UOB offers alternative funds for fintechs

UOB offers alternative funds for fintechs

Venture debt is another alternative funding option that UOB offers to startups. TECH startups are, and will continue to be, one of the driving forces of the new digital economy. They bring to the market disruptive ideas that could transform entire industries. But ironically, that very innovativeness may pose a challenge, particularly, in raising money for their ventures. Janet Young, head of group channels and digitalisation at UOB, affirms that tech startups often find it hard to raise funds through conventional methods such as bank loans. "This is largely because tech startups, unlike established companies, may not be able […]

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