P2P lender SeedIn rebrands as BRDGE

This follows BRDGE’s recent memorandum of understanding signing with V3 Fintech.

V3 Fintech is a unit of V3 Group which develops digital and financial technology, and other local cybersecurity and fintech firms including ISTARI International, Ensign Infosecurity, and Auto-Wealth.

BRDGE will collaborate with V3 Fintech in enhancing the suite of liquidity solutions available to SMEs as well as in spreading awareness amongst SME communities on innovative ways to address liquidity challenges and funding gaps.

Kevin Wong, CEO of BRDGE, said that rebranding has also enabled them “to grow Singapore’s fintech ecosystem by providing additional financing solutions to businesses seeking more options in funding, so that they can seize more opportunities for growth.”

Since 2014, BRDGE has helped fund over $72m in capital to Singaporean SMEs. Moving forward, BRDGE has also announced intentions to expand operations into Indonesia and is currently in the process of securing regulatory permission from the relevant authorities.

“SMEs in general are much more sensitive to economic headwinds due to increased competition, fluctuating market demands, technological advances, and capacity constraints surrounding information, innovation and creativity,” said BRDGE in a media release, noting that these enterprises also comprise the bulk of Singapore’s economic success, contributing to about half of the country’s GDP and providing jobs for nearly 65% of the workforce.