SGD5,000 is the minimum to pre-fund your ‘Investor Account’. Once the money is received, you can start to purchase invoices from eFundSME platform for any live trade launch.
You can purchase multiple invoices at a minimum of SGD500 per trade.
Your money will be held in a ‘Segregated Investor Account’ at a local Bank. Your money will not be co-mingled and is used solely for your purchase of invoices.
The key information includes profiles of SME and SME’s debtor, invoice face value, advance rate, advance tenure, investor rate of return, key financial indicators and notes on SME (egs. organisation, operations, customers).
As soon as SME’s debtor payment is received in full on maturity into a ‘Segregated Receivable Account’ held at a local Bank, your purchase amount and return less eFundSME platform fee will be transferred to your ‘ Segregated Investor Account’ within 48 hours.