30 Jul '15, 11pm

How this Fintech startup is plugging the SME funding gap: Singapore-based Fintech start-up ApexPeak is set on

How this Fintech startup is plugging the SME funding gap: Singapore-based Fintech start-up ApexPeak is set on

Among the financial technology (Fintech) startups aiming to disrupt the traditional banking sector, Singapore-based ApexPeak is set on resolving the funding gap faced by small and medium-sized enterprises (SMEs) worldwide. Access to funding has long been an issue for start-ups and small businesses, with 2008's global financial crisis further crimping the ability of banks to lend, resulting in SMEs facing great difficulties in obtaining much-needed funds. "The regulatory-strained banking sector pulling out of trade finance and inefficient bank underwriting processes presented a huge gap, especially in the Asia-Pacific, Middle East and Africa (APMEA) markets," Gakim Solomons, president and CEO of ApexPeak, told CNBC by phone. "We want to be an innovative financier that keeps capital working by utilizing real-time underwriting technology and structuring of risk to offer one o...

Full article: http://www.cnbc.com/2015/07/30/how-this-fintech-startup-i...

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