Singapore-based startup Jenfi has raised US$6.3 million in a Series A round with Golden Equator Ventures and Korea Investment Partners (via the GEC-KIP Fund) participating in the fundraising.
Growth financing for early-stage non-profitable startups can be tricky as they don’t fit into the traditional customer mold for financial institutions. However, founders may be unwilling to give up more equity in exchange for funding and that’s where Singapore-based startup Jenfi comes in. Jenfi seeks to provide revenue-based financing of up to US$500,000 with flexible repayment plans and a fully online application process.
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