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

Financing can be obtained within 7 working days.

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.

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ABOUT THE AUTHOR

Wallace Ho

COO @ BEAMSTART

Based in Selangor / Malaysia

Works at 创雷 (BEAMSTART China)

beamstart.com

ALSO MENTIONED IN THIS POST

Dropee

SaaS platform that empowers suppliers to connect directly to retailers.

From Bandar Sunway / Malaysia

dropee.com

Industry:

Commerce FMCG Manufacturing Software/Internet

Opportunities:

Hiring Exploring Partnerships Offering Services Fundraising Seeking Coverage

Grab

Grab is your everyday everything app.

From Singapore

grab.com

Industry:

F&B Logistics/Supply Chain Mobile Travel

Opportunities:

Hiring Exploring Partnerships

Vynn Capital

Vynn Capital is a venture capital firm that works with companies in the industries of Travel, Property, Food & FMCG, Female Economics, Business Enablers.

From Kuala Lumpur / Malaysia

vynncapital.com

Industry:

Investments Venture Capital & Private Equity

Opportunities:

Investing Fundraising

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