Home News Banking & finance

DBS and Xero make it easier for SMEs to access working capital with personalised lending solutions

Felicia Tan
Felicia Tan5/4/2022 03:48 PM GMT+08  • 2 min read
DBS and Xero make it easier for SMEs to access working capital with personalised lending solutions
Over 85% of the SMEs surveyed indicated that ensuring consistent cash flow and managing costs was a key priority, according to a DBS survey. Photo: Bloomberg
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

DBS and global small business platform Xero are working together to provide a simpler way to apply for loans and gain access to working capital for small- and medium-sized enterprises (SMEs) in Singapore and Hong Kong.

The collaboration will enable Xero customers the option to share their transactions from Xero’s platform to DBS. In turn, DBS will be able to offer Xero’s customers hyper-personalised credit terms and working capital limits that are tailored to their needs.

According to the DBS SME pulse check survey published in March, over 85% of the SMEs surveyed indicated that ensuring consistent cash flow and managing costs was a key priority for them in 2022.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now