Fintech

Seedflex raises funding from 500 Global so online sellers can access loans

April 23, 2024

Online MSME sellers, this is for you! Say hi to Malaysia’s Seedflex. This shariah-compliant fintech allows you to easily borrow and repay what you need for your business—just based on your sales volume. And they’ve just raised a seed!

Investor check. 500 Global invested.

🔍 The context

They only serve online cashless merchants selling on e-commerce platforms right now.

  • Borrow for emergencies, sales fluctuations, payroll, marketing, or equipment.
  • No late fees, interest charges or hidden costs. Just a transparent one-time fee!
  • Get the amount you really need (and deserve). They integrate with multiple platforms, so they can see all your revenue data across multiple platforms—not just one.

💰 How it works

Get pre-approved. No need to show documents or assets. Just get pre-approved by your platform, and you’ll see your pre-approved advance limit based on your sales.

Say yes. Once you receive an offer and accept it, you’ll get the amount in 48 hours. You can get as much as 10 weeks of sales revenue in advance!

Pay back. It’s hassle-free with automatic repayments. Oh, and you can choose to pay a fixed amount or set a percentage of future sales you’ll pay back.

What’s next?

They’re using the $$$ for their Malaysianlaunch and plan to expand to other SEA markets like Indonesia and Thailand in 2025

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