Bizcap, a rapidly growing alternative lender, is celebrating its first year of operations by increasing its lending limit to $1m. This move aims to provide small and medium-sized enterprises (SMEs) in Singapore with faster and more flexible funding solutions. Since its launch in early 2025, Bizcap has experienced significant growth, driven by the demand for quick and responsive financial options from local businesses and brokers.
Joseph Lim, Bizcap’s Managing Partner for Asia, stated, “When we launched, we had a vision to become Singapore’s most open-minded lender, and I truly believe we’ve brought that vision to life over the past year.” The company has introduced four new funding products and facilitated over $40m in funding for Singapore SMEs. Additionally, Bizcap has built a network of more than 300 partners and expanded its local team from one to seven employees.
The company recently hosted a partner event in Singapore, attended by over 150 key partners, to celebrate its one-year milestone. During the event, Bizcap announced the launch of its Bizcap Frequent Funders (BFF) programme, a loyalty initiative offering tiered incentives to partners who reach funding milestones. The company also recognised high-performing partners who achieved Platinum Partner status in 2025.
Tony Truong, Bizcap’s Chief Credit Officer for APAC, emphasised the importance of the increased lending limit, stating, “By lifting our lending limit to $1m, we can now support larger deal sizes and help more businesses access the capital they require.” Looking ahead, Bizcap Singapore aims to facilitate over $100m in funding in the next 12 months as it continues to expand its presence in the local market.
