Why fast access to capital matters for SMEs

Backed by Grab and Singtel, the bank also offers special perks for Grab for Business partners and Singtel customers, such as discounts on transport and business broadband services. 

“Today, around one in two SMEs in Singapore is part of the Grab or Singtel ecosystem,” said Mr Dasgupta. “We have embedded financing solutions within these ecosystems that support businesses that may not yet have extensive financial track records but show strong operational momentum and healthy business activity signals. 

“We are also seeing encouraging early traction as we extend these learnings and capabilities across more digital ecosystem platforms.” 

BUILT AROUND SME NEEDS

SMEs today operate in an increasingly complex environment. Supply chain disruptions and inflationary pressures have contributed to softer consumer demand and heightened market volatility. More businesses are contending with tighter margins, higher inventory and manpower costs, and slower customer payments. 

In this environment, access to timely and flexible financing becomes even more important. Beyond meeting immediate liquidity needs, it can help businesses respond more effectively to changing customer demand and market conditions. 

“Whether businesses are looking to manage temporary cash flow gaps, secure inventory ahead of price increases, fulfil customer orders or simply continue operating, our Capital in 24 Hours promise remains,” said Mr Dasgupta. “We want to help SMEs keep operations moving and give them the confidence to adapt and grow, even during uncertain periods.” 

Need access to working capital? Businesses can apply for financing through GXS Business Banking, with approved funds disbursed in 24 hours. 

GXS Business Banking consists of products and services provided by GXS Bank and GXS Capital. GXS Bank holds a banking licence and is regulated by the Monetary Authority of Singapore. GXS Capital operates under the legal entity Validus Capital (a wholly owned subsidiary of GXS Bank), which holds a capital markets services licence for dealing in capital markets products that are securities, issued by the Monetary Authority of Singapore. The GXS Biz Account and GXS FlexiLoan Biz are provided by GXS Bank. The Working Capital Loan, Invoice Financing, Purchase Order Financing and Accounts Payable Financing are provided by GXS Capital. GXS Bank and GXS Capital terms and conditions apply.

Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

GXS Bank and GXS Capital are separate entities and are not associated with the businesses of Grab, Singtel or their entities.