Finaxar

Finaxar, a Singapore-based financial technology firm established in 2016, addresses the working capital needs of small and medium-sized enterprises (SMEs). The company was co-founded by Vihang Patel and Sianjin Tan. Vihang Patel, with prior experience at institutions like Boston Consulting Group and as an entrepreneur who sold his previous venture to AdNear, provides a strategic and entrepreneurial direction. Sianjin Tan brings deep financial expertise from his time at JP Morgan, where he was involved in credit trading and risk management.

The firm's core business revolves around providing data-driven credit and payment solutions directly from its own balance sheet. Initially, Finaxar launched its Credit Line, a flexible financing facility designed to help SMEs manage short-term cash flow gaps. This service offers a streamlined, digital-first application process, promising fund disbursement in under 24 hours, a significant reduction from traditional banking timelines.

In 2019, with backing from Enterprise Singapore, Finaxar achieved a significant milestone by expanding its operations internationally. It entered the Vietnamese market through a strategic partnership with Cathay Financial Holdings and Indovina Bank, implementing its Lending-as-a-Service model to enhance SME financing in the region. Building on its product suite, the company introduced a B2B Buy-Now-Pay-Later (BNPL) solution and Corporate Cards in 2020, having become a principal member of Visa. These offerings are integrated into a single platform, allowing businesses to manage payments and access liquidity in a way that aligns with their operational cash flows.

Finaxar's business model generates revenue by providing direct financing and through its Lending-as-a-Service partnerships. The company targets SMEs struggling with long payment cycles, offering them tools like invoice financing and credit lines to unlock capital tied up in receivables. By leveraging technology to automate credit assessment and funding, Finaxar positions itself as an efficient alternative to conventional SME lenders, focusing on speed and accessibility without requiring extensive paperwork or incurring hidden fees. Keywords: SME financing, working capital solutions, B2B payments, credit line, invoice financing, Lending-as-a-Service, fintech Singapore, business loans, corporate cards, buy now pay later for business, SME lending, trade finance, receivable financing, Vihang Patel, Sianjin Tan, Cathay Financial Holdings partnership, Indovina Bank, Enterprise Singapore, short-term business loans, online lending