SINGAPORE - DBS Bank has launched a programme to provide financing to technology start-ups and expand capital-raising options for technopreneurs. Tech start-ups can tap the new DBS venture debt programme for working capital, buying fixed assets and even project financing. To qualify, tech start-ups must be backed by DBS's partner venture capitalists, who include Vertex Venture, Monk's Hill Ventures and Golden Gate Ventures. They should have raised at least $1 million of Series A funding, been in operation for at least a year, been incorporated for at least two years and have demonstrated that their business model is commercially viable. "Start-ups in Singapore primarily rely on venture capital to fund their operations," DBS said in a statement on Thursday. "By offering a dedicated venture debt solution to tech start-ups which are at the growth stage of their business life ...
Full article: http://www.straitstimes.com/business/banking/dbs-launches...
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30 Oct '15, 12pm
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