Say hi to Jenfi.This Singaporean startup provides capital to help online businesses  scale. Oh, and they’ve just raised $6.6M in a Pre-Series B led by Headline Asia.

• They’ve already shelled out $25M to over 600 companies!
• Their clients include Ralali, Gushcloud, Lamer Fashion, and more.  

Investor check. Monk’s Hill Ventures, ICU Ventures, and other returning VCs joined in!

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🪙  The secret sauce?

Jenfi makes it easier for you to access cash for business growth. But they’re not just investing in anyone!

• Following the $$$. They track their borrowers’ business activity and revenue growth through their proprietary risk assessment engine.
• Automated underwriting system. They use machine learning tech for faster and more accurate underwriting decisions.

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📈 At your own pace

Jenfi lets businesses loan $10,000 to $1M for marketing, inventory, and other growth-related spending.

• Personalized repayments. Repay your loans within three to twelve months.  
• Don’t worry about dilution. The financing Jenfi offers is non-dilutive and doesn’t take any of your precious equity, unlike getting $$$ from investors!

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✍️ See you soon?

With the new funding, Jenfi plans to develop its risk assessment capabilities to grow its client base more effectively.

• Plans to expand in Malaysia, the Philippines, and Thailand are also in the works.

On the product side. They’ll also start working with synthetic data and develop a tech platform for third-parties to use Jenfi’s proprietary scoring models in their own products.

• They’re also looking to offer growth capital to more clients through dynamic limits that can be adjusted per client, as well as an on-demand financing product for recurring growth capital needs.