Jenfi
Jenfi is a Singapore-based fintech company specializing in revenue-based financing for digital businesses in Asia, offering innovative financial solutions with flexible repayment options.
Company Overview
Jenfi is a fintech company based in Singapore, specifically in the credit and lending sub-industry. The company operates with a team of 18 individuals. Jenfi focuses on providing revenue-based financing for digital businesses in Asia. The company was founded to address the funding struggles of bankable yet underserved businesses in this region. Jenfi’s primary approach includes offering flexible repayment options that are tied directly to sales.
Funding and Financing Solutions
Jenfi offers a unique financing product designed to back repeatable business spend. The company has created a new asset class in Asia, utilizing flexible repayment options. Jenfi's funding solutions are delivered through the Jenfi Wallet and MasterCard system. They focus on industries such as e-Commerce, SaaS, and other digitally-enabled businesses.Eligibility for Jenfi's funding requires businesses to be registered as Pte Ltd or LLP entities with at least six months of verifiable revenue activity.
Automated Financial Technology Platform
Jenfi leverages an automated financial technology platform to assess potential borrowers. This platform enables a fully online application process, allowing businesses to apply for funding seamlessly. The system is designed to provide quick decision-making, with funding application decisions made in as little as 24 hours. The company's use of advanced financial technology enhances the efficiency and effectiveness of its lending process.
Regional Operations and Reach
While Jenfi serves Singapore as its primary location, the company also extends its services to the broader Southeast Asia region. Additionally, Jenfi operates partially remotely, enabling it to cater to a larger geographic area. The flexibility in its operations allows Jenfi to target a wider range of digital businesses seeking financial support.
Y Combinator Involvement
Jenfi was part of the Y Combinator W20 batch. This association with Y Combinator has provided the company with additional credibility and resources, aiding in its mission to support digital businesses in Asia. The Y Combinator affiliation underscores Jenfi's innovative approach to fintech and its commitment to addressing the funding needs of underserved businesses in the region.
