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The SME lender has welcomed Joseph Lim as its new managing partner for Asia as it prepares to open its doors in Singapore.
Business finance lender Bizcap has announced that it will start providing short-term finance to Singapore’s small and medium-sized enterprises (SMEs) in the first quarter of 2025 and has hired a senior leader to spearhead the new division.
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The non-bank lender said that Singapore’s “vibrant SME sector and reputation as a global financial hub” made it an attractive location for its expansion. From next year, it will offer “more flexible funding solutions for businesses facing challenges with traditional lenders” by lending between SG$5,000 and SG$500,000 within 24 hours.
It marks Bizcap’s latest international expansion, having already built a presence in the UK and New Zealand, as well as in Australia.
As it prepares for its Singaporean launch, it has hired Joseph Lim (the former head of enterprise and platforms at SME lender Prospa) as managing partner for Asia to lead the division.
Lim has more than 13 years of experience in financial services – including seven years at Prospa, nearly five years at credit reporting agency illion (where he was managing director for Australia and New Zealand) and three years at small business data specialists Dun & Bradstreet, among others.
He joins the Bizcap senior leadership team alongside co-founder and director Albert Gahfi, co-CEOs Abraham White and Zalman Blachman, chief revenue officer Rebecca Del Rio, chief operating officer Adam Szental, and chief credit officer Tony Truong.
Welcoming the new hire, White stated that Lim’s track record of driving growth in competitive markets – and his expertise in financial operations, strategic growth initiatives, and fintech partnerships – made him “the ideal leader for Bizcap’s Singaporean operations”.
He said: “Lim’s appointment as our Asia lead is a significant step in our international growth strategy.
“His deep knowledge of financial services and passion for innovation will be key as we deliver on our promise to provide fast, reliable funding to SMEs across the region.
“We look forward to seeing the success of the Singapore market as the first entry point to Asia for Bizcap.”
[Related: Bizcap funds $1bn in SME loans]
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