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INTERNET | Internet Software & Services / Accounting & Finance
nufindata.com

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Investments

1

Partners & Customers

1

About Nufin Data

Nufin Data is the developer of the cloud-based solution NEMO. Combining powerful document process automation technology with trade financing options, NEMO optimizes a business'​ financial supply chain to drive growth.

Nufin Data Headquarter Location

4 Ayer Rajah Crescent

139960,

Singapore

+65 6775 2555

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Latest Nufin Data News

Nufin Data brings faster, easier financing to SMEs in South-east Asia

Apr 22, 2019

The Business Times Nufin Data is officially launching NEMO, a cloud-based financing platform that makes it possible for SMEs to use their current trade to finance their future trade. 23 Apr 2019 - 05:50 Are you running a business that needs to overcome cash flow challenges but find it difficult to access financing options offered by banks? Nufin Data, a Singapore-based fintech trade financing firm founded by Adera Global, is officially launching NEMO, a cloud-based financing platform that offers fast financing to small and medium-sized enterprises (SMEs) in Singapore, Malaysia and Indonesia, backed by trade-related data, and trade relationships. NEMO (which stands for New Efficiencies, More Options) makes it possible for companies to use their current trade to finance their future trade, says Ms Denise Ang, managing director of Nufin Data. "Traditionally, it's a lot of hassle and time taken for an SME to submit its documents to get financing. NEMO makes it easy for businesses to digitise and submit their documents on the platform, giving them access to fast cash flow," explains Ms Ang. Using tech to enable a supplier financing ecosystem NEMO's supply chain financing platform connects buyers and suppliers, leveraging strong buyers with good credit to enable their suppliers access to lower cost financing. This is offered by Nufin Data’s own proprietary fund and partner funders. "Increasingly, longer customer payment terms are creating a cash flow crunch for many SMEs. With NEMO, the SMEs can now easily upload their trade documents onto the platform and access financing quickly," says Ms Ang. Customers that benefit from the NEMO platform range from food and beverage (F&B) to trading to construction firms. Nufin Data is currently working with one of the largest local construction groups in Singapore to explore trade-backed financing for its suppliers on NEMO. The construction group will act as an anchor to support its ecosystem, allowing its subcontractors to gain access to financing. Its contractors and suppliers can gain fast access to trade-backed financing because NEMO's platform: Enables digitisation of progress billing and certification;  Allows efficient exchange and acceptance of invoices; and  Leverages the strong credit standing of the anchor to bring about financing to its downstream subcontractors in the ecosystem. The same principle can be applied to other verticals with long cash flow gaps, such as fast-moving consumer goods (FMCG), wholesale trade and the healthcare industry. Nufin is also aiming to work with more large buyers to offer their supplier networks. For large buyers with good credit standing, their credit line will be leveraged to extend early payment programmes to their suppliers and earn a return. Going the extra mile Nufin Data believes in understanding the customers' business to work out the best financing solution for them. "We seek to understand their trade flow and cash flow pains, and instead of relying solely on historical financial statements, we look into alternative ways of risk mitigation through data, visibility and control," says Ms Ang. "For example, a F&B company that owns multiple stalls across Singapore is now using NEMO to get faster cash flow. They no longer have to wait for the foodcourt to pay them a month later. Instead, through the visibility of POS data on the platform, they get paid earlier, which enables them to get more supplies, and in turn helps them sell more food," she adds. Value-added tools

Nufin Data Investments

1 Investments

Nufin Data has made 1 investments. Their latest investment was in Helicap as part of their Seed on May 5, 2018.

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Nufin Data Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/2/2018

Seed

Helicap

$1.5M

Yes

2

Date

5/2/2018

Round

Seed

Company

Helicap

Amount

$1.5M

New?

Yes

Co-Investors

Sources

2

Nufin Data Partners & Customers

1 Partners and customers

Nufin Data has 1 strategic partners and customers. Nufin Data recently partnered with Helicap on .

Date

Type

Business Partner

Country

News Snippet

Sources

Partner

Helicap

Singapore

1

Date

Type

Partner

Business Partner

Helicap

Country

Singapore

News Snippet

Sources

1

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