Smart Funding

Smart Funding Buy Now Pay Later Financing

Interest Rate
0.5 % flat int per month
Max. Loan Amount
$ 500,000.00
Approval Duration
Within 10 working days

SMART FUNDING Buy Now Pay Later Scheme is a new innovative initiative to help SMEs ease their cashflows 

First BNPL SME scheme in Singapore, this option provides SMEs with the flexibility to finance the purchase of good and services, with ZERO* upfront payment and instead make installment payments over 6-9 months


*subject to company financial profile

Smart Towkay Editor's Review

Calculate Your Business Loan Repayment Instantly

I want to borrow
Monthly Installment
$ 16,916.67
Interest Rate
0.5 % flat int per month
Total Interest Payable
$ 750.00
Total Repayment
$ 50,750.00
Key Features
Features 1

Within 10 Working Days For Approval

Features 2

Own Choice Of Vendors

Features 3

Max Loan Tenor: 9 Months

SMART FUNDING Buy Now Pay Later Features

SmartFunding is a member of the Singapore Fintech Association, and holds a Capital Market Services (CMS) License from the Monetary Authority of Singapore (MAS). It is also a subsidiary of Fatfish Group, a regional  venture capital and venture builder firm specialising in incubation, start-ups and early stage investments.


Fatfish was founded in 2011 and is now based in Melbourne, Australia, where it has been listed on the Australian Stock Exchange and has a subsidiary that is listed in Sweden. Fatfish also has offices and other subsidiaries in Malaysia, Indonesia, Sweden, and of course, Singapore.


The CEO of SmartFunding, Victor Chow, is most renowned in the IT industry for having served as Global Chief Operating Officer for Cloud Computing and NextGen Data Centers of Huawei Technologies. He was also previously the CEO of Aristagora International, the Founding CEO of Fintech Accelerator INSPIRASIA, and the Head of Asia for Life.SREDA Venture Capital. With over 30 years of experience, Mr Chow’s management and expertise will prove invaluable to the company.


Maximum loan up to $500,000


Maximum tenor up to 9 months


The company must be operating for more than 1 year

Annual Revenue of at least S$100,000

Buy Now Pay Later Features:

Not Vendor Dependable (SMEs can get approval for goods and services purchase with their choice of vendors)
- Up to 9 months loan tenor which is longer than current BNPL providers in the market

- Fast application turnaround time of 10 working days

- Finance purchase of goods and services with ZERO* upfront payment
- Applicable for Pte. Ltd. Company only

*subject to company financial profile

  • Latest 6 months Company Operating Account Statements
  • Latest 2 years Directors' & Shareholders' NOA
  • Latest 2 years Company's Financial Report
  • NRIC Front & Back of Directors' & Shareholders'
  • Intended Goods & Services purchase Quotation
  • Latest ACRA/BIZFILE report
  • Individual CBS report of directors/guarantors
  • Proof Of Local Trading address (Utility bills, Telco bills,etc)
  • Copy of memorandum and article of association (M&AA)
Fees and charges
SMART FUNDING Buy Now Pay Later Fees and Charges

Processing Fees: 
  4% of the loan amount 

Monthly Interest Rates: 
   0.5-1.25% flat interest per month

No Redemption Penalty

- Late Penalty Interest: 0.1% per day on the outstanding principal
- Processing Fee: S$150

Other similar products
Grab Finance SME Loan
Profit Rate
1.6 % flat int per month
Max. Loan Amount
$ 100,000
Smart Funding Buy Now Pay Later Financing
Profit Rate
0.5 % flat int per month
Max. Loan Amount
$ 500,000
Minterest SME Loan
Profit Rate
2 % flat int per month
Max. Loan Amount
$ 300,000

If you're not sure which loan is right for you, we can help!

Why Should You Apply Through Smart-Towkay ?

Benefits of Applying Through Us


As a team of ex bankers, we are very familiar with credit criteria of individual banks with a solid track record of >80% approval rate.


Leave the application process to our specialists while you focus your resources on your core business.


Tired of waiting for unresponsive bankers revert? Your application is our priority, reduce processing time by 3-5 working days through us!


No upfront fees, no fees applicable if we’re not enable to secure financing for your company. Performance guarantee, pay only for results!

by Smart-Towkay

SmartFunding is rolling out their latest product: Buy Now Pay Later services for SMEs.

Buy Now Pay Later (BNPL) schemes are a relatively recent phenomenon. Essentially short-term instalment payment plans, BNPL schemes have conventionally been applied to consumer spending. As a payment method, it provides consumers an option to make purchases without having to worry about upfront costs or hefty interest charges.

Transferring this concept to the realm of business financing is pleasingly deft; after all, SMEs would also certainly benefit from having the option to finance the purchase of goods and services with little or no upfront payment.

The innovative part about Smartfunding’s BNPL offering for SME is that it is not vendor dependant. SME can get approved for goods and services purchase with their vendors of choice in quick turn-around, complete the procurement with financing coming from Smartfunding in an easy and efficient digital onboarding process. 

Smartfunding will make payments to the vendors as per a normal procurement process, goods or services get delivered the SME. This will help ease the cashflow of SMEs so that they could focus on making best use of their capital , especially if they dont have excess capital. 

For example, a cafe needs to buy a new heavy-duty coffee espresso machine that could costs up to S$20,000 ,  the cafe owner just needs to apply digitally for the BNPL service at Smartfunding and named its preferred vendor and submit a copy of the quotation on the coffee machine that it is interested in. Once approved, Smartfunding will liaise with the cafe and the vendor, and onwards release payment to the vendor directly. 

The vendor will deliver the coffee machine to the cafe, which will make installment payments to Smartfunding over 6 months period.


This entire BNPL process could be completed in under 10 working days if all goes smoothly.

Smart Funding Buy Now Pay Later Financing Faq

We are a fintech (finance technology) company that connects Investors and Borrowers. We offer alternative short-term financing options for businesses, with 100% focus on SMEs and startups.

Yes, as a Capital Market Services (CMS) License holder, SmartFunding is licensed by the Monetary Authority of Singapore (MAS) to conduct the regulated activity of dealing in securities.

SmartFunding Pte. Ltd. is registered in Singapore (UEN: 201533194W).

Address: 71 Ayer Rajah Crescent #06-04, Singapore 139951.

The best way to reach us is via email (

SmartFunding acts as a platform that matches Borrowers with Investors. This role involves the following:

  1. Pooling of multiple Investors

  2. Credit assessment of Borrowers

  3. Legal servicing and facilitation of transactions

  4. Fund disbursement and monthly repayments collection

  5. Bad debt resolution

Currently, they provide only Term Financing and Buy Now, Pay Later (BNPL) for SMEs scheme.

The maximum amount of a loan request depends on our credit assessment. In general, the debt securities on our platform are above $10,000, and do not go above $500,000.

If your application is approved, Smart Funding will extend a Letter of Offer setting out the terms of the loan, including the loan amount, tenure, interest rate etc.

Once you have accepted the Letter of Offer, you may submit a formal loan request for crowdfunding on our platform.

Smart Funding Investors will receive a notification of your loan request and will be able to view a loan sheet disclosing the proposed loan details and your company details. The loan request will be on their Platform for a period of 30 days or until it is 100% funded, whichever earlier (“Loan Request Period”).

At the end of the Loan Request Period, if the loan request received sufficient funding from Investors (typically 70%), then the loan request is successful. You will be required to enter into a debt instrument with the Investors and SmartFunding (where SmartFunding will be acting on behalf of Investors).

Disbursement of the crowdfunded sum (less processing fee) will be made within 2 working days from the signing of the debt instrument.

In general, our Borrowers are companies which fulfil the following criteria:

  • Have been operating for 1+ Years

  • Annual Revenues of at least S$100,000

However, we may also review companies which do not meet the above criteria on a case by case basis.

We provide Investors with only as much information as judged relevant for them to appropriately assess risk, be it financial or non-financial information.

No, you will not be able to access Investors’ profiles.

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