- A minimum of 6 months of operating history
- A minimum of 30% local shareholding.
As an SME in Singapore, it could be difficult trying to find the necessary resources to support business operations, especially when you’re on a tight budget, have to deal with various fees including overseas transactions, taxes and payrolls.
This is where Funding Societies, Southeast Asia’s largest SME digital financing platform, comes in. Currently operating within the region including Singapore, Malaysia, Indonesia, Vietnam and Thailand, Funding Societies launched their latest solution – Elevate, a Virtual Expense Card + Credit line, for Singaporean SMEs, to support their growth at no additional fees.
Other than allowing businesses to control and pay for business expenses easily, users can also enjoy a 55-day interest-free period from the virtual credit line.
Application Process
The Elevate virtual card is open to all types of Singapore registered businesses and entities. The requirements to get started are:
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