Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 8 April 2021, 09:00 HKT/SGT
Share:
    

Source: Atlantis
Building a Financial Operating Center for SMBs in SE Asia: BizBank Launches Corporate Expense Card in Singapore
- BizBank is building a 'bank-in-a-box' for Southeast Asia's large but underserved SMB community
- BizBank's first product offering is a corporate expense management card
- The technology platform seeks to empower SMBs in the digital era

Singapore, Apr 7, 2021 - (ACN Newswire) -Atlantis, a Singapore based fintech company has announced the launch of its digital platform for small and medium Businesses (SMBs) - BizBank. BizBank's mission is to empower SMBs by providing them with a comprehensive, technology-based financial and business platform to accelerate their growth in the digital era.

In Southeast Asia, SMBs form the backbone of the economy, and account for 70% of GDP and between 52% and 97% of total employment in the region. According to research by Google and Facebook, there are c. 310 million digital consumers in the region, who are fuelling a tremendous growth in online spending.

Yet the majority of SMBs in the region struggle to capture this demand because they are in the early stages of digital transformation. Approximately between $20 and $40 billion is spent by SMBs for various OPEX payments.

Existing tools and solutions in the market today are fragmented and do not cater to the specific size and scope of SMB operations. Cost effective and intelligent financial solutions will help remove barriers faced by SMBs, unlocking economic growth and prosperity in the region.

According to Sruthi Srinivasan, COO of BizBank, "We are building a 'bank-in-a-box' for small and medium businesses. Using our end-to-end platform, SMBs can digitize their operations and spend more time on their core activities - revenue growth and business expansion."

BizBank aims to leverage the best of the emergent technological innovations to build an SMB-centric financial platform centered around the unique cash flow and business dynamics of these SMBs. "We are building a financial operating center for SMBs to manage their payments, credit, reportings, and grow revenue" - added Gaurav Sharma, CEO of Atlantis.

BizBank's first product is a corporate expense card that has been designed to help SMBs spend less. It provides small business owners with convenience and flexibility, bank grade security, and full visibility and control over spends. BizBank also plans to introduce expense management, invoicing, and various credit products in the next few months across Southeast Asia.

Please get in touch with [email protected] for more information on BizBank.

Social links
Twitter: https://twitter.com/BizBankHQ
Instagram: https://www.instagram.com/bizbank.co/

Media contact
Company: Atlantis
Contact: Media Team
Email: [email protected]
Website: https://www.bizbank.co

SOURCE: Atlantis




Topic: Press release summary
Source: Atlantis


http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Better memristors for brain-like computing  
May 15, 2021 07:00 HKT/SGT
E-House's open strategy to acquire an 85% stake in Tmall Haofang  
May 14, 2021 17:00 HKT/SGT
Eisai and National Cancer Center Commence Joint Research and Development Project   
May 14, 2021 16:48 HKT/SGT
TOYOTA GAZOO Racing Leads the WRC onto Gravel  
May 14, 2021 16:04 HKT/SGT
Hitachi ABB Power Grids enables Minnesota Power to deliver more clean and affordable hydropower to the U.S. Upper Midwest region  
May 14, 2021 14:24 HKT/SGT
Man Wah FY2021 Revenue from Main Business Up 35% to HK$16.4 Billion Despite Harsh Market Conditions, Net Profit Rises to HK$1.92 Billion  
May 14, 2021 14:22 HKT/SGT
NEC X and Alchemist Accelerator Announce Partnership to Speed Successful Startup Launches  
May 14, 2021 13:02 HKT/SGT
Commodities Intelligence Centre and ZALL Group Wins Gold and Silver Awards at The 2021 Asia-Pacific Stevie Awards  
May 14, 2021 10:00 HKT/SGT
President Xi Jinping reiterates the country's support for Traditional Chinese Medicine  
May 13, 2021 22:04 HKT/SGT
Shineway (2877.HK) Q1 revenue increased by 37.0%  
May 13, 2021 21:55 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 400 879 3881 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6859 8575

Connect With us: