CIMB Singapore has spearheaded the formation of the SME Resilience Circle, a strategic collaboration with CrediLinq, KPay, and Singlife, to bolster the resilience and growth of small and medium-sized enterprises (SMEs) in Singapore and the region. This initiative, formalised through Memoranda of Understanding (MOUs) signed on 19 November 2025, will provide over 30,000 retailers access to innovative financing solutions.
Central to this collaboration is CIMB FlexiPay, a “pay-as-you-earn” working capital solution launched in August 2025. This digital platform allows businesses to repay loans based on their daily revenue, with no interest or late fees, thereby offering a flexible financial lifeline to SMEs. Benjamin Tan, Head of Commercial & Transaction Banking at CIMB Singapore, emphasised the bank’s commitment to advancing customer and societal interests through such financial solutions.
CrediLinq’s Co-founder, Vikram Kotibhaskar, highlighted the partnership’s potential to make working capital more accessible by integrating AI-powered technology with CIMB’s financial ecosystem. Christopher Yu, President and CFO of KPay, noted the importance of connecting payment data with financing solutions to empower merchants with flexible credit options. Sandeep Nair, Head of Sales at Singlife, stressed the broader goal of building a supportive ecosystem for business continuity.
The SME Resilience Circle aims to address challenges such as rising costs and digital disruption, ultimately strengthening the economic fabric of the region. This initiative marks a significant step in providing SMEs with the tools needed for sustainable growth and competitiveness.
