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Luminor Financial taps growth engine of Asian SMEs

Jennifer Tan-Stanisic
Jennifer Tan-Stanisic11/3/2022 12:29 PM GMT+08  • 7 min read
Luminor Financial taps growth engine of Asian SMEs
Kwan: I’m always thinking about how to match borrowers and lenders in the fintech space, develop suitable products, or lower the cost of funding via different channels or pipes / Luminor
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Self-starter Kwan Yu Wen is passionate about empowering small businesses to achieve big goals and rightly so because small and medium enterprises (SMEs) constitute the backbone of most economies in the region.

“SMEs form a critical pillar of the economic system of most countries - they drive growth, job creation and generally contribute to about 80% of any economy, but they are massively underserved the world over,” the executive director of Singapore-listed financial solutions provider Luminor Financial Holdings points out.

“That’s where Luminor Financial has stepped in — we identified a huge gap in the market where SMEs are unable to obtain financing from traditional banks for various reasons,” she notes.

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