay and Singlife Unite for Versatile SME Financing

CIMB Singapore has taken the lead in forming the SME Resilience Circle with CrediLinq, KPay and Singlife to increase entry to smarter, extra versatile working capital for SMEs in Singapore and throughout the area.

The Circle goals to assist SMEs construct resilience, assist development and enhance long run sustainability whereas managing rising prices, digital disruption and evolving buyer behaviour.

The initiative was formalised by way of separate MOUs between CIMB Singapore and every accomplice.

CrediLinq contributes AI pushed credit score underwriting to assist extra correct danger evaluation, whereas KPay connects service provider fee information to financing to assist smaller companies entry credit score extra simply.

Singlife provides safety and enterprise continuity options to strengthen the broader assist ecosystem for SMEs.

The collaboration will allow at the least 30,000 current retailers inside the companions’ networks to entry information pushed, efficiency linked financing options.

The Circle additionally plans to usher in further ecosystem companions over time to broaden out there assist.

A key function of the partnership is CIMB FlexiPay, an progressive pay as you earn mortgage launched in August 2025 that hyperlinks repayments to an organization’s every day income.

Repayments are robotically deducted from every day deposits based mostly on a specific holdback price, which determines the portion of income allotted to the mortgage.

Companies pay a single upfront payment, repay solely on days they earn and pay nothing on days they don’t.

There aren’t any curiosity fees, late charges or prepayment penalties, and the complete course of is totally digital.

“CIMB Singapore is proud to steer the SME Resilience Circle as a part of our continued dedication to advance clients and society.

By means of monetary options like CIMB FlexiPay, we purpose to make it less complicated and sooner for SMEs to handle their cashflow and reinvest in development, supporting not simply enterprise continuity, however competitiveness for the longer term,”

mentioned Benjamin Tan, Head of Business & Transaction Banking, CIMB Singapore.

“SME resilience is greater than financing. It’s about constructing the boldness to take dangers, develop sustainably, and safeguard what issues.

Singlife is proud to accomplice with CIMB Singapore to assist a extra holistic ecosystem for enterprise continuity and safety. When SMEs are financially safe and supported, the complete economic system turns into stronger,”

mentioned Sandeep Nair, Head of Gross sales, Singlife.

Featured picture: [From left] Vikram Kotibhaskar, Co-Founder, CredilLinq.ai; Adam Lim, Head of Business Banking Product and Technique, CIMB Singapore; Mervyn Ng, Head of Bancassurance Partnerships & Gross sales, Singlife; and Christopher Yu, President and Chief Monetary Officer, KPay