Dropee partners with Grab Financial; now offering business loans for SMEs in Malaysia.

Financing can be obtained within 7 working days.


Wallace Ho

10 Jun, 2019

Dropee partners with Grab Financial; now offering business loans for SMEs in Malaysia. | BEAMSTART News

In a new formed partnership with Grab Financial powered by their lending and P2P financing partner, Malaysian B2B eCommerce marketplace Dropee is now offering business loans for small-to-medium enterprises (SMEs).

The new financing initiative will allow SMEs to obtain financing within 7 working days with interest rates as low as 0.8% per month.

Loans can be used by retailers to procure directly from suppliers via Dropee's platform, with shorter repayment periods of 6 - 12 months.

Founded in 2016, Dropee connects suppliers with SME business owners via their online marketplace, mainly offering supplies for the F&B, FMCG, and retail market segments.

Dropee has previously raised financing from angel investors, a grant from Cradle Fund, and a venture round from Vynn Capital.  

The company now supports more than 1,400 brands, over 10,000 SKUs, and serves more than 1,000 businesses to date.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Senior Product Manager

Vahan

Bengaluru, India, United States

Full Time

USD 2500000 — USD 4500000 yearly

Revenue Director (Go-to-market areas)

Pulppo

Mexico City, Mexico, United States

Full Time

USD 50000 — USD 80000 yearly

🤝🏼 Talent Lead

Replo

San Francisco, United States

Full Time

USD 100000 — USD 130000 yearly

People Partner Intern

Finku

Jakarta, Indonesia, United States

Internship

Salary Undisclosed

Full Stack Engineer

kapa.ai

United States

Full Time

USD 80000 — USD 119998 yearly

JavaScript Automation Intern

HiOperator

San Francisco, United States

Internship

USD 17 — USD 25 yearly

Supplier Quality Engineer, Energy Storage

Moxion Power Co.

Richmond, CA, United States

Full Time

Salary Undisclosed

Senior Product Designer, Graphing

BioRender

Toronto, Canada, United States

Full Time

USD 130 — USD 240 yearly

Snr. Software Engineer (Backend)

SkyLink

New York, United States

Full Time

USD 125000 — USD 155000 yearly

QA Engineer - Intern

Peakflo

Singapore, Singapore, United States

Internship

USD 360000 — USD 600000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2024 BEAMSTART. All Rights Reserved (Legal).