Blog post -

RIABU's pledge2play backs debt-ridden SMEs in payments showdown with big firms

For social fintech platform RIABU, the rules of engagement should change.

That is, big firms who are clients of small and medium-sized enterprises (SMEs) should start paying the smaller firms on time, especially as these companies are now in even more dire straits as a result of the circuit breaker measures. Data from Experian revealed that many of them were already in debt even before the circuit breaker measures made it worse, with 61% of SMEs already posed high-credit risks by end-2019.

Read the full story here.

Topics

  • Business enterprise, General

Contacts

Mark Laudi

Press contact Managing Partner (+65) 6223 2249

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