According to the DBS SME pulse check survey published in March, over 85% of the SMEs surveyed indicated that ensuring consistent cash flow and managing costs was a key priority for them in 2022.
DBS and global small business platform Xero are working together to provide a simpler way to apply for loans and gain access to working capital for small- and medium-sized enterprises (SMEs) in Singapore and Hong Kong.
The collaboration will enable Xero customers the option to share their transactions from Xero’s platform to DBS. In turn, DBS will be able to offer Xero’s customers hyper-personalised credit terms and working capital limits that are tailored to their needs.
