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SESAMi launches innovative e-financing marketplace amidst rising loan interest rates for businesses

SINGAPORE, Jul 27, 2022 - (ACN Newswire via SEAPRWire.com) - SESAMi has successfully launched a collaboration with its 5 banking partners including OCBC, CIMB and Linklogis to enable suppliers using its platform to get paid immediately on their outstanding invoices and purchase orders.Simplified OnboardingSESAMi will be reaching out to the supplier community to initiate this program. "The funding process will be massively sped up through leveraging on our Early Payment System (EPS), which was launched earlier this year for the SESAMi supplier community. With the digital financing program, suppliers only need to submit minimal documents to be on-boarded under the program," said Sharath Singh, Commercial Director for SESAMi.Competitive PricingThe marketplace will allow suppliers to pick and choose the financing partner best suited to their needs. The financing partners will, on the other hand, leverage on the data provided by SESAMi's e-procurement system to make faster and more accurate credit decisions in real time, allowing the suppliers to gain access to financing at a lower interest rate than the conventional products offered off the shelf. "Customer experience remains key to th...