{"id":17939,"date":"2021-10-05T07:15:00","date_gmt":"2021-10-05T07:15:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/10\/05\/incomlend-secures-us60-million-from-fasanara-capital-to-launch-new-working-capital-solutions-programme-for-esg-focused-smes\/"},"modified":"2021-10-05T07:15:00","modified_gmt":"2021-10-05T07:15:00","slug":"incomlend-secures-us60-million-from-fasanara-capital-to-launch-new-working-capital-solutions-programme-for-esg-focused-smes","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/10\/05\/incomlend-secures-us60-million-from-fasanara-capital-to-launch-new-working-capital-solutions-programme-for-esg-focused-smes\/","title":{"rendered":"Incomlend Secures US$60 Million from Fasanara Capital to Launch New Working Capital Solutions Programme for ESG-Focused SMEs"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>SINGAPORE &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media&#13;<br \/>\nOutReach<\/a>\u00a0&#8211; 5 October 2021 &#8211; Global invoice financing marketplace, <a href=\"https:\/\/incomlend.com\/\">Incomlend<\/a>,<b> <\/b>has&#13;<br \/>\npartnered with European alternative asset manager, <a href=\"https:\/\/www.fasanara.com\/home\">Fasanara Capital<\/a>, to launch a global US$60&#13;<br \/>\nmillion alternative financing programme for Small and Medium&#13;<br \/>\nEnterprises (SMEs) focused on Environment&#13;<br \/>\nSocial, and Governance (ESG). The new initiative, named <b>Incomlend ESG&#13;<br \/>\nInvoice Financing Programme<\/b>, is tailored for SMEs looking to positively&#13;<br \/>\nimpact their communities while continuing to capture new business opportunities&#13;<br \/>\nand grow their revenue.<\/p>\n<p style=\"text-align: center\"><img src=\"https:\/\/images.media-outreach.com\/Thumb\/500x0\/183338\/Incomlend-Fasanara.jpg#image-183338\" width=\"500\"\/><\/p>\n<p>SMEs that meet the ESG criteria and pass the financial&#13;<br \/>\nassessment process can access quick turnaround invoice financing solutions. These&#13;<br \/>\nsolutions improve SMEs&#8217; access to working capital by allowing them to monetise invoices&#13;<br \/>\nas early as three days following the shipment of their products. This gives&#13;<br \/>\nthem the fiscal agility to capture new revenue opportunities. It will also&#13;<br \/>\nenable SMEs to hedge themselves from credit risks in today&#8217;s volatile global&#13;<br \/>\neconomy.<\/p>\n<p>Incomlend will be assessing the SMEs ESG plan by using&#13;<br \/>\nestablished international standards, such as the United Nations (UN) Principles&#13;<br \/>\non Business and Human Rights, the UN Sustainable Development Goals, and the&#13;<br \/>\nParis Agreement. With improved cash flow, SMEs will also have the financial&#13;<br \/>\nhealth and resources to make more and bolder ESG-centric changes within their&#13;<br \/>\norganisation and supply chain. The changes include sourcing socially and&#13;<br \/>\nenvironmentally responsible and adopting greener technology to reduce their carbon&#13;<br \/>\nfootprint. This can help SMEs foster greater trust among stakeholders and&#13;<br \/>\nattract more customers. <\/p>\n<p>\u00a0<\/p>\n<p>The new initiative is also Asia&#8217;s first ESG-focused structured&#13;<br \/>\nfinance programme. Investors&#8217; interest in ESG and Sustainable Investing has&#13;<br \/>\ngrown substantially over the years. According to the <a href=\"http:\/\/www.gsi-alliance.org\/wp-content\/uploads\/2021\/07\/GSIR-2020.pdf\">Global Sustainable Investment Alliance<\/a>, sustainable investment in the US, Canada,&#13;<br \/>\nAustralasia, and Europe has increased by 15% from 2018 to 2020, reaching&#13;<br \/>\nUSD35.3 trillion in value. It comprises more than one-third of all assets under&#13;<br \/>\nmanagement. <\/p>\n<p>\u00a0<\/p>\n<p>In addition, the ESG programme connects institutional&#13;<br \/>\ninvestors who are keen to support ESG-centric businesses with socially&#13;<br \/>\nresponsible, sustainable SMEs. It also allows investors to diversify their&#13;<br \/>\ninvestments in assets while providing robust and steady returns at a transparent,&#13;<br \/>\nmonitored, and limited risk level. <\/p>\n<p>\u00a0<\/p>\n<p>Founded in Singapore, with offices&#13;<br \/>\nand representation in Europe, India, and Southeast Asia, Dubai and Hong Kong,&#13;<br \/>\nIncomlend connects SMEs globally with communities of investors, enabling them&#13;<br \/>\nto finance individual invoices on an exchange&#13;<br \/>\nplatform. Since it started operations&#13;<br \/>\nin 2016, Incomlend has financed over USD500 million in trades across 50&#13;<br \/>\ncountries worldwide. <\/p>\n<p>\u00a0<\/p>\n<p><b>Incomlend CEO and Co-founder Morgan Terigi&#13;<br \/>\ncommented:<\/b><\/p>\n<p>&#8220;We believe that ESG is not a hindrance but an&#13;<br \/>\naccelerator of SMEs&#8217; growth, and more needs to be done to aid ESG-focused SMEs.&#13;<br \/>\nThrough this joint alternative financing programme with Fasanara Capital, we&#13;<br \/>\naim to nurture more responsible companies globally and enable them to grow&#13;<br \/>\ntheir business and profitability. We hope these ESG-centric SMEs can become successful&#13;<br \/>\nrole models that their peers emulate, thereby encouraging more businesses to&#13;<br \/>\nfocus on ESG.&#8221; <\/p>\n<p>\u00a0<\/p>\n<p><b>Fasanara Capital CEO Francesco Filia<\/b> <b>commented:<\/b><\/p>\n<p>&#8220;Incomlend shares our commitment to support&#13;<br \/>\nESG-focused enterprises, and we are excited to partner with them to pioneer&#13;<br \/>\nthis new funding instrument. SMEs represent approximately 90% of companies&#13;<br \/>\nglobally and have tremendous collective potential to make a positive impact. With&#13;<br \/>\nIncomlend&#8217;s global reach and proven expertise, we are confident that they can&#13;<br \/>\nmaximise our investment and deliver working capital at scale to the right SMEs&#13;<br \/>\nto drive meaningful change worldwide.&#8221;<\/p>\n<p>\u00a0<\/p>\n<p>For more information on Incomlend, please visit <a href=\"https:\/\/www.incomlend.com\/\">https:\/\/www.incomlend.com\/<\/a>.<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-10-05\/97644\/incomlend-secures-us60-million-from-fasanara-capital-to-launch-new-working-capital-solutions-programme-for-esg-focused-smes\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SINGAPORE &#8211;\u00a0Media&#13; OutReach\u00a0&#8211; 5 October 2021 &#8211; Global invoice financing marketplace, Incomlend, has&#13; partnered with European alternative asset manager, Fasanara Capital, to launch a global US$60&#13; million alternative financing programme for Small and Medium&#13; Enterprises (SMEs) focused on Environment&#13; Social, and Governance (ESG). The new initiative, named Incomlend ESG&#13; Invoice Financing Programme, is tailored for &hellip;<\/p>\n","protected":false},"author":1,"featured_media":17940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17939"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17939"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17939\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/17940"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}