Incomlend Pte. Ltd

Based in Singapore, Incomlend Pte. Ltd provides invoice financing solutions that enable businesses to convert their invoices into immediate cash flow, primarily serving small and medium-sized enterprises involved in global trade. Incomlend Pte. Ltd specializes in invoice financing, allowing businesses to improve their cash flow by converting invoices into cash.

Founded in 2016 in Singapore, the company has completed a total of 5 deals. The most recent funding round occurred in October 2021, raising USD 60. 00 mn from investor Fasanara Capital, which totals the amount raised to USD 60. 00 mn.

The firm is co-founded by Dimitri K. and Morgan Terigi, who also serves as CEO alongside Swajit Rath. Incomlend specializes in invoice financing solutions that enable businesses to convert their invoices into immediate cash flow. The primary service offered is invoice factoring, where exporters can receive up to 90% of the invoice amount upfront after submitting their export receivables.

This service is particularly beneficial for small and medium-sized enterprises (SMEs) engaged in global trade, as it provides them with access to working capital without collateral requirements. Incomlend's marketplace connects exporters, importers, and institutional investors, fostering a seamless platform for financing. The company has been operational since 2016, serving various industries including consumer goods, healthcare, agriculture, and electronics across multiple geographical markets, notably Asia, Europe, and the United States. Their client base includes exporters who require liquidity to maintain operations and importers looking to enhance their payment terms with suppliers.

Incomlend's revenue model is predicated on transaction fees associated with the financing provided through its marketplace. For the year 2022, the company's revenue amounted to USD 2,414,115, while the EBITDA for the same year was USD -6,551,783. When an exporter submits an invoice, Incomlend pays a significant portion of the invoice amount to the exporter upfront, while the buyer is expected to settle the invoice at a later date. The firm charges a fee for this service, which varies based on factors such as the creditworthiness of the buyer and the volume of transactions processed.

This model allows Incomlend to effectively generate revenue while providing significant liquidity solutions to its clients, ensuring a steady flow of capital in the invoice financing ecosystem. In October 2021, Incomlend Pte. Ltd raised USD 60. 00 mn in venture funding from Fasanara Capital.

The company plans to use this funding to launch an alternative financing programme geared towards supporting small and medium-sized enterprises (SMEs) with a focus on environmental, social, and governance (ESG) criteria. Additionally, Incomlend is looking to expand its offerings into new geographical regions, particularly targeting markets in Europe and North America, with anticipated growth initiatives set for the upcoming year.