Australian lender Bizcap has officially launched its operations in Singapore, aiming to provide fast and flexible funding solutions to the country’s small and medium-sized enterprises (SMEs). Since its entry into the market, Bizcap has already facilitated over S$6m in deals, establishing strong partnerships with local brokers and advisers. The company, which operates in Australia, New Zealand, and the UK, sees Singapore as a strategic hub for its Southeast Asia expansion.
Bizcap’s co-founder, Zalman Blachman, highlighted the demand for accessible funding in Singapore’s SME sector, similar to trends observed in other markets. “The SME segment is underserved, and there’s strong demand for faster, more accessible funding,” he stated. The company plans to expand into additional Asian markets over the next three years.
Bizcap’s lending model offers loan sizes ranging from S$5,000 to S$500,000, with plans to increase these amounts. The company utilises a flexible risk model that goes beyond traditional credit scores, employing automated bank statement aggregation and open banking integrations to assess business performance. This approach allows Bizcap to approve loans more frequently than traditional lenders.
Joseph Lim, Bizcap’s Asia Managing Partner, emphasised the company’s efficient processes, noting that the average assessment time during pre-launch testing was under four hours. “With our new systems coming online, we expect same-day funding to become a reality for eligible Singapore SMEs,” Lim said.
Bizcap’s partner-first approach includes lifetime commissions, dedicated support, and product education for brokers. The company offers two partnership models—Tick and Flick or broker-managed—to cater to different needs. Bizcap plans to introduce new products, such as a caveat-secured loan and a revolving line of credit, within the next 6 to 12 months, further enhancing its offerings for Singapore’s SMEs.
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