Incomlend, the Singapore-based fintech company that connects SMEs with a cross-section of investors through a global invoice finance platform, has launched an invoice financing program for two Bangladesh firms – Fashion Tex Asia and Sadat Apparels. While Fashion Tex Asia is an apparel buying house, Sadat Apparels is a garment maker. This newly-launched invoice financing program allows both the Bangladesh firms to cash in an invoice as early as three days after the concerned firms ship their goods to the buyers. Without this new financing solution from Incomlend, the two firms would typically take 120 days to cash in an invoice.
