SINGAPORE (Nov 4): E-commerce solutions provider Synagie Corporation announced Monday it has been appointed as a partner by government agency Enterprise Singapore to help small- and medium-sized enterprises (SMEs) internationalise through e-commerce.

The development project will see SMEs in Singapore receive 70% subsidy for subscription to Synagie’s Multichannel E-commerce Platform Solutions, which has a package price of $20,000 per SME for the first year.

The company says this will make cross-border e-commerce more accessible to SMEs, and help them to sell online in regional and international marketplaces using its cloud-based e-commerce platform.

“We are honoured to work with Enterprise Singapore to help our local SMEs to embrace the digital economy and expand sales globally,” says Olive Tai, executive director of Synagie.

“E-commerce presents SMEs with enormous opportunities to expand their target markets,” she adds. “We look forward to helping these enterprises effectively manage and scale their businesses digitally across borders.”

Shares in Synagie closed 0.2 cent lower, or down 1.5%, at 13.4 cents on Monday. The counter is currently trading at less than half of its initial public offering (IPO) price of 27 cents in August last year.

See: Synagie Corp eyes net proceeds of $9.8 mil from Catalist IPO at 27 cents per share