Seedflex, a fintech business with headquarters in Singapore and Malaysia, has acquired an unknown amount of seed capital from 500 Global in order to introduce a “pay-as-you-sell” service in Southeast Asia.
The new product from the company is marketed as a digital finance solution that complies with Shariah and offers cashless retailers a credit limit that dynamically varies based on anticipated future sales. Up to ten weeks’ worth of sales money can be accessed in advance by merchants, and payback is calculated as a fractional deduction from future sales.
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This service is now being rolled out by Seedflex in Malaysia, with plans to expand it to additional Southeast Asian markets by 2025, such as Indonesia and Thailand.
For now, they only assist online cashless retailers who use e-commerce platforms. With this money, they will debut in Malaysia and, by 2025, want to spread to additional SEA countries including Indonesia and Thailand.
About Seedflex
Seedflex provides an easy approach for online retailers to maintain control over their operations, finances, and expansion Pay-As-You-Sell Advance.
