Guides 09 April 2020

Resource Round Up — COVID-19-related Financing for Startups and SMEs

 

Access information specifically related to equity and debt financing and grants to tide over the impact of COVID-19 on your business

Singapore FinTech Association (SFA) recently shared the results of a survey on the impact of COVID-19 on fintech companies, which found that the top 3 areas which companies needed immediate assistance on were:

  • Advice on available government grants
  • Fundraising
  • Lead generation  

In the same week, Monetary Authority of Singapore (MAS) announced the launch of a S$125 million support package to help the financial and fintech sectors deal with the immediate challenges during these times of uncertainty, with comprehensive initiatives to support recovery and growth.

Building on our commitment and promise to rally behind the founders and companies we work with to raise capital, we have put together a non-exhaustive list of resources for business owners to swiftly access information specifically related to equity and debt financing, grants, as well as initiatives to support business continuity during this challenging climate:

https://bit.ly/sgunitedbizsupport
Extraordinary times call for extraordinary measures, and we stand united with our community, the founders we are supporting as well as their investors.  

If you know of a service that should be included in this list, please reach out to us at sea.united@fundnel.com

For more information on SFA’s survey and initiatives with ecosystem partners: https://singaporefintech.org/mas-support-package-for-fintech-ecosystem/

For more information MAS’ support package: https://www.mas.gov.sg/development/fintech/covid-19-support-package-for-fintechs


Learn more about how Fundnel can help high-growth startups and SMEs in Singapore raise funds here, or create an account today to submit a fundraising application.