SINGAPORE, Jul 13, 2021 - (ACN Newswire via SEAPRWire.com) - Opal, a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), and Funding Societies, Southeast Asia's largest SME digital financing platform, have initiated a partnership to offer a range of financing solutions to Opal's ecosystem of clients and partners. This partnership aims to provide Opal's clients and partners access to financing so as to address short-term cash flow needs and capitalise on growth opportunities.Lim Ming Wang, Co-founder, OpalShrawan Saraogi, Head of Partnerships and Products, Funding SocietiesUnder this partnership, Opal will offer Funding Societies' range of financing solutions to small and medium enterprises (SMEs) who will be able to access multiple financing solutions at a relatively lower rate and a quicker processing time. Further, to reduce the financial burden on SMEs, Opal and Funding Societies will reduce processing fees on all disbursals up to 50% of the loan amount and offer a full waiver of the facility fee on all line products.Lim Ming Wang, Co-founder of Opal said, "Based on MAS' growth forecast for 2021, Singapore's economic growth will be robust but u...